ABBC Coin

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Discover ABBC Coin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is ABBC Coin?

ABBC Coin (ABBC) is a cryptocurrency designed to facilitate secure and fast digital payments, aiming to make online shopping with digital assets safer and more accessible. It operates on the EOSIO blockchain and is part of the ABBC platform, which includes services like Aladdin Wallet and Aladdin Pro for smoother transactions. The platform also supports various blockchain networks, such as Ethereum, Binance Smart Chain, and Polygon, for enhanced interoperability.

How is ABBC Coin used?

ABBC Coin (ABBC) is a cryptocurrency designed to enhance payment security and facilitate seamless transactions. It offers several services and platforms to achieve this goal:

  1. Aladdin Wallet: A non-custodial wallet that allows users to send cryptocurrencies without delays, ensuring high-level security for digital assets.

  2. Aladdin Pro: A platform that enables users to swap ABBC Coins to other chains like Ethereum, Binance Smart Chain, Polygon, Fantom, and Avalanche for smoother transactions.

  3. Buyaladdin: A Dubai-based online crypto payment shopping mall where users can buy and sell products worldwide using ABBC Coin, BTC, ETH, and BNB.

  1. Real Research: A blockchain-based research platform that provides transparent and unbiased data curated from over 5 million users across 180+ countries.

  2. DOMINO DEX: A decentralized exchange that allows users to trade tokens safely and efficiently, supporting tokens from major networks.

  3. ABBC Mainnet: A high-performance, decentralized platform that handles over 5,000 transactions per second (TPS) using the Delegated Proof of Stake with BFT Pipeline (BFT-DPoS) consensus.

These services and platforms aim to make digital payments and online shopping swift, secure, and simple, addressing the issues of slow payments, high transaction fees, and limited payment options in e-commerce.

How do I store ABBC Coin?

To store ABBC Coin (ABBC) tokens safely, it is recommended to use a "Cold Wallet," which is a wallet that is completely offline. This type of wallet provides the highest level of security for your cryptocurrencies. There are two main types of cold wallets: hardware wallets and paper wallets. Hardware wallets are physical devices that store your private keys, while paper wallets are physical documents containing your private keys. Both options ensure that your tokens are not connected to the internet, reducing the risk of hacking and unauthorized access.

How to buy ABBC Coin?

To buy ABBC Coin (ABBC) tokens, follow these steps:

  1. Choose a Crypto Exchange:

    • Select a reliable cryptocurrency exchange that supports ABBC Coin, such as KuCoin, gate.io, MEXC, or Binance.
    • Research the exchange's reputation, fees, security features, and supported currencies to ensure it meets your needs.
  2. Create an Account:

    • Register a free account on the chosen exchange's website or app by providing necessary information, including your email address and a secure password.
    • Complete any required identity verification steps to increase withdrawal limits and unlock additional features.
  3. Fund Your Account:

  • Deposit funds into your exchange account using various methods such as credit/debit cards, bank transfers, or third-party payment services.
  • You can also transfer existing cryptocurrencies from another wallet or exchange to fund your account.
  1. Buy ABBC Coin:

    • Navigate to the exchange's spot market and find the ABBC Coin trading pairs (e.g., ABBC/USDT).
    • Place a buy order using market, limit, or stop orders, depending on your trading strategy.
    • Preview and confirm your purchase details before completing the transaction.
  2. Store Your ABBC Coin:

    • You can store your ABBC Coin in your exchange account for easy access to trading products or transfer it to a personal cryptocurrency wallet for added security.

Remember to stay informed about market trends and fees associated with buying and storing ABBC Coin to make the most of your investment.

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History of ABBC Coin

The history of ABBC Coin (ABBC) began in 2017 when it was founded by tech developer Jason Daniel Paul Philip and Hassan Abbas. Initially, the project was known as Alibabacoin, but it underwent a rebranding in 2019 after legal action by the Chinese online retailer Alibaba. The ABBC network was initially a fork of Bitcoin but later transitioned to the EOSIO blockchain in 2019, employing a Delegated Proof-of-Stake (DPoS) consensus algorithm.

ABBC Coin first entered the market in October 2018, opening at $0.3669. Shortly after, its price surged, reaching an all-time high of $2.05 on October 25, 2018. However, it then plummeted to an all-time low of $0.02939 on December 6, 2018. The following years saw significant price fluctuations, with peaks and troughs. In 2021, the coin experienced a notable increase, reaching highs of around $0.80 in early May, but later fell due to market concerns.

The ABBC network aims to boost retail adoption of cryptocurrencies by making online shopping with digital assets more convenient and secure. It offers a multi-platform wallet, an online shopping app, and a crypto exchange. The ABBC token has three main use cases: governance, rewarding, and staking. Holders of ABBC tokens can participate in decision-making processes, receive rewards for shopping online, and earn staking rewards.

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How ABBC Coin works

ABBC Coin (ABBC) is a cryptocurrency designed to facilitate secure and efficient payment transactions, particularly for online shopping. It operates on the EOSIO blockchain, which enables high transaction speeds of up to 5,000 transactions per second (TPS) while maintaining environmental sustainability through its delegated proof-of-stake (DPoS) consensus mechanism.

