BY Team CNA - August 1, 2018
Special Features 0
ABCC begins trading its native AT token
ABCC Exchange’s venture into the “Trade to Mine” (ToM) model has been an “outstanding success” says its founder.
The ToM model entails the reward of 40% of the total supply of the ABCC Tokens (AT) to members who trade on the ABCC exchange.
Calvin Cheng, CEO of ABCC Exchange, says since the exchange introduced its AT tokens on July 9, 2018, the mining performance spiked up and led their exchange to become the top 5th by trade volume at one point.
“We were astonished to see an overwhelming jump in trading volume, coupled with stable
growth, since the issuance of the AT token. I am certain that AT’s value will reflect its sustainable mining model and the confidence of ABCC users,” says Cheng.
He adds, “The philosophy of blockchain that we embrace – open, frictionless and participatory – inspires us to provide users with an unparalleled trading experience”.
This week, ABCC Exchange has started the trading of its own AT token by launching the following trading pairs – AT\USDT and AT\BTC, adding to the AT\ETH which was launched earlier.
Cheng says that the AT token is set to soar after an estimated $0.4 starting value as it makes
its highly anticipated trading debut on the blockchain network.
He explains that ABCC’s ambition is more than rewarding miners with AT.
“As a key component of the ABCC ecosystem blueprint, AT is the enabler of consensus among various stakeholders in creating shared value, bringing AT investors, AT Super Miners, API users, blockchain project teams and other partners together. Based on a shared faith in the value of AT, different participants will cooperate and exchange resources and value with each other to collectively build up a strong and long-lasting consensus.”
AT investors, namely members who hold AT, will have access to a wide range of benefits, including rewards, airdrops, private sale, listing votes and enhanced mining power via ToM.
Cheng says that 80% of daily trading fees is going to AT holders who support the network.
“Although the crypto market performance has seen fluctuations over the past few weeks, the trade volume spike that skyrocketed AT makes it one of the most promising platform tokens in the crypto marketplace,” adds Cheng.
ABCC utilises the bitcoin mining model — AT will be generated in a bitcoin-like mode to cap the natural inflation. So, every half-life period of 120 days, the number of tokens issued will be halved. It means that the total number of AT will never exceed 210 million.
“The ToM mechanism and bitcoin-like issuance and distribution make the system a win-win situation for all,” says Cheng.
He adds that the AT token will be embedded and integrated into various scenarios with multi-dimensional value propositions, as well as a medium through which different parties can share values in a
more open approach.
“This move was set to boost liquidity and prices over the long term, making AT one of the few platform tokens whose rewards can be predicted and whose value can be estimated based on a price earnings (PE) ratio. It also makes it currently the only
trading and mining platform token that minimises inflation in the long term,” he adds.
Cheng also says that while other
platform tokens experience a sharp drop in prices — increase in short-term but drop in long-term — by incorporating the “Platform Token 3.0 model” the AT value will go up in the long term and its stakeholders will enjoy its multi-dimensional values.
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