The ABEYCHAIN blockchain network has been steadily making waves in the blockchain industry. Thanks to ABEYCHAIN’s multilayer blockchain architecture, developers can create innovative blockchain solutions that are highly scalable and secure.
Launched towards the end of 2020, its native token ABEY has experienced a 400% growth in value. As more companies start to use ABEYCHAIN, investors that buy ABEY token have a significant chance of making immense profits in the future.
With a new announcement today, even more users will have the opportunity to experience ABEY and the ecosystem surrounding it.
ABEY Token Listed on Liquid Global
The ABEY Token was listed today on the popular cryptocurrency exchange Liquid Global. The Japan-based exchange will list ABEY/USDT trading pairs and enable its user base of over 800,000 members to trade, swap, and exchange the token.
Members of the crypto community have praised this development due to the status of Liquid Global. Liquid Global is one of the oldest exchanges in the blockchain industry, having begun operations in 2014.
It provides trading services to over 100 countries and recently hit $1 billion trading volume for 2021. ABEY Foundation noted in a statement that the listing would bring about increased adoption and expose the token to new holders.
Real utility for developers
ABEYCHAIN is a blockchain protocol that is built for scalability, decentralization, and security. It combines the Proof of Work (POW) protocol and a delegated proof of stake (DPoS) system to create a hybrid consensus mechanism.
Developers are able to create innovative protocols and decentralized applications within a highly scalable system. Think of it as a group of travelers trying to force their way through a small pathway. If the biggest people move first, the rest have to wait until the path is completely free.
ABEYCHAIN is able to ensure that traffic runs smoothly by using its hybrid consensus mechanism. For example, its architecture can handle up to 10,000 transactions per second, while popular cryptocurrency Bitcoin can only handle five transactions per second.
This means that ABEYCHAIN is ultra-efficient and consumes less energy than other blockchain protocols. It is also more efficient than the popular smart contract network Ethereum, and more developers have jumped onboard ABEYCHAIN.
ABEYCHAIN 2.0 was launched in March 2021 with improved functions and features for users. The ABEYCHAIN ecosystem consists of a decentralized exchange XSwap that provides an environment for DeFi products and features.
Users can swap tokens on XSwap for the lowest transaction fees and slippage levels in the market. The DEX also supports yield farming, liquidity mining, lending, and staking features for DeFi enthusiasts to increase their portfolios.
Things get interesting with the ABEY Storage Network, a decentralized storage ecosystem where users can store data. The storage network features a native token called ABEY Storage Token (AST) that incentivizes storage miners. The token can be exchanged for Filecoin at 1:1 parity.
Adding to ABEYCHAIN ecosystem is its native stablecoin aCash Token (ACT). The stablecoin will be a major feature of the aPay Payment Service embedded within the ABEYCHAIN wallet. It has a stable mining mechanism and is pegged to the USDT.
ABEYCHAIN also features a dedicated NFT marketplace for creators to mint, list, and auction NFTs. ABEY Foundation has also stated that it would partner with leading brands to create exclusive NFTs to drive traction within the NFT marketplace.
Should you invest $1,000 in ABEY token right now?
The crypto market has many opportunities, and investing in the right coin could be the difference between success and failure. ABEY token has shown steady progression in its value since its launch in 2020. More than 100,000 users also use the ABEYCHAIN blockchain, indicating that the blockchain is considered one with huge potential. To learn more about ABEYCHAIN, visit the website at http://www.abey.com.