This week, the ABBC Coin crypto asset will be listed on Indodax. Open deposit will start on October 21, 2021 at 14:00 WIB and open trading will start on October 22, 2021 also at 14:00 WIB.
Curious? Take it easy, because before buying, it is important for you to find the background of a project so that you can have the most suitable crypto asset. And this time, Indodax Academy will share and you can read this article to know more.
What is ABC Coin?
ABBC is a blockchain platform that enables secure payment transactions, helps facilitate retail adoption of cryptocurrencies and makes online shopping with digital assets a safer and more enjoyable experience for end users.
The platform offers three main products: a multi-platform wallet capable of supporting Bitcoin (BTC) and Ethereum (ETH), in addition to various other native cryptocurrencies and ERC-20 tokens; an online shopping application that can be used to shop at more than 50 online retailers with cryptocurrency; and a cryptocurrency exchange platform that offers secure trading and low transaction fees.
ABBC Coin was created to give holders the ability to regulate the development of their platform by delegating voting rights to selected block producers (BPs) — who can then vote on governance proposals. These governance proposals may cover a wide range of topics but may include launching strategic partnerships, implementing new features, or expanding ABCC services into new territories.
ABBC is currently based on the EOSIO blockchain, which allows it to achieve up to 5,000 transactions per second (TPS) while remaining eco-friendly due to its energy-efficient delegated proof of stake consensus (DPoS) mechanism.
ABBC was originally known as Alibabacoin but changed its name in March 2019 following a dispute with Chinese multinational e-commerce giant Alibaba.
Who is the Founder?
Co-founded by Jason Daniel Paul Philip, the platform’s current CEO, along with Zeeshan Javeed, the current CTO.
What Makes It Unique?
Its main mission is to facilitate fast, efficient and secure online retail through the utilization of blockchain technology. Small to medium sized markets can greatly benefit from reduced payment processing fees and access to additional global markets offered by ABBC Coin, according to their team.
Although it started as a Bitcoin (BTC) fork, it switched to the EOSIO blockchain in August 2019. The main benefit of the EOSIO software is that the amount of available bandwidth is independent of the token price, making it suitable for scaling platforms like ABC Coin.
In addition, ABBC focuses on achieving full decentralization through community governance. In addition to the current team, ABBC Coin holders have delegated voting rights so others can vote on their behalf. Block producers (BP) can vote on its governance proposals, helping shape the development and future of ABBC Coin.
ABBC Coin works on top of its Mainnet system. Its current CoinMarketCap rating is #429, with an immediate market cap of $94,171,639 USD and has an outstanding supply of 853,636,333 coins and max. supply 1,500,000,000 coins.
How to Buy ABBC Crypto Assets on Indodax
For those of you who want to buy ABBC crypto assets, you can buy them on Indodax starting October 22, 2021 at 14:00 WIB. Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, you can return to the market
- Search ABBC in the Rupiah market then click
- After entering, all you have to do is buy by filling in the balance and at what price you want to buy ABCC. You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell at a higher price with the instant method
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.