AbacasXchange ICO (ABCS)
Blockchain based freelance marketplace
Formation of liquidity chains creates greater opportunities for both buyers and sellers to be able to trade on disparate assets, yet this can only exist via an exchange framework that promotes the integrity of the process and various assets presented on the exchange. The AbacasXchange promotes the integrity of traded assets via a special set of rules and procedures that are referred to as "the Abacas Protocol".
The Abacas Protocol offers user identity; proof of provenance and proof of authenticity; asset proof of existence; low latency price discovery; custody and trust of the underlying asset of a digital token; low friction order entry; smart order linkage for cross-asset liquidity; value transfer over multiple blockchains; and integrated blockchain services for distributed and open workflow processing
Start Date
01 May, 2018
End Date
15 Jul, 2018
AbacasXchange Use of Token
The UMK token is UMKA's native token. UMK is an Ethereum based ERC20 token. UMK represents a security as well as an investition token. It grants its holder the rights to pursue their investment interests. There will be a total of 180 million UMK tokens. 55% of the total token amount will be offered for sale via the ICO, 15% will be reserved for bonuses, 10% will be awarded to the project's team, 10% will be allocated to a ""Reserve"", 5% will be awarded to the project's advisors, and 5% will be used for airdrops. Holding UMK tokens guarantees its holder a share in the platform's revenue. Token balance is displayed on the user's wallet, and rewards are directly proportional to the number of tokens held by a user.
Organization
AbacasXchange
Platform
Ethereum
Coin type
Utility Token
Category
Exchange
Soft cap
2,805,000
Max cap
32,187,500
Max supply
100,000,000 ABCS
Price
1.4
AbacasXchange Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
- Pre-Sale - Bonus level 1
- 01 May, 2019
- 14 June, 2019
- No limit
- 0.84
- 40
- Claim
- Pre-Sale - Bonus level 2
- 01 May, 2019
- 14 July, 2019
- No limit
- 0.98
- 30
- Claim
- Public sale - Bonus level 1
- 15 June, 2019
- 15 July, 2019
- 6,250,000 ABCS
- 1.12
- 20
- Claim
- Public sale - Bonus level 1
- 15 June, 2019
- 15 July, 2019
- 8,750,000 ABCS
- 1.26
- 10
- Claim
- Public sale - Bonus level 1
- 15 June, 2019
- 15 July, 2019
- 10,000,000 ABCS
- 1.4
- Claim
AbacasXchange Distribution
AbacasXchange Use of Proceeds
AbacasXchange Team Members
AbacasXchange Advisors
AbacasXchange Past Events
- 30 June, 2019
Prototype complete: Abacas trades tokenized asset
- 31 October, 2019
UI developed to angular 4/ typescript 2
- 30 June, 2019
Business engagements, foundation, community build, seeding external purveyors, legal structure, approved by abacas
- 30 June, 2019
65% Alpha release #1
- 31 August, 2019
Beta release #1
- 31 October, 2019
Release candidate #1
- 31 January, 2019
AbacasXchange launch