Review on ABCC by Ogulnar Annamuhammedova
ABCC - Next Generation Cryptocurrency Exchange
ABCC is a very young exchange, but according to the statistics of coingecko.com, it is already in the TOP30 in terms of trade turnover. A trading floor is registered in Singapore.
The crypto exchange appeared in 2018, notable for the fact that the advisers included such people as Zhang Lei (CEO of Yee, YeeCall), Cheng Weixing. Dream Seeker Capital, Funcity, BlockOrigin acted as early investors.
The exchange has its own token (AT), it is used to attract new customers and encourage already registered traders to make more trading operations. There are dozens of pairs for trading, new crypts are being added.
The site is only translated into Chinese and English. There is nothing superfluous in the design, you can figure it out even with minimal knowledge of English. The developers do not plan to translate into Russian.
Features of the crypto exchange
Let's list the trading conditions of the crypto exchange:
* more than 50 crypto pairs are supported. No cross, available
pairs of altcoins with Bitcoin, Ethereum and cryptocurrency
Tether;
* trading commission is 0.1% while the issue is in progress
own tokens of the trading platform, you can get it
compensation and trade without essentially paying for anything.
Only the commission will remain when withdrawing funds;
* fiat currency is not supported;
there is no mandatory requirement for customer verification if
the limit of 2 BTC per day for withdrawal suits, then you can work
without verification;
* has its own ABCC token, following the example of other crypto-exchanges
the developers released it for speed dialing
capitalization and increase in trade turnover.
In terms of trading conditions, ABCC is comparable to the top trading floors. And due to the ability to get rid of the trading commission (receive a rebate in the ABCC token), the crypto exchange looks very attractive.
Own ABCC token
The total issue is 210 million, the developers decided to copy the Bitcoin scheme for the distribution of coins. That is, every 120 days the difficulty of "mining" increases, and the block reward decreases. Due to this, over time, the value of the coins will grow.
The mining of tokens is carried out within the framework of the so-called Trade to Mine (ToM). Traders receive tokens as compensation for the trading commission, which encourages them to trade more actively. Taking into account the mining scheme and the reduction of the reward, mining will not end soon - it will take more than 700 days.
- The conclusion that ABCC is a great option for trading can also be made by how quickly the trading turnover grows. The dynamics of the exchange's own token rate is also encouraging, now there is a good opportunity to make money on it by participating in RoT.
- ABCC is a good exchange for most indicators. Among the shortcomings, it can be noted, perhaps, that it is not the best trading terminal, a relatively small number of coins and a lack of reputation in the cryptosphere. Don't forget that this is a beginner.
