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Author Topic: A mechanism of sharing profit from trading fees  (Read 168 times)
Black_bl
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July 03, 2018, 08:47:05 PM
Last edit: July 09, 2018, 01:04:55 PM by Black_bl
 #1

Hey guys,
Is there anyone, who has experience in ABCC exchange? I've been trading on this exchange from May and I'm very satisfied so far. Here is my review.
Nowadays, many exchanges create their own tokens to try to provide their holders with certain benefits, such as lower fees, voting rights when listing new coins, etc. It is quite a logical step, as crypto exchanges belong to a high income group that benefits even in the declining market by trading and listing fees for new coins. If the average transaction fee is around 0.2%, then each transaction has a seller and buyer, and a total of 0.4% of a given trade is a gain for an exchange. With a total daily volume of between $10 billion and $20 billion, the exchanges earn $20-40 million in fees each day. Some exchanges have come up with the concept of creating a token and giving its owners a share of the profit generated by trading fees. In the case of the new ABCC Singapore exchange, it will be 80% of the fee, which is a very competitive figure in my opinion. The main problem of many cryptocurrencies with their intrinsic value is thus elegantly resolved. The internal value of the AT token (ABCC token) will be proportional to the earnings that the exchange generates from the fees. In addition, they have an interesting token distribution model, using the Trade-to-Mine mechanism. Unlike similar projects that have been launched in the form of ICOs, ABCC has been a fully functional exchange since April of this year, and private investors have been taking notice and investing in them. The exchange will generate its tokens over the next two years with a deflationary model similar to Bitcoin. Halving occurs every 120 days over the next two years. The reward in the tokens will be proportionally divided among traders according to the traded volume, so that 40% of the total tokens (the total supply is 210 million tokens) will be distributed among traders. 10% of the tokens will be distributed to traders who have traded on the exchange since April until the July 9th Trade-to-Mine commencement date. The remaining 50% of the tokens will be distributed to private investors, the team, and a part will be used by the exchange for upcoming competitions and campaigns to get new users. The exchange has opted for a low total supply than other exchanges. Other exchanges issued their tokens in billions, but I would say that the main difference is in the form of distribution, which is very promising for traders. The token will be traded on the exchange with an initial price of $0.4 until a period of time (when 5% of the total supply is distributed, which should not last further than the end of July). If the price drops within one week below this initial price, ABCC will perform buyback to support the token value. Due to the Bitcoin-like deflation distribution model, albeit much faster, the opportunity to acquire tokens in the early stages is tempting and exciting. Over time, the declining newly released tokens will probably be the supporting pillar for the rise in the AT token price. The most important thing, however, is that we can get the tokens for free through trading on the exchange, which has set fees at a highly competitive level of 0.1%. From 9th to 12th July traders can participate in a privileged mining round that has a limited 2000 participants. It means less competitors and more earned tokens.

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July 03, 2018, 09:51:53 PM
Last edit: July 03, 2018, 10:02:41 PM by btc_bv
 #2

Hi,
well, I do have some experiences with ABCC also, since I've traded with them as of mid May.
The spreads were too wide at the beginning, but I can see they are getting more and more tight last 2 weeks as well as the 24h volumes are higher.
It seems the exchange is growing and is trusted by more and more people.

Thanks for the review.
Actually, I've noticed also the AT token and the Trade-to-Mine mechanism, but honestly I didn't pay too much attention.
The tokens issued by an exchange are nothing new under the sun, but the buyback program to guarantee the minimum price seems to be unique.
I'll look at it more closely.
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July 04, 2018, 09:58:13 AM
 #3

Thanks for that review!
Didn't know how much the exchanges actually making profit even when its bad weather. This form of token creation sound promising.  Will try to participate in that mining of 2k miners.

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July 04, 2018, 11:13:28 AM
 #4

Hi,
well, I do have some experiences with ABCC also, since I've traded with them as of mid May.
The spreads were too wide at the beginning, but I can see they are getting more and more tight last 2 weeks as well as the 24h volumes are higher.
It seems the exchange is growing and is trusted by more and more people.

Thanks for the review.
Actually, I've noticed also the AT token and the Trade-to-Mine mechanism, but honestly I didn't pay too much attention.
The tokens issued by an exchange are nothing new under the sun, but the buyback program to guarantee the minimum price seems to be unique.
I'll look at it more closely.
I agree there are plenty exchanges (probably due to the success of BNB) with own coins and every want to be the best. Maybe a little comparison with Binance would be interesting. Total supply will be the same, Binance provides 50% reduction of fees, however this is not passive income as in the case ABCC, where you just hold of AT token and you don't have to trade. BNB has to be bought, whereas you can get AT token for free (if you trade in this early stage). The fees at 0.1% per order is the same by both exchanges. BNB has burning program, contrary to ToM (Trade-of-Mine) mechanism. In the case of ToM there is 'halving' during mining every 120 days for a period of time next 2 years. ABCC has own buyback program for guarantee the initial price, what is a little different from the Binance buyback program.
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July 04, 2018, 11:37:00 AM
 #5

Nice info
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July 04, 2018, 01:17:57 PM
 #6

That's great even for the hodlers if the token buys for 0.4 dollars so he can never lose his money - do I understand it well?
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July 04, 2018, 01:40:47 PM
 #7


I searched for it whether they have a thread here but found only the ones created by users. An exchange doesn't have a thread here in bitcointalk looks seemingly out of touch. I'm surprise the users above me had found and use the exchange. An investor who are particularly wanting to avoid scam would rather hold their coin in their personal wallet than send it to an unknown exchange.

