{"id":"abey","title":"Abey","content":"**Abey** is a [Layer 1](https://iq.wiki/wiki/layer-1) [blockchain](https://iq.wiki/wiki/blockchain) platform managed by the Abey Foundation, a non-profit organization based in George Town, Grand Cayman. The platform is designed to support interactive, cross-application data sharing and is compatible with the [Ethereum Virtual Machine (EVM)](https://iq.wiki/wiki/ethereum-virtual-machine-evm). [\\[1\\]](#cite-id-9GJnBI3jry)\n\n## Overview\n\nThe Abey blockchain was launched in 2018 and is an \"Inter-App Blockchain.\" This core concept is designed to facilitate interactive data sharing between different applications built on its network. For instance, an achievement or item earned in one game could unlock features or be recognized in another unrelated application within the Abey ecosystem. The platform is built to support projects in sectors such as [decentralized finance (DeFi)](https://iq.wiki/wiki/defi), GameFi, and the [Metaverse](https://iq.wiki/wiki/metaverse). [\\[1\\]](https://iq.wiki/wiki/abey-foundation#cite-id-z8DPROkJr4)\n\nIt operates as a nonprofit organization that serves as the steward for the Abey chain. Its primary mission is to foster the growth of the ecosystem by providing funding and support to developers through a grants program. Abey emphasizes achieving user adoption through simplicity and ease of use for both developers and end-users, rather than focusing exclusively on technical metrics like transactions per second (TPS). The project's stated goals include achieving fast transaction finality and enabling seamless functionality across different [blockchain](https://iq.wiki/wiki/blockchain) ecosystems. [\\[2\\]](https://iq.wiki/wiki/abey-foundation#cite-id-YPNMTdnc5A)\n\n## Features\n\n* **High Throughput**: The network reportedly processes up to 3,000 transactions per second (TPS). The architecture is designed with plans to incorporate [sharding](https://iq.wiki/wiki/sharding) technology to potentially increase this capacity to 100,000 TPS in the future. [\\[1\\]](https://iq.wiki/wiki/abey-foundation#cite-id-z8DPROkJr4)\n* **Interoperability**: The platform supports cross-chain functionality, aiming to enable seamless interaction with other blockchains. It also features a core \"Inter-app\" capability, which facilitates data sharing and composability between different [dApps](https://iq.wiki/wiki/decentralized-application) operating on the Abey network. [\\[1\\]](https://iq.wiki/wiki/abey-foundation#cite-id-z8DPROkJr4)\n* **Fast Finality**: The chain is designed to offer fast finality, which reduces the waiting time for transaction confirmation and settlement, improving the user experience. [\\[2\\]](https://iq.wiki/wiki/abey-foundation#cite-id-YPNMTdnc5A)\n* **Developer Focus**: Abey simplicity in its platform to make the [blockchain](https://iq.wiki/wiki/blockchain) more accessible for developers to build on and for users to interact with.   [\\[2\\]](#cite-id-V21CgsZ8Q2)\n\n## Ecosystem\n\nThe Abey ecosystem consists of a network of [dApps](https://iq.wiki/wiki/decentralized-application) and supporting platforms, cultivated through the Abey Grants Program. This program provides funding and resources to developers and teams building on the Abey chain. Abey actively promotes these projects through its official channels. The community maintains a presence on platforms like Discord, which had over 5,000 members as of late 2025. [\\[2\\]](https://iq.wiki/wiki/abey-foundation#cite-id-YPNMTdnc5A) [\\[3\\]](https://iq.wiki/wiki/abey-foundation#cite-id-yShmbpZwKG)\n\nKey projects within the ecosystem include:\n\n* **XSwap**: A [decentralized exchange](https://iq.wiki/wiki/decentralized-exchange).\n* **XRacer**: A GameFi project.\n* **InterWorld**: A mobile-friendly metaverse.\n* **Fantase**: An NFT marketplace. [\\[2\\]](https://iq.wiki/wiki/abey-foundation#cite-id-YPNMTdnc5A)\n\n## Use Cases\n\n* **DeFi**: Supporting [decentralized finance](https://iq.wiki/wiki/defi) [applications](https://iq.wiki/wiki/decentralized-application), with the XSwap [DEX](https://iq.wiki/wiki/decentralized-exchange) being a central component for token swaps and liquidity.\n* **GameFi**: Enabling play-to-earn (P2E) gaming experiences, such as the [NFT](https://iq.wiki/wiki/non-fungible-token-nft)-based racing game XRacer.\n* [Metaverse](https://iq.wiki/wiki/metaverse): Providing a foundational layer for interconnected virtual world projects.\n* **Cross-Application Interactivity**: Allowing user data, such as scores, achievements, or digital assets, to be recognized and utilized across different [dApps](https://iq.wiki/wiki/decentralized-application) on the chain. [\\[1\\]](https://iq.wiki/wiki/abey-foundation#cite-id-z8DPROkJr4) [\\[2\\]](https://iq.wiki/wiki/abey-foundation#cite-id-YPNMTdnc5A)\n\n## Tokenomics\n\n### Abey Token ($ABEY)\n\nThe native token of the Abey blockchain is integral to the network's operation, security, and governance. The foundation promotes the ARC-20 token standard, which is designed to simplify the process for developers to launch new tokens on the Abey chain and across different ecosystems\n\n### Token Utilities\n\n* **Governance**: The token is used by holders to participate in network governance by voting to elect the members of the [DPoS](https://iq.wiki/wiki/delegated-proof-of-stake-dpos) committee.