VabonChain is a decentralized application based on the OCC main chain ecosystem, which runs under the protocol framework provided by O'Community. VabonChain, referred to as VBC, is used to distribute red envelopes, rewards, and pay to enter the community alliance fan circle in DAPP application tools.

Project Introduction

VabonChain is an ecosystem composed of a series of green consumer applications and blockchain technology. Its core is a set of POC consensus mechanisms. "POC" inherits the characteristics of "POW" to achieve ledger security through calculations, but at the same time it proposes a very innovative point of "using the credit value of users", that is, as the entry threshold for consumer mining. Consumption is investment, and sharing is profit.
VabonChain Community is a user-owned community organization. Community users can experience the value of green consumption by entering the VBC Eco Mall, while using the new retail concept to achieve shared marketing. Assist brands to open up green markets and shape green life for users. With the help of blockchain technology, VabonChain focuses on building a green organic industry ecosystem based on blockchain technology, and establishes decentralized data storage, information query, payment settlement, and peripheral service infrastructure.

Core Algorithm
Its core is a set of POC consensus mechanisms. "POC" inherits the characteristics of "POW" to achieve ledger security through calculations, but at the same time it proposes a very innovative point of "utilizing user credit value", that is, as the entry threshold for mining.

Repurchase mechanism
Issue 1, 2021, 200 million pieces were repurchased and destroyed
Phase II 2022 Repurchase and destroy 400 million pieces
Period 3, 2023, 500 million pieces were repurchased and destroyed
In the end, the circulation remained 1 billion pieces.