ACED Token Overview and Name Clarification
ACED (AceD) is a cryptocurrency issued on the Binance Smart Chain (BSC) and primarily serves as the utility token for its digital entertainment platform, AceDBets.io. The platform offers crypto sports betting and casino services.
It is important to note that the name “ACED” may cause confusion. It is not the same as the following entities:
- The stock ticker symbol (OSL:ACED) of the Norwegian company Ace Digital AS: This is a publicly traded company focused on the Bitcoin ecosystem, engaged in Bitcoin reserves, fund management, consulting, and venture capital.
- ACE Coin (Acent): This is a cryptocurrency called Acent (token code: ACE), which focuses on Web3.0 blockchain browsers and multi-chain wallet services; it is a completely different project from the ACED token discussed in this article.
Core Mechanisms and Economic Model of the ACED Token
The ACED token has been designed with a series of mechanisms aimed at incentivizing holders and supporting its ecosystem:
- BUSD Rewards: ACED token holders can earn BUSD (Binance) rewards by holding the token. For every ACED buy, sell, or transfer transaction, 8% of the transaction volume is allocated as BUSD rewards to token holders.
- Deflationary Model: ACED employs a deflationary mechanism to reduce the total token supply. The project team will periodically repurchase ACED tokens from the profits of the AceDBets.io platform and burn them, with the aim of increasing the token’s value.
- Liquidity Pool Contribution: To maintain market liquidity and price stability, 2% of the tokens from every ACED buy, sell, and transfer transaction are automatically deposited into the PancakeSwap liquidity pool as ACED and BNB.
- Anti-Whale Mechanism: To prevent large-scale sell-offs from causing severe price shocks, ACED has implemented an anti-whale mechanism that limits the volume of a single sell order to no more than 0.125% of the total supply.
Use Cases and Ecosystem
The primary use case for the ACED token is centered on its core platform, AceDBets.io. Users can use ACED to place bets on this crypto sports betting and casino platform. As ACED holders and users, they may enjoy specific benefits, such as up to 10% cashback on losses and other exclusive promotions.
In terms of historical development, the early version of AceD was described as an experimental digital currency supporting anonymous and instant payments. The project has also migrated its contract address, indicating that it may have undergone iterations and upgrades during its development.
ACED Market Performance and Data
As of this writing, ACED’s market data is as follows:
- Current price: approximately $0.00003101.
- Market Cap: Approximately $7,753.
- Market Cap Rank: Approximately #6,308.
- Circulating Supply: Approximately 249.99 million ACED. It should be noted that some data platforms indicate the team has not yet verified the circulating supply. The project team previously reported a circulating supply of 900 million ACED.
- Max Supply: Data on the max supply varies across sources, with some indicating 200 million ACED and others 1 billion ACED.
- 24-Hour Trading Volume: Currently, publicly available data does not clearly indicate this figure.
These figures may fluctuate in real time due to market volatility and are provided for reference only.
Risk Warning
The cryptocurrency market is highly volatile, and investing carries risks. The value of the ACED token is influenced by multiple factors, including the platform’s development, market supply and demand, and overall sentiment in the cryptocurrency market. Before participating in any cryptocurrency investment, be sure to conduct thorough research and assess your own risk tolerance.
