This article has been written by AlibabaCoin Foundation Representatives and is announced via official media channels. This is an official announcement by the AlibabaCoin Foundation.
As of today, Alibabacoin is currently holding an ICO online (www.abbcfoundation.com) and successfully recruiting a large amount of blockchain development fund both off and online. ABBC Foundation is a legally registered foundation based in Dubai, whose main offices are located in both Dubai and Belarus. They have over 100 official workers all around the world, currently developing the blockchain system as well as apps that will enhance their services in the near future.
An upcoming milestone of Alibabacoin’s development team would be the multi-crypto wallet which is under development by several of their development team members. They have their own technology regarding blockchain and are using the X13 algorithm for faster and safer transactions as well as hack safe crypto management. Alibabacoin is also the world’s first to come up with the idea of facial recognition data being encrypted into the blockchain system, making crypto payments safe and easier for the most part of the crypto population. The beta version will be open within the 2nd quarter this year. The company’s young, experienced, and talented developers have promised that their foundation will be owning a multi-crypto wallet with the most leading technology.
The ABBC coin is both POS and POW enabled, smart contract capable blockchain coin, and the company is currently developing miners to be distributed within a few months. POW mining will be a very profitable business tool, and they are testing everything in full speculation. The PC wallet will be released before the end of Q3, and thus they will be enabling both POS and POW mining. The X13 algorithm will allow the investors of this platform to profit in many ways. All transactions are decentralized, and safely secured via their ledger system. Exchange platform listing information is completely confidential, therefore currently Alibabacoin cannot release any announcement regarding the listings for now.
As for Alibabacoin’s international events, ICO Celebration Summit Events will be held soon in Dubai, Russia, Singapore, South Korea, and Japan within the next few months. Official dates will be posted via their official website. (www.abbcfoundation.com)
The platform has recently received many inquiries regarding the relationship between AlibabaCoin Foundation and the leading Chinese shopping platform, Alibaba.com. Alibabacoin Foundation is the owner of the ABBC Blockchain, and all its derived technology. They don’t have any particular correlation, affiliate, agreement, partnership, nor any contract whatsoever with Alibaba.com.
Alibabacoin’s spokesperson has also released an official statement regarding the same, “We are a separate entity, and we are currently working as a blockchain-specialized business promoter. We have discovered many malicious media reports claiming that our Foundation is a scam derived from the name of the Chinese online shopping mall brand. We are legally approved in both Dubai and Belarus, and therefore we will force legal actions necessary in case of further media attacks relating this issue. We hope that the world does not mistake the issue anymore. Our technology is simply the most progressive and the exhilarating development in the market”.
Alibabacoin’s official ICO is currently going through Stage 2, and it is planning to finish the ICO within the Q2 this year. Their ICO is currently registered legally under the laws of Belarus, and Alibabacoin is operating the platform in the safest way possible.