Fusionist (ACE), the native token for the Endurance blockchain, is the name of a new project that Binance has announced would be available on its Launchpool network.
With the launch of the Fusionist (ACE) project on the Binance Launchpool, the major cryptocurrency exchange Binance has unveiled a new project. An official release has said that the ACE coin is the native token of the decentralized social blockchain known as Endurance. Fusionist, a web3 AAA game, will ultimately be stored on the blockchain.
According to the notification made by Binance, the total number of ACE tokens in circulation is 147 million. An initial quantity of 21,969,520 ACE will be available for circulation through the Launchpool. This is about 14.95% of the total token supply. In addition, there will be 10,290,000 Launchpool tokens reserved for use as prizes, which accounts for seven percent of the entire supply of ACE.
On the Binance Launchpool, farming and staking for ACE rewards are both possible.
Starting at 00:00 (UTC) on December 13th, users that are interested in farming ACE tokens can do so by staking their BNB or FDUSD tokens into separate pools. This process will take an additional five days. Through the 17th of December at 23:59 (UTC), the agricultural season will be in effect. Users that invest BNB will receive a portion of 8,232,000, which is equivalent to eighty percent of the total incentives for Launchpool tokens. Users who stake FDUSD, on the other hand, receive 2,058,000, which is the outstanding 20% of the Launchpool incentives. There is a hard maximum of 6,860 ACE every hour for each user in the BNB pool, and there is a hard cap of 1,715 ACE in the FDUSD pool.
The formal listing of ACE is scheduled to take place on December 18 at 6:00 (UTC) on Binance. At the time of the initial listing, the following pairs will be available for trading: ACE/USDT, ACE/BTC, ACE/BNB, ACE/TRY, and ACE/FDUSD.
In the same manner as with previous launches, Binance will collect snapshots of the entire balance of the pool as well as the balance of each individual user many times per hour. This is done in order to compute the average balances of users and the awards that users get, which Binance will update every hour. Additionally, Binance will ensure that the entire balance of each pool as well as the annual percentage yield (APY) are current and updated in real time. Nevertheless, users are need to be aware that it is not allowed to stake tokens in more than one pool at the same time. Users have the option of staking certain tokens in one pool while others are staked in another pool. Whatever the case may be, it will be possible for any user to amass rewards and then instantly transfer them to their spot accounts whenever they like. A further benefit is that users are able to unstake their tokens at any moment. At the conclusion of the farming time, any awards that have not been claimed will be immediately transferred into the spot accounts of the users, together with any tokens that have been staked in each pool.
As the forty-first project to be launched on the Binance Launchpool, the Binance Launchpool Fusionist (ACE) is the beneficiary. Memecoin (MEME) was the 39th project to be launched on the Launchpool, and it was released by Binance in October.
Users are able to stake tokens and earn fresh tokens for free through the Binance Launchpool, which will be launched in September of 2020. As a kind of decentralized finance yield farming, any anyone who is interested can stake an amount that is lower than the hard cap that has been defined and earn fresh tokens simply by locking up their cash in liquidity pools.
Binance Launchpool and Binance Launchpad are comparable in that they both contribute to the promotion of new cryptocurrency businesses by providing support and raising awareness. In addition, they both provide consumers with a straightforward method to acquire early access to a newly released token. On the other hand, these two platforms are relatively distinct from one another. On the one hand, the Launchpad serves as a platform for initial exchange offers (IEOs), which are a method of assisting projects in the process of raising capital. On the other side, Launchpool is a platform that enables users to participate in staking in order to generate passive income.
