Reaction to AlibabaCoin

The Alibabacoin Foundation, the company that developed the fourth-generation leading alternative alternative, successfully completed the first stage of the initial placement of its crypto currency and officially started the second stage of the ICO on March 16, 2018. 

The second stage of the ICO includes 11 rounds of 10 days each. The goal of selling 50 million tokens in the first round was achieved in just five days - five days ahead of the planned date. The next steps of the Alibabacoin Foundation caused great interest among the public. 

The reason for such an amazing result is a significant difference between the Alibabacoin Foundation token and other crypto-currencies. The development team of Alibabacoin Foundation has introduced a new technology capable of integrating the face recognition function into the payment system on a block-based platform. For security reasons, when the recognition process is completed, the collected data is automatically deleted.

Users will be able to safely store funds in the digital wallet, as face recognition data is encrypted through the block, replacing a private key. The face recognition algorithm instantly accesses the necessary information and eliminates the possibility of the leakage of personal data.

 In addition, the Alibabacoin Foundation plans to create its own exchange site for crypto currency, and also to launch an online store where customers will be able to pay not only alibabakoins, but also other cryptocoins.

 In addition to introducing technological innovations, the company is engaged in public activities. In January 2018, its own charitable foundation was established in Dubai, UAE, and educational and entertainment activities were organized for children from single-parent families and orphans.

Director General of the Alibabacoin Foundation, Jacon Daniel Paul Philips, said: 

"I'm not going to stop there. The funds raised during the ICO are just the first step to achieve higher goals. We plan to expand the staff of developers and replenish our management team with new professionals. Our ultimate goal is to create a new basic crypto currency in the market, as well as long-term assistance to children from disadvantaged families around the world. Your participation in ICO of our token means not only the potential growth of this crypto currency, but also a contribution to new technologies of the future! "

In the rapidly developing industry, the Alibabacoin Foundation's crypto currency is showing rapid growth. All crypto enthusiasts should pay close attention to the ICO Alibabacoin Foundation and monitor the changes that the company will bring to this industry.