Main reasons for dead coin listing – Failed ICO
- Started 2017, Ended 2017.
- Social stopped/deleted 2017.
- Trading ticker (AAA).
- 1 billion max tokens.
- Tokens sold for 10c each.
- Not available to trade.
- Was built on the Ethereum blockchain.
- Website down.
- The Founder/CEO is Aleksey Nebotov.
Abab DAO ICO was founded in 2017 and is not trading on any exchanges. Was added to the dead coins list due to the fact they did not reach the required soft cap. The Founder/CEO is Aleksey Nebotov.
Not sure in money was refunded from ICO.
Copy paste from old site (archived)
(abab io 2017)
Abab Network Token
Settlements in the network are conducted using the AbabCoin cryptocurrency tokens, which is an ERC20 standard and uses the Ethereum network to execute smart contracts. AbabCoin will be represented in the leading cryptocurrency exchanges.
The total number of coins is limited to 1,000,000,000 (one billion).
With the current global volume of the short-term rental market amounting to $100 billion a year and a market share of 10%, assuming that the accommodations are booked, on the average, one month before the trip, we will calculate that only the AbabCoin tokens blocked in reservations should be worth $833 million. This alone makes the value of the coin equal to 83 cents. Given that some of the coins will be held in the stabilization reserves of the partners, some others, in ABAB.DAO, and some others still, retained by users for investment purposes or will be saved for vacation spending, it can be assumed that the value of the coin will be even higher. Besides, when implementing the service for short-term rentals it may be replicated to other types of rentals.
The entire stored database is decentralized and the rules of the interaction “guest-partner-host” are described in the form of smart contracts. When the guest rents the accommodation, a commission is added to the rental price posted by the host. The major part of this commission goes to the partner.
The smart contract containing the post can either automatically confirm the booking or request a booking confirmation from the host.
Screenshot from the old website (archived)