Review on ABCC by DAT VU TRAN

Name: ABCC
Item: ABCC
Rating: 5

February 02, 2019

While the crypto trading environment isn’t what it was in late 2017, the…

While the crypto trading environment isn’t what it was in late 2017, the recent volatility has certainly created an opportunity for new exciting platforms like ABCC to fill a void for traders.  One thing not previously mentioned is that ABCC Exchange aspires to list as many good projects as possible.  Unlike other exchanges that attempt to bleed companies dry, ABCC hopes to build strong partnerships and relationships with their listed clients.  Conducting business in this fashion allows both ABCC and the listed projects to grow and prosper together.
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Pros

By using ABCC SaaS solution, partners can focus on business development and save manpower and resources on developing a platform from scratch. There are five core products and services – diversified enough for partners to choose based on individual needs. High liquidity and low-security risk are the fundamentals of the ABCC exchange platform. “ABCC believes that the only way for the cryptocurrency industry to grow is through broad adoption. Cryptocurrency exchanges at the moment only offer a fraction of the liquidity of capital markets, but through ABCC cloud, we hope to increase the depth and breadth of liquidity by sharing our operating systems and technology with global partners. We cannot be in every market ourselves and strong local partnerships are needed.” – Calvin Cheng, CEO and Co-founder.

Cons

ABCC has stated that it will inform the preliminary date of voting to the public, following a detailed valuation of all the received applications. Regarding the voting rules, ABCC will open a payment address for every blockchain project qualified for community voting. To participate, users will have to deposit the project coin to this deposit address. The minimum deposit amount for each vote will be 0.05 ETH worth of the corresponding project Coin. The least deposit amount for each project denominated in the project coin will be formally confirmed when we announce the projects shortlisted for voting, as stated in the Legal Gambling and The law report.