How handy would it be if you could pay quickly and easily in the store with crypto coins through facial recognition? Or when you can simply access your crypto wallet through facial recognition? These are some of the features of ABBC Coin, also known as Alibabacoin. We understand that this project may come across as very unclear due to the many features the platform offers. That is why we tell you evabbc-cryptoserything about this crypto project and the crypto coin of the same name in this article, so that you can determine for yourself whether ABBC Coin is a smart investment.
- 1 What is ABBC Coin?
- 2 The ABBC Coin . team
- 3 ABBC Coin’s platform
- 4 The History of ABBC Coin
- 5 The coin of ABBC Coin
- 6 Current exchange rate ABBC Coin
- 7 Where can I buy ABBC Coin?
- 8 How can I store my ABBC Coins?
- 9 Conclusion
What is ABBC Coin?
ABBC Coin (original name is Alibabacoin) is the digital crypto currency of an open source blockchain platform of Alibabacoin Foundation (a company based in the Middle East; it is different from Jack Ma’s Alibaba Group) and is called ABBC Blockchain. Blockchain ABBC was founded to develop the field of cryptocurrencies and has created a unique ecosystem of many different fields such as education, online shopping and electronic payment. So this platform is made for different people. It does not have one specific purpose.
The goal of Alibabacoin Foundation is to provide customers with an innovative, secure and simple technological approach to the cryptocurrency market. And with this new platform, people will rest assured that their personal information is private when they participate in the company’s platform. Using the ABBC Coin wallet will give people the flexibility to trade products within the platform. This is therefore one of the most used products of ABBC Coin.
The most unique feature that ABBC Coin brings is the facial recognition at checkout. Here ABBC Coin uses both blockchain and Artificial Intelligence (AI), to make payments easier and safer. So you have to use your face to verify identity. This feature has also been added to ABBC Coin’s wallet. For example, you can log in by means of facial recognition, and make transactions with this function.
The ABBC Coin . team
ABBC Coin is led by a team of experts with many years of experience in blockchain and other fields. The team consists of quite a few different people, with the following two team members who are the most important for this project:
- Jason Daniel Paul Philip (Founder and CEO). He has over 8 years of experience as a developer, technology entrepreneur and programmer on blockchain, crypto-currency and ICOs .
- Umer Abbas (ABBC Chief Technology Officer). He has over 12 years of experience in C# development, along with many other members of blockchain development, mobile applications, finance and marketing.
So it is clear that ABBC Coin is run by a team that knows what they are doing. And that is quite important for the chance of success. Because a project led by a team with little experience often has a low chance of success. So if you want to invest in a crypto coin, it is always important to take a look at who is on the team and what the experience of these people is. This way you avoid investing in a project that will probably not succeed, and will therefore cost you a lot of money.
ABBC Coin’s platform
The platform of Alibabacoin is very broad and can be used for different applications. We will discuss all the features of the platform below so that you know what the platform is actually all about.
Alibabacoin will be an innovative online learning platform covering a wide range of financial topics including trading, stock market, cryptocurrencies, financial analysis, wealth management and many more. Alibabacoin’s mission is to provide the educational and instructional materials they need to gain financial literacy.
Alibabacoin’s payment platform is a one-time payment solution for easy access and transfer of cryptocurrencies. Alibabacoin Foundation’s global payment network, which you can access from anywhere in the world, its own payment platform and global payment solution to ensure recipients receive money quickly and efficiently. The Alibabacoin HD Wallet solution will provide a way to use their personal information and unique features to create secure transactions, while at the same time creating unmarked signatures for stability. Anonymous transactions via blockchain.
Exchange, trade and invest
The Alibabacoin ecosystem was initially launched as an internal platform to develop facial recognition technology and payment solutions implemented with cryptocurrency markets and transactions. Alibabacoin has set the timeline to create a sharing platform where people can participate and trade cryptocurrencies. Alibabacoin has its own wallet and will provide the infrastructure for all trading and investment activities. The transactions and investments must be in a secure format to be rich and civilized, and Alibabacoin’s solutions will provide the best methods to secure an investment fund and also to distribute them proportionally.
This is a platform that allows users to pay with ABBC Coins when purchasing products in major online shopping centers through the ABBC platform. This will help users avoid exchange rate fluctuations and transaction fees when using credit cards or e-wallets such as Paypal if the consumers are from countries other than the currency. Shopping center support.
ABBC is a non-profit platform established to improve blockchain technology and share its financial benefits with the world.
Alibabacoin Foundation develops and creates applications to help you manage your money. In addition, to transfer any crypto currency value anywhere as quickly and easily as possible. In such great functions also comes with great security concerns. AlibabaCoin’s blockchain technology provides a secure and extremely convenient payment method without any privacy concerns.
