Forgot About Access Protocol Until Now - $ACS Bounties And NFTs

about 18 hours ago

This story goes back to February 2023, when I received $ACS tokens after I spent Coingecko candies to register for the airdrop. The initial distribution was locked for a year, but I also received some extra tokens that weren't locked. I could have sold back then but I didn't. My HODL mentality seen some potential in Access!

The Access crypto vision was appealing, offering a new model monetization layer for all digital content creators. By integrating Access Protocol on their site, the creators can paywall and enable premium content to their supporters. This enables all digital media companies to prioritize user experience and realigns creator incentives.

The Access Protocol Web3 monetization platform was designed to simplify and enhance the relationship between content creators and audiences. It uses $ACS to create a unique subscription model, where users can stake tokens in a creator's pool to access premium content without needing traditional payments like credit cards.

The protocol emphasizes building community-driven incentives and engagement. It offers creators tools to identify and reward their most loyal fans, enabling tailored interactions. The ACS tokenomics also include mechanisms like a 5% annual inflation rate balanced by quarterly staking fees, which are burned to combat inflation.

I thought that the innovative model positions Access Protocol created was a promising solution in the Web3 content space, and stacked the 14,821 unlocked tokens to the 8,502 that were already locked for one year in the Coingecko pool.

A lot happened since February 2023, along with constantly claiming the $ACS rewards and compounding the earnings. Coinbase Wallet added some quests with rewards from Access Protocol, and I earned thousands more tokens by completing them.

I added those rewards in the pot, and then in February 2024 I was able to access all the $ACS tokens. I had the whole pot unlocked and was able to sell... but I didn't! The two reasons why I kept the tokens in HODL mode were simple... the $ACS prize went down 70% and I was still considering the Access vision as a ground-breaking innovation.

I left the tokens staked in two pools, Coingecko and burgeois, gathering $ACS and some free NFT drops now and then. Bull market started after Donald Trump was elected, and Solana bloomed once again. I remembered about my staked tokens and claimed 10,514 $ACS upon checking the dApp.

The burgeois vault didn't performed well, considering the artist constantly shared NFTs to those that staked in the pool, while on Coingecko I know I am supporting a tool that I am constantly using. Pondering the above options, I stacked the 2024 rewards into the leading cryptocurrency data aggregator that is always providing comprehensive insights into prices, market caps, trading volumes.

Added 10k into the Coingecko pool, valued at $15 on the day, and realized that my $ACS stash reached 95k tokens. Even so, their value is still half of what the initial 23,000 ACS where valued upon distribution day. The price is slowly growing so now I am patiently waiting for an ATH and then I will have to take a decision! Time will tell!