X5 Extra Round: DeFi Arabic Cash Goes To First Exchange At $1 newsbtc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbtc.com Daily Mail and Mail on Sunday newspapers.
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On May 19, the earth fell from under the feet of the entire crypto community. Bitcoin forgot to take pills and in just 2 hours crashed by more than 30%. And behind him was the whole viola market, and for some of them this fall was much more painful. Europe watched the steep fall in real time, and for the Americans it was truly St.Bartholomew’s Night.
Many trumpeted the beginning of the correction. And right before this drop, one of the most accurate signals came from a young DeFi project straight from the Emirates called Arabic Cash. Referring to market indicators, experts foresaw the approach of a global correction on their Telegram channel.
In mid-April, a new contributor appeared in the crypto community called
. 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.