ABBC Coin

Overview

ABBC Coin was launched in 2017 as a cryptocurrency project initially focused on facial recognition technology for payments and e-commerce applications. The project has since pivoted multiple times, most recently positioning itself as a payment solution and digital asset.

Purpose and Utility

The current stated purpose of ABBC Coin is to serve as a payment method and digital asset within its ecosystem. The project claims to offer fast transactions and secure payments.

Business Model Evaluation

The business model appears to focus on basic payment functionality. There is no evidence of involvement in inherently haram activities like gambling, interest-based lending, or adult content.

Adoption and Usage

Current on-chain data shows very limited real-world adoption of ABBC for its stated payment purposes. Trading activity appears to be the primary use case. The project has announced various partnerships over the years, but verification of active implementation is difficult.

Development Activity

Public GitHub repositories show minimal recent technical development activity. The project maintains basic blockchain operations but significant new feature development is not evident.

Token Distribution

Token distribution information is not clearly published or regularly updated by the project team. Historical data suggests a significant portion was allocated to the founding team and early investors.