$ABT Token Is Getting Listed On The LCX Exchange

We are happy to announce the listing of $ABT Token. Starting on Thursday, 5th December, 2024 at 10 AM CET. LCX Exchange will support the $ABT Token. Deposits will start on – Starting on Thursday, 5th December, 2024 at 10 AM CET. The trading pair $ABT / EUR will be listed.

What is $ABT?

The ArcBlock Token (ABT) is native to the ArcBlock platform. To achieve high-performance transactions, we built an optimized blockchain dedicated to ArcBlock’s own token services and the public ledger. The design goal is to achieve >100,000 Tx/s, which is more than adequate for a wide range of applications. In the future this blockchain could be improved for broader purposes.

The ABT is designed as a general purpose token that can be used in different scenarios. Within ArcBlock, the ABT’s basic utility value is to pay for the cost of using the ArcBlock system. Like a cloud computing service, the ABT is a utility token for paying the cost associated with using the service.

ArcBlock is designed to let application providers pay the transaction fees for their end users. This approach vastly improves the user experience. Developers pay on a monthly basis, enabling them to add up small units and save money. ArcBlock also request developers to lock in a number of ABT token as a stake when they need to provide mission critical services.

ArcBlock tokens map to ERC20 tokens 1:1. This simplifies token exchanges and allows developers to tie into the Ethereum community. Application developers can take advantage of the existing ecosystem built on the ERC20 token while also leveraging a high-performance and full-featured token service. While this mapping is necessary today, we anticipate that it may become obsolete as the ABT matures and the ArcBlock community grows.

Users can sign up for an LCX Account here