VabonChain is a decentralized application based on the OCC main chain ecology and operates under the protocol framework provided by O'Community. VabonChain, referred to as VBC, is used in DAPP application tools to distribute red envelopes, rewards, and pay to enter the fan circle of community alliances and other services.

Project Introduction

VabonChain is an ecosystem composed of a series of green consumption applications and blockchain technology. Its core is a consensus mechanism based on POC. The very innovative point of "using the user's credit value" is proposed, which is used as the entry threshold for consumption mining. Consumption is investment, and sharing is income.
The VabonChain community is a user-governed community organization. Community users can experience the value of green consumption by entering the Tong VBC Ecological Mall, and at the same time apply the new retail concept to realize shared marketing. Assist brands to open up the green market and create a green life for users. With the help of blockchain technology, VabonChain focuses on building a green organic industrial ecological chain based on blockchain technology, and establishes decentralized data storage, information query, payment settlement, and peripheral service infrastructure.

Core Algorithm
Its core is a consensus mechanism based on POC. "POC" inherits the characteristics of "POW" to achieve account security through calculation, but at the same time it proposes a very innovative point "using the user's credit value ", that is, as the entry threshold for mining.

Repurchase mechanism
Phase 1 in 2021, repurchase and destroy 200 million pieces
Phase 2 in 2022, repurchase and destroy 400 million pieces
Phase 3 in 2023, repurchase and destroy 500 million pieces
Final circulation Keep 1 billion pieces.