AB DAO NewPay Update Boosts AB Token Value 1000 Percent

Coin WorldFriday, Mar 7, 2025 2:52 am ET

1min read

AB DAO has recently unveiled a new version of its payment platform, NewPay, marking a significant update for its global user base. This latest iteration of NewPay introduces several key changes, including the transition of wallet assets from the NEW token to the AB token. This shift is part of a broader effort to streamline the platform's operations and enhance user experience.

The update also includes the completion of PoS mining-related rewards settlement, encouraging users to unlock their tokens within the DAO as soon as possible. This move is aimed at ensuring that all users can fully benefit from the new ecosystem and its associated rewards.

In conjunction with the release of the new version, AB DAO has initiated a global call-to-action, inviting its 20,000 existing users to claim 65 million AB tokens. These tokens, previously known as NEW, are valued at approximately $1 million. The initiative is designed to facilitate the cross-chain conversion process and encourage users to join the AB ecosystem.

The transition from the BEP2 token NEW-09E on the BNB Beacon Chain to the new AB token has been a complex process. Some users were unable to complete the cross-chain transfer in time before the BNB Beacon Chain shut down, resulting in 65,335,749.375 NEW tokens remaining on the chain. This new version of NewPay aims to address these issues and provide a seamless experience for all users.

The release of the new version of NewPay and the associated token claim initiative underscore AB DAO's commitment to innovation and user satisfaction. By transitioning to the AB token and completing the cross-chain conversion, AB DAO is positioning itself as a leader in the decentralized finance space, offering a more efficient and user-friendly platform for its global user base.

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