A Contentious crypto project, which was named one of the world’s largest websites, is planning a massive launch.
Alibabacoin (ABBC), Recently funded ICO will be listed on 9 different exchanges at the same time this week. The AlibabaCoin Foundation is promising to present a platform that will use blockchain technology to connect face identification with online shopping and payment options. The company says that this is an industry-first for a coin which is to be listed together on many exchanges.
Jason Daniel Paul Philip, the founder, and CEO of the Alibabacoin Foundation insisted that AlibabaCoin (ABBC) will be a fully operational platform, not just another altcoin.
The team has not yet disclosed that when listing will increase, only they will be available on the following exchanges: Coinsuper, Bitforex, Coinbene, IDAX, TopBTC, OOOBTC, RightBTC, DragonEX and Sistemkoin.
Also this week, the Alibaba Foundation proclaimed plans to use its technology in the shopping mall. The company says that by the end of the year, Alibabacoin (ABBC) will be allowed in 30 of the world’s most famous malls, and they will also have an online mall.
It is important to note that this token is not affiliated with multi-billion dollar company Alibaba.com. In fact, earlier this year, Alibaba.com sued Alibabacoin (ABBC), on the basis that his name would create confusion among the customers and potentially harm his brand.
The Alibabacoin Foundation has defended its name and said that “Alibaba” is a magical reference should not be monopolized by a company.