Digital crypto trading platform The First ( byetf.com ) will launch Ancient8 ecological token A8 on August 6, 2024 (UTC + 8). Ancient8 is a chain game agency headquartered in Vietnam and has built a game-centric, community-driven ecosystem on the Ethereum Layer 2 network, Ancient8 Chain, aiming to accommodate the next 100 million Web3 citizens.
With its composability, scalability, and compatibility with EVM, Ancient8 enables developers to easily build GameFi programs on its ecosystem and create an open and free web3 gaming environment. Taking advantage of the launch of The First ( byetf.com ) on A8, we delve into the core and future potential of the Ancient8 system, which helps us find potential opportunities in the blockchain gaming field.
What is Ancient8?
Ancient8 Chain is a gaming-focused, community-driven Ethereum Layer 2, powered by OP Stack and enhanced by Celestia , specifically designed to address scalability and adoption challenges faced by web3 games and consumer DApps. By leveraging the strengths of Optimism and Celestia, Ancient8 Chain prioritizes speed, cost-effectiveness, and provides developers with cutting-edge technology, especially for on-chain game development.
As the second layer network of Ethereum, Ancient8 Chain utilizes the rich resources and strong community foundation of the Ethereum ecosystem, while reducing transaction costs and improving transaction speed through its optimization technology. This enables games and DApps developed on Ancient8 Chain to enjoy the security of Ethereum, while avoiding congestion and high gas fees in the first layer network.
The support provided by OP Stack brings high scalability and flexibility to Ancient8 Chain, which is crucial for handling a large number of concurrent requests and complex game logic. The addition of Celestia further enhances its cross-chain communication capabilities and data availability, enabling Ancient8 Chain to better interact with other blockchain ecosystems and provide game developers with more choices and possibilities.
Ncient8 Chain pays special attention to the needs of game developers. Through Modularization design, developers can easily deploy their game logic and assets on the chain. This design not only lowers the development threshold, but also promotes interoperability between games and the prosperity of the ecosystem.
In the current era of high gas fees and limited transaction speed, Ancient8 Chain effectively reduces gas fees and improves transaction speed through its optimization technology. This is crucial for improving User Experience and attracting more players to participate, especially in game scenarios that require frequent interaction and instant feedback.
Ancient8 Chain emphasizes resonance with every participant, from players to builders, who can feel its unique charm and value. By building a fair, transparent, and inclusive gaming environment, Ancient8 Chain aims to inspire more innovation and creativity, and promote the sustainable development of the Web3 gaming ecosystem.
V. Ancient8 Token Economics
As the core token of Ancient8, $A8 is an ERC-20 token designed to be the lifeblood of the Ancient8 ecosystem. The total supply limit of the token is 1,000,000,000, and its design aims to ensure high community participation while cultivating a thriving ecosystem. The framework not only allows seamless transactions, but also incentivizes community participation.
As the core token of the Ancient8 ecosystem, $A8 plays multiple key roles, not only promoting participation, innovation, and ownership within the ecosystem, but also enhancing User Experience and driving value capture through a series of practical application scenarios and incentive mechanisms.
Governance mechanism: Decentralized governance ensures that $A8 holders and stakers participate in decision-making, shape future direction, and promote transparency and fairness.
Utility: A8 acts as a medium of exchange, supporting NFT minting, in-game purchases and subscriptions to exclusive content, enriching the gaming experience.
Exclusive access: Right of access to special events, new experiences and customised content for A8 holders, enhancing a sense of belonging and loyalty.
Value growth: With the development of the ecosystem, the value of A8 continues to increase, bringing considerable returns to holders.
Staking incentives: Staking A8 to get diversified rewards, including staking points, contribution recognition and in-game benefits, flexible choice of incentive methods.
At the same time, by staking A8, contributors will gain more power and in-game benefits, such as early access to new releases and products. These Incentive Mechanisms not only promote the circulation and use of $A8 tokens, but also stimulate the enthusiasm and participation of community members, jointly promoting the prosperity and development of the Ancient8 ecosystem.
