Recently, ABCC announced to issue its own token, ABCC Token (AT). The AT mining rules were officially revealed on the website a few days after that announcement.
We have summarised some interesting facts of AT mining to help you better understand what it is and how it is going to benefit users:
A reasonable appraisement: The total supply is fixed at 210 million. The initial price is $0.4. (Read More)That totals an estimation of 84 million dollars. As a well-operated exchange with 56 trading pairs and a 30 million dollars daily trading volume according to Coinhills, the number is fairly reasonable.
Bitcoin Mining model: 40% of AT will be released via mining, similar to Bitcoin mechanism. Mining is done via trading activities. The daily release of the coin is 700K in the first 120 days, divided to 4 blocks (6 hours per block) to be mined. Users get AT in proportion to the transaction fees they generate. The difficulty of mining doubles every 120 days.
Therefore, get ahead of others and become one of the first 2,000 Genesis Miners, to enjoy exclusive rights to mine the first few blocks: http://t.cn/RBFed5S
Distribution: 40% of AT will be released via Trade-to-Mine mechanism, 10% is saved for historical users as rewards (If you are an old user, congratulations!) while the remaining 50% for the team, the platform and the investors.
80% income as rewards: the platform will return 80% of its daily transaction fee to all AT holders.
APIs are not allowed: Out of individual miners’ interest, API users are excluded from the trading activities in the early stage.
Trade opens in 2–3 weeks after the activation of mining: To stabilize the token price and avoid manipulation, AT will not be available for trading until its circulation reaches 5–8% of the total supply. It is a common practice in the financial industry. Token holders probably need to wait for 2–3 weeks.
If you have missed Binance Coin when it was first issued, don’t miss the next big shot! Sign up now: http://t.cn/RBFed5S
Website: https://abcc.com/
About AT: https://abcc.com/about_at
Telegram EN: https://t.me/abcc_en
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