Introduction
A digital asset can be said to be anything that exists in a binary format and comes with the right to use and data that do not possess that right are not considered assets. Digital assets include; digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or that will be be stored on digital appliances such as: laptops, personal computers, portable media players, tablets, storage devices, telecommunication devices etc. And apparatus which are, or will be in existence once technology progresses to accommodate for the conception of new modalities which would be able to carry digital assets not withstanding the proprietorship of the physical device onto which the digital asset is located.
About ABCC
ABCC goal is to build and nurture a blockchain-enabled digital asset platform which will be able to build bridges between digital asset users, developers and investors to facilitate effective information flow and value creation. They seek to help investors with great vision in digital asset to achieve their investment objectives and assist promising blockchain project teams secure funding and gain market recognition by providing, selecting, designing and operating innovative digital assets, and also investing in and supporting blockchain projects with high growth potential. Most importantly, ABCC goal is to promote a healthy and sustainable growth of the blockchain industry.
The Problems
There is a lack of prudent digital asset evaluation frameworks. While a lot of digital asset exchanges are increasing, not many of them have adopted a clear and systematic approach towards digital asset evaluation. With sometimes high listing fees, some digital asset listing decisions have been made from a commercial point of view rather than based on the quality of the assets itself.
Therefore, it is increasingly difficult and challenging to ensure that only selected high quality digital assets are presented and provided to investors.
Also, there is a shortage of varieties for digital assets. In comparison to traditional financial instruments, there is a shortage of variety for blockchain native digital assets. More complex and sophisticated investment vehicles such as margin trading, investment portfolios, futures, options and other asset-backed securities based on cryptocurrencies, are still emerging.
Security is another issue of utmost concern for investors and a challenging issue for blockchains on the infrastructure layer. Cryptocurrencies may suffer from different attacks such as the 51% Attack that is threatening the integrity and the foundation upon which the trust and consensus of blockchain technology are built. For instance, Verge, a cryptocurrency for users who value security and privacy suffered from a 51% attack due to a bug and as a result, it’s priceless dropped by 15% just in the first 24 hours after it’s attack.
Solution With ABCC
With blockchain technology disrupting a wide range of industries, ABCC is well positioned to solve the challenges presented and elaborated above. ABCC endeavor to provide a secure and convenient digital asset exchange platform with proven technological and operational capabilities.
Also, there are rigorous systems and procedures to ensure the safety and security of ABCC digital asset trading platform so that investors’ interests are safeguarded and protected fully.
ABCC plan to take an active role in early-stage blockchain projects by making strategic investments and providing incubation and enabling services because this will help projects with high growth potential to secure funding and gain market recognition while providing premium investment opportunities to the users. With features like crypto trading, fiat trading, margin trading and contract trading, this will be made possible.
ABCC Token Information
AT tokens will serve as the ABCC exchange native token and will be used for all transaction on the ABCC exchange platform, It is an exchange based token that was not premined at any poin in time, which means the total number of AT tokens are finite not unlimited. It important to ote that the ABCC token does operate a trade-to-mine consensus, which i will be treating in my next review.
ABCC Token Distribution
Meet The ABCC Advisors
Conclusion
ABCC aims to contribute to the healthy and sustainable growth of the blockchain and you can be a part of it.
For more information on the ABCC exchange platform, kindly visit the links below;
Website: https://abcc.com/
Whitepaper: https://i.abcc.com/overview/ABCC_Digital_Asset_Exchange-v1.0-en-20180701.pdf
Telegram: https://t.me/abcc_en
Authors Details
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