Achain is a Protocol That Already Has More DApps Than NEO

Achain is a Protocol That Already Has More DApps Than NEO and here’s how to earn your free ACT tokens with their loyalty program

 

Achain is a public blockchain platform that enables developers of all levels of issue tokens, smart contracts, create applications, and develop blockchain systems. They have successfully forked Bitcoin into ABTC as the first of many examples of how their tech can improve upon existing issues. Things like huge increases in transactions per second (1,000 TPS).

Forks on the BTC network typically represent disagreement, hostile attempts to grab control, or pure greed. With BTH and BTC gold, forks have become associated with less than reputable actors. Achain shows that this new platform is a business model that provides growing and ongoing value for coin holders.

Holding ACT gives you access to all these forks as they come and all of those forks have the subsequent advantage of already having a huge network in place to take advantage of. Imagine that by holding ETH, you received coins for every ICO done on Ethereum. This is the potential that ACT has.

Achain Loyalty Program

By simply holding ACT in the Kcash Mobile Wallet or the Achain PC/Web Wallet, ACT will be rewarded to you.

 

Registration

You can sign up to this Loyalty Program by sending 1 ACT to the following ACT address: ACTEiVHrZMwikGbft1nTPP1uyiQdxSd3DyJE

Double check the correct address on their official website: https://www.achain.com/loyaltyprogram.html

Once you transfer 1 ACT, your sign-up to the program will be confirmed and will be applicable to all phases of the program. You don’t need to repeat it for each phase. Also, you may join Achain’s Loyalty Program at anytime. If you miss out on one of the phases, make sure you transfer 1 ACT as soon as possible so you can get in the next one! In addition, only the ACT balance in the address that transferred 1 ACT to the above ACT address will be recorded in the snapshots.

 

Rewards & Distribution Principle

How to calculate ACT balance for each phase?

Once the block height reaches 1950000, a snapshot will be taken for every 50000 blocks to scan your account balance. Each phase has 5 snapshots. Your average ACT balance for each phase is the average of all the 5 snapshots of your ACT balances. If you don’t participate or your balance is zero in any of the snapshots, the ACT value of that particular snapshot will be taken as ZERO while calculating the average ACT balance of that phase. If the average ACT balance of one phase is greater than 1 million, it will be considered as 1 million.

For example: The second phase snapshots will be taken at the block heights of 1950000, 2000000, 2050000, 2100000 and 2150000. Likewise, this pattern will continue for all subsequent phases.

 

How much ACT will be rewarded in each phase?

The base (fixed) reward value is 300K ACT. In addition, the incentive is adjusted to it according to the market price of ACT and the total number of ACT participated in the phase. The details are as follows:
Amount of ACT Allocated for Rewards = Fixed reward value (300K ACT) + Price incentives (300K ACT or 0 ACT) + Total amount of ACT incentives (300K ACT or 0 ACT)

•Price incentives: According to CoinMarketCap platform, take the average value of the highest and lowest ACT/USDT price on the day of the last snapshot as the ACT/USDT price of the last snapshot . If it is higher than the ACT/USDT price of the last snapshot in the previous phase, then the ACT price incentive is considered as 300K ACT. Otherwise, it is 0.

•Total amount of ACT incentives : If the total amount of ACT participated in each phase is higher than the previous phase, then it’s considered as 300K ACT. Otherwise, it is 0.Examples are given:
If the ACT/USDT price and total amount of ACT taking part in the Loyalty Program are increased over the previous phase,
then the amount of ACT allocated for reward = 300K + 300K + 300K = 900K ACT;

If the ACT/USDT price is increased over the previous phase and the total amount of ACT taking part in the Loyalty Program is decreased over the previous phase, then the amount of ACT allocated for reward = 300K + 300K + 0 = 600K ACT;

If the ACT/USDT price is decreased over the previous phase and the total amount of ACT taking part in the Loyalty Program is increased over the previous phase, then the amount of ACT allocated for reward = 300K + 0 + 300K = 600K ACT.

If the ACT/USDT price and the total amount of ACT taking part in the Loyalty Program are decreased over the previous phase, then the amount of ACT allocated for reward = 300K + 0 + 0 = 300K ACT.How much you will earn?Your final reward of each phase = (Average ACT balance of the phase / Total amount of ACT participated in the phase) * (Amount of ACT allocated for reward in the phase)

 

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