ABCC Token Review

Hope you find this review useful everyone!

Introduction 1
Benefits 1
Issuance 2
Trade-to-mine 2
Distribution 2
Competitors 3
Team 3
Market 4
Conclusion 5

Introduction
ABCC, launched April 2018, is a Singapore-based exchange that already claimed to be the the first offering no trading fees.

ABCC aims to be a world-class exchange by providing the best trading experience.

Now ABCC decided to issue their ABCC token (AT) as part of their user incentive plan.

Benefits
Users holding AT will be able to access to a wide range of benefits like:
● Use AT for various products and services on ABCC
● Participating in activities and campaigns on ABCC

AT total supply is fixed at 210 million and the initial price will be set at $0.4 per token.

50% of the total supply will be rewarded to users:
● 40% for active trading users via “Trade-to-Mine” (ToM) mechanism
● 10% for trading users prior to AT issuance

AT tokens will start being issued on July 7.
 
Issuance
Trade-to-mine
“Trade-to-Mine” (ToM) mechanism was inspired by the Bitcoin mining inflation model.

AT follows a half-life decay pattern with 6 periods in total, each period being 120 days.

“Blocks” will be generated every 6 hours - a total of 4 blocks per day.

For example, the number of AT to be released for 1 block in the 1st half-life period: 42,000,000/120 / (24 hours / 6 hours) = 87,500.

Distribution
AT will be distributed in a block to members per the percentage of their trading fees within that block.
Competitors
Unlike recent, yet similar, controversial FCoin "trans-fee mining" model where users will eventually lose incentive to trade, ABCC trade-to-mine shares similar philosophy to Bitcoin mining, benefiting early adopters with guaranteed stable long-term growth.

Binance buys back BNB every quarter to burn while 40% AT will be generated from trading.

Team
The ABCC team consists of 20+ core members with backgrounds in internet businesses, finance, media, and business consulting.

ABCC was launched by a former member of parliament in Singapore. Calvin Cheng is also known for launching online learning platforms like Retech. Plus, Cheng is a senior advisor to Dragon Blockchain Investment Fund.

One of ABCC Investors, Dr. Michael Frendo, is a former minister of Foreign Affairs of Malta.
Market
Although ABCC decided to introduce 0.1% trading fees after AT opens for mining, 80% of the trading fees will be rewarded to users.

Just on the first 120 days, 350,000 AT tokens will be released every day - a total of $140,000 can be mined a day at the initial $0.4 price per token.

Early adopters have a chance to acquire a considerable amount of the initial tokens and earn passive income on the long term with the 80% trading fees rewards.

Just on the top 100 coinmarketcap coins there’s Binance coin, Bitshares, KuCoin Shares, Huobi Token, Bancor and Bibox.

The reason? Exchanges are one of the most profitable businesses in crypto currently, with real use case tokens and resilience to bearish markets, as recent technical analysis shows.

https://mobile.twitter.com/HighAltitudeInv/status/1009138125266751488/photo/1

On top, just with the initial market cap of $84 million, AT token has 19x gains potential if it manages to reach Binance’s coin current market cap of $1.63 billion.
Conclusion
ABCC exchange just started but it’s already making impact with its strategic base in Singapore, strong core members and advisors, zero trading fees, quicker transactions, and a new trade-to-mine AT token model.

Cryptocurrency exchanges are very profitable nowadays and as the cryptomarket is still in its infancy, ABCC has a good change to develop and grow into a relevant exchange.

Early adopters of ABCC new AT token model will be greatly rewarded if ABCC is to succeed, with the AT initial tokens, compared with the Bitcoin early days, plus the 80% trading fees.

ABCC exchange it’s worth a try as it’s free to register, use, and has other incentives for new users like mining referrals.