Blockchain Solution Of The Year Award Won By ABEY At AIBC Europe 2021
ABEY has been named the winner of the Blockchain Solution of the Year award at the 5th edition of the AIBC Europe 2021 Awards, which was hosted on November 16th, 2021 in Malta.
The result is the latest triumph for ABEY and its blockchain ABEYCHAIN, which is one of the world's fastest growing blockchain systems. The awards were decided through a mix of a popular vote on the AIBC Summit website and a group of experienced judges with extensive knowledge of blockchain technology, application, and finally the global developer community.
Huge win for the ABEY Foundation
“This victory is a significant milestone for our developers and the thousands of users who make up the ABEY ecosystem,” said Philipp Sauerborn, Co-Founder and Director of the ABEY Foundation.
He went on to state that “this prestigious recognition is the result of countless hours of hard work from our ABEY team and the developers running their respective apps on our blockchain. We are thus committed to growing the ABEY ecosystem in order to bring our users the best solution that we possibly can. We are so grateful AIBC and its expert panel of judges has acknowledged our passion and excellence.”
Eman Pulis, SiGMA Group Founder as well as the owner of AIBC, was delighted at the result. “Congratulations to ABEY for being awarded the prestigious AIBC Europe 2021 Blockchain Solution of the Year prize”, Eman said.
He then elaborated that “AIBC is an intersection for excellence in the international blockchain community and we are hence thrilled to award this prestigious accolade to the ABEY Foundation. The award was primarily based on our expert judging panel’s evaluation, along with a smaller component of public voting”. He then concluded with the following statement:
“Every developer running their dApps (decentralized applications) on ABEYCHAIN, every user of ABEY’s XSwap.com DEX (decentralized exchange), and finally every holder of the ABEY cryptocurrency should feel proud of this achievement.”
Moreover, according to the information present on AIBC Europe’s website, the awards have been designed to ‘reward the top leading players within the Emerging Tech industry as part of a celebration of accomplishment’.
What is ABEY?
Simply put, the ABEYCHAIN is a part of the overall ABEY ecosystem. It may be understood as the top public chain which administers a secure Proof-of-Work (PoW) along with a Delegated Proof-of-Stake (DPoS) hybrid consensus. The ABEY Storage Token (AST) and the ABEY Storage Network have been the primary focus, along with several on-chain applications that were constructed on the ABEYCHAIN.
Some of these apps include XSWAP.com, which is the host of a recently launched decentralized exchange (DEX) protocol, as well as the ABEY NFT (non-fungible token) platform. Future plans involve the launch of Puppy Planet, a play-to-earn blockchain-oriented game.
You can find more information on https://www.abey.com/.
The ABEY Foundation
Being a fully recognised as well as registered non-profit organisation (NGO) based in Vaduz, Liechtenstein, the ABEY Foundation offers assistance, research and governance to ensure the maintenance of the ABEYCHAIN technology's integrity for the foreseeable future.
XSwap had been launched by ABEY earlier this month, with the DEX being constructed on top of the ABEYCHAIN. Users will soon able to enjoy staking, liquidity mining and complete trading capabilities with this fully-decentralized cryptocurrency exchange in the future.
Furthermore, XSwap had even managed to surpass $60 million (USD) in TVL (total value locked). This milestone was also achieved in just the first week of the exchange’s launch.
Earlier this year, the ABEY token had been successfully listed on one of the top cryptocurrency exchanges in the world, Liquid Global. Liquid Global is also the second decentralized exchange to provide ABEY token trading capabilities, with ZBX.one being the first.
The future looks bright for ABEY
In the words of the abovementioned expert judging panel representing AIBC, the category of Blockchain Solution of the Year had been described as per the following statement:
“The blockchain industry has both matured as well as developed, having taken a huge lead from a tentative space to a now fully-fledged industry. The huge potential to completely reshape the way businesses transact in the global economy has been nothing short of a game changer.”
Apart from the aforementioned award, ABEY had also been nominated for the Decentralized Finance (DeFi) Project of the Year, in addition to sponsoring the Crypto Influencer of the Year Award as well.
Elsewhere, ABEYCHAIN has now managed to gain over 140,000 active users as part of a growing ecosystem which enables developers to successfully leverage different smart contracts as well as design robust dApps.
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