AbacasXchange ICO (ABCS)

Blockchain based freelance marketplace

The AbacasXchange is an innovative blockchain based ecosystem for the registry and peer-to-peer trading of tokens, mosaics, and low liquidity cryptocurrencies via high liquidity cryptocurrencies and tokenized assets, which are known as Gateway Assets (Bitcoin, Ethereum, etc). Via means of Gateway Assets, the AbacasXchange creates liquidity chains to interconnect three or more assets, and formulate a price between a pair of assets that may not exist anywhere else.
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

  • Mark VanRoon
    Mark VanRoon Founder, Principal & Head of Product Development
  • Vince Small
    Vince Small Founder, Principal & Head of Technology
  • Stoyan Vlahovski
    Stoyan Vlahovski Community Manager

AbacasXchange Advisors

  • Dylan Attwell-Duval
    Dylan Attwell-Duval Advisor
  • David Wong
    David Wong Advisor
  • Mohan Gandhi
    Mohan Gandhi Advisor
  • Jean-Baptiste Cebe
    Jean-Baptiste Cebe Advisor
  • Raghunathan Muralidharan
    Raghunathan Muralidharan Advisor
  • Tal Zander
    Tal Zander Advisor
  • Dan Raykhman
    Dan Raykhman Advisor

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