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Arcblock

ABT

Price
$0.10
12/5/2022, 2:29:38 AM
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Market

Market stats

Market cap

$10.3M

Volume (24h)

$221,996.71

Circulating supply

98.6M ABT

Typical hold time

6 days

Trading activity

Not enough data

Popularity

#204

All time high

$1.66

Price change (1h)

+0.34%

Price change (24h)

-0.27%

Price change (7d)

-3.31%

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Arcblock is on the decline this week.

The price of Arcblock has fallen by 3.31% in the past 7 days. The price declined by 0.27% in the last 24 hours. In just the past hour, the price grew by 0.34%. The current price is $0.10 per ABT. Arcblock is 93.69% below the all time high of $1.66.

The current circulating supply is 98,554,305.44 ABT.

About

ABT is an Ethereum token that functions as payment in the Arcblock ecosystem. Arcblock is a platform for building and deploying decentralized applications using a combination of blockchain technology and cloud computing.

What Is ArcBlock (ABT)?

ArcBlock (ABT) is a new decentralized developer platform that simplifies the development of Distributed Ledger Technology (DLT) and blockchainsDLT is a protocol that permits the secure functioning of a decentralized digital database. According to its whitepaper, ArcBlock is a blockchain ecosystem that aims to create and deploy decentralized applications (DApps) and make them accessible and useful in everyday lives. The platform solves the problems of poor performance, cost, lack of features through its new revolutionary design. 

The platform is a comprehensive solution, combining blockchain technology with Cloud computing. Cloud computing is the delivery of different services by the internet. ArcBlock’s unique design aims to give a high-performance, cost-efficient, user-friendly, and protocol-agnostic platform.  

Furthermore, the platform is an incentive-driven marketplace for reusable components, services, and even applications. ArcBlock’s introduce Open Chain Access Protocol that allows open connectivity over multiple blockchain protocols. The advantages of the platform are; 

  • Built for the New Token Economy- The entire ArcBlock service is driven by token economy.

  • Optimized for the best experience – ArcBlock platform uses a “top-down” strategy that centres on the user experience.

  • Built for the Cloud- The platform is designed to run natively in the cloud.

  • Built with Open-Standard- The platform is open-standard and actively contributes to various blockchain technology communities. 

Additionally, Blocklet is a computing architecture component of ArcBlock for running various applications. Blocklet communicates with blockchain by ArcBlock’s Open Chain protocol and can get used for smart contracts, oracle, resources, asset handling, and off-chain business logic. A smart contract is a self-regulated contract with the term of the agreement between traders directly written into lines of code. 

The native token of the platform is ABT. The platform has built an optimized blockchain dedicated to ArcBlock token services and the public ledger to achieve high-performance transactions. The ABT token is designed for general purposes utilized in different scenarios. ABT is a utility token for paying the cost associated with using the service. A utility token is used to access a company’s product or service. ArcBlock requests developers to lock in several ABT tokens as a stake when they require mission-critical services. 

History of ArcBlock (ABT) 

According to the website, Robert Mao founded ArcBlock in 2017.

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FAQ

What is the current price of Arcblock?

The price of 1 Arcblock currently costs $0.10.

What is the market cap of Arcblock?

The current market cap of Arcblock is $10.30M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Arcblock?

The all-time high of Arcblock is $1.66. This all-time high is highest price paid for Arcblock since it was launched.

What is the 24 hour trading volume of Arcblock?

Over the last 24 hours, the trading volume of Arcblock is $222.00K.

What other assets are similar to Arcblock?

Assets that have a similar market cap to Arcblock include Vertcoin, Carbon, Somnium Space Cubes, and many others. To see a full list, see our comparable market cap assets.

How many Arcblock are there?

The current circulating supply of Arcblock is 99 million.

What is the typical holding time of Arcblock?

The median time that Coinbase customers hold Arcblock before selling it or sending it to another account or address is 6 days.

What is the relative popularity of Arcblock?

Arcblock ranks 199 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Arcblock?

Currently, 85% of Coinbase users are buying Arcblock. In other words, 85% of Coinbase customers have increased their net position in Arcblock over the past 24 hours through trading.