UPDATE (February 4, 2019) : ABBC Foundation has shut down the airdrop website which they have used to steal people's idendity data via so called KYC process.
https://ibb.co/CwXqGpv
http://www.abbcevents.com/dashboard
UPDATE (December 21, 2018) : All of a sudden all past tweets of ABBC foundation got deleted. But they forgot to delete the chat history in telegram LOL. Here's the chat export just in case if they delete telegram chat history too: https://drive.google.com/file/d/1aOo6bZutTbG2PmEkLh3IbojDNsnfHw-w/view?usp=sharing
First of all, lets take a look at the name of the project. "Alibaba". Really? There are dozens of languages and thousands of words in the world. But Alibabacoin Foundation decided to use a commercial name which is already taken by the Chinese giant Alibaba Group and this lead to being sued by Alibaba Group. Even a monkey could think of this.
Second, irresponsibility of the dev team;
-Their website is still not updated. Its almost 2019 and their roadmap shows that they are still on september 2018 milestone which says something about facial recognition on blockchain. Letting your mobile app use Face-id on iPhone or whatever its called on Android, to unlock the app, has nothing to do with the blockchain.
-Block explorer issue. How hard it can be to buy a domain for block explorer? Why using an ip address for block explorer web site tho? How people will find your block explorer? The link is not even provided in their official website. I had to find it on one of the exchanges that listed ABBC. Here's the link : http://45.55.242.48:3001/
Third. Two different wallet apps for both mobile platforms. On iOS platform, the creator of the app is CEO of ABBC foundation. But the app looks really scam tho and ABBC foundation says dont use that app. I have no idea why Apple approved this app. I tried both. When you "sign-up" on iOS wallet, you get a confirmation mail from a domain that looks TOTALLY SCAM. [email protected] Official website ends with .com not .org When you signup for the android wallet which is recommended by ABBC foundation, you get a confirmation mail from ANOTHER domain that looks TOTALLY SCAM which i couldnt find due to i used gmail for it and it got deleted automatically because i received it in spam folder. Wallets are supposed to be offline. Not required to signup with an email. Wallets should have private keys or back phrases or whatever. Using an email and password to login to your wallet is not what blockchain is made for.
Fourth. Wallet has crypto transfer limits.
-Lets say you are using wallet on android. You deposited 1 BTC to that wallet. (Its a multi crypto wallet which supports many cryptos) And then lets say you are gonna send 0.5 BTC to someone. You cant do it. Congrats. This useless apps lets you send only %11 of your total balance in 1 day. So first day you only will be able to send 0.11 BTC. Next day 0,0979 BTC. Next day 0,087131 BTC. Thats how it works. You will NEVER be able to withdraw %100 of your money from this shit app.
-Lets say you are using wallet on iOS. Congrats. Your money is stuck there. You cant withdraw even a nickel.
You can get OFFICIAL links to these OFFICIAL apps from the website.
Fifth. A few weeks ago they made an announcement about a scammer asking people for their wallet info. With the [email protected]. Dude lol. We are not idiots. I have been in to coding and website design. I know how domains and hosting stuff work. ONLY THE OWNER of your domain can have access to mail service. A mail address with @abbcfoundation.com is one of your employees and you dont even know how to restrict him from using that email. If one of the "DEVELOPERS" of ABBC is reading this right now, i would strongly recommend you to start with the basics like HTML, Javascript or python before getting into blockchain. Here is the link to OFFICIAL tweet claiming an OFFICIAL mail address is SCAM. https://twitter.com/abbcfoundation/status/1052212063811096577
Sixth and the most important case. This project is scam and fraud that should be shut down immediately. Why? As some of you may know, they made an airdrop campaign that requires KYC. 100 ABBC for every participant and 20 ABBC for every referral. ABBC's ICO 1st round price was 1$ and last round was 3$. So minimum of 100$ worth of airdrop. Sounds cool right? So lots of people participated in this fraud. Campaign was supposed to end on september. But they postponed it to october. It was ok and acceptable. After the day airdrop was ended, this message was posted;
"Now the airdrop is finished. Your coins will be sent to your wallet address in FEW DAYS. Be noted that the user who did not enter their wallet address will not receive 100 ABBC and referral coins. Thank you for your participation."
What does few days mean? 3-5 days? 1 week? 2 weeks? Not 2 months. People sent their passport details for this airdrop. When people were asking kindly about the time of distribution on twitter, devs didnt even bother to make an announcement or reply people's questions. They dont even have a telegram group where people can talk. Just a useless announcement channel which is already the same with twitter. You can check the comments of tweets on their official twitter page: https://twitter.com/abbcfoundation
Im not mad or angry about this fraud. I just have sent my national ID which is not something valid in other countries. But i feel sad for people who sent their passport info.
So in conclusion, dont invest in this coin and try to convince people around you not to buy who are willing to invest in this scam. Project is meaningless, visionless. Devs are irresponsible, have lack of the knowledge about coding and blockchain, and most importantly have no communication with the investors and other people in community.
