The world of blockchain and cryptocurrency is developing rapidly and new projects and coins are emerging in this process. One of these projects, Ancient8, stands out as Vietnam’s largest blockchain gaming group. So, what is A8 Coin, Ancient8’s token? In this article on Kriptokoin.com, we will discuss what you need to know about A8 Coin and its price predictions.
What is A8 Coin?
Ancient8 is a decentralized autonomous organization (DAO) and a platform building the infrastructure layer for GameFi. With a focus on community and software platforms, Ancient8 is the largest in Vietnam among blockchain gaming groups. Ancient8 provides scholarship, education, community, enterprise-level research and blockchain software products to enable everyone to build and play in the Metaverse.
Ancient8’s mission is to democratize social and financial access in the Metaverse. To this end, it aims to reach, educate and empower 100 million new Metaverse citizens through blockchain. In addition, Ancient8 plays an important role in the industry by early investing in gaming and metaverse projects and with its gaming tokens and NFT launchpads.
Features of A8 Coin
A8 Coin is a utility and governance token used in Ancient8’s ecosystem. Developed on the Solana blockchain, this token has a variety of use cases. With a total supply of 1 billion A8s, the token is distributed across community/ecosystem (32%), team (20%), DAO treasury (15%), liquidity (10%), seed round (10%), private round (6%), public distribution (5%) and advisors (2%).
Ancient8 raised $6 million in a private funding round in June 2022. These funds will be used to accelerate infrastructure development for GameFi and the metaverse. Ancient8 also has unique features such as Ancient8 Academy and Ancient8 E-Sport, offering gaming scholarships and training for players.
A8 Coin Price Reviews
Under current market conditions, A8 Coin is trading at $0.2022. In the short term, the price is expected to fluctuate around $0.20 depending on the overall market situation. However, it has the potential to rise above this level as the popularity of GameFi projects grows. In the medium term, the price of A8 Coin may increase depending on Ancient8’s efforts to expand its ecosystem and community engagement. With new gaming partnerships and projects, it has the potential to rise to the $0.30-0.35 range.
In the long run, the value of A8 Coin could increase significantly as Ancient8 becomes a leading player in the GameFi sector. As the Metaverse becomes widespread and new users join the ecosystem, the price is expected to rise to $0.50 and above.
Future of Ancient8
Ancient8 aims to add value to its community by building a strong infrastructure in GameFi and the metaverse. Through the Ancient8 Community Alliance (ACA) program, they are expanding their brand by providing support to new GameFi projects and offering special privileges to participants. Such strategic steps will enable Ancient8 to play an even more active role in the industry in the future. The Ancient8 Research Portal provides independent research content, enabling its users to gain in-depth knowledge about projects. It caters to a variety of experience levels, offering both public and private content.
Ancient8 also has its own e-sports team, competing internationally and organizing local and regional tournaments. These tournaments provide an important opportunity to increase community engagement and reach more users. However, the success of A8 Coin depends not only on Ancient8’s efforts, but also on the state of the overall cryptocurrency market and the popularity of GameFi projects. Therefore, it is important for investors to carefully monitor the market and conduct detailed research before investing in A8 Coin.
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