ABBC Coin has reached its maximum supply of 1.5 billion through staking. As such, ABBC Foundation will now solely focus on building ABBC Coin into the ‘future of payment security’.
Max supply unlocking the future
To clarify, max supply means there will not be more ABBC Coins minted, mined, or produced in any way in the future. Thus, we expect that ABBC Coin will become more scarce as its utility and use increase, which in turn will cause the coin value to appreciate in the long run. As such, ABBC Coin holders can confidently hold their coins knowing the best is yet to come.
The ABBC Coin project launched in 2017 with an aim to enhance e-commerce via a faster and cheaper payment solution. To achieve this, ABBC Coin has grown into a coin that makes online shopping and digital payments fun, secure, and easy.
In addition, ABBC Coin has partnered with several firms, organizations, and platforms that have fueled the growth and utility of not only the ABBC ecosystem but that of blockchain as a whole. For instance, ABBC Coin recently partnered with Buyaladdin, becoming a payment solution for one of the fastest-growing blockchain-based e-commerce platforms.
What is staking?
Blockchains utilize different methods to create new coins. One such method is a consensus mechanism called Delegated Proof of Stake (DPoS). DPoS allows miners to stake their coins in order to validate the information in a block. This process adds new blocks to the blockchain and creates new coins.
As such, the successful attainment of ABBC Coin maximum supply is a true reflection of the faith and confidence the ABBC community has in ABBC Coin.
