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achain  (ACT)

Achain (ACT)

$0.02678441 -2.9%
0.00000044 BTC -4.9%
2,081 people like this
Market Cap
24 Hour Trading Vol
24h Low / 24h High
$0.02558975 / $0.02893106
Circulating Supply
857,440,445 / 1,000,000,000

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Achain Price and Market Stats

ACT Price $0.02677589
Market Cap $22,977,950
Market Cap Dominance 0.00%
Trading Volume $5,518,694
Volume / Market Cap 0.2402
24h Low / 24h High $0.02558975 / $0.02893106
7d Low / 7d High $0.02236126 / $0.02787293
Market Cap Rank #777
All-Time High $1.48 -98.2%
Jan 09, 2018 (over 3 years)
All-Time Low $0.00242272 1006.1%
Mar 13, 2020 (about 1 year)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
0.026936 USDT
0.43% $13,759 $16,743
42825783.341 ACT
20.88% Recently
0.02703 USDT
0.41% $6,792 $7,021
94814854.015 ACT
46.39% Recently
401 IDR
0.25% $2,394 $17,896
14393595.129 ACT
7.16% Recently
0.000000447 BTC
0.44% $225 $2,728
39526800.538 ACT
19.31% Recently
0.00001261 ETH
1.18% $705 $4,721
972270.364 ACT
0.48% Recently
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* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

About Achain Coin

Achain price today is $0.02678441 with a 24-hour trading volume of $5,526,803. ACT price is down -2.9% in the last 24 hours. It has a circulating supply of 860 Million ACT coins and a max supply of 1 Billion. Huobi Global is the current most active market trading it.

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.

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