Rank #1105
2,754 people like this
achain  (ACT)

Achain (ACT)

$0.011406216358 0.2%
0.00000024 BTC 1.5%
2,754 people like this
24H Range
Market Cap $9,776,558
24 Hour Trading Vol $1,273,687
Circulating Supply 857,440,445
Total Supply 1,000,000,000
Max Supply ?
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Achain (ACT) Price Chart

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ACT Price and Market Stats

ACT Price $0.011398761121
Market Cap $9,753,474
Market Cap Dominance 0.00%
Trading Volume $1,272,837
Volume / Market Cap 0.1305
24h Low / 24h High $0.011292459802 / $0.011811540490
7d Low / 7d High $0.010758231561 / $0.011959791715
Market Cap Rank #1105
All-Time High $1.48 -99.2%
Jan 09, 2018 (over 3 years)
All-Time Low $0.002422723389 369.6%
Mar 13, 2020 (over 1 year)

Achain Coin Price & Market Data

Achain price today is $0.011406216358 with a 24-hour trading volume of $1,273,687. ACT price is up 0.2% in the last 24 hours. It has a circulating supply of 860 Million ACT coins and a total supply of 1 Billion. If you are looking to buy or sell Achain, Indodax is currently the most active exchange.

Achain is a public blockchain platform that enables developers of all levels to issue tokens and create smart contracts, decentralized applications, and blockchain systems. Achain is committed to building a global blockchain network for information exchange and value transactions. Unlike Bitcoin or Ethereum, Achain utilizes a modified version of DPoS — RDPoS (Result-delegated Proof of Stake) to establish node consensus. Shortly, DPoS suggests that all coin holders vote for the validator nodes that will produce the next blocks.

On the project website, only info about CEO Tony Cui is listed. Cui has a few significant accomplishments, including winning the Future Star award from the Zhongguancun Alliance and being listed in the 30 under 30 on CYZONE, a famous venture capital magazine. On LinkedIn, 51 people are listed as employees at Achain. Most of the team is based in Beijing. Achain also has a few key industry partners. It has even co-organized a “Blockchain Technology Open Course” with Tsinghua University, which is widely recognized as one of the world’s top universities.

The roadmap for Achain development is fairly detailed. However, most goals listed are development-oriented rather than marketing or design. Still, it’s important to note that focusing on making the protocol interoperable and building a technology that is more accessible to mainstream adoption could also be considered a marketing-oriented part of this project. There are three major phases with projected completion dates listed. These include Singularity (completed Q1), Galaxy (ongoing), and Cosmos (complete at the end of Q4). One thing to note is that dates for these phases are not consistent between the homepage and the whitepaper. This could be simply due to a scenario in which phase names remain the same while new goals and timeline dates within those phases continue to change. In January 2019, the project will update the website to reflect roadmap goals for the new year.

Looking at the current landscape of blockchain projects, Achain certainly offers the possibility of much-needed technical innovations. The ability to easily create an Achain fork, as well as, the protocol’s unique RDPoS consensus algorithm make this a promising project. It will be interesting to see how Achain builds upon its accomplishments, and how the project team continues to develop a long-term strategy for improving the protocol’s technical capabilities and increasing participation in its ecosystem.

Achain News & Guides

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