\n* **Staking**: As part of the [DPoS](https://iq.wiki/wiki/delegated-proof-of-stake-dpos) consensus mechanism, tokens are used to participate in the process of securing the network, which typically involves [staking](https://iq.wiki/wiki/staking).\n* **Transaction Fees**: The token is used to pay for network [gas](https://iq.wiki/wiki/gas) fees required for processing transactions and executing [smart contracts](https://iq.wiki/wiki/smart-contract). [\\[1\\]](https://iq.wiki/wiki/abey-foundation#cite-id-z8DPROkJr4)\n\n### Governance\n\nThe governance model for the Abey [blockchain](https://iq.wiki/wiki/blockchain) is based on its [Delegated Proof-of-Stake (DPoS)](https://iq.wiki/wiki/delegated-proof-of-stake-dpos) system. Token holders have a direct role in the network's governance by participating in the election of a committee of delegates. This elected committee is then entrusted with the responsibility of maintaining the ongoing operation of the [blockchain](https://iq.wiki/wiki/blockchain), including transaction validation and [blockchain](https://iq.wiki/wiki/blockchain) production. This model delegates the day-to-day network maintenance to a smaller group chosen by the broader community of token holders. [\\[1\\]](https://iq.wiki/wiki/abey-foundation#cite-id-z8DPROkJr4)\n\n## Partnerships\n\nThe Abey Foundation collaborates with external partners for infrastructure support and actively promotes projects building within its ecosystem.\n\n* [**GemPad**](https://iq.wiki/wiki/gempad)\n* [**MEXC**](https://iq.wiki/wiki/mexc)\n* [**BitMart**](https://iq.wiki/wiki/bitmart)\n* [**LBank**](https://iq.wiki/wiki/lbank)\n* **Demos**\n* **DAIAA**\n\nIn addition to these infrastructure partners, the foundation supports and collaborates with various projects building on its chain, including InterWorld, XRacer, and Fantase. [\\[1\\]](https://iq.wiki/wiki/abey-foundation#cite-id-z8DPROkJr4) [\\[2\\]](https://iq.wiki/wiki/abey-foundation#cite-id-YPNMTdnc5A)","summary":"Abey is an EVM-compatible Layer 1 blockchain. It functions as an 'inter-app chain' using a Delegated Proof-of-Stake (DPoS) consensus to enable data sharing for DeFi, GameFi, and Metaverse dApps like XSwap and XRacer.","images":[{"id":"QmfSCaXv1abyDnCjuKawZRrcivLupkt3JXU2cvyDgJPDEW","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Blockchains"},{"id":"Protocols"},{"id":"Organizations"},{"id":"Ethereum"},{"id":"Games"}],"media":[],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"9GJnBI3jry\",\n    \"url\": \"https://abey.com/\",\n    \"description\": \"Official Abey website\",\n    \"timestamp\": 1759241294829\n  },\n  {\n    \"id\": \"V21CgsZ8Q2\",\n    \"url\": \"https://x.com/AbeyFoundation/\",\n    \"description\": \"Abey Foundation official X account\",\n    \"timestamp\": 1759241294829\n  },\n  {\n    \"id\": \"event-abey-blockchain-launched-link\",\n    \"description\": \"Event link\",\n    \"url\": \"https://abey.com/\",\n    \"timestamp\": 1759241295073\n  },\n  {\n    \"id\": \"event-abey-foundation-x-account-created-link\",\n    \"description\": \"Event link\",\n    \"url\": \"https://x.com/AbeyFoundation/\",\n    \"timestamp\": 1759241295073\n  }\n]"},{"id":"discord_profile","value":"https://discord.gg/abey"},{"id":"references","value":"https://docs.abeychain.com/whitepaper/abey-whitepaper"},{"id":"references","value":"https://abeyscan.com/"},{"id":"reddit_profile","value":"https://reddit.com/r/abey"},{"id":"telegram_profile","value":"https://t.me/abey_official"},{"id":"contract_url","value":"https://abeyscan.com"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/abeychain/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/abey"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmdTw4dvQ6dAQT2HjJnjFD5Yg53FHL3jGmP49dmLpiNfie\""},{"id":"commit-message","value":"\"docs: Refine summary by removing mention of the Abey Foundation for neutrality.\""},{"id":"previous_cid","value":"QmdTw4dvQ6dAQT2HjJnjFD5Yg53FHL3jGmP49dmLpiNfie"}],"events":[{"id":"b6955d2b-27e4-42a2-8e15-51a62c5c2111","date":"2018-01","title":"Abey Blockchain Launched","type":"CREATED","description":"The Abey blockchain was launched, claiming to have maintained 100% uptime since its inception. It was designed as an 'inter-app' chain for interactive data sharing.","link":"https://abey.com/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"4b4bbd64-f352-4d45-89f4-beb9e8a1c534","date":"2022-08","title":"Abey Foundation X Account Created","type":"DEFAULT","description":"The Abey Foundation established its official X (formerly Twitter) account, @AbeyFoundation, to communicate project updates and philosophy.","link":"https://x.com/AbeyFoundation/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"d421c07e-4592-4e1e-a351-bccf6091c32d","date":"2025-07","title":"ARC20 Token Claim Portal Launched","type":"DEFAULT","description":"The ARC20 Token Claim Portal was launched on the XSwap platform, initiating a migration process for users to transition from wrapped assets on XPlus to native tokens.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"1f415b4c-495e-40d1-8024-216facb8676c","date":"2025-09","title":"Abey Wallet v3.2.1 Released","type":"DEFAULT","description":"Version 3.2.1 of the Abey Wallet was released to resolve a bug related to biometric recognition functionality, improving user experience and security.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x4a2bC97afBF41a2Cbf4b4628F63420682Ff4CF2a"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum"],"founders":["anon"],"speakers":[]}}