Access Protocol ACS
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Short Review Access Protocol
Crypto project Access Protocol (ACS) is classified as a Protocol. Access Protocol is a Utility token that is hosted on the Solana Network. The current total supply is 99.97 B ACS (Circulating Supply + Tokens yet to be released - Burned Tokens).
(ACS)
ACS Price Chart
The launch of ACS token trading took place on 15 February 2023.
Access Protocol (ACS) cryptocurrency
Access Protocol is a platform providing monetization solutions to digital content creators. This protocol can be integrated into a website and will help you configure content types: free and paid. Essentially, if this service is enabled, the user subscribes to a creator pool that contains ACS tokens. Both participants receive rewards for using the protocol. However, the subscription types for the creator and the person who wants access are different. Only the creator owns his tokens. At the same time, access to the creators' products has a commission of 2%. Accumulated rewards can be used as contributions for other creators.
History of the Access Protocol (ACS) project
The founder of the project is Mika Honkasalo, who previously worked with DeFi and investments.
The access protocol has an interesting idea. The company's founders noticed a big difference between the traffic and revenue of digital content and social media companies. The popularity and financial capabilities of social networks make competition extremely unstable. This leads to several things:
- First, the quality of content on social networks is declining.
- Second, large companies support some authors, which gives them an uneven competitive advantage.
As a result, other digital content companies are finding it difficult to attract new customers and monetize. As stated in the whitepaper, Access Protocol must come up with a new model for consuming social content.
Advantages of Access Protocol
- Monetization of digital content. It seems that this is a useful and fairly easy-to-use tool that has a large field for implementation.< /li>
- Advantages. Creators and users receive rewards for using the protocol, which is very useful and motivating.
Disadvantages of Access Protocol
- Loss of rewards. As follows from the official Twitter account, the biggest problem is lost rewards. However, it appears that the team is actively working on a solution.
- Inflationary Token. This situation is quite dangerous for those who want to accumulate a number of tokens. Because the price is under pressure, which affects the amount of rewards received.
