Alibaba coin is a technology optimised for distribution, finance, shopping, security, using blockchain technology.
3.5/5 – Good
AliBabaCoin (ABBC) is creating an open-source platform to further develop the cryptocurrency market, as well as its quick launch and integration into a unique ecosystem. The platform is powered by blockchain, and it will use some of the new security and encryptions features and techniques. The features will provide customers with liable modules for payment and transactions.
Through the new platform, customers are assured that their personal information is secured. The new ABBC wallet aims to allow its customers with security and flexibility in their transactions online. Their customers can shop online using their ABBC wallet, and they can also enjoy exchanging their coins in other platforms.
The goal of Alibabacoin Foundation is to provide its customers with a smooth, secure and advance technology approach for cryptocurrency related matters.
3/5 – Good
ABBC presents members of their team to help spread and develop the initiatives of their company. Through their member’s strong leadership and education on technology developing initiatives, the company believes it can benefit many of its investors and customers.
Besides having strong team members, ABBC also has various dealers and agencies around the world. These dealers and agencies are critical in the distribution of the ABBC, and help the company in its objective of financial development platform success.
4/5 – Very Good
Alibaba will hold a pre-selling for their ABBC’s, and the funds garnered from the sale will be used to fund more projects. On the top of the list for the company is their System Maintenance, which will provide services like facial recognition, shopping, and crypto exchange. Another project ABBC Foundation will undertake is the development of their HD multi-crypto wallet. The wallet will be made available on various platforms around the world.
3.5/5 – Good
The risk is that the foundation may not be able to generate enough funds to accommodate its future projects. Although the company has a solid plan, it needs to be able to present a roadmap on how each step will be fulfilled. Moreover, in the company’s whitepaper, they failed to identify their team member. This is crucial because the composition of the team plays a vital role in customers will perceive the company and their trustworthiness.
One final risks are the limited sales and purchase of ABBC in various countries. It may be challenging for the company to have a vast number of customers, as well as dealers and agents if there are restrictions imposed in various countries.
3/5 – Good
The main thrust of the platform is to provide a reliable and secure way of storing assets and to be the best platform to exchange cryptocurrencies. The new facial recognition feature will help the platform become safer, because of the extra layer of protection when customers have to transact and pay for certain goods. The facial recognition will lock and unlock your crypto assets, and your valuables are kept secure and safe more than ever.
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