ABBC's primary objective revolves around enabling swift, effective, and secure online retail operations by harnessing blockchain technology. This technology not only slashes payment processing fees but also opens doors to additional global markets, particularly benefiting small to medium-sized marketplaces, as emphasized by the ABBC team.
Originally stemming from Bitcoin (BTC) as a fork, ABBC transitioned to the EOSIO blockchain in August 2019. The allure of EOSIO lies in its bandwidth independence from token price fluctuations, making it an ideal platform for scalable ventures like ABBC Coin.
Furthermore, ABBC is steadfast in its pursuit of complete decentralization through community governance. Beyond the current team's involvement, holders of ABBC Coin possess voting rights, which can be delegated for proxy voting. Block producers (BP) wield significant influence by voting on ABBC's governance proposals, thereby molding the trajectory and evolution of ABBC Coin.
But how many ABBC Coins (ABBC) are currently in circulation? The total supply caps at 1,423,973,934 ABBC, with slightly less than half currently circulating.
In contrast to numerous blockchain endeavors, ABBC Coin follows a straightforward token distribution plan. 80% of tokens from the token generation event (TGE) are earmarked for investors, while the remaining 20% are allocated to the project's creators and team. However, specific details regarding token distribution and usage conditions by the ABBC Foundation and team remain undisclosed as of November 2020.
The project kickstarted with an initial coin offering (ICO) in 2018, amassing approximately $3.5 million by vending ABBC Coins at 0.00025 BTC per token—roughly $1.60 per token at the time.
How does the ABBC Coin (ABBC) network ensure security? Initially derived from Bitcoin, ABBC Coin migrated to the EOSIO blockchain, employing the EOSIO DPoS consensus algorithm for network security. This algorithm accelerates and streamlines transaction validation compared to the original proof-of-work (POW) consensus algorithm. Additionally, it leverages stake-weighted voting to foster community-led development and expansion for ABBC Coin.
With ABBC Coin, any token holder can participate in voting for block producers (BPs) entrusted with achieving consensus among themselves, safeguarding the network's integrity and validating only legitimate transactions. By enabling community involvement in selecting, altering, or removing block producers, ABBC empowers token holders to support entities aligned with the network's best interests.
Where can one acquire ABBC Coin (ABBC)? Since 2018, ABBC has been publicly tradable on various exchange platforms, including BitMax, Bithumb, and Hotbit. Presently, ABBC is tradeable solely against Bitcoin (BTC), Ethereum (ETH), and Tether (USDT)—with no fiat trading pairs available for ABBC Coin.
For purchasing other cryptocurrencies via debit or credit card, refer to our straightforward guide—available here.
Related Pages:
Explore PumaPay (PMA), a prominent crypto payment solution for merchants.
Dive into EOS, the native asset of the EOSIO blockchain.
Stay informed with common crypto terminology using the CoinMarketCap Crypto Glossary.
Stay updated on market trends and insights through the CoinMarketCap Blog
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