Blockchain-based online gaming and gambling platform AceDBets has made good progress ever since going live earlier this year in March 2020. Since then the developer team of AceDCoin has been working on adding a number of sporting events as the platform hosts over 15 different online gambling facilities.
The platform offers support for Bitcoin but has also got its own native cryptocurrency called AceD. All bets on the platform are put in AceD and moreover users can withdraw money from the AceD wallets anytime they time.
However, the platform developers have decided to undergo a major change on its platform. All per its latest community announcement, the AceD cryptocurrency will be swapping to the AceD tokens.
This means that AceDBets will be moving away from its traditional MasterNodes platforms. The decision of this swap arrived after finding out that a number of bad actors have been exploiting the MasterNode rewards for a long time. This has not impacted the reputation of the platform but also the value of AceD coins going down.
Switching to the Ethereum Network
As a result, the developers’ team of AceDCoin has decided to move its base to the Ethereum blockchain platform. The developers think that switching to the Ethereum network will help them overcome all these problems and hopefully help them to rebound the price of AceD tokens.
The developers have thus requested some co-operation from the existing token-holders to make this swapping process absolutely swift and hassle-free.The swap for the AceD tokens has already took place in the last week of May.
The AceDCoin team has confirmed that the swap happened in a very successful manner and any swap requests coming forward shall be honoured in 1:1 ratio. The new Ethereum-based AceD tokens will be shortly available on the official website i.e. acedbets.io. Thus, users will soon be able to start betting using the new Token.
Speaking about their successful swap, the AceDCoin team said: “Overall the swap was a success, we are proud to have made history by conducting the first Crypto Swap on a sportsbook. This proves that our platform’s capacity and security is top notch as there was 0 Fallout”.
Thus, the old AceD chain has become absolutely redundant henceforth. Also, the total supply for the AceD tokens has been maxed by four times to 100 million tokens.
After the successful swapping, all the non-circulating tokens are moved to a single address and shared publicly. However, in the near future, the cold staking facility will be available on AceDBets.
AceD and GIN Strategic Merger
The AceDCoin team is currently discussing with other cryptocurrency projects Livecoin regarding a potential merger. Some of the benefits of this merger would be:
1) AceD will be listed on Livecoin (We will replace their current listing with AceD token) Approximately 4BTC to list on Livecoin right now.
2) AceD will receive rights to their twitter account (Over 5000 followers)
3) All the coin holders will receive a set swap ratio for the new aced token, this will expand the aced community and bring instant demand and value to AceD Token.
4) We will also be opening new sectors of business for ACED which will be carried over from the merging project’s development team.
This will ultimately create a win-win situation for both AceD and GIN communities. With this merger, AceD will get access to a larger community made up only of good quality people. This merger will help to bring more users and thus create more awareness for to AceD’s sportsbook, entertainment hub, and ecosystem.
As stated above, AceD will take over and put back life in GIN’s Livecoin listing. You can read more details about the merger here.
Successful OTC Sale of 50 Million AceD Tokens And InPlay Betting
Recently, due to the high demand, AceDCoin team is conducting an additional OTC sale of 50 million AceD Tokens live on the Graviex exchange. The proceeds of this sale will go further platform development like exchange listings, aid development, maintenance of the platform, and upcoming products.
Powered by the AceDCoin Tokens, the AceDBet platform is a full scale sportsbook which offers comprehensive coverage of global events. The platform will soon be launching its much-awaited InPlay betting feature.
Please follow and like us:
Related
Post source: AceDcoin Will Be Switching to Ethereum Network With AceD Swapping to AceD Tokens
More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com
from The Bitcoin News – Bitcoin and Blockchain News https://thebitcoinnews.com/acedcoin-will-be-switching-to-ethereum-network-with-aced-swapping-to-aced-tokens/
0 Comments