Thank you to everyone showing support for ACChain since its inception. Intended as a “Digital Gold Reserve”, ACChain aims to create a stable and secure digital fund that supports the free circulation and settlement of global assets and fiat.
In January 2018, ACChain received accreditation from IDAXC, the global decentralized digital asset management organization, at the World Economic Forum in Davos, Switzerland.
In our Telegram groups, we often get asked the same questions. We hope that by creating this FAQ here, ACChain supporters will quickly find the information you need!
1. White paper : The ACChain White Paper version 2.0 will probably be released in Q2 this year. Follow our Twitter for updates!
2. Purpose : ACChain transforms physical assets into digital assets.
Dubbed “Blockchain 3.0”, these digital assets will be anchored to reality instead of abstract concepts, giving the industry the much desired stability.
3. Technology : Open-source blockchain technology is the underlying technology of ACChain.
4. Tokens : ACC is the native token of the ACChain platform. Everyone participating in the ACChain marketplace will need to pay ACC as fuel.
5. Supply : The total circulating supply of ACC, the ACChain token is 204 million. The total supply is 100 billion.
6. Assets : Assets that have high requirement for traceability certification, data retention, product uniqueness, in industries that have an urgent need for an increase in liquidity, are suitable for distribution as digital assets on the ACChain platform. In future, a list of these assets will be available on ACChain.org
7. China : China’s ICO prohibitions does not prohibit blockchain technology development. ACChain is not a virtual digital currency organization, but a public chain that uses blockchain technology to digitize assets.
8. Website : www.ACChain.org will be undergoing an upgrade soon. It is the only official website for ACChain. Only visit www.ACChain.org and no other website saying it is ACChain.
9. List : The new website will contain a list of all digital assets distributed through ACChain protocols.
10. Value : ACC is a token designed for the long hold. It’s value increases as the number of products transformed into digital assets on ACChain increases.
11. Benefit : The tokens bring traceable certification to businesses, increasing sales opportunities, liquidity, and introducing a more accountable business model.
12. Exchanges : Currently, you can buy ACC on TradeSatoshi and Allcoin. Other mainstream exchanges will be added in Q2 2018.
13. Wallets : New Android and iOS wallets will be uploaded to the website soon. In the meantime, download the ACC wallet from http://www.acchain.org/download.html. For the old wallets, if you want your wallet downloaded in English, please set your phone language to English prior to downloading. Otherwise, it defaults to Chinese.
14. Release : The next round of ACChain token issuance will start when the following 3 requirements are met: (1) At least 180 days interval between the next round and last round; (2) the price of the token must be 6x higher, and; (3) the value of the anchoring assets must be 10x higher than present ones. The total supply of 100 billion ACC won’t be released at once.
15. MEW? No. ACC is a separate Blockchain technology and it is not an ERC-20 Token and can’t be stored in MEW.
16. Supernodes : Supernodes are how new ACC is acquired through proof of stake. ACChain has supernodes in five major areas, with more to follow. To review the requirements of supernodes, visit https://www.acchain.org/en/acchain_install.html.
17. IDAXC : ACChain is a founding member of the International Digital Assets Exchange Council (IDAXC), a decentralized body uniquely mandated to set the standards for the digitization and ultimate reconstitution (or settlement) of real assets anchored to digital coins.
18. Tech Support : If you still have questions, please email contact@acchain.org or security@acchain.org for further help.
