According to the latest cryptocurrency news, crypto exchange ABCC is presently offering a handful of high-quality cryptocurrencies where it has announced that it is rolling out a ‘Community Vote to List Scheme’ to classify top excellence blockchain projects and deliver users with well-diversified crypto investment opportunities. The crypto exchange has even publicized that it will measure all the conventional applications for listing using its practice built coin assessment system and reply to candidates of the decisions taken on their requests.
ABCC has stated that it will inform the preliminary date of voting to the public, following a detailed valuation of all the received applications. Regarding the voting rules, ABCC will open a payment address for every blockchain project qualified for community voting.
To participate, users will have to deposit the project coin to this deposit address. The minimum deposit amount for each vote will be 0.05 ETH worth of the corresponding project Coin. The least deposit amount for each project denominated in the project coin will be formally confirmed when we announce the projects shortlisted for voting, as stated in the Legal Gambling and The law report.
Over here voting for multiple blockchain projects is allowed for any user. It can be further thought as unacceptable if the voter is from a country/jurisdiction where trading certain digital assets are thought as illegal by the regulations and local laws.
The cryptocurrency news even updated that the ABCC will further count the number of valid votes for every blockchain project shortlisted. ABCC will rank those blockchain projects per the number of effective votes and place the projects at the top of the ranking to be listed on ABCC. ABCC will then review the voting results at the conclusion of the voting with approaches including to data analysis and sample survey. ABCC will ban blockchain projects for listing directly if any cheating activity has been noticed.
As per ABCC news, projects not designated in this round of voting will be postponed to the next round. The project can also opt for departing the next voting. The ABCC platform, as per the cryptocurrency news update reserves the rights to the last decision on the clarification of and change of these terms and circumstances.
The post Cryptocurrency News: Crypto Exchange ABCC Announces New Community Vote To List Scheme appeared first on OWLT Market.
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