SINGAPORE - Media OutReach - July3, 2018 - ABCC, the world-class cryptocurrency exchange, recently announced theissuance of its platform token, ABCC Token (AT), to reward its platformmembers. The project guideline outlined the detailed mechanism.

Set to be issued on 9 July 2018, AT is an ERC20 Tokendesigned and used solely on the Ethereum platform with a fixed total supply of210 million. Its initial price will be set at $0.4 per token. API users areexcluded from the early stage trading in order to maximise the benefits forindividual users.

Trade-to-Mine

ABCC adopts a mechanism called "Trade Contribution +Simultaneous Release" to issue its AT, i.e. 50% of the total AT supply will berewarded to users, while the remaining 50% are saved for the platform, team andinvestors. Out of the 50% for users, 40% will be used to reward users who tradeon ABCC via the Trade-to-Mine (ToM) mechanism. Users will mine AT via tradingactivities and receive AT as rewards in proportion to their trading fee.

AT Release andTrading

Inspired by Bitcoin Mining, AT mining rules follow ahalf-life decay pattern. There are six half-life periods in total with eachperiod being 120 days. Within each half-life period, each "block" will begenerated every six hours, while the same amount of AT will be released foreach block within the same half-life period. In the first 120 days after miningactivity starts, 87,500 AT within one block will be released every six hours.

Following common practices of the financial industry, ATwill start trading on the platform two to three weeks after the miningactivation, when its circulation reaches 5-8% of the total supply to stabiliseprice and avoid manipulation. 

Mining ReferralProgram

ABCC has launched its Referral Program a week ago. Itwill be upgraded to Mining Referral Program after mining activation. All userswho participate in the Mining Referral Program will enjoy additional rewards asfollows:

• Earn 20% of rewards received by invited friends who ToMon ABCC;
• Earn 10% of rewards received by friends of friends whoToM on ABCC;
• Friends who have been invited will receive extra 10%rewards when they ToM on ABCC.

ABCC embraces the Bitcoin mining philosophy and applies thisto its AT mining rules. Taking into consideration that Binance Coin was issuedat $0.1553 and valued at $14.16 at the time of writing, AT has a long butbright way to go.

In the lead up to the AT issuance, ABCC is recruiting 2,000Genesis Miners who will enjoy exclusive rights to mine the first few blockswhen ToM starts. Registration is still open via https://t.cn/RBFed5S

ABCC is founded by Calvin Cheng, a technology and mediamagnate, and other co-founders with a broad range of experience and track record inInternet, financial services, and management consulting. Its advisor team includes Dr. MichaelFrendo, Former Minister of Foreign Affairs of Malta, Zhang Lei, the CEO of Yeeand YeeCall, Forrest Chen,  CEO &founder of NewsDog, and Weixing Chen, Chairman of the Board at Funcity Holdingand Funcity Capital, founder of Kuaidi Dache.

Read more about AT: https://abcc.com/about_at

For moreinformation, visit ABCC's official website at https://abcc.com/ and otherofficial social media handles at:

Twitter:@ABCC_Exchange

Facebook: ABCCExchange

Medium:https://medium.com/@abcc.com

Telegram:

Telegram EN:t.me/abcc_en

Telegram RU:t.me/abcc_ru

Telegram CN:t.me/abcc_cn

Telegram KO:t.me/abcc_ko

Telegram JP:t.me/abcc_jp

About Company

ABCC is a world-class cryptocurrency exchange,aiming to provide a frictionless, user-centric trading experience. It embracesthe philosophy of blockchain --open, frictionless and participatory. ABCC wasfounded by Calvin Cheng, a technology and media magnate, and other co-founderswith a broad range of experience and track record at some of the mostsuccessful Internet, financial services and management consulting firms. Theadvisor team includes Dr. Michael Frendo, Former Minister of Foreign Affairs ofMalta, Zhang Lei, the CEO of Yee and YeeCall, Forrest Chen,  CEO & founder of NewsDog, and WeixingChen, Chairman of the Board at Funcity Holding and Funcity Capital, founder ofKuaidi Dache. It was also invested by Funcity Capital, Dream Seeker Capital andBlockOrigin.