Arabic Cash: UAE Oil in the past – Long live crypto!
While many countries tend to simply ban Bitcoin (BTC) and virtual assets, UAE regulators are taking a different approach. The country is constantly building the foundation for a blockchain capital of the world. Arabic Cash DeFi (ABIC) is a cryptocurrency pioneer in the Arab world.
ABIC is the jewel in the crown of Arab business
Nearly one in four small and medium-sized enterprises (SMEs) surveyed by Visa said they plan to accept cryptocurrency payments. In the same survey, 73% of respondents said the adoption of new forms of digital payments is a key factor that will affect business growth in 2022.
Project Arabic Cash (ABIC) is an independent DeFi from Arab developers that was created to support the Emirates Blockchain Global Strategy 2021. ABIC’s technology is designed around a loan and deposit system, which will allow the project to give in the world its first decentralized credit lending and deposit returns in the future. Arabic Cash’s overall goal is to create DeFi Crypto Bank.
Arabic Cash was created to make it as easy as possible to attract e-commerce investment to the Arab region around the world. And this is not the privilege of the state, but of the entire global cryptocurrency community. This is why Arabic Cash was created as a decentralized platform.
Thus, this tool can accumulate hundreds of millions of dollars of liquidity that will benefit all participants in the local and global Arab world. The ABIC token can attract huge investments in Arab countries, bypassing strict bureaucracy, economic or religious restrictions. The purchase of movable and immovable property of any scale, the payment of services and the transfer of funds between citizens and residents of Arab countries can be greatly simplified thanks to the development of ABIC technology.
The technical appeal of ABIC
The tokenomics of the project is designed so that the ABIC token has the potential to grow. Of the 170,000,000 fully issued tokens, more than 35% are already in circulation with investors in the United Arab Emirates, Europe, South India and East Africa. So far, about 20% of ABIC is allocated to staking and farming pools.
Most of the remaining tokens will be sent for trading on the exchange. Arabic Cash developers plan to list on several major centralized exchanges in 2022. One of the major announced contenders is Huobi with a daily trading volume of over $1 billion.
At the end of 2021, the ABIC token showed its growth potential. When the project was listed on Coinmarketcap and Coingecko, its capitalization rose to $37,000,000 in a single day. The daily trading volume of the ABIC token rose to $2,000,000 and the price of the token increased by 1,800%.
Now the technical analysis of the Arabic Cash project shows a strong support level at $0.018, on the daily chart you can see several strong growth patterns with the naked eye. Traders noticed a “cup” pattern in the chart, which indicates a very short-term Bull Run.
In 2022, Arabic Cash developers promise several fundamental updates and improvements that will positively affect the overall image of the project. In addition to listing on major stock exchanges, the project plans to carry out several actions that will enhance the reliability of the project. In the near future, several audits will be implemented from Certic and 0xGuard.
Remember that ABIC offers attractive conditions for passive income in the form of Staking & Farming. All ABIC holders can earn up to 60% APY. And farming will allow you to make profits every second based on your deposit without freezing your funds. The technology has already been tested for six months and has brought investors hundreds of thousands of dollars in return.
ABIC is now available on several decentralized exchanges such as PancakeSwap. It is also possible to buy and trade ABIC tokens on the P2PB2B exchange. You can find all the necessary details on the official Arabic Cash website.