Since the listing of the No. 11 ETF, BTC has been "falling and falling", and Grayscale has transferred 110,000 BTC to Coinbase, which has led to a continuous decline in BTC due to negative expectations, and currently holds a total of 500,000 BTC in Grayscale.
Why does Grayscale frequently move huge amounts of BTC, I think this is directly related to ETFs, Grayscale charges 2-3% of the handling fee per year, and the ETF handling fee is only equivalent to a few tenths of Grayscale, if it is said that before the institution bought GBTC, it was for safety, now after the ETF is listed, the advantage of GBTC is gone, and institutions can completely change it to ETF, so the vast funds redeem Grayscale and buy ETF.
According to the current speed of grayscale transfer of BTC, there is about a week, and the transfer will be basically completed, and then the bearish expectations will come to an end, the bad news is that it will fall, and the good news is that the rebound is coming soon, and the market is beginning to recover and pick up, and the opportunity for our layout is in this time!
With the wide application of blockchain technology, blockchain games have gradually emerged and become a new force in the game market. Compared with traditional games, blockchain games have higher autonomy, transparency, and fairness, providing players with a new gaming experience. Driven by the popularity of the market and the enthusiasm of players, the popularity of blockchain games continues to rise and become a new focus of the game industry.
Just last month, Binance and OK launched the same new coin mining project, Fusionist (ACE).
What is ACE?
Fusionist (ACE) is a Web3 AAA gaming and distributed gaming/social infrastructure layer.
The project is a combination of blockchain gaming (Fusionist) and a gaming/social infrastructure layer (Endurance).
Fusionist is a Web3 AAA game developed by a group of experienced gaming industry insiders that uses Unity and HDRP technology to provide advanced products and engaging gaming experiences for all users.
Endurance, on the other hand, is a distributed gaming/social blockchain that has been online since January 2023. This infrastructure layer provides users with a variety of gaming and social options (e.g., Expedition, Auction House, ACEdomain, Beta Testing, etc.), so all participants can comfortably find their own way to play, socialize, and earn money.
Since its launch in January 2023, Endurance has amassed more than 1.86 million coin wallets and achieved more than 100 million transactions.
ACE is the native token of the Endurance blockchain and can be used in several ways:
In-game spending/earning: Used to purchase in-game items, match tickets, win rewards, etc. Not just the flagship Fusionist games, but also upcoming games developed by the Fusionst team and partners.
Ecosystem Participation: Users can use ACE tokens to purchase goods and services (social products, domain names, etc.) across the Endurance ecosystem.
Staking and Governance: ACE token holders can stake their tokens to ensure the security of the network, while also participating in network governance decisions.
Endurance Blockchain Fuel: Serves as fuel for all transactions on the Endurance blockchain.
Ace's core strengths:
Leading technical strength: The Ace team has the world's top blockchain technology experts, who have rich experience in the fields of consensus algorithms, network security, and smart contracts. Ace uses advanced encryption technology to ensure the security and privacy of transactions. At the same time, Ace continues to optimize network performance, improve transaction speed and capacity to meet the growing market demand.
Rich application ecosystem: Ace focuses on building a rich application ecosystem and provides developers with complete development tools and platforms. Through close cooperation with various partners, Ace has successfully built an application ecosystem covering DeFi, NFT, gaming, social and other fields. This makes Ace not only an excellent investment target, but also a dynamic digital asset platform.
Innovative Business Model: Ace has the courage to innovate in its business model and constantly explores new profit models and business opportunities. Through cooperation with upstream and downstream enterprises in the industrial chain, Ace has expanded its business scope and achieved diversified development. At the same time, Ace is also actively deploying in the global market and working with overseas partners to promote the popularization and application of digital assets.
Strong Community Support: Ace has a large community of support, attracting many loyal fans and investors. Through online communities and offline activities, Ace maintains close interaction and communication with community members, collects feedback in a timely manner, and continuously optimizes products and services. This community-driven model has provided a powerful impetus for Ace's growth.
ACE推出新游戏——ACE Arena
ACE announced their new game on Twitter - ACE Arena, which is the latest masterpiece of the Fusionist team! The most exciting thing is that ACE is directly applied to this game as the only token. This is undoubtedly a further demonstration of ACE's value and great potential, and there may be more projects using it as a template in the future. ACE isn't just a game, it's a great opportunity to earn money while playing! Nowadays, the popularity of chain games continues to rise, and ACE's ability to make players deeply feel its unique charm is enough to prove its great potential.
ACE Arena is a web-based, pixel-style MOBA that brings a unique gaming experience, powered by unity, and ACE Arena will only use ACE as its unique token!
Summary:
Fusionist has a good foundation, Binance Labs is the main investor, the core team has rich experience, the game is positioned as a blockchain AAA game, following the application chain and platform currency model, and has close cooperation with Korean game manufacturers and platforms.
The ACE chip structure is concentrated, with early-stage equity investors holding 15.38% of the circulating supply, and Binance addresses accounting for 90%
ACE is a popular currency in the game sector, and the game sector will be the hottest sector in the bull market, so the potential of ACE is very huge!
In addition, ACE has recently come out with a good new game online, and the grand launch of ACE Arena is the latest innovation of the Fusionist team!