 
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July 04, 2018, 09:38:49 PM
 #8


I searched for it whether they have a thread here but found only the ones created by users. An exchange doesn't have a thread here in bitcointalk looks seemingly out of touch. I'm surprise the users above me had found and use the exchange. An investor who are particularly wanting to avoid scam would rather hold their coin in their personal wallet than send it to an unknown exchange.
I guess there is not their thread, but the explanation could be that most of investors and traders are from China. A Co-founder of this exchange owns ReTech company worth over $100 mln and listed on Australian stock exchange, so I think this is far away from scam Smiley even I would say, that this exchange is more transparent than 99% crypto exchanges (at least we know who is the owner).
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July 05, 2018, 01:05:09 PM
 #9

Thanks for the review.

It is really helpful for us. I am sure that there is really great opportunity to catch it in the beginning.

I am sure, that because of the revolutionary system Trade-to-Mine we can earn relly nice money.
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July 06, 2018, 02:56:54 PM
 #10

You're welcome, more and more is obvious if we cannot catch the projects from the beginning, then it's hard to find profitable ones in advanced stages. Hard to watch all exchanges with their programs, but if some of them offer something different, it's worthwhile take a closer look.
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July 09, 2018, 10:44:56 AM
 #11

Wow exchanges make around 20-40 million a day? I was expecting way higher. I mean I would have understand it if it was just something like coinbase but ALL exchanges total making around 30 million seems so small to what I had in mind.

When shared in between all those exchanges like binance, bitfinex, polo, bittrex, coinbase and many more like them, 30 million seems like it is not as big as I imagined it would have been.

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July 09, 2018, 12:32:23 PM
 #12

Trade-to-Mine concept? I have to find more information about it because It sounds really very great. Many investors could trade just here in ABCC if they earn money by trading. Thanks for the review.
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July 09, 2018, 01:00:44 PM
 #13

Wow exchanges make around 20-40 million a day? I was expecting way higher. I mean I would have understand it if it was just something like coinbase but ALL exchanges total making around 30 million seems so small to what I had in mind.

When shared in between all those exchanges like binance, bitfinex, polo, bittrex, coinbase and many more like them, 30 million seems like it is not as big as I imagined it would have been.
Hi buddy, that's the lower estimation from typical fees, I wouldn't say that daily net profit only from fees  in this range is low, the truth is that volume in winter 2017 was many times higher and of course those days the fees was a little bit higher, the second source of income are listing fees...In short in my point of view, exchanges are on to top and if we are looking for new opportunities, we should look into them what they offer Smiley
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July 09, 2018, 04:28:02 PM
 #14

So if everything will work like is described on their website on overview item I think It will become one of the best exchanges in my opinion. We will see in the future. I go to make a registration.
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July 09, 2018, 04:33:02 PM
 #15


I searched for it whether they have a thread here but found only the ones created by users. An exchange doesn't have a thread here in bitcointalk looks seemingly out of touch. I'm surprise the users above me had found and use the exchange. An investor who are particularly wanting to avoid scam would rather hold their coin in their personal wallet than send it to an unknown exchange.
I had tried out to search too about more informations about this exchange but i failed and same as yours i do only see words from its users which we can really presume that having no ANN thread or any related things towards their service would always been shady and ive been wondering why do people do force out and like to risk out into these exchangers without considering their current standing on the market.
Not popular and not even heard out too much.if i were you i would avoid this at all cost.

 
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July 09, 2018, 06:05:24 PM
 #16

This is really interesting concept, the exchange is online from April and seems to be working very well. It is very hard to follow all the offers and projects, so I am glad I found this forum here. I have been scouting for additional informations as well and found information available on Nasdaq, the Bitcoinist,bitfinance news and many more. The founder is Calvin Cheng - Ex singapore member of parliament and well known media magnate in Singapore with group of other investors so this is backed by real foundations and it is not an empty shell. As there is no similar competition, I expect it will attract lot of users and especially for the early adopters, this is great opportunity to get involved now.
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August 03, 2018, 10:52:40 AM
 #17

AT token was released for trading some time ago, and it's showing good performance.
Now available on BTC, ETH and USDT paires.
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September 23, 2018, 11:49:37 AM
 #18

Does anybody follow the performance of the ABCC exchange as well as I do ?
The first halving is approaching very quickly (November 5).
Since the mining difficulty will be doubled, the price of the AT token should double also (+/-).
What do you think ?  Roll Eyes
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