- ABBC coin surged by 89.78% within the last 24 hours after the coin burn event announcement.
- ABBC Trade Plan archives 320 million coins milestone: it will burn 300 million ABBC coins.
- ABBC coin ranks fifth on the trending list of LunarCrush, a social intelligence platform.
The ABBC coin’s price increased by 89.78% within the last 24 hours with the ABBC Foundation’s announcement of a Coin-Burn event. As per the company’s press release, the ABBC Foundation has taken the decision to schedule a Coin Burn event, as the ABBC Trade Plan was approaching a milestone of 320 million. As such, the company will be burning 300 million ABBC Coins.
Disclosing more information about the intention behind this Coin Burn Event, the company stated:
Through this burn event, we are aiming to reduce inflation and maintain a healthy balance between supply and demand. By eliminating the 300 million ABBC Coins through an eater address, we are creating a safer, more robust, and sustainable project economy.
Meanwhile, the ABBC Coin was trading at around $0.11 and has risen to $0.22 currently. The Coin has captured the fifth spot on the trending list of LunarCrush, a social intelligence platform for crypto, NFTs, and Stocks.
Concurrently, the ABBC Foundation provides users with exciting rewards and earning opportunities. In particular, the opening rate was a mega 300% BUSD reward for every subscriber, while the final reward rate was 240% BUSD. The rewards are being distributed on a weekly basis for a period of 365 days.
The ABBC Foundation has also incentivized users with referral reward systems and has offered them a user-friendly interface that enables them to instantly track and claim their BUSD rewards whenever they want, with top-tier security.
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Source: https://coinedition.com/abbcs-300-million-token-burn-skyrockets-abbc-coin-price-by-90/