ABEY was launched in Q1 2021 and has since become one of the most popular projects in crypto and blockchain. The project’s progress was acknowledged at the AIBC Europe 2021 in Malta, an event that gathers thousands of investors and innovators from different sectors.
ABEYCHAIN won the Blockchain Solution of the year award at the November 16 event. This award was given by an expert panel and received with the support of community. This milestone is the culmination of months of excitement. Eman Pulis (founder of SiGMA) and the 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.”
Philipp Sauerborn was Co-Founder, Director and Chief Executive Officer of ABEY Foundation.
“This victory is an significant milestone for our developers and the thousands of users who make up the ABEY ecosystem. Our ABEY team has put in many hours and developed their apps using our blockchain to earn this honor. Our goal is to expand the ABEY ecosystem to offer our users the most efficient solution. We are so grateful AIBC and its expert panel of judges has noticed our passion and excellence.”
In Q3, 2021, ABEY’s growth started to become truly notable. ABEY has 140,000 active users and 10,000 new addresses each month. ABEYCHAIN’s new features have attracted more users to the platform.
This platform uses a novel approach to blockchain trilemma. It operates with a hybrid consensus mechanism, which combines the best of both the Proof-of Work (POW) and a Delegated Proof of State (DPoS), algorithm. This allows for the elimination of disadvantages common to top blockchains such as Ethereum and Bitcoin.
ABEYCHAIN has a DPoS Committee which keeps its PoW nodes under control to ensure high transaction throughput. The platform received the award for this innovative model. Pulis also said the following on ABEY’s recent accomplishment:
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.
Is ABEYCHAIN the Next Great Thing on The Crypto Scene
ABEY has seen an increase in its use cases and fundamentals. ABEY DEX is the native decentralized exchange. Users can tokenize assets to trade derivatives and earn rewards.
ABEYCHAIN’s future plans include a Non-Fungible Token Platform (NFT), as well as a stablecoin called aCash Token(ACT), which will provide its users with another way to transact securely on the network. As this ecosystem attracts developers who are familiar with blockchains built using the traditional consensus model, there is no shortage of potential use cases or decentralized apps (dApps).
ABEY won the Blockchain Solution of the Year award and was nominated for the DeFi Project of the Year. ABEY also sponsored the Crypto Influencer Award. This award could become the first in a series of awards that will be given to the project over the next decade, if it continues on its current trajectory.