ABIO Coin, found online at ABIOCoin.com, is a digital token that represents shares in a Russia-based company. Find out how the platform works today in our review.
What Is ABIO Coin?
ABIO Coin describes itself as a “financial instrument of real business crediting on the basis of the blockchain method.”
Awkward wording aside, the Russian-made token is designed to represent a smart contract-based share in a factory in northwestern Russia. By purchasing ABI tokens, you’re buying a share of that company in the form of a digital token.
The smart contract automatically pays investors dividends upon execution. It’s a P2B (peer-to-business) lending environment.
The ABIO Coin platform revolves around ABI tokens. As an ABI token holder, you’ll receive passive income in the ABI cryptocurrency. By purchasing ABI tokens, investors earn stable earnings in the form of dividends. Specifically, you’ll receive dividends from the profits of Biotech’s factory. Biotek is a plant in the northwestern region of Russia that processes the biological waste of cattle-breeding and poultry farms. The plant has been operating since 2010.
Who’s Behind ABIO Coin?
In 2010, a Russian company named NPO Severniy Standard Ltd. created a biotech plant called Biotek (also named “Biotech” in some company documents). Biotek is the only plant in northwestern Russia that processes the biological waste created by cattle and poultry raising operations.
In spring of 2017, Severniy Standard Ltd. decided to build a processing system based on blockchain technology. Development of that processing system appears to be led under the name ABIOGroup, which is led by CEO and Co-Founder Georgios Kyroy, CFO and Co-Founder Yaroslav Kravchenko, CPO and Blockchain Developer Denis Belyaev, and Communication and Marketing Manager Olga Silaeva.
ABIOGroup is based in Vologogradskaya Oblast, Russia, in Sheksna Industrial Park, while Severniy Standard is based in Vologda, Russia (in northwestern Russia).
The factory itself has net sales of about $500,000 per month. The goal of the factory is to turn agricultural waste into usable commodities. To do that, the factory uses high-tech quality to turn waste into “high quality forage products” while also guaranteeing the environmental protection of northwestern Russia.
How Does The ABI Token Work?
To purchase ABI tokens, you need to give the company BTC or ETH, and then receive ABI tokens in return. After you give funds to the network, a smart contract is created. Payment of funds occurs automatically based on profit distribution algorithms (based on the percentage of shares you own in relation to the larger pool).
Products Created By The Biotek Plant
How do ABI token holders make money? Here are the main products created by Biotek, the factory in Russia:
Meat And Bone Meal:
Meat and bone meal has become an integral component in animal and poultry feeding. Biotek creates a high-quality protein/mineral protect that works as a source of nutrients for animal feed.
Technical Animal Fat:
Biotek processes fat using modern equipment that purifies the fat and separates fat from moisture.
The ABI Token Sale
ABI is an ERC20-compliant token built on the Ethereum blockchain. There’s a total supply of 30 million tokens, and no new tokens will be issued in the future. The price is set at $1 per ABIO Coin, although the exchange rate may change before the beginning of the sale.
ABIOGroup is accepting investments in BTC or ETH. As soon as the $20 million limit is reached, all remaining tokens will be burned.
The ABI token ICO starts on September 25, 2017.
ABIO Coin Conclusion
ABI token, also known as ABIO coin, is effectively a share in a company in northwest Russia. That company processes agricultural waste and turns it into usable products. The plant generates about $500,000 per month. With the ABI token ICO, the company is seeking to raise funds to continue development and expand the facility.
To learn more about ABI token and the ICO, visit ABIOCoin.com today. The ICO begins on September 25.