ACE: Decentralized Gaming and Social Blockchain Platform

What is ACE

Friends, imagine the smartphones we use every day—they have an operating system, like Android or iOS, and we can install all kinds of apps on them, such as WeChat, games, and so on.

Now, the ACE project we're discussing today is a bit like a combination of the "operating system" and "apps" in that analogy. Specifically, ACE is the fuel and currency of the Endurance blockchain network. Endurance itself is a blockchain platform designed specifically for games and social applications; you can think of it as a high-performance "game console" or the underlying system of a "social platform."

On this Endurance blockchain, there is a very important "app"—the Fusionist AAA Web3 game. So, simply put, ACE is the native token of the Endurance blockchain, powering games and social apps like Fusionist and enabling them to run smoothly.

Its target users are mainly Web3 gamers, developers, and users who want to participate in a decentralized social ecosystem. Typical usage scenarios might include: players buying items or joining events in Fusionist, or developers building new apps on Endurance—all of which require ACE tokens.

Project Vision and Value Proposition

The ACE project and its underlying Endurance blockchain have an ambitious vision: to build a sustainable, closed-loop Web3 ecosystem. You can think of it as a large amusement park—not only does it have the most advanced attractions (like high-quality Web3 games), but it also lets visitors (users) have fun and continuously earn rewards, while the engineers (developers) who build the attractions are well compensated.

The core problem it aims to solve is that in the current blockchain world, many games and social apps face issues like insufficient performance, high transaction costs, and poor user experience. Endurance optimizes network performance and reduces storage requirements, aiming to provide developers with a fast, efficient blockchain infrastructure to address these pain points.

Compared to similar projects, Endurance stands out by focusing on digital entertainment, especially high-performance, low-cost solutions for games and social apps. It emphasizes the "Engage To Earn" model, allowing users to enjoy entertainment while earning economic rewards. It also pays special attention to deep integration with AAA games like Fusionist, delivering a high-quality Web3 gaming experience.

Technical Features

Endurance blockchain has some notable technical features that make it better suited for supporting games and social applications:

Technical Architecture

Endurance is an EVM-compatible sidechain. EVM compatibility means it can run smart contracts just like Ethereum, so many tools and technologies developed for Ethereum can be used on Endurance, greatly facilitating developers. As a sidechain, it is an independent blockchain but can transfer assets cross-chain with the main chain (such as BNB Smart Chain), which helps improve efficiency and reduce costs.

Consensus Mechanism

Endurance uses a hybrid consensus algorithm called PoSA (Proof of Staked Authority). You can think of it as a "staked authority proof" mechanism. In simple terms, it combines the advantages of "Proof of Stake" (PoS) and "Proof of Authority" (PoA). In PoSA, only authorized validators (think of them as "bookkeepers") can generate new blocks, and these validators must stake a certain amount of ACE tokens to participate. This mechanism aims to achieve faster block generation and lower transaction costs while maintaining a certain degree of decentralization.

Performance

Endurance is designed to handle high-throughput transactions, targeting 10,000 transactions per second (TPS) and aiming for instant transaction finality. To achieve this, it sets the block creation time to 2 seconds and allows more than 20 consensus nodes to participate. This means that game operations or social interactions on Endurance will have very fast transaction confirmations and very low fees.

Additionally, Endurance supports the Solidity programming language for smart contract development. Solidity is the most commonly used smart contract language on Ethereum, which means many existing Ethereum developers can more easily build applications on Endurance.

Tokenomics

The ACE token is the core of the Endurance ecosystem, and its economic model is designed to promote healthy and sustainable ecosystem growth.

Token Basics

• Token Symbol: ACE
• Issuing Chains: Endurance blockchain and BNB Smart Chain
• Total Supply: 147,000,000 ACE
• Initial Circulating Supply: 21,969,520 ACE (14.95% of total supply)

Token Utility

ACE tokens play multiple roles in the Endurance ecosystem:

• Gas Fee: Just like a car needs gasoline to run, any operation on the Endurance blockchain—such as sending transactions or executing smart contracts—requires ACE as a gas fee. This ensures the network runs smoothly and securely.
• Staking: Users can stake ACE tokens to support network security and have a chance to become validators or delegate to validators, earning block rewards.
• Governance: ACE token holders can participate in Endurance network governance, voting on important proposals and influencing the network's direction.
• In-game Spending/Earning: In games like Fusionist and other apps in the Endurance ecosystem, ACE can be used to buy game items, tickets, or as rewards for completing tasks or winning competitions.
• Ecosystem Participation: Used for purchasing goods and services within the Endurance ecosystem, such as social products, domain names, etc.

