ABCC Token

ABCC Digital Asset Exchange will issue ABCC Token (AT) on July 9th 2018 (UTC+8) as part of our User Incentive Plan.

1. What is ABCC Token?

ABCC Token (AT) is an ERC20 Token to be issued by ABCC Digital Asset Exchange. The total supply of AT is fixed at 210 million without any future offering.

2. Benefits of AT

AT is a blockchain-based token native to ABCC Digital Asset Exchange. Members holding AT will be able to get access to a wide range of benefits including but not limited to—

Using AT for various products and services on ABCC. For example, members can purchase other digital assets, pay transaction fees and gain preferential access to premium services with AT. 
Participating in various activities and campaigns on ABCC. ABCC will reward members who meet certain criteria. For example, members holding AT will share in 80% of trading commissions collected by ABCC. 
Participating in various activities such as community building, interaction between members and ABCC, proposing suggestions to ABCC and others. 
3. Initial Allocation

Below is a breakdown of the initial allocation of AT.

4. Issuance

We will adopt a mechanism called “Trade Contribution + Simultaneous Release” to issue AT.

4.1 Trade Contribution

In order to encourage our users to trade on ABCC, we have decided to reward our members with 50% of the total supply of AT.

Of the 50% rewarded to users, 4/5 (i.e. 40% of the total supply) will be used to reward members who trade on our exchange platform via the “Trade-to-Mine” (ToM) mechanism. The other 1/5 (i.e. 10% of the total supply) will be granted to users who traded prior to the issuance of AT.

4.1.1 Trade-to-Mine (ToM)

40% of the total supply of AT will be used to reward members who trade on our exchange platform via the “Trade-to-Mine” (ToM) mechanism.

Drawing inspirations from the Bitcoin mining model, we have adopted a similar inflation model for AT. In particular, the ToM mechanism includes two steps, i.e., “release” and “distribution”.