ABEYCHAIN Receives Blockchain Of the Year Solution Award, Why It Is One Of The Strongest Players In The Emerging Industry
November 18 2021 - 10:20AM
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Launched in Q1, 2021, ABEY and its ecosystem took the market by
storm by becoming one of the fastest-growing projects in the crypto
and blockchain space. 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. During the event,
celebrated last November 16, ABEYCHAIN was awarded the Blockchain
Solution of the Year. The award was granted by a panel of experts
familiar with blockchain technology, and with community support.
The project has achieved a new milestone consolidating months of
exciting developments. Eman Pulis, a founder of SiGMA and 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, Co-Founder and Director of
the ABEY Foundation said: “This victory is an significant milestone
for our developers and the thousands of users who make up the ABEY
ecosystem. This prestigious recognition is the result of countless
hours of hard work from our ABEY team and the developers running
their apps on our blockchain. We are committed to growing the ABEY
ecosystem in order to bring our users the best solution that we
possibly can. 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. The platform records
140,000 users adding 10,000 active addresses on a monthly basis
during this period. More users have started interacting with
ABEYCHAIN after it introduced new features and capabilities. The
platform leverages a unique approach to the blockchain trilemma by
operating with a hybrid consensus mechanism that combines the best
of the Proof-of-Work and a Delegated Proof-of-State (DPoS)
algorithm. This has allowed eliminating the disadvantages that
affect top blockchains, like Bitcoin and Ethereum. The ABEYCHAIN
uses a DPoS Committee that keeps in check its PoW nodes to achieve
a high transaction throughput. This innovative model was amongst
the reasons the platform was granted the award. 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. ABEYCHAIN The Next Big Thing On The Crypto Scene? In
addition, The ABEY ecosystem has experienced an explosion in all
its fundamentals and use cases. Besides its native decentralized
exchange ABEY DEX, the platform allows its users to tokenize
assets, to liquidity mine to earn rewards, trade derivatives, and
more. In the future, ABEYCHAIN will deploy its own Non-Fungible
Token (NFT) platform, and a stablecoin called aCash Token (ACT)
that will give its users another tool to securely transact on the
network. The number of use cases and potential decentralized
applications (dApps) seem endless as this ecosystem continues to
attract developers from blockchains build with the classic
consensus model. ABEY was awarded the Blockchain Solution of the
Year and nominated to DeFi Project of the Year. In addition, ABEY
sponsored the Crypto Influencer of the Year award. If the project
continues its trajectory, this could be the first of several awards
to be won across the next decade.
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