$ 0.00 USD
$ 0.00 USD
$ 0.00 0.00 USD
$ 0.00 USD
$ 0.00 USD
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0.00 0.00 AC
Issue Time
2020-10-13
Platform pertained to
--
Current price
0.00
Market Cap
$0.00USD
Volume of Transaction
24h
$0.00USD
Circulating supply
0.00AC
Volume of Transaction
7d
$0.00USD
Change
24h
+213.81%
Number of Markets
More
Warehouse
Ana Cutillas
Github's IP Address
[Copy]
Codebase Size
12
Last Updated Time
2021-01-04 14:12:08
Language Involved
Python
Agreement
--
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
+213.81%
1D
+213.81%
1W
+87.32%
1M
+130.65%
1Y
-4.49%
All
-87.87%
Aspect | Information |
Short Name | AC |
Full Name | ACoconut |
Founded Year | 2020 |
Support Exchanges | MEXC |
Storage Wallet | Ledger Nano S and Trezor, etc. |
Customer Support | Twitter, Discord, Telegram, medium, Github, Docs, Coingecko, defipulse, Debank |
ACoconut (AC) is a decentralized financial ecosystem designed to connect the Bitcoin and Binance Smart Chain ecosystems. Released into the cryptocurrency market in 2020, its goal is to facilitate asset transfers between the two chains seamlessly and efficiently, ultimately creating more liquidity. ACoconut uses a model of cross-chain communication to enable the exchange of Bitcoin to the equivalent on Binance Smart Chain and vice versa. As a relatively new project, its potential impact on the continuity and interaction between different blockchain ecosystems is still evolving. AC, the native token of ACoconut, is used for governance in the ecosystem, allowing holders to vote on proposals to modify rules or make other decisions within the network.
To obtain more information, you can visit their website:https://acbtc.fi, and try to log in or register to use more services.
Pros | Cons |
Enables interoperation between Bitcoin and Binance Smart Chain | New and unproven system |
Facilitates asset transfers between two leading blockchains | Risks associated with cross-chain communication |
Decentralized financial ecosystem | Dependent on the continuity of Bitcoin and Binance Smart Chain |
AC token has governance functionality | Specifications and design might change based on voting |
Pros of ACoconut (AC):
1. Interoperability: ACoconut (AC) enables interoperation between Bitcoin and Binance Smart Chain, thus bridging the gap between the two distinctive ecosystems. This feature potentially expands the use cases and opportunities for liquidity and investment.
2. Asset Transfers: It offers a platform that facilitates seamless and efficient asset transfers between two leading blockchains - Bitcoin and Binance Smart Chain.
3. Decentralized Financial Ecosystem: ACoconut forms a decentralized financial ecosystem, which is a tenet of the crypto world, aimed at reducing financial intermediaries.
4. Governance functionality: The AC token of ACoconut carries with it governance functionality. Holders can use their AC tokens to vote on proposals and make critical decisions, contributing to the evolution of the ACoconut ecosystem.
Cons of ACoconut (AC):
1. New and Unproven System: As ACoconut was initiated in 2020, it represents a relatively new system whose impact on the crypto market is yet to be fully realized and proven.
2. Cross-chain risks: The risks associated with cross-chain communication, such as the risk of interoperability issues or transaction failures, are also potential concerns for ACoconut.
3. Dependence on other blockchains: ACoconut's efficiency and effectiveness are dependent on the continuity and robustness of Bitcoin and Binance Smart Chain. Any disruption to these chains could impact ACoconut's operations.
4. Changes based on voting: Since the specifications and design of ACoconut can change with governance voting, this can potentially lead to unpredictability in its future path and usage.
ACoconut (AC) introduces a new dimension of interoperability within the cryptocurrency space by integrating two leading blockchains - Bitcoin and Binance Smart Chain. Traditionally, Bitcoin and Binance Smart Chain operate independently, with their own unique protocols and use cases. However, ACoconuts ability to facilitate the transfer of assets between these two different ecosystems is a unique characteristic not commonly found in many other cryptocurrencies.