Key Features
  • Multi-Platform Wallet: ABBC offers a multi-platform wallet that supports various cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), as well as native cryptocurrencies and ERC-20 tokens. This wallet allows users to manage their digital assets across different platforms.

  • Online Shopping Application: The platform includes an online shopping application that enables users to shop at over 50 online retailers using cryptocurrencies. This application aims to make online shopping with digital assets safer and more enjoyable.

  • Cryptocurrency Exchange: ABBC also features a cryptocurrency exchange platform that offers secure trading and low transaction fees. This exchange allows users to buy, sell, and trade ABBC coins and other supported cryptocurrencies.

  • Governance and Voting: ABBC Coin holders have the ability to participate in the governance of the platform by delegating voting power to chosen block producers. These block producers can then vote on various governance proposals, such as strategic partnerships, new features, or regional expansions.

  • Reward System: ABBC coins can be staked to earn regular rewards, providing an incentive for users to hold and participate in the ecosystem.

  • Security: The platform uses a hybrid consensus mechanism that combines both proof-of-work (PoW) and proof-of-stake (PoS) systems. This approach enhances network reliability and minimizes the disadvantages of each system, making the ABBC token highly secure.

  • Biometric Identification: ABBC incorporates advanced biometric identification, including facial recognition technology, to ensure secure and seamless transactions. This technology, known as "Pay by Face," scans and analyzes over 30,000 points on a user's face to verify their identity.
Overall Functionality

The ABBC platform is designed to provide a comprehensive ecosystem for users to manage their digital assets, shop online, and participate in the governance of the platform. By integrating advanced security features, a user-friendly wallet, and a robust exchange, ABBC aims to make cryptocurrency transactions more accessible and convenient for a broader audience.

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ABBC Coin's strengths

The token ABBC Coin (ABBC) has several strengths that make it a notable player in the cryptocurrency market:

  1. Security: ABBC Coin uses a hybrid scheme that combines both Proof-of-Work (PoW) and Proof-of-Stake (PoS) systems, making it highly secure and resistant to hacking. The X13 algorithm used in the blockchain ensures that the token is one of the most secure cryptocurrencies in the world.

  2. Speed: The ABBC platform is capable of achieving up to 5,000 transactions per second (TPS), making it a fast and efficient payment solution.

  3. Environmental Friendliness: The delegated proof-of-stake (DPoS) consensus mechanism used by ABBC ensures that the platform is energy-efficient and environmentally friendly.

  1. Multi-Platform Wallet: ABBC offers a multi-platform wallet that supports various cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), as well as native cryptocurrencies and ERC-20 tokens.

  2. Governance: ABBC Coin holders have the ability to govern the development of the ABBC platform by delegating voting power to chosen block producers, allowing for community involvement in decision-making processes.

  3. Reward System: ABBC Coins can be staked for regular rewards, providing an incentive for users to participate in the platform.

  1. Facial Recognition Technology: ABBC incorporates facial recognition technology, known as "Pay by Face," which enhances the security and convenience of online transactions.

These strengths contribute to the overall value and potential of the ABBC Coin in the cryptocurrency market.

ABBC Coin's risks

ABBC Coin (ABBC) carries several financial risks that investors should be aware of before investing. These risks include:

  1. Market Volatility: Cryptocurrency markets are known for their volatility, and ABBC Coin is no exception. Prices can fluctuate rapidly, leading to significant losses if not managed properly.

  2. Risk of Financial Losses: Investing in ABBC Coin involves the risk of financial losses due to market downturns or other unforeseen events. It is essential to understand that past performance is no guarantee of future returns, and investors should only invest what they can afford to lose.

  3. Bearish Market: ABBC Coin has experienced significant price drops in the past, particularly during bearish market conditions. This highlights the importance of doing thorough research and considering market trends before investing.

  1. Regulatory Risks: Cryptocurrencies are still largely unregulated, and changes in regulatory environments can impact the value of ABBC Coin. Investors should stay informed about regulatory developments and their potential impact on the coin's value.

  2. Technical Risks: Technical issues, such as blockchain migration or wallet infrastructure problems, can also affect the value of ABBC Coin. Investors should be aware of these potential technical risks and their impact on the coin's performance.

  3. High-Risk Investment: Investing in ABBC Coin is considered a high-risk activity due to the inherent volatility of the cryptocurrency market. Investors should carefully assess their risk tolerance and financial situation before investing in ABBC Coin.

  1. Forward-Looking Statements: The whitepaper and other sources contain forward-looking statements that are subject to significant risks and uncertainties. These statements should be viewed with caution, as they may not accurately reflect future outcomes.

In summary, ABBC Coin carries a range of financial risks that investors should carefully consider before making any investment decisions. It is crucial to do thorough research, stay informed about market trends and regulatory developments, and only invest what you can afford to lose.

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Did ABBC Coin raise funds?

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ABBC Coin’s team

  • Jason Daniel Paul Philip: CEO and founder of ABBC Coin, a technology entrepreneur and blockchain expert.
  • Hassan Abbas: Co-founder of ABBC Coin, involved in the project's inception in 2017.
  • Arben Kane: Chief Strategic Officer, supporting the CEO in strategic decision-making.
  • Zeeshan Javeed: Chief Technology Officer, overseeing the technical development of the platform.
  • Suresh Kannan: Chief Marketing Officer, responsible for promoting the project and its token.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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