What Is Abjcoin?
Abjcoin is a first-of-its kind trade exchange and payment platform in Africa, aiming to connect corporate, digital asset exchanges, payment providers and banks into one decentralized system. Although it’s founded in Nigeria, it aims to extend to other parts of Africa and the world at large.
Abjcoin achieves its idea through a global market on the platform, where a number of African fiat currencies can be easily paired against and for the Abjcoin. Unlike the banks, the account can’t be frozen; the transactions are free and conducted anonymously and thanks to Blockchain technology, they are also secure and extremely fast.
In the world of cryptocurrencies, most transactions are done anonymously, allowing anyone to transact or run a wallet. No personal information is required – all you have to do is register and account and use the Abjcoin address to send or receive funds.
Proof of Stake 3.0 Algorithm
In order to secure its network, Abjcoin uses the Proof of stake Algorithm, allowing users to keep wallets open and get a stake ranging from 1% to 100% yearly, according to the weight of the network.
Abjcoin does not just target individual users to send and receive money. Its main aim is to expand and reach out to banks and businesses across the globe, allowing them to use the platform from any corner of the world. Simply put, Abjcoin promotes worldwide access to commerce.
Everyone shares their history to make the system transparent. The transactions are extremely fast, meaning that users can send money anywhere in Africa and the world in just a few seconds. And because it uses Blockchain technology where there’s no central server, hacking becomes a thing of the past!
Phase1: Abjcoin Blockchain:
This phase involved developing the core software of Abjcoin that would be compatible with Linux, Windows and other types of OS. It included setting up mining pools block explorer, mobile apps, trade market and market cap.
Phase 2: Autor Trader and Exchange:
To make trading a reality Abjcoin embarked on the next phase which involved developing an auto trader and exchange that would see users trade fiat currencies. The listing of the three major international exchanges also took place in this phase, whereby Ecommerce payment plugin was integrated. This process makes it easy for on-board merchants that accept Abjcoin payment for offline and online stores globally to transact seamlessly.
Phase3: Integrate into Banking Institutions:
This is the last phase of Abjcoin and it aims to give financial institutions faster global payments, as well as implementing Abjcoin ATMs. The move will also see the operations extended to other developing countries in Africa for the purpose of endorsing limitless and borderless international trades.
Abjcoin looks to bring together individuals banking institutions and other organizations into one, giving them a great opportunity to send and receive payments in a decentralized system that’s fast and secure. Although its headquarters are in Nigeria, the company intends to extend its operations to other parts of Africa and the rest of the regions in the world. Being the first-of-its kind in Africa, there’s no doubt Abjcoin will disrupt the industry!