Fushionist ACE token is the native token of Endurance, a web3 social and game infrastracture layer. Yes, its main purpose is engage to earn or play to earn.
Now the question is, there's been a lot of play to earn tokens in the past, what makes ACE different?The only difference is that, majority of ACE is owned by binance.
Binance owns 75% of this token, the devs owns 13%, and the others own barely 1% of it. During launch Binance initially holds more than90% of ACE. As the holders grow to more than 5 thousand, Binance holdings dropped to just 75%.
Why is token holdings important? Knowing who owns the token and how much the major holders are holding is indispensable. It is part of risk management and capital preservation.
Imagine if someone holding more than 10% of the token decides to sell? That would be fatal to a token. It will trigger stoplosses and consequently, massive price devaluations.
Hence, before investing be wary of holders holding 10% or even more. Get to know these holders and decide if they're an ally or a threat.
An exchange, and a dead wallet holding more of a token is a good sign. It means the token is most likely stable, trustworthy, and can't just be rugged by the developers or any other interested party.
Binance owning majority of ACE is an assurance that this token won't drop to crazy levels. If it will drop, it will only be to healthy retracement levels.
Since, the world's largest exchange owns majority of this token, it has one sure pathway, and that is going up. As people and exchanges buys the token from binance, the price will likewise soar to the moon and beyond. A possible x10 or even x100 gem. Attached is the ACE token holdings at bsc scan. DYOR. #TrendingTopic #Write2Earn #ACE/USDT