Another noteworthy feature of ACoconut is the governance mechanics of its native token, AC. Unlike some cryptocurrency platforms where decisions are made centrally or through a small sector of core developers, holders of the AC token can vote on proposals within the ecosystem. This allows for more wider user participation in the network's decision-making process, enhancing its decentralized nature further.
However, while these innovations distinguish ACoconut from other cryptocurrencies, it's important to mention that it also inherently inherits the risks associated with cross-chain communication and dependency on existing blockchains. It's yet unclear how ACoconut will manage these challenges compared to other cryptocurrencies.
ACoconut operates through a model of cross-chain communication that bridges the gap between Bitcoin and Binance Smart Chain. This mechanism involves creating a decentralized finance system that facilitates the transfer of Bitcoin assets into the Binance Smart Chain ecosystem, and reciprocally, allowing assets on the Binance Smart Chain to be transferred back to the Bitcoin blockchain.
The working principle of ACoconut primarily involves four steps:
1. Wrapping: Bitcoin assets are wrapped or locked into the ACoconut protocol.
2. Issuance: A tokenized representation of the wrapped Bitcoin is issued on the Binance Smart Chain at a 1:1 ratio.
3. Trade or usage: The issued token can be traded or used on the Binance Smart Chain ecosystem.
4. Redemption: When needed, the token can be redeemed, unwrapping the original Bitcoin from the ACoconut protocol and returning it to the Bitcoin blockchain.
The ACoconut protocol is managed by its native token, AC, which is held by users and investors of the ACoconut system. AC token holders are granted voting rights that are used to vote on proposals or changes affecting the ecosystem.
This model benefits users by opening up more opportunities for leveraging assets on either Bitcoin or Binance Smart Chain, as a single asset can now be used in both ecosystems almost simultaneously.
ACoconut (AC) is a relatively new cryptocurrency, so its price has been quite volatile since its launch. In early 2023, AC reached an all-time high of $0.00015, but it has since fallen to around $0.00009 in October 2023.
ACoconut (AC) does not have a mining cap. This means that there is no limit to the number of AC coins that can be created.
The total circulating supply of ACoconut (AC) is currently 500 million AC. This means that there are currently 500 million AC coins in circulation.
ACoconut (AC) is a cryptocurrency that can be used to purchase goods and services from merchants that accept AC payments. AC is currently listed on one exchange:
MEXC is a cryptocurrency exchange that offers a wide variety of cryptocurrencies to trade, including AC. MEXC is known for its low fees and wide range of supported trading pairs.
ACoconut is a relatively new cryptocurrency and is not as widely traded as other cryptocurrencies. It is important to do your own research before investing in AC and to understand the risks involved.
ACoconut (AC) tokens are based on the Binance Smart Chain (BSC), and as such, can be stored in any wallet that supports BSC tokens. A private wallet is generally the safest way to store your AC tokens, as these offer more control and security than exchange-based wallets. Below are a few examples of wallet types that would be compatible:
1. Hardware Wallets: Wallets like Ledger and Trezor offer top-of-the-line security by storing your tokens offline, reducing the risk of online threats. Interaction with blockchain is done through secure interfaces, and unless lost or physically stolen, they offer excellent security. Ledger Nano S and Trezor are two examples of such wallets.
2. Software Wallets: These are programs or apps that you install on your computer or smartphone. Wallets like Metamask, Trust Wallet, or Binance Chain Wallet fall under this category. They offer a good balance between security and convenience, but they require careful handling, as compromising the devices where they are installed may lead to loss of funds.
3. Web Wallets: These are wallets that run on internet browsers, like the Binance Chain Wallet extension for Chrome or Metamask for various browsers. While convenient, they are considered less secure than hardware or certain software wallets, as they can be vulnerable to certain types of hacking attacks common on the internet. An example of a popular web wallet is MyEtherWallet.
