What Is ATC Coin (ATCC)?
ATC Coin (ATCC) is a cryptocurrency platform aiming to develop a secure and decentralized global payment system using blockchain technology. The platform aims to develop decentralized payments in such a way that there is no third-party interference between consumers and merchants, enhancing a strong reputation management system. According to the website, the platform uses decentralized payment facilities to allow merchants to easily accept digital assets and then convert them with traditional currency.
Every consumer in the financial industry faces three major problems: trust and reputation of parties present in asset exchange, expensive payment methods, and inability to leverage the cryptocurrency economy. The platform developed ATC Coin to solve these issues. ATC Coin uses smart contract features to initiate trust on the platform. Every time a transaction is processed, the blockchain aims to record all the necessary details, like wallet address of sender and receiver, delivery time, warranty conditions, etc. Based on this, the user can file a claim or rate each other on the ecosystem.
Further, the platform uses Ethereum (ETH) blockchain to initiate payments with a one-step-one-fee method that solves the expense problem while offering scalability to the users with a mobile payment solution. The network also offers a global e-commerce solution to the users involving bus/flight/hotel booking, recharge, bill payment, and other utilities.
ATC Coin aligned with Binance Smart Chain aims to offer the users several e-commerce facilities based on trust. The platform aims to be accommodated in the travel and tourism industry using the e-commerce service. To ease the services for users, the platform also developed an ATC shopping card that can be used on the e-commerce platform. According to the whitepaper, the network envisions developing ATC Coin as the go-to currency for users in the financial system by utilizing the Smart Chain features. The platform seeks to tap into the loyalty aspect of the users by offering a safe and secure blockchain network. The platform claims to offer 5 times cheaper and 10,000 times faster network services.
ATCC is the native utility token present on the ATC Coin network. Users can utilize ATCC for using e-commerce services, converting digital assets into government-issued currencies, and attaining staking rewards. The protocol encourages consumers to participate in the bounty programs. Users are required to perform certain tasks in the community, and ATCC is offered to them directly in their wallet.
The platform has reserved 46% of the total supply for staking reward, 11% for public sale, 28% for private sale, 5% each for innovation and core team, 3% for marketing, and 2% for bounty and airdrop. Lastly, the platform aims to burn 1 ATCC over every 500 ATCC transactions. Burning refers to the method of removing coins from circulation by sending them to an inaccessible wallet address, thereby increasing the value of the token.
History of ATC Coin (ATCC)
ATC Coin was launched in November 2021. The founders of the platform are Subhash Jewria as CEO and Kuljeet Chauhan as CTO. Subhash Jewria is the cofounder of Done Card and One Stop Shop and is also the owner of Jewria Service Club India. The total supply of ATC Coin is expected to be one quadrillion ATCC.
How Are New ATC Coins (ATCC) Created & Users Rewarded?
ATC Coin distributed ATCC tokens to individuals using an airdrop facility where the crypto is dropped in the user’s wallet for free. Along with this, the platform issues staking rewards to individuals contributing to staking the blocks. The platform has reserved 46% of the tokens for staking rewards.