The strategic allocation of $A8 tokens is crucial for cultivating a balanced and prosperous ecosystem. The following is a breakdown of the total supply allocation:
Communities and ecosystems: 32% (320,000,000 A8s)
Seed round: 10% (100,000,000 A8)
Private placement round: 6% (60,000,000 A8)
Team: 20% (200,000,000 A8s)
Consultants: 2% (20,000,000 A8s)
Public distribution: 5% (50,000,000 A8s)
Liquidity: 10% (100,000,000 A8)
Treasury: 15% (150,000,000 A8s)
With its composability, scalability, and compatibility with EVM, Ancient8 enables developers to easily build GameFi programs on its ecosystem and create an open and free web3 gaming environment. Taking advantage of the launch of The First ( byetf.com ) on A8, we delve into the core and future potential of the Ancient8 system, which helps us find potential opportunities in the blockchain gaming field.
What is Ancient8?
Ancient8 Chain is a gaming-focused, community-driven Ethereum Layer 2, powered by OP Stack and enhanced by Celestia , specifically designed to address scalability and adoption challenges faced by web3 games and consumer DApps. By leveraging the strengths of Optimism and Celestia, Ancient8 Chain prioritizes speed, cost-effectiveness, and provides developers with cutting-edge technology, especially for on-chain game development.
As the second layer network of Ethereum, Ancient8 Chain utilizes the rich resources and strong community foundation of the Ethereum ecosystem, while reducing transaction costs and improving transaction speed through its optimization technology. This enables games and DApps developed on Ancient8 Chain to enjoy the security of Ethereum, while avoiding congestion and high gas fees in the first layer network.
The support provided by OP Stack brings high scalability and flexibility to Ancient8 Chain, which is crucial for handling a large number of concurrent requests and complex game logic. The addition of Celestia further enhances its cross-chain communication capabilities and data availability, enabling Ancient8 Chain to better interact with other blockchain ecosystems and provide game developers with more choices and possibilities.
Ncient8 Chain pays special attention to the needs of game developers. Through Modularization design, developers can easily deploy their game logic and assets on the chain. This design not only lowers the development threshold, but also promotes interoperability between games and the prosperity of the ecosystem.
In the current era of high gas fees and limited transaction speed, Ancient8 Chain effectively reduces gas fees and improves transaction speed through its optimization technology. This is crucial for improving User Experience and attracting more players to participate, especially in game scenarios that require frequent interaction and instant feedback.
Ancient8 Chain emphasizes resonance with every participant, from players to builders, who can feel its unique charm and value. By building a fair, transparent, and inclusive gaming environment, Ancient8 Chain aims to inspire more innovation and creativity, and promote the sustainable development of the Web3 gaming ecosystem.
V. Ancient8 Token Economics
As the core token of Ancient8, $A8 is an ERC-20 token designed to be the lifeblood of the Ancient8 ecosystem. The total supply limit of the token is 1,000,000,000, and its design aims to ensure high community participation while cultivating a thriving ecosystem. The framework not only allows seamless transactions, but also incentivizes community participation.
As the core token of the Ancient8 ecosystem, $A8 plays multiple key roles, not only promoting participation, innovation, and ownership within the ecosystem, but also enhancing User Experience and driving value capture through a series of practical application scenarios and incentive mechanisms.
Governance mechanism: Decentralized governance ensures that $A8 holders and stakers participate in decision-making, shape future direction, and promote transparency and fairness.
Utility: A8 acts as a medium of exchange, supporting NFT minting, in-game purchases and subscriptions to exclusive content, enriching the gaming experience.
Exclusive access: Right of access to special events, new experiences and customised content for A8 holders, enhancing a sense of belonging and loyalty.
Value growth: With the development of the ecosystem, the value of A8 continues to increase, bringing considerable returns to holders.
Staking incentives: Staking A8 to get diversified rewards, including staking points, contribution recognition and in-game benefits, flexible choice of incentive methods.
At the same time, by staking A8, contributors will gain more power and in-game benefits, such as early access to new releases and products. These Incentive Mechanisms not only promote the circulation and use of $A8 tokens, but also stimulate the enthusiasm and participation of community members, jointly promoting the prosperity and development of the Ancient8 ecosystem.
The strategic allocation of $A8 tokens is crucial for cultivating a balanced and prosperous ecosystem. The following is a breakdown of the total supply allocation:
Communities and ecosystems: 32% (320,000,000 A8s)
Seed round: 10% (100,000,000 A8)
Private placement round: 6% (60,000,000 A8)
Team: 20% (200,000,000 A8s)
Consultants: 2% (20,000,000 A8s)
Public distribution: 5% (50,000,000 A8s)
Liquidity: 10% (100,000,000 A8)
Treasury: 15% (150,000,000 A8s)
