ABBC is a blockchain platform designed to enable secure payment transactions, thereby promoting the retail adoption of cryptocurrencies and enhancing the online shopping experience with digital assets for end-users. The platform provides three key products: a multi-platform wallet that supports Bitcoin (BTC), Ethereum (ETH), and a wide range of other native cryptocurrencies and ERC-20 tokens; an online shopping application that allows users to shop with cryptocurrencies at over 50 online retailers; and a cryptocurrency exchange platform offering secure trading and low transaction fees. ABBC Coin was developed to empower holders with the ability to influence the development of the ABBC platform by assigning voting power to selected block producers (BPs), who can then vote on governance proposals. These proposals can cover various topics, such as launching strategic partnerships, implementing new features, or expanding ABBC's services to new regions. Furthermore, ABBC Coins serve as a reward system for online shoppers and can be staked to earn regular rewards. Currently, ABBC operates on the EOSIO blockchain, enabling it to achieve up to 5,000 transactions per second (TPS) while maintaining environmental sustainability through its energy-efficient delegated proof-of-stake (DPoS) consensus mechanism. Initially known as Alibabacoin, ABBC Coin underwent a name change in March 2019 following a dispute with the Chinese multinational e-commerce corporation Alibaba.

ABBC Coin was co-founded by Jason Daniel Paul Philip, the platform's current CEO, along with Hasan Abbas, who is the current CTO. Jason Daniel Paul Philip is a seasoned full-stack developer with expertise in both Javascript and C#. He is also a proficient blockchain developer and serves as M&A manager at TNC Group, a blockchain service solution provider. In contrast, Hasan Abbas maintains a low online presence, and details about his background are limited. Arben Kane serves as ABBC's global Chief Strategy Officer and is also the founder and CEO of Kontur, a global provider of SaaS-based critical event management solutions. G.W. Lee holds the position of CSO for ABBC Coin, while Zeeshan Javeed oversees technological development and solutions for the ABBC Foundation. The ABBC team comprises 23 members in its blockchain development team, 15 individuals in its marketing team, four members in the blockchain security team, and three in its finance team.

The primary objective of ABBC is to enable fast, efficient, and secure online retail using blockchain technology. According to their team, small to medium-sized marketplaces can significantly benefit from reduced payment processing fees and expanded access to global markets provided by ABBC Coin. Initially launched as a fork of Bitcoin (BTC), ABBC transitioned to the EOSIO blockchain in August 2019. A key advantage of the EOSIO software is that the available bandwidth is not dependent on the token price, making it ideal for scaling platforms such as ABBC Coin. Furthermore, ABBC is committed to achieving full decentralization through community governance. Alongside the current team, holders of the ABBC Coin token possess voting power, which they can delegate to others to vote on their behalf. Block Producers (BP) have the ability to vote on ABBC's governance proposals, contributing to the development and future direction of ABBC Coin.

ABBC Coin has a total supply capped at 1,423,973,934 ABBC. Currently, just under half of this amount is in circulation. ABBC Coin differs from many blockchain projects with its straightforward token distribution plan. During the token generation event (TGE), 80% of the tokens were allocated to investors, while 20% were designated for the project authors and team. However, as of November 2020, detailed information regarding the distribution conditions and use of these tokens by the ABBC Foundation and team has not been publicly disclosed. The project conducted an initial coin offering (ICO) in 2018, successfully raising approximately $3.5 million. ABBC Coins were sold at a price of 0.00025 BTC per token, equivalent to roughly $1.60 each at the time of the sale.

ABBC Coin was initially forked from Bitcoin, but later transitioned to the EOSIO blockchain. Consequently, it now utilizes the EOSIO DPoS consensus algorithm to secure its network. This algorithm is capable of validating transactions more quickly and efficiently than the original proof-of-work (POW) consensus algorithm and also benefits from stake-weighted voting capabilities, facilitating community-driven development and growth for ABBC Coin. With ABBC Coin, any token holder can vote for block producers (BPs) responsible for achieving consensus with other BPs, helping to ensure the network remains secure and that only valid transactions are confirmed. By allowing the community to vote to add, change, or remove block producers, ABBC empowers token holders to support entities they believe will work in the best interests of the network.

ABBC has been publicly traded since 2018 and is now listed on a diverse range of exchange platforms, such as BitMax, Bithumb, and Hotbit. Currently, ABBC can only be traded against Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). There are no fiat trading pairs available for ABBC Coin at this time. For guidance on purchasing other cryptocurrencies using your debit or credit card, please refer to our straightforward guide — here.