AB Mall, a new ecosystem of e-commerce that combines community economy, is based on blockchain and artificial intelligence technologies. AB Mall uses blockchain technology to trace the origins of products to solve quality issues, leverages AI to analyze user data, and employs community management to refine member services.
The token name for AB Mall is ABChain (shortened to AB). Initially, tokens will be issued on the Ethereum network, with plans for later migration to the TRUECHAIN network. The initial total issuance is 2.1 billion tokens, with no further issuance planned. Over time, through buybacks, the total supply will be reduced to 1 billion tokens through burning.
The AB token serves as the circulating currency within the mall and is a crucial component of its ecosystem. It plays a role throughout the malls ecosystem, including digital token asset payments, transaction mining, promotional dividends, and staking in Proof-of-Stake (POS) applications.