ABCC is a Singapore-based online digital asset investment and trading platform launched in April 2018 with the concept of expanding the philosophy of blockchain technology and attracting more people to the cryptocurrency industry.
ABCC’s vision implies creating a world where cryptocurrency co-exists with traditional finance. Therefore, the company is taking all measures to show enterprises the possibilities of stablecoins and public blockchains for payments, commerce, and financial applications. At this, the team standing behind the project aims to develop the exchange by creating more value for its users while prioritizing the formation of a secure and seamless ecosystem for investors in digital assets.
The company offers multi-layer information security and personal data protection as it takes all measures to protect the investments of its users. To do that, ABCC conducts Vulnerability Assessment and Penetration Testing (VAPT) with various vendors every year. Also, new tokens are listed on the exchange only after passing a strict legal audit while the platform implements modern RegTech solutions to detect, prevent, and reduce attempts of money laundering and illegal activities. Finally, it includes an anti-phishing code in its emails to protect customers from phishing attempts and scams.
To protect users’ accounts, the exchange requires all customers to undergo a Know-Your-Customers verification process. It also offers them to enable 2-factor authentication (via Google Authenticator, phone, or email). To prevent thefts, cryptocurrency withdrawals may be subject to verification before approval as well. So far, all these security measures have successfully protected the exchange from hackers.
ABCC users can enjoy speedy transactions, multi-layer protection, transparent rewards distribution, and real-time block data. To gain access to all account services, as well as fiat deposits and withdrawals, users need to pass KYC verification.
The exchange provides fiat-to-crypto and crypto-to-crypto trading solutions in a trustworthy environment. Users can buy cryptocurrencies with USDT and USDC as well as with fiat through wire transfers and without having to rely on third-party apps, accounts, and wallets. In addition, the platform offers the OTC (over-the-counter) service. DeFi, Web 3.0, and NFT token trading are also available.
The ABCC Exchange Club is a place where members can meet online, get crypto education, share useful information, and learn how they can benefit from trading on the ABCC Exchange. Also, they have the opportunity to participate in discussions and polls, and to take part in various events.
API and quantitative trading are offered to professional traders to meet all their trading requirements. Also, the platform provides real-time market data on available currencies to keep users aware of market dynamics. Besides, the ABCC exchange uses a Trade-to-Mine (ToM) model when tokens are mined through transactions on the platform. This model does not require any computing power from users’ equipment.
ABCC supports 11 mainstream languages including Russian, Turkish, Spanish, Vietnamese, Hindi, Italian, Portuguese, and Traditional Chinese to attract users from around the world. What’s more, the platform is available as a mobile application for iOS and Android devices to give users easy and instant access to cryptocurrencies. It shows professional real-time market data and has the same functionality as the web version.
The ABCC token or AT is the native token of the platform. It runs on the Ethereum blockchain with the maximum supply being capped at 210 million coins. The release of tokens along with mining started on July 9, 2018. 50% of the tokens were reserved for team members and investors, 10% was distributed among the first users of the platform, and 40% of the total supply was released through mining. Besides, the token can be purchased on the ABCC exchange.
AT tokens are mined by conducting trading operations on the platform. The number of earned tokens directly depends on the number of transactions made by traders. The more transactions they make, the more tokens they receive.
AT investors have access to a wide range of benefits. First of all, they can participate in airdrops and private token sales of new tokens listed on ABCC. Also, AT holders can vote for coins to be listed on the platform. Finally, holding AT generates passive income as 80% of fees collected by the exchange are allocated between token holders.
ABCC uses USDT as the base currency to calculate the fees. The exchange charges both makers and takers 0.1% for non-API and 0.05% via API trading. Also, to encourage traders, the platform has launched a VIP program that allows them to reduce their fees or even eliminate them.
There is a $2 fee for fiat deposits and $25 for fiat withdrawals. In addition, banks processing wire transfers may charge their own fees. Cryptocurrency deposits are free while withdrawals are subject to commissions determined by assets.
The minimum withdrawal amount depends on the coin as well. For instance, you can withdraw a minimum of 0.001 BTC, 0.007545 ETH, or 0.8 USDT of BEP20 type. USD wire transfers may take 1-5 business days to process.
ABCC team and partners
The ABCC exchange was established by Alan Li, Calvin Cheng, and Vincent Yang, professionals in money services, cryptocurrency brokerage, and cryptocurrency media business. With over 10 years of experience in the technology business, Alan Li is also the founder and director of Quantech, one of Hong Kong's leading blockchain technology software and solutions providers. In 2020, he joined ABCC exchange as the new CEO. In 2021, Li was awarded the Rising Star of the Year by Fintech Awards Asia.
Calvin Cheng is a tech and media mogul who also participates in the board of directors of two online gaming startups. Experts such as Zhang lei (CEO of Yee and Yeecall), Weixing Chen (the founder of Kuaidi Dache), and Forrest Chen (the founder of NewsDog) are among the advisors of the project.
The exchange is backed by the Forbes 30 listed private investor Chen Weixin and investment funds, such as Funcity Capital, Dream Seeker Capital, and Block Origin Capital. In addition, it has established partnerships with several reliable financial technology firms, such as Circle Pay, EQI Bank, and First Digital to provide users and online businesses with secure USD deposit and withdrawal services.