Before deciding which wallet to use, consider your individual needs in terms of security, convenience, and control. Always remember to back up wallet data as advised by the respective wallet management guide.
Purchasing ACoconut (AC) tokens might be suitable for those who are interested in cross-chain communication and interoperability between Bitcoin and Binance Smart Chain. These individuals might be interested in the increased liquidity and trading opportunities that the ACoconut ecosystem provides.
Here are some considerations for those interested in buying AC tokens:
1. Market Research: Buyers should conduct comprehensive research about ACoconut and the performance of AC tokens before purchasing. They should also consider the project's innovative approach to cross-blockchain communication and how it could impact future growth and development.
2. Risk Management: Cryptocurrency investments, including ACoconut, carry significant risk due to the volatility of the market. Potential buyers should be prepared for financial losses and should aim to diversify their investment portfolios to manage risk effectively.
3. Technical Understanding: Buyers should have a good understanding of how to operate digital wallets, cryptocurrency exchanges, and how to securely store and manage their digital assets.
4. Decision-making Ability: The governance model of the ACoconut ecosystem allows AC token holders to participate in decision-making processes. Potential buyers should be comfortable with this level of involvement and commitment.
5. Legal Considerations: Cryptocurrency regulations vary widely by country, so potential buyers should make sure they understand the legal implications and responsibilities of buying and owning AC tokens.
6. Long-Term Perspective: Given its recent inception, the ACoconut project might be better suited to investors who are willing to hold their investments for a longer-term period and weather potential short-term price volatility.
As with any investment, buying ACoconut (AC) should only be done after careful consideration and professional advice tailored to the individual's financial situation, risk tolerance, and investment goals.
ACoconut (AC) is a relatively new cryptocurrency project launched in 2020 with an aim to bridge the gap between the Bitcoin and Binance Smart Chain ecosystems. By facilitating cross-chain asset transfers, ACoconut is looking to make strides in the growing sector of decentralized finance. The AC token, native to the ACoconut ecosystem, is utilized for governance, granting holders the ability to guide the future development of the project.
Predicting the future appreciation of any cryptocurrency, including ACoconut, is inherently speculative due to the volatility of the crypto market. Factors such as broader market trends, investor sentiment, regulatory developments, technological advancements, and competition from other projects can all influence the price of the AC token.
The development prospects of ACoconut largely depend on the project's ability to maintain and develop its cross-chain functionality, foster a strong and engaged community, and navigate the broader economic and regulatory environment of the cryptocurrency industry.
Before making any investment, potential investors should conduct thorough research and consider seeking advice from financial professionals. It's also essential to remember that while the ACoconut project has potential, like all investments, it carries risk and there is no guaranteed return or assurance of appreciation. Always consider your own financial situation, risk tolerance, and investment goals when considering an investment in ACoconut or any other cryptocurrency.
Q: What is the main function of ACoconut (AC)?
A: ACoconut (AC) primarily serves as a platform for facilitating seamless asset transfers between the Bitcoin and Binance Smart Chain ecosystems.
Q: How does the cross-chain communication in ACoconut occur?
A: ACoconut enables cross-chain transfers by locking Bitcoin assets into the protocol, issuing an equivalent in Binance Smart Chain tokens which can be traded on BSC, and later unwrapped back into Bitcoin as needed.
Q: What additional benefits does the AC token provide its holders?
A: Holders of the AC token are given governance rights, allowing them to vote on proposals and decisions within the ACoconut ecosystem.
Q: Who may find investing in ACoconut (AC) to be a suitable investment?
A: Individuals interested in cross-chain communication between Bitcoin and Binance Smart Chain, who are comfortable with the risks associated with cryptocurrency investments, may find investing in ACoconut suitable.
Q: Which exchange can buy ACoconut (AC)?
A: ACoconut (AC) tokens are typically bought on MEXC.
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
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