The History of ABBC Coin
Let’s take a look at the key events of ABBC Coin from 2018 as seen. The history looks like this:
- Quarter 1 of 2018 : ABBC Coin Launches an ICO Campaign
- Quarter 2 of 2018 : ABBC Coin Completed the ICO Campaign
- January 6, 2018 : Release of the “Abbc Multi-Crypto Wallet” e-wallet. This wallet contains many different cryptocurrencies and is therefore also convenient to use for all crypto traders
- January 7, 2018 : Testing facial recognition on e-wallets
- January 8, 2018 : Allow miners to mine ABBC Coin
- January 9, 2018 : improvement of facial recognition within the wallet
- January 10, 2018 : launch of ABBC shops
- Quarter 3 of 2018 : the start of the PC wallet ( POS Open)
- January 11, 2018 : ABBC Coin is listed on at least 15 crypto exchanges
- January 12, 2018 : presentation ABBC payment solution
- Q1 2019 : ABBC’s Facial Recognition Technology Demonstrated in 20 Shopping Malls
- Q2 2019 : Launch of ABBC Coin’s Own Trading Platform Called ABX
As you can see, a lot has happened in 2018 and 2019. This is the time when the currency and the blockchain were still in full development. Unfortunately, not much is known about the future of the project. To find out more about this, it is best to keep an eye on the ABBC Coin website. The team behind this project regularly posts various updates about the project.
The coin of ABBC Coin
ABBC Coin cryptocurrency currently has a 24-hour trading volume of over $26 million. The market cap is over $350 million. The total number of coins that could eventually be in circulation is 1,500,000,000. Of these, more than 840,000,000 are already in circulation in May 2021, which is about 56% of the final total number of coins.
Ever since the inception of the cryptocurrency, it has experienced many fluctuations. For example, in the first weeks, the price went straight to a value of $1.2 per coin. The value then fell rapidly to $0.09, after which it continued to fluctuate between $0.01 and $0.03 for a year and a half. During the 2021 bull run, the price rose to a value of about $0.08, after which the price quickly fell again.
We can therefore conclude that the price of ABBC Coin has a lot of fluctuation. That is why there are also several crypto traders who have indicated not to venture into ABBC Coin. The gains in other cryptocurrencies are generally much higher, as the price can rise much faster there in a short period of time. We have not seen that with ABBC Coin so far. However, this could of course still come in the future. Therefore, do good research into this coin before investing in it.
Current exchange rate ABBC Coin
At the time of writing this article (May 20, 2021), ABBC Coin’s price was $0.2124. This coin is ranked 170th in CoinMarketCap ‘s ranking at the time of writing . There is a good chance that the ranking is now different.
Where can I buy ABBC Coin?
Do you want to buy the ABBC Coin? This is possible on various crypto exchanges , such as Binance , Coinmerce and Bitvavo . We recommend that you choose Binance or Bitvavo. These two crypto exchanges offer the best security and highest liquidity. Within a few clicks you have ABBC Coins in your possession.
It is also possible to buy ABBC Coins on a decentralized exchange, such as Uniswap , PancakeSwap or Sushiswap . As we said before, the chances of a purchase going wrong are much higher on a DEX. You have to go through many more steps, which are difficult for some to perform. That is why it is best to choose, for example, Bitvavo or Binance.
How can I store my ABBC Coins?
If you want to store ABBC Coin in a wallet, you can do this in most cases by using the wallet of the crypto exchange you use for your purchase. Think, for example, of the wallet of Binance or Bitvavo. It is also possible to store ABBC Coin in a MetaMask wallet, although you must add the Binance Chain to the wallet. If you do not do this, you will not be able to find the tokens in your MetaMask wallet. However, storing your tokens and coins in a software wallet (also called a hot wallet) is not the best and safest way.
Would you like to keep your ABBC Coin in a safe way? Then it is better to use a hardware wallet , which is also known as a cold wallet. These wallets are many times more secure than a hot wallet , because they can be disconnected from the internet. It is in fact a USB stick, which you can physically keep. By storing the hardware wallet in a safe, your ABBC Coins are protected against hackers. In that case, you must of course ensure that you do not lose your hardware wallet.
During its inception, ABBC Coin also released its own wallet on the phone called ‘ABBC Multi-Crypto Wallet’ which is the official wallet platform. It was created and supported by the project development team behind AABC Coin’s project.
ABBC Multi-Crypto Wallet is available for the IOS and Android operating system. You can simply create the ABBC wallet by downloading it on your mobile. Then follow the steps indicated in the app, after which you have successfully created your own ABBC wallet and can use it.
What you have just read is a nice overview of the cryptocurrency ABBC Coin, where you can buy the cryptocurrency itself and an explanation of how to create an ABBC Coin wallet. Hopefully, this article will help you gain more knowledge about ABBC Coin, as well as answer the question of whether investing in ABBC Coin is a wise choice or not.
However, ABBC Coin is not the only crypto project we write about. On our website you can find many more crypto projects about which we give you more information. And that is very useful for when you want to invest in crypto. Because before you invest, you want to be sure that it is a good investment.
Before investing, it is good to research the currency in question. And you can with our articles about different crypto coins. Hopefully we’ll see you at one of our other articles too!
Thanh Lanh Tran(1989) is Chief Editor from BitcoinUSD.com