Binance, the leading cryptocurrency exchange, recently announced the introduction of a new project on its Launchpool platform. The project, called Fusionist (ACE), serves as the native token for Endurance, a decentralized social blockchain. With the goal of revolutionizing the gaming industry, Endurance will feature a web3 AAA game.
Fusionist (ACE) serves as the primary token for Endurance, a decentralized social blockchain that incorporates advanced technologies to create a seamless gaming experience. Designed to disrupt the traditional gaming landscape, Endurance aims to provide users with a decentralized platform where they can enjoy high-quality games while maintaining ownership and control of their in-game assets.
Launchpool Details
With the launch of Fusionist (ACE) on the Binance Launchpool, an initial circulating supply of 21,969,520 ACE tokens will be made available to participants. This allocation represents approximately 14.95% of the total token supply, ensuring widespread distribution and community involvement from the start.
Farming Period
From December 13th to December 17th, users can take part in the farming process to earn ACE tokens. To participate, individuals need to stake either Binance Coin (BNB) or FDUSD tokens. By staking these tokens, users contribute to the liquidity of the Fusionist project and are rewarded with ACE tokens in return.
Reward Distribution
During the farming period, the rewards for participants will be distributed based on the staked tokens. Specifically, 80% of the rewards will be allocated to BNB stakers, while the remaining 20% will be distributed among FDUSD stakers. This system ensures that both types of contributors are incentivized to actively participate in the Launchpool project.
Listing and Trading
Following the farming period, Binance plans to officially list the Fusionist (ACE) token on December 18th at 6:00 UTC. The listing will provide users with seamless access to ACE tokens and enable them to trade their rewards on the platform. Binance will offer multiple trading pairs to enhance liquidity and foster a dynamic trading environment.
Reward Calculation
Binance has implemented a robust reward calculation system for the Fusionist (ACE) farming process. The exchange will take snapshots of users’ balances and pool balances multiple times each hour. These snapshots will then be used to accurately calculate the rewards for participants, ensuring transparency and fairness throughout the process.
Reward Claiming and Staking
Participants can accumulate their rewards and claim them directly to their spot accounts at any time during the farming period. This flexibility allows users to manage their rewards according to their individual preferences and trading strategies. Additionally, participants are free to unstake their tokens whenever they desire, providing them with full control over their assets.
Unclaimed Rewards
In the event that participants do not claim their rewards during the farming period, Binance will automatically deposit these unclaimed rewards into their spot accounts. This ensures that users do not miss out on any potential rewards, even if they are unable to actively manage their farming activities.
Fusionist (ACE) marks the 40th project to be launched on the Binance Launchpool, highlighting the continuous growth and innovation of the platform. With its introduction, Binance aims to support and incubate projects that bring tangible value to the crypto community. By providing a platform for the Fusionist project, Binance is helping to foster the development of the Endurance blockchain and its ambitious vision of revolutionizing the gaming industry. Participants in the farming process can look forward to earning ACE tokens, engaging in the game ecosystem, and being part of a groundbreaking, decentralized gaming experience.