Future Direction of ACE Coin Business
1) Additional burning of ACE coins
As announced, two more incinerations are expected by the first quarter of 2021. We plan to appropriately reduce the final circulation quantity of ACE Coin to help increase value and increase reliability.
2) Additional listing of ACE Coin
In addition to the current listings on Cashierest Exchange and Dcoin Exchange, additional listings on domestic and international exchanges are planned.
3) Expansion of ACE coin usage
Following the successful launch of ACE Pub, we are preparing to launch ACE GRAVIA, where ACE Coin can be used directly. Official launch of the service is planned to be within 2020.
In addition, we are preparing the ACE STORE service that allows you to purchase luxury brand goods using ACE. Almond Wallet for ACE will also be introduced which allows users to transfer ACE Coins with just a phone number.
Each service will have separate announcements with more detailed information in the future.
4) Increase the number of ACE coin wallets (Expand actual users)
On October 7, 2020, ACE Coin was swapped to an ERC-20 based coin. In the previous EOS-based wallet system, the service was divided into account and memo, so the number of wallets compared to coin holders was tallied.
ACE Coin, based on ERC-20, aims to secure 10,000 real users of ACE Coin within the year and 100,000 real users of ACE Coin by the end of next year, with additional air-drops to expand the number of wallets and expansions of the various entertainment businesses. We are preparing for promotions and more to help realize this goal.