Calvin Cheng Message

Recap: ABCC One Year Anniversary

Take a trip down memory lane with us 

One year can seem quite a long time in the Cryptocurrency space. Which is why we are proud to have reached this One Year milestone with you. While almost everyone in the Crypto space is forward-looking, let us look back at our one year journey thus far. 

Our Key Achievements Thus Far

Bull or bear market, our users have been and continues to be our main priority. Let us take a look at some of the key milestones we have achieved during this one year.

  • ~100,000 Active Userstrading on ABCC Exchange
  • ~$60 Million USD 24 hr trading volumeon average
  • ~130 Listed Trading Pairs
  • We serve users from 8 different regions– CIS, China, Korea, USA, Japan, Spain, Turkey, and Vietnam 
  • 160+ Global Ambassadors 
  • Partnership with TRON —  Listing of TRON projects and addition of TRX as a base currency 
  • Launch of ABCC Hive, our IEO platform 

These key achievements were only made possible because of you! Let us look at a select few achievements in more detail.

ABCC Hive- Propelling Promising Projects

2019 saw the rise of the Initial Exchange Offering (IEO) and the launch of ABCC Hive, our native platform used to introduce users to projects with strong potential. For projects looking to do an IEO on ABCC Hive, please read this guidefor a smooth application process. 

Our first project, AIVIA, had a successful IEO over a two day period. AT was the only accepted form of payment for this IEO, introducing a new utility function for the AT token. We also introduced the Batch Release Mechanism to reduce the price volatility of the token after listing. 

Which project do you think we should launch next? Apply hereif you think you fit our criteria. 

ABCC Bonanza- Celebrating One Year

For the month of April, we hosted ABCC Bonanza with 3 massive giveaways to users. These campaigns revolved around AT, our native token. A summary of the campaigns are as follows:

  • April Fool’s Campaign: Users had to guess the cumulative trading volume of AT from 1 April to 7 April, with the eventual trading volume being USD $3,501,370  
  • Mystery Box Celebration: We would not have achieved success without strong support from our partners. To acknowledge our partners support, we hosted a mystery box celebration, whereby users who traded 10 selected trading pairs stood a chance to win gift boxes containing AT
  • Hodl and Win: Last but definitely not the least, we held a raffle draw for the final campaign of ABCC Bonanza. Users who held the most AT during the campaign period had the most number of raffle tickets in the draw. This campaign served a reminder to all AT holders- Hodl AT and you will win!

ABCC x TRON Partnership 

The TRON partnership was the first major partnership we secured in 2019. Within these first few months, we have made significant developments with TRON. You can find a full recap here

It all started with a retweetfrom Justin Sun, TRON’s CEO.

Since then, we have seen the following developments with TRON:

  • Listing of 7 TRON projectsand counting
  • Addition of TRX as a base currencyon ABCC Exchange 
  • Gave away 205 TRX Candy Boxes for frequent traders of TRON
  • Support for the launch of USDT-TRON

We have more upcoming developments with TRON, so stay tuned for more!

Moving Towards Regulation

During this one year, we have made strategic moves towards adapting to regulation amidst an uncertain regulatory environment as well as impending legislation in various jurisdictions. In 2019, our legal team moved towards adapting to the “Singapore Payment Services Bill”that was passed. 

In addition to our headquarters in Singapore, we are expanding to other regions. We are in the midst of our application for Distributed Ledger Technology License (DLT) in Malta and Gibraltar. 

These moves will make us well positioned for any regulatory changes or imposition of laws on digital assets. 

To Another Year Ahead

Thank you for the one year journey with us! With the continuing expansion of the Blockchain and Cryptocurrency industry, our upcoming plans and with your support we are certain the next year will be an exciting one. 

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