In mid-April, a new contributor appeared in the crypto community called Arabic Cash. It was created in support of the Emirates Blockchain Strategy 2021. The team claims to have no involvement with the government and offers the technology as an open tool for the development of this strategy.
A little more than two weeks were allocated for the Private Sale, and early investors were allowed into the project for only $1000 or more, which for many might seem like a rather daring decision. But on May 1, exactly at midnight, the first stage of the Private Trading ABIC token closed, after which the project team announced that the trading goal was overfulfilled by 80%. The token price at that moment increased by 40% – from $0.05 to $0.07. We have studied the whitepaper, roadmap and open technology of smart contracts Arabic Cash and will briefly tell you why the project is attractive not only for Arab investors.
In terms of concept:
Arabic Cash is committed to developing e-commerce for the entire Arab world, which is the most promising and ambitious vision for the entire region and even the planet for decades to come. The United Arab Emirates has taken a direct course towards building the strongest core of the crypto industry on the planet. Blockchain Strategy 2021 already operates here, as does Crypto Valley. Since decentralized finance technology is independent of the intervention of traditional regulators, Arabic Cash can be a powerful supporting tool for the implementation of the Emirates’ crypto strategy. An anonymous developer community has created a project to develop the region separately from the state.
On the technical side:
The DeFi Arabic Cash project is based on the most advanced crypto technology of 2021 – the Binance Smart Chain of the BEP20 protocol in the Solidity programming language. This provides the ABIC token with the most reliable protection, the highest transaction speed and the lowest fees for it. This allows investors not to worry about their assets in any quantity, and also promises them a guaranteed profit of 35.6% per annum for storing tokens in a liquidity pool.
How Arabic Cash works:
The Arabic Cash development team will receive less than 1% of the total ABIC supply (i.e. the team will receive 1 ABIC token for every 100 ABIC farms).
Maximum reward for ABIC stakers. Pool ABIC-BNB will generate 10x the profit compared to other pools. First AMM Binance Smart Chain offering liquidity pools (LP) for alternative coins like LINK, DOT, etc. One of the first to use Binance Smart Chain for AMM DEX.
The project takes full advantage of the Binance community by providing arbitrage opportunities between BEP2 and BEP20 tokens that are hosted on Binance.com or Binance DEX.
Liquidity providers will also be rewarded with ABIC tokens from which they can earn a share of ABIC trading fees and use them to vote as part of the ABIC governance.
Tokenomics Arabic Cash:
Token type: BEP-20 Binance Smart Chain
Token Symbol: ABIC
Token name: Arabic Cash
Contract: 0x4823a096382f4fa583b55d563afb9f9a58c72fc0
Total volume: 170,000,000
ABIC for Private Sale: 4,400,000
Team Tokens: 1,600,000
Initial LP set and ABIC reward multipliers:
BEP20 ABIC-BNB, 10 ABIC Awards
BEP20 BUSD-BNB, 3x ABIC Awards
BEP20 ETH-BNB, 1x ABIC awards
BEP20 BTC-BNB, 1x ABIC rewards
BEP20 DOT-BNB, 1x ABIC awards
BEP20 LINK-BNB, 1x ABIC awards
Trading commission and distribution of rewards
Arabic Cash will apply a 0.30% commission on all swaps / trades, of which 0.25% will go to liquidity providers (LPs) and 0.05% will be converted into ABIC tokens and given to ABIC holders as an additional reward.
Liquidity providers are issued liquidity pool tokens (Arabic LPs) that represent their share of each pool and can receive a portion of the fees collected in these pools when liquidity is withdrawn. LPs can then stake their Arab LP tokens to receive the ABIC token reward.
More detailed information about the project can be found on the official Telegram channel Arabic Cash.
