Announcements

Spend 1 ABBC Worth $100 when Purchasing Items at Buyaladdin!

Deposit your ABBC and shop with Usable ABBC worth $100 at Buyaladdin! Usable ABBC is ABBC that has a value of $100 each and can be used within the Buyaladdin app! For every 100,000 ABBC that you hold within Buyaladdin, 1 ABBC will be converted into 1 Usable ABBC that can be used to purchase items in Buyaladdin.

In detail, you can get Usable ABBC by holding 100,000 ABBC for 72 hours or more within the Buyaladdin app. After you hold your ABBC for 72 hours, you can be eligible for the Buyaladdin snapshots scheduled daily at 00:00 AM (UTC). We will calculate your Usable ABBC conversion based on how much ABBC you hold 24 hours after the snapshot.

Your deposited ABBC will be decreased by 1 ABBC every time you earn 1 Usable ABBC worth $100. Therefore, if you deposited 100,000 ABBC your current balance will be 99,999 ABBC after the conversion. You will need to replenish your balance to 100,000 ABBC, hold them for 72 hours, and wait for the 24-hour snapshot to convert another 1 Usable ABBC.

Example 1: Depositing ABBC  

  • You deposit 200,100 ABBC at 23:00 PM (UTC), on April 14, 2023. 
  • You hold it for 72 hours within the Buyaladdin application. 
  • Buyaladdin will take the snapshot at 00:00 AM (UTC), on April 18, 2023. (73 hours later). 
  • You will be eligible for 2 Usable ABBC (200,100 ABBC) at 00:00 AM (UTC), on April 19, 2023. (24 hours after the snapshot). 
    • You are left with 200,098 ABBC and 2 Usable ABBC.

Notably, there is no maximum limit to the amount of ABBC you can deposit at Buyaladdin. Therefore, if you deposit 10,000,000 ABBC, you will receive a converted 100 Usable ABBC each worth $100 that you can use at Buyaladdin.

Example 2: Holding ABBC for below 72 Hours

  • You deposit another 100,000 ABBC, giving you a total of 300,096 ABBC, at 01:00 AM (UTC), on April 20, 2023. 
  • You hold it for 72 hours within the Buyaladdin application. 
    • The snapshot will be taken on April 24, not April 23. Because at 00:00 AM (UTC), April 23, 2023, the ABBC will only be held for 71 hours. 
    • Meanwhile, your previous 200,100 ABBC will still be eligible for 2 ABBC every 24 hours from April 19 to April 24, 2023. 
      • By 00:00 AM (UTC), April 24, 2023, you will have 300,088 ABBC and 12 Usable ABBC. 
  • Buyaladdin will take the snapshot at 00:00 AM (UTC), on April 24, 2023. (95 hours later) 
  • You will be eligible for 3 Usable ABBC (300,088 ABBC) at 00:00 AM (UTC), on April 25, 2023. (24 hours after the snapshot). 
    • You are left with 300,085 ABBC and 15 Usable ABBC.

Example 3: Withdrawing ABBC 

Regardless of the amount you had when the snapshot was taken, we treat your request for an ABBC withdrawal as an automatic deduction from your balance and will calculate your Usable ABBC accordingly.

  • Buyaladdin takes a snapshot of your 300,085 ABBC at 00:00 AM (UTC), on April 26, 2023. 
  • You withdraw 100,000 ABBC at 07:00 AM (UTC), on April 26, 2023. 
    •  You are left with 200,082 ABBC and 18 Usable ABBC 
  • You will be eligible for only 2 ABBC (200,082 ABBC) instead of 3 Usable ABBC (300,082 ABBC) at 00:00 AM (UTC), on April 27, 2023. 
    • You are left with 200,080 ABBC and 20 Usable ABBC

Notes: 

* For convenience, we recommend you use Aladdin Pro Wallet to deposit and withdraw ABBC.

* When you deposit more ABBC, you must wait 72+ hours before Buyaladdin takes the snapshot.

*  To protect your assets, please keep in mind that you must only withdraw ABBC from Buyaladdin using wallets you have used to deposit ABBC. Although, it is not currently possible to withdraw ABBC using Exchange Wallets. 

* If you deposited ABBC using an Exchange Wallet, you will need to send the ABBC to your Aladdin Pro Wallet in order to withdraw your ABBC.

What to look forward to?

If you have deposited ABBC on Buyaladdin from April 2, 2023, you are already eligible for the 72-hour holding period. Please refer to the schedule below.

If you deposited ABBC before 00:00 AM (UTC), April 2, 2023.  

  • Snapshot at 00:00 AM (UTC) April 5, 2023 
  • Conversion at 00:00 AM (UTC) April 6, 2023

If you deposited ABBC between 00:00 AM (UTC) April 2 – 00:00 AM (UTC) April 3, 2023. 

  • Snapshot at 00:00 AM (UTC) April 6, 2023 
  • Conversion at 00:00 AM (UTC) April 7, 2023

If you deposited ABBC between 00:00 AM (UTC) April 3 – 00:00 AM (UTC) April 4, 2023. 

  • Snapshot at 00:00 AM (UTC) April 7, 2023 
  • Conversion at 00:00 AM (UTC) April 8, 2023

If you deposited ABBC between 00:00 AM (UTC) April 4 – 00:00 AM (UTC) April 5, 2023. 

  • Snapshot at 00:00 AM (UTC) April 8, 2023 
  • Conversion at 00:00 AM (UTC) April 9, 2023

Stay tuned for further updates on when you can start shopping using Usable ABBC via the official Buyaladdin Telegram channel and Genie Notification!

By subscribing to our social media accounts and Telegram channel, you can stay up to date on all of our upcoming projects. You can contact the ABBC support staff at [email protected] for any questions.

Notes

  • If you request to withdraw your full balance of ABBC from Buyaladdin, your Usable ABBC will be converted back to ABBC. 
  • Previous ABBC rewards at Buyaladdin will be deleted (referral rewards etc) in accordance with Buyaladdin’s Terms of Use. 
  • The Buyaladdin team will monitor Usable ABBC usage every 24 hours to be alert to violations and improper behavior.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe our newsletter

By subscribing our newsletter you will know all the latest updates about blockchain from us.

© 2020 All Rights Reserved. ABBC COIN
Contact Us : [email protected]