1. What is abt?

Introduction to ABT Cryptocurrency

ABT (Asset Backed Token) is a cryptocurrency based on blockchain technology that aims to create a global digital asset self-service system integrating "capital markets + startup technology teams + investors." Here are its main features:

1. Decentralised Financial Services: ABT is committed to providing robust, secure, and efficient decentralised financial services, bridging the gap between the real world and the blockchain world.

2. Issuance Mechanism: ABT employs an innovative POS+POL mechanism to ensure that investors can participate fairly. Each participant's investment is fixed, and returns are not affected by the amount of capital or the timing of participation.

3. Smart Contracts: ABT relies entirely on smart contracts, with all data available on the blockchain. There are no funding pools, ensuring true decentralisation.

4. Mining Mechanism: ABT with a market value of 200 USDT qualifies as a miner, granting eligibility to participate in mining. Each round consumes 0.2 USDT worth of ABT, with a daily participation cap of 50 rounds. Users' stakes and tickets can be redeemed at any time.

5. Team Background: ABT's core founding team comprises elites from various fields, including former internet company executives from France, early BTC evangelists, well-known blockchain community founders, overseas capitalists, and bank executives. The core technical members possess strong capabilities and market potential in blockchain infrastructure, distributed storage, and cryptographic calculations.

6. Research Capability: The ABT team has independent research capabilities and has achieved remarkable outcomes in distributed ledgers and encryption fields.

In summary, ABT is a decentralised cryptocurrency based on blockchain technology, aiming to provide fair, secure, and efficient financial services.

2. Who founded abt?

According to the information provided, the founding team of ArcBlock (ABT) includes elites from various fields, including former internet executives from France, early BTC evangelists, well-known blockchain community founders, overseas capitalists, and bank executives. Notable founding members include Robert Mao, Flavien Charlon, Jean Chen, and Joe Wallin.

3. Which venture capitalists invested in abt?

Based on the information provided, ArcBlock (ABT) is one of the blockchain projects invested in by Cai Wensheng. Cai Wensheng is the founder and chairman of Meitu, who invested in the cryptocurrency exchange OKEx in 2014 and has invested in several blockchain projects, including Theta, Ontology (ONT), Cortex (CTXC), and ArcBlock (ABT). However, the specific venture capital firms that invested in ABT are not explicitly mentioned in the information provided.

4. How does abt operate?

ABT (Asset Backed Token) is a cryptocurrency that operates based on an innovative POS+POL (Proof of Stake + Proof of Lottery) mechanism. Here are its main operational principles:

1. POS Mechanism: This is a common consensus algorithm that determines mining rights based on the amount of tokens held.

2. POL Mechanism: Short for Proof of Lottery, this mechanism matches participants through a random system and allocates inherent computing power randomly by the system. Each participant has a chance to receive randomly allocated computing power, including high-power and basic power rewards.

3. Participation Conditions: Users need to hold ABT worth 200 USDT to qualify as miners and obtain mining eligibility. Each round requires 20 USDT worth of ABT as a ticket, which is refunded after each round, with each round consuming 0.2 USDT worth of ABT.

4. Computing Power Allocation: Each round, lucky participants receive 10G power, while ordinary participants receive 1G power, with their computing power being valid for 15 days.

5. Decentralisation: ABT employs smart contracts, with all data verifiable on the blockchain, without setting up funding pools, ensuring users participate under a fair and secure contract mechanism.

6. Miner Earnings: Based on calculations, ABT miners can achieve monthly returns between 20% and 30%.

To sum up, ABT offers a fair, secure, and decentralised cryptocurrency operation through its unique POS+POL mechanism.