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What Is Access Protocol?

Feb 22, 2023
3 min read

This blog post will cover:

  • About Access Protocol (ACS)?
  • Where did Access Protocol (ACS) come from?
  • What are the advantages of Access Protocol (ACS)?
  • What are the disadvantages of Access Protocol (ACS)?
  • How to buy ACS?

About Access Protocol (ACS)?

ACS is a native token of the Access Protocol. This platform provides a solution of monetization for digital content creators. This protocol can be integrated on a website, it will help to set up types of content, such as free and premium. Basically, if this service is on, a user subscribes to a pool of a creator, which contains ACS tokens, then a certain part of data is unlocked. Both participants receive a reward for using the protocol. However, types of the subscription for the creator and a person who wants access, are different. Only the creator possesses ownership of their tokens. At the same time, access to creators’ products has a 2% fee. Accumulated rewards can be used as contributions to other creators.

Where did Access Protocol (ACS) come from?

The founder of the project is Mika Honkasalo, previously he worked with DeFi and investments.

Access Protocol has an interesting idea behind the service. The founders of the company noticed an unbelievable difference between the traffic and revenue of digital content companies and contemporary social media. The popularity and financial opportunities of social media make competition highly unsustainable. This results in several things. First of all, the quality of content on social media decreases. Secondly, big companies support some creators, which gives them an uneven competitive advantage. Finally, it is super hard for other companies that produce digital media to attract new customers and establish monetization. The Access Protocol is meant to reinvent the consumption model of this type of content, as it is stated in the whitepaper

What are the advantages of Access Protocol (ACS)?

  1. Digital content monetization
    It seems to be a very useful and quite easy-to-use instrument, which has an enormously big area for implementation.
  2. Benefits
    Creators and users both receive rewards for the adoption of the protocol, which is highly beneficial and motivating.

What are the disadvantages of Access Protocol (ACS)?

  1. Reward disappearance
    As follows from the
    official Twitter account, the biggest problem is lost rewards. However, it seems that the team is working actively on the solution.
  2. Inflationary token
    This situation is rather dangerous for those who hope to accumulate some amount of tokens. Since its price is falling at the moment, it influences the value of gained rewards.

How to buy ACS?

If you find the Access Protocol interesting and would like to test it, you will need to purchase the ACS tokens. We would be pleased to help. Just follow the instructions below:

  1. First, select the cryptocurrency you want to exchange (for instance, BTC). Enter the amount you would like to swap.
  2. Choose ACS in the second drop-down list as the crypto you want to get. You will see the estimated amount that you will receive after the exchange.
  3. Click the Exchange button.
  4. Enter the Recipient's Address. ACS tokens will be sent there. Please ensure that you use the correct address.
  5. Create the exchange.
  6. You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the BTC to ACS exchange. Then wait for tokens to reach your wallet.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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