The ACS token issued by Access Protocol has seen a notable rise in value following the launch of Creator Coins on the Solana blockchain. These coins are designed to support digital creators.
Introduction to Creator Coins
Creator Coins represent a new initiative from Access Protocol aimed at helping digital creators earn money while rewarding their early supporters. The overall price of ACS tokens doubled after the announcement of these coins, indicating heightened interest in new opportunities.
Proof of Audience Mechanism
The system employed in Creator Coins is based on the Proof of Audience mechanism, which ensures that only creators with real engagement can launch their tokens. By using ACS staking, creators set up a staking pool where supporters commit tokens. If the pool meets the required goals, the creator's token officially launches.
Incentive Program for Creators
Access Protocol also runs the Access Creator Token Incentive Program, incentivizing creators, stakers, and traders throughout its ecosystem. Over 40 million $ACS tokens will be distributed every month. New creators receive a launch reward of 300,000 $ACS for successfully deploying a Creator Token, while stakers and traders receive regular rewards.
The launch of Creator Coins and the incentive program highlight the growing interest in Access Protocol's new approach, solidifying its position against the backdrop of expanding trading on Solana.
