When was ABT coin issued?

ABT coin, the native token of the ArcBlock decentralized blockchain platform, was issued through an initial coin offering (ICO) in May 2018.

Nov 20, 2024 at 08:30 pm

When Was ABT Coin Issued?

ABT coin, the native token of the ArcBlock decentralized blockchain platform, was issued in May 2018 through an initial coin offering (ICO). The ICO raised $30 million, and ABT coin was subsequently listed on several cryptocurrency exchanges.

ArcBlock: An Overview

ArcBlock is a decentralized blockchain platform that provides developers with tools and services to build and deploy decentralized applications (dApps) that leverage blockchain technology.

1. Benefits of Using ArcBlock:

   • Tools and Services: ArcBlock offers a suite of tools and services that enable developers to quickly and easily develop and deploy dApps.
   • Simplicity and User-Friendliness: ArcBlock's platform is designed to be simple and user-friendly, making it accessible to developers of all experience levels.
   • Blockchain Agnostic: ArcBlock is blockchain agnostic, meaning that developers can use it to build dApps that can run independently of existing blockchains or seamlessly integrate with other blockchains.

2. ArcBlock's Architecture and Key Features:

   • ABT Coin: ABT coin is the native token of the ArcBlock platform. It is used to pay for transaction fees, participate in governance, and access premium features.
   • ABT Protocol: The ABT protocol is responsible for managing the issuance and transfer of ABT coins.
   • ArcBlock Platform: The ArcBlock platform includes several components, such as the Block Store, which provides secure data storage, and the Transaction Queue, which enables faster transaction processing.

3. Applications of ArcBlock:

   • Supply Chain Management: ArcBlock can be used to track and manage supply chains, ensuring transparency and improving efficiency.
   • Digital Identity: ArcBlock can be used to create digital identities, enabling secure and verifiable interactions between individuals and organizations.
   • Decentralized Finance (DeFi): ArcBlock can be used to build and deploy DeFi applications, such as lending platforms and decentralized exchanges.

4. Market Performance of ABT Coin:

   • Initial Coin Offering (ICO): ABT coin was initially offered at $0.10 during its ICO in May 2018.
   • Peak Price: ABT coin reached its peak price of $0.60 in May 2018.
   • Current Price: As of March 2023, ABT coin is trading at approximately $0.01.

5. Factors Affecting the Price of ABT Coin:

   • Utility: The utility of ABT coin and its adoption by developers is a major factor influencing its price.
   • Demand and Supply: The demand for ABT coin, driven by its use cases and speculative investment, affects its price in relation to its supply.
   • Market Sentiment: Overall market sentiment towards cryptocurrencies and blockchain technology can impact the price of ABT coin.

6. Future Outlook for ABT Coin:

   • Increased Adoption: As ArcBlock's platform gains wider adoption, the demand for ABT coin is expected to increase.
   • Growing Industry: The growth of the crypto industry and the increasing use cases for blockchain technology are expected to support the long-term value of ABT coin.
   • Platform Development: Further development and improvement of the ArcBlock platform with new features and use cases will positively impact the demand for ABT coin.