ABCC Token Mining Guide
Thanks to your support, we have received a great amount of applications for Genesis Miners . AT Mining will kick off 12pm tomorrow (9 Jul, UTC+8). The 2,000 Genesis Miners will enjoy three days exclusive mining privilege, while ToM will be open to all users from 12pm 12 July (UTC+8). Here is a must-read AT Mining FAQ:
What’s AT?
ABCC issues a total of 210 million AT with 50 percent released simultaneously. Investors will get 10 percent, 20 percent are intended for the team and a further 20 percent more will be reserved for platform. The remaining 50 percent will be generated for the trading contributions — 40 percent will be generated for current trading operations through the ToM mechanism and the last 10 percent will be rewards for historical platform users, started trading before the token issuance.
In the first cycle, 350,000 AT will be mined every day, in the second cycle, only 175,000 AT will be mined every day and so on. The total supply is fixed at 210 million ABCC Tokens. This makes AT more attractive.
What Do You Need To Know?
Initially, the price of AT is estimated to be $0.40 and it means that the undervalued capitalization is about $100 million. As is common practice in the financial industry, AT will be open for trading in two or three weeks after the mining activation — when 5 to 8 percent of the total supply will be released.
During that time more AT will be generated. The distribution model implies that one block of the blockchain will be generated every 6 hours, and released AT will be transferred to platform members per the percentage of their trading fees within that block. The rewards will be calculated after each block, so, users will see real-time mining stats — the fewer people are “mining” at that time, the more AT users will get by trading.
How to get AT?
You could mine AT via trading activities. Any trading pairs would do. During the trading activities, users will generate 0.1% transaction fee (buy + sell). Every six hours, miners get their proportional AT based on their trading fees out of the total trading fees ABCC collect.
Still a bit abstract? For example, suppose there are only 3 people, A B and C, mining in a block. A generates $20 fee, B generates $30 fee and C generates $50 fee. A gets 20% which are 17,500AT, B gets 30% which are 26,250AT while C gets 50% which are 43,750AT.
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How to Calculate Your Return?
AT’s price in the short-term depends on the supply and demand, while return on investment plays a key role in the long-run. If platform trading volume increases, trading fees and daily rewards will be driven upwards. For example, if we take the 50th day after mining activation, the potential trading volume of $100 million will generate $200,000 in trading fees. So the cost of AT acquisition will be $0.57, and AT price will be $0.82 if price/earnings (PE) ratio is 0.5 and $4.27 if PE ratio is 2.
On the other side, If trading volume grows steadily, AT price will grow in the long-run, because the growth rate of total AT amount slows down — 3 percent at day 30, 1.5 percent at day 60, 0.4 percent at day 120 and so on. The supposed trading volume is expected to grow by 2 percent every day, and Day 50 will be the tipping point. After that tipping point, the dynamics will turn to positive again.
The more users are trading, the less AT receives every one of them. Due to the lack of motivation, some of them will stop trading for a while, until it becomes profitable again. When the amount of AT, received by trading is becoming high again, it will attract more miners. In the long run, this kind of fluctuations will be almost imperceptible.
80% Trading Commissions Will Be Distributed?
Other than Trade-to-Mine mechanism, ABCC members who meet certain criteria will be rewarded. For example, members holding AT will share in 80% of trading commissions collected by platform, in the form of BTC, ETH and USDT and so on.
What About the 50% for Team, Investors and Platform?
20% of the total supply of AT have been allocated and will be released to the ABCC team. These AT will be subject to a lock-up period of three years, during which time the tokens will be unlocked gradually. 1/6 of AT allocated to the ABCC team will be unlocked six months after mining starts. Another 1/12 will be unlocked three months thereafter, and so on until all of the AT allocated to the ABCC team have been unlocked.
10% of the total supply of AT have been allocated and will be released to ABCC investors. These AT will be subject to a lock-up period of two years, during which time the tokens will be unlocked gradually, with the first batch to be unlocked six months after mining starts, and thereafter once every three months until all of the AT allocated to ABCC investors have been unlocked.
If you have any other questions, please feel free to drop us a line:
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