ABEY Foundation oversees multiple things when it comes to the ABEYCHAIN technology including operations, and setting strategic direction among a few.
ABEY along with its ABEYCHAIN blockchain, one of the rapidly-growing blockchain systems in the world, just received new recognition. AIBC Europe 2021 Awards, 5th edition, which concluded in Malta, yesterday on November 16, honored ABEY as the proud winner of the Blockchain Solution of the Year.
“This victory is a significant milestone for our developers and the thousands of users who make up the ABEY ecosystem,” said Philipp Sauerborn, Co-Founder and Director of the ABEY Foundation, “This prestigious recognition is the result of countless hours of hard work from our ABEY team and the developers running their apps on our blockchain. We are committed to growing the ABEY ecosystem in order to bring our users the best solution that we possibly can. We are so grateful AIBC and its expert panel of judges has noticed our passion and excellence.”
The winners were decided by votes on the AIBC Summit website and by a team of judges with vast expertise in blockchain technology, practical usage.
Eman Pulis, group founder of SiGMA and owner of AIBC, said:
“Congratulations to ABEY for being awarded the AIBC Europe 2021 Blockchain Solution of the Year. AIBC is an intersection for excellence in the international blockchain community and we are thrilled to award this prestigious accolade to the ABEY Foundation. Your award was majority based on our expert judging panel’s evaluation, as well as a smaller component of public voting. Every developer running their dApps on ABEYCHAIN, every user of ABEY’s XSwap.com DEX, every holder of ABEY cryptocurrency should feel proud of your achievement.”AIBC Europe states on its website that the awards “reward leading players in the Emerging Tech industry in a celebration of achievement.”
AIBC’s expert judging panel defined the Blockchain Solution of the Year category as follows: “The blockchain industry has both matured and developed, having taken a huge lead from a tentative space to a fully-fledged industry. The huge potential to completely reshape the way businesses transact in the global economy has been a game changer.”
ABEY was even nominated for the DeFi Project of the Year. Moreover, it even financed Crypto Influencer of the Year awards. 10,000 new addresses every month since August 2021 are being added to ABEYCHAIN.
Decentralized applications may be built using smart contracts inside an ecosystem with an exceeding 140,000 members. From May this year, ABEY’s technology behind the blockchain provided to do more than ever before by offering new strong capabilities.
When the ABEYCHAIN was released in November this year, XSwap, a truly decentralized crypto exchange, debuted. In the first week of its debut, XSwap saw $60 million in value locked (TVL). The ABEY token is available on major DEX, Liquid Global. It was listed in September this year. The first platform being, ZBX.one With its expansion, ABEY has become a challenger to Ethereum, which is more widely used but less efficient.