How does Ancient8 (A8) coin handle inflation?

To combat inflation, Ancient8 employs a token burn mechanism, repurposing transaction fees to reduce the circulating supply and enhance the value of remaining tokens.

Dec 23, 2024 at 01:43 pm

Key Points:

• A8 utilizes a dual-token model with both ERC-20 and BEP-20 tokens.
• The total supply of A8 tokens is capped at 100 million, with allocations for various purposes.
• The team uses a burn mechanism to reduce the circulating supply and manage inflation proactively.
• Ancient8 plans to establish a decentralized autonomous organization (DAO) to foster community involvement in governance.
• The project's roadmap includes initiatives focused on game development, blockchain integration, and community engagement.

How Ancient8 (A8) Coin Handles Inflation

1. Dual-Token Model and Tokenomics

Ancient8 operates on a dual-token model, with both ERC-20 and BEP-20 tokens available. The total supply is capped at 100 million tokens, with allocations distributed as follows:

• Seed round: 20%
• Private round: 25%
• Public round: 20%
• Team and advisors: 15%
• Marketing and ecosystem development fund: 10%
• Liquidity provision: 5%

2. Token Burn Mechanism

To manage inflation, the Ancient8 team employs a token burn mechanism. A portion of the transaction fees collected from gameplay and other platform activities is used to repurchase and burn A8 tokens. This reduces the circulating supply, increasing the overall value of remaining tokens.

3. Decentralized Autonomous Organization (DAO)

Ancient8 intends to establish a decentralized autonomous organization (DAO) that will govern the project's development and decision-making processes. The community will play an active role in shaping the future of the platform through voting and participation in governance proposals.

4. Roadmap Initiatives

Ancient8's roadmap outlines several initiatives aimed at game development, blockchain integration, and community engagement:

• Game development: Ancient8 plans to create a suite of blockchain-based games that engage the community and foster mass adoption.
• Blockchain integration: The platform will work towards bridging the gap between GameFi and traditional gaming by integrating blockchain technology into gameplay.
• Community engagement: Ancient8 values the involvement of its community and actively engages through social media, events, and community management initiatives.

FAQs

Q: How does the token burn mechanism impact A8 token value?
A: By reducing the circulating supply through token burns, Ancient8 aims to increase the value of remaining tokens, combating inflation and potentially driving growth.

Q: What role will the DAO play in A8's development?
A: The DAO will empower the Ancient8 community to participate in governance, provide feedback on decisions, and collectively steer the project's direction.

Q: How will Ancient8 differentiate itself in the GameFi market?
A: Ancient8 strives to stand out by focusing on creating high-quality blockchain games, fostering community involvement, and bridging the gap between GameFi and traditional gaming.