ABEYCHAIN, a novel hybrid blockchain that combines the advantages of Delegated Proof-of-Stake (DPoS) and Proof-of-Work (PoW) consensus algorithms, introduces its core native asset, the ABEY token, to the multi-million user base of top-tier exchange Liquid Global.
ABEY Token is now available on Liquid. What is the significance of this?
According to the ABEY team’s most recent announcement, its ABEY utility and governance token is now available on Liquid, a top-tier Japan-based centralized cryptocurrency exchange.
The ABEY/Tether pair will be added to the Liquid exchange during the first phase of the partnership. Trading against the most liquid stablecoin in the entire blockchain segment will give ABEYCHAIN’s adoption flywheel a proper spin. Liquid is well-known for its large and devoted fan base.
The Liquid exchange, which debuted in Japan in 2014, is now ranked among the top 20 exchanges in the world in terms of daily spot trading volume. The platform’s popularity stems primarily from its unrivaled Japanese yen liquidity.
As of the third quarter of 2021, the Liquid exchange had over 800,000 clients from over 100 countries. In 2021, the platform recorded a daily trading volume of more than $1.1 billion, a new high. The top three trading pairs are BTC/JPY, XRP/JPY, and ETH/JPY, and they account for 90% of the platform’s trading volume.
The ABEY Foundation values this announcement because it reaffirms ABEYCHAIN’s global adoption strategy:
This listing on Liquid will mark a new milestone for the ABEY Foundation as it strives to make the ABEY token more accessible to people all over the world.
Another top-tier exchange, ZBX, recently listed the ABEY Foundation’s ABEY token. The creators are ecstatic about the growth: its price in the USDT pair has increased more than 400% since the listing.
ABEYCHAIN explains: what’s under the hood of the world’s fastest-growing blockchain
ABEY is the foundation of ABEYCHAIN’s tokenomics, a one-of-a-kind hybrid blockchain combining PoW and DPoS elements. The ABEY Foundation employs such a combination to address the so-called “blockchain trilemma” of decentralization, security, and efficiency: the PoW/DPoS consensus ensures very low transactional latency without sacrificing security.
ABEYCHAIN employs a multi-layer infrastructure, with one “slow chain” and multiple “fast chains.” A plethora of “fast chains” open the door to limitless scalability opportunities.
Stress tests have shown that ABEYCHAIN can handle more than 10,000 transactions per second without experiencing significant delays.
ABEYCHAIN’s modular design enables it to easily connect to various blockchains: native assets from different blockchains can thus be seamlessly transferred via its tools.
ABEYCHAIN’s product line includes the following items: a DeFi hub and data storage.
Because of its impressive scalability and interoperability, ABEYCHAIN has become an ideal environment for the deployment of decentralized applications (dApps).ABEYCHAIN prioritizes the onboarding of dApps: its team promotes its developers’ experience as a truly welcoming one. XSWAP.com, a well-known DeFi hub, is one of the ecosystem’s most important applications. This hub can be used to launch all of the most recent DeFi practices, such as staking modules, ‘yield farming’ tools, and lending/borrowing instruments.