Fresh out of the launch of its decentralized exchange ” XSwap ”. ABEY continues its momentum during Malta Week by winning Blockchain Solution of the Year at AIBC Europe 2021.
An important step
This victory is the latest achievement of ABEY and its ABEYCHAIN blockchain, one of the fastest growing blockchain solutions in the world. The AIBC Europe awards are one of the most prestigious and attract the attention of many players in the blockchain industry.
ABEY was nominated in two categories for Blockchain Solution of the Year and DeFi Project of the Year. The awards were determined by a combination of popular vote on the AIBC Summit website and a panel of expert judges with a deep understanding of blockchain technology, usage, and the global developer community.
ABEY ultimately won the Blockchain Solution of the Year. This prize rewards the work done by the blockchain protocol to develop innovative solutions. SIGMA and AIBC group founder Eman Pulis noted that “the price was excellent for ABEY. Every developer running their dApps on ABEYCHAIN, every user of ABEY’s XSwap.com DEX, every holder of the ABEY cryptocurrency should be proud of your achievement.
Phillip Sauerborn, co-founder and director of the ABEY Foundation, said: “This victory is an important 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. work of our ABEY team and developers running their applications on our blockchain.
He added that ABEY is committed to developing its ecosystem: “We are committed to developing the ABEY ecosystem to offer our users the best possible solution. We are very grateful to the AIBC and its expert jury for noticing our passion and excellence. “
Driving the adoption of blockchain globally
ABEY continues to make major strides in its quest to drive crypto adoption globally through its ABEYCHAIN blockchain. ABEYCHAIN deploys a hybrid consensus system that resolves the trilemma of scalability, decentralization, and security.
ABEYCHAIN’s developers believe the chain may be capable of 10,000 TPS, making it one of the fastest blockchain protocols. As a result, developers and projects have increasingly migrated to its protocol, and many are calling it the Ethereum killer.
ABEY recently launched its native decentralized exchange XSWAP in November, and it has so far exceeded expectations. In the first week of launch, the DEX hit a TVL of $ 60 million and currently has over $ 75 million stuck in its smart contracts.
XSWAP is fully decentralized and uses a new trading model for high and reliable liquidity while incorporating an Automated Market Maker (AMM) model. It also supports cross-chain trading, and users can trade external assets like Bitcoin, Ethereum, DOT, XT, and other publicly traded coins.
The ABEY token is also listed on the popular Liquid Global exchange, which has generated major interest in the token. Users can now exchange their coins and fiat currency for ABEY tokens and vice versa.
ABEY’s growth shows no signs of slowing down and the ABEYCHAIN protocol now has over 140,000 users, with an average of 10,000 active addresses joining its network each month since August 2021.
To learn more about ABEY and ABEYCHAIN, please visit the following links
David is a crypto enthusiast and a personal finance expert. He has created numerous publications for different platforms. He loves exploring new things, and that’s how he discovered blockchain in the first place.