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ACT (Acet) Introduces A New Breed Of Cryptocurrency Asset Tackling The Oversupply Issue By BTC Peers

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© Reuters. ACT (Acet), A Brand New Cryptocurrency Asset That Addresses The Oversupply Issue

ACT (Acet), a brand new entrant to the crypto space, proudly announces its latest breed of cryptocurrency asset. ACT is an initiative to combat oversupply, which can be caused by an imbalance of supply and demand. ACT (Acet), which is based on a zero initial supply solution, aims to offer a better option for the wider crypto market.

ACT (Acet), a company that aims to address the long-standing problem of cryptocurrencies, the oversupply. The supply and demand of particular tokens is not always equal. If this happens, it is common for there to be an oversupply of certain tokens and insufficient people purchasing them. This is similar to inflation and can have a negative impact on any cryptocurrency currently available or soon released. ACT (Acet) solves this through a burning mechanism to decrease the supply of the token and ensure the circulating supply reflects the asset’s real value.

ACT (Acet), has a solution for this urgent problem. It is known as Zero Initial Supply. The initial circulation should be zero for any digital asset. There should not be any new coins that are minted based on demand from token holders. Because it doesn’t use any block rewards or stake rewards and is not a traditional approach to crypto, this new method of cryptocurrencies works well.

To increase the supply ACT (Acet), tokens were created to meet the actual demand from token builders by staking contracts. One can, for example, stake BUSD in order to generate ACT. An ACT staking and an ACT -BUSD option are also available. All of these options have different earning opportunities. It is possible to stake alternative options such as BUSD to produce ACT. This indicates that staker demand will increase the supply.

ACT is a brand new asset that combines Fans Token elements with decentralized financing. The “Decentralized Fans Financial Token – or DeFansFi Token – was coined by project founder Worawat Narknawdee or Acme Traderist, an experienced trader in global financial markets, and will seek its place in the growing digital economy. All holders – individuals or businesses – can buy, sell, trade, and conduct transactions with ACT (Acet) upon holders’ request. The ACT (Acet) can also be used for decentralized financing (DeFi).

ACT is used for multiple purposes, such as staking, harvesting – to receive rewards – and burning (to decrease the overall supply). You can also pay various fees such as staking and harvesting penalties, additional token rewards, or staking penalty. The latter is activated when the user accepts to enter into a contract for staking. This will allow the protocol to generate additional ACT according to contract terms. Additionally, rewards can be transferred into a wallet of a developer.

ACT (Acet), is a token-holder platform that aims to make as many people as possible aware of its mission. The roadmap states that the team hopes to reach 150,000 addresses in the fourth quarter of 2022. The supply would then reach 100 million ACT. The token launched on August 31, 2021, yet it has already hit the “holder threshold” outlined in the roadmap for Q4 2021, well ahead of schedule. Currently, more than 40,000 ACT holders are registered.

The innovative approach of ACT (Acet), has brought in several million dollars in Total Value Locked. ACT currently has a total supply 95,429.345 tokens and 43.961 users have the token in their wallets as of October 5, 2021. The token can also be traded via PancakeSwap and is worth $0.415 According to DEXTools the market capital of PancakeSwap is above $39million and it has over $123,000 daily trading volume.

The Peckshield audit of ACT (Acet), was successful. Onboarding CertiK is the next stage of an audit. The official social channels will reveal additional details in the near future. The project has been listed on CoinGecko, CoinMarketCap and other leading crypto data aggregators platforms.

About ACT (Acet).

ACT (Acet), a new breed of cryptocurrency, is designed to address the problem of oversupply due to the inequalities between the demand and supply for a token. It is initiated on the concept of “Zero Initial Supply”; in the belief that to be a digital asset, the initial amount of supply should start at “0”, and the amount of the token should only be generated based on the holders’ demand.To learn more, follow ACT (Acet) through the official channels:

Website:https://ACT (Acet).finance/

Telegram: https://t.me/ACT (Acet)defansfi

Twitter (NYSE:): https://twitter.com/ACTDeFansFi

Facebook (NASDAQ:): https://www.facebook.com/ACTDeFansFi/

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