Dear users,
ABCC Digital Asset Exchange issued ABCC Token (AT) with a maximum supply of 210 million tokens. Genesis mining began at 12pm on July 9, 2018. 40% of AT are released and distributed via the “Trade-to-Mine” (ToM) Mechanism with another 50% of AT simultaneously released to the exchange platform, the ABCC team and investors. The remaining 10% of total supply was distributed to users who completed trades before 24:00, June 27, 2018 (UTC+8).
AT allocated to the ABCC team constitute 20% of the total supply. These AT are locked up for three years, during which time they will be gradually unlocked. The first unlocking event has been scheduled for Jan 5, 2019, upon which time 1/6 of AT held by the team will be unlocked. Another 1/12 will be unlocked three months thereafter, and so on until all of the AT allocated to the ABCC team have been unlocked, that is, 1/12 of AT held by ABCC team will unlock every 3 months until all have been unlocked.
AT allocated to investors constitute 10% of the total supply. These AT are locked up for two years, during which time they will be gradually unlocked. The first unlocking event has been scheduled for Jan 5, 2019, upon which time 1/4 of AT held by investors will be unlocked. Another 1/8 will be unlocked three months thereafter, and so on until all of the AT allocated to investors have been unlocked, that is, 1/8 of AT held by investors will unlock every 3 months until all have been unlocked.
Rewards for historical trades constitute 10% of the total supply. These AT will be unlocked on Jan 5, 2019.
AT still under lock-up will not be available for trading.
Please note all quoted times are in the following time zone: UTC+8.
Read more about Rewards for Historical Trades.
Read more about AT.
ABCC Team
19/12/2018
Comments
0 comments
Article is closed for comments.