Inflation/Burning Mechanism

Endurance aims to maintain the deflationary nature of ACE tokens for long-term stability. One important mechanism is burning: if developers generate revenue through ACE on the Endurance network, a portion (20% to 40%) or even all (100%) of the ACE will be regularly burned, reducing the total supply in the market.

Token Allocation and Unlocking

ACE token allocation involves multiple stakeholders, including incentive pools, early investors, the team, ecosystem funds, treasury/reserves, Launchpool, marketing and partners, Nexus Bond airdrop, strategic investors, early equity investors, Jump Start, and initial reward pools. Most allocations use a "cliff mechanism" and linear release, with the full unlocking schedule lasting until 2027.

Team, Governance, and Funding

Core Members and Team Features

The core team behind the ACE project is Fusion Interactive, a Web3 game studio composed of experienced veterans from the gaming industry. This means the team has deep expertise and experience in game development, which is crucial for building high-quality Web3 games.

Governance Mechanism

The Endurance network is designed with a decentralized governance mechanism to promote transparency, accountability, and community participation. ACE token holders can participate in governance by staking tokens, such as voting on validator selection and network parameter adjustments.

Funding

The Fusionist project has received significant funding, including a $6.6 million seed round led by Binance Labs and FunPlus. This indicates recognition and support from well-known industry institutions.

Roadmap

Here are some key historical milestones and future plans for the ACE project (Endurance and Fusionist):

Key Historical Milestones

• January 2023: Endurance network mainnet officially launched.
• December 2023: ACE token launched on Binance Launchpool and planned for Binance listing.
• By December 2023: Endurance network had over 1.86 million token-holding wallets and processed over 100 million transactions.

Future Plans

• Q1 2024: Plan to launch Endurance's Layer 2 solution Sparkle and new games (such as 0xSpin and ACE Arenas).
• Q3 2024: Fusionist game planned for official release.
• Q3 2024: Endurance gaming ecosystem planned to expand to over 20 products.

Common Risk Reminders

Investing in any blockchain project comes with risks, and the ACE project is no exception. Here are some common risk reminders to help you assess more comprehensively:

• Technical and Security Risks: Blockchain technology is still evolving rapidly and may have unknown technical vulnerabilities or security risks, such as smart contract bugs or network attacks.
• Economic Risks: The price of ACE tokens is affected by market supply and demand, macroeconomic conditions, project progress, and other factors, and may fluctuate sharply or even go to zero.
• Compliance and Operational Risks: Regulatory policies for cryptocurrencies around the world are unclear and constantly changing, which may impact project operations and development. The team's execution ability, community building, and ecosystem growth also have uncertainties.
• Competitive Risks: The Web3 gaming and blockchain sectors are highly competitive, and the ACE project may face competition from other similar projects.
• Liquidity Risks: If market interest in ACE tokens declines, it may lead to insufficient liquidity and difficulty in trading.

Please remember, the above information is for reference only and does not constitute investment advice. Be sure to conduct thorough independent research and risk assessment before making any investment decisions.

Due Diligence Checklist

If you want to learn more about the ACE project, you can check the following information:

• Block Explorer Contract Address: Look up the ACE token contract address on Endurance blockchain and BNB Smart Chain to view token holder distribution, transaction records, etc.
• GitHub Activity: If the project has an open-source codebase, check its GitHub for code update frequency, number of contributors, etc., to assess development activity.
• Official Website and Social Media: Visit the official websites of Fusionist and Endurance, and follow their official social media accounts on Twitter, Discord, Medium, etc., for the latest announcements and community updates.
• Audit Reports: Check whether the project has third-party audited smart contract reports to help assess its security.

Project Summary

In summary, ACE is the native token of the Endurance blockchain, and Endurance is a high-performance blockchain platform focused on Web3 games and social applications. Built by the experienced gaming team Fusion Interactive, it aims to create a sustainable, immersive digital entertainment ecosystem for developers and players by offering fast, low-cost transactions and EVM compatibility. ACE plays multiple key roles as fuel, governance, staking, and in-game currency, and maintains its value through a burning mechanism.

The project has received investment from well-known institutions such as Binance Labs and already has a clear roadmap, including the launch of flagship game Fusionist and ecosystem expansion. However, like all blockchain projects, ACE faces various risks in technology, market, and regulation, and investors should evaluate carefully.

Hopefully, this information gives you a preliminary understanding of the ACE project. Remember, the blockchain world changes quickly—for more details, be sure to do your own research, and always remember this is not investment advice.