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Ace Asset (XAS)

Ace Asset (XAS) is the utility token purposed to manage other network assets and protocols.

XAS gives its owners some privileged rights:

  • voting for changes in protocols and smart-contracts (described here)
  • voting for delegation of rights to "Oracles"
  • participating in network's profit

Info

To obtain rights to DAO Ace Stream assets, the owners of these tokens have to register in the Ace Assets DeFi program

Token issuing

XAS is issued in a one-time amount of 10,000,000,000 XAS.

Initial rate of XAS token at the start of sales: 1 "Ace Asset" = $1

Token distribution

30% - Ace Stream developers team

70% - for the strategic development, expansion of the service infrastructure and customer base of the Ace Network (acquisition of shares in other companies in order to ensure high dynamics of growth in the number of Network users; expanding the service and technological capabilities of the Network; acquiring rights to content for publication on the Web; providing the token with offline financial mechanisms ( financial institutions), for maximum convenience of using tokens in everyday life, when carrying out mutual settlements; etc.)

Initial Offering

Private token sale, in the form of direct sales of Ace Asset (XAS) tokens to strategic partners and users of Ace Stream.

The period of the private token sale: from 06/01/2022 to 11/31/2022. Attention! The token sale may be suspended ahead of schedule, at any time, by the decision of its organizers.

Participants of the private token sale will be entitled to purchase tokens with a discount of up to 50%, depending on the amount and date of purchase:

USD, $ Discount, %
Amount 06.2022 07.2022 08.2022 09.2022 10.2022 11.2022
Up to 1 thousand 10 9 8 7 6 5
1-10 thousands 15 13.5 12 10.5 9 7.5
10-100 thousands 20 18 16 14 12 10
100-500
thousands
25 22.5 20 17.5 15 12.5
500 thousands -
1 million
30 27 24 21 18 15
1-2 millions 32 28.8 25.6 22.4 19.2 16
2-3 millions 34 30.6 27.2 23.8 20.4 17
3-4 millions 36 32.4 28.8 25.2 21.6 18
4-5 millions 38 34.2 30.4 26.6 22.8 19
5-6 millions 40 36 32 28 24 20
6-7 millions 42 37.8 33.6 29.4 25.2 21
7-8 millions 44 39.6 35.2 30.8 26.4 22
8-9 millions 46 41.4 36.8 32.2 27.6 23
9-10 millions 48 43.2 38.4 33.6 28.8 24
From 10 millions 50 45 40 35 30 25

The acquisition of tokens within a private token sale is carried out by purchasing the rights to receive a certain amount of tokens.

As the result of buying Ace Stream releases the NFT (ERC-721) bound to amount of tokens sold to the person or organisation. Such NFTs guarantees their exchange for Ace Stream tokes when main network is operational. Circulation of NFT issued by private sell is not limited.

ERC-721 - token standard in the Ethereum network

The right to purchase tokens in the amount of up to $1000 is granted to any of the Ace Stream users who have activated any of the premium tariff plans (Smart, Standard, Premium).

Users who have activated the premium tariff on a date prior to 06/01/2022 receive a privileged right to purchase tokens in the amount of up to $10,000 and an additional 10% discount.

To participate in a private token sale, in order to purchase tokens worth more than $1,000, you must submit an appropriate application and receive an invitation from the organizer (Ace Stream).

After the private sale, it will be possible to buy tokens directly on the Ace Stream open trading platform, at a market price. In addition, OTC transactions will be available: tokens purchase directly from the organizer (Ace Stream). The sale of tokens by the organizer will be carried out at the market price, but not lower than the face value (1 XAS >= 1$).