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Ancient Society Blockchain Update: A New Dawn for Digital Prosperity
  • Jan 08, 2025
  • MasterIsaac by MasterIsaac

New Year Greetings and Announcements

We begin this year with a heartfelt greeting to all members of the Ancient Society community. It is with great joy and enthusiasm that we announce the successful completion of our new Ancient Blockchain, a pivotal step in realizing the full potential of our ecosystem. This blockchain upgrade comes with a host of new features and improvements aimed at strengthening our digital infrastructure and enhancing user experience.

 

New Coin Pricing Mechanism

Following extensive consultations with the community through the pool discussions initiated in September, a new pricing mechanism for the Ancient Coin has been adopted. The results of the community poll indicated preferences for redefining the price based solely on coin holders rather than all registered members. The outcome was as follows:

  • 7% favored all registered members pricing approach.
  • 8% preferred a KYC verified Members Approach.
  • 85% agreed that coin holders should drive the pricing structure.

As a result, the price of the Ancient Coin has been set at $117.5, reflecting the holdings of 7,038 coin holders. This marks a significant milestone, giving us a fresh start to reorganize and claim the prosperity that blockchain technology promises.

This new pricing model presents an opportunity for newcomers to accumulate more Ancient Coins before the price experiences a substantial increase. We believe this price level is temporary, as the value will rise rapidly once our massive publicity campaigns are launched.

To our existing coin holders, we encourage patience and faith in the project. The current price is not permanent, and we anticipate a significant price surge as more people recognize the potential of the Ancient Society and join our mission.


Improved P2P Trading Platform

One of the key upgrades in the new blockchain is the enhancement of our P2P Trading Platform. We have addressed several issues that previously affected trading efficiency:

  • Elimination of latency: The platform now operates seamlessly, ensuring fast and reliable transactions.
  • Automated timer functionality: The timer now works robotically to prevent congestion and trading hijacks.
  • Futile attempts penalty: Users who make three unsuccessful trade attempts will face a 48-hour account suspension to ensure responsible trading practices.

To foster a fresh start, all previous trades on the exchange have been reversed to their respective wallets, allowing users to begin anew with a clean slate.

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Enhanced Security on the Main Coin Exchange

Our Main Coin Exchange has undergone significant security upgrades. We have implemented a three-level security protocol to safeguard the liquidity pool from potential intrusions. This ensures that users can trade with confidence and security.

Currently, the Main Coin Exchange supports only Cashable ANC for rapid sales. We are actively working to fund the exchange with sufficient liquidity to support the swapping or exchange of Regular ANC.

We remind our members of the original concept behind the distribution of Ancient Coins:

  • The primary goal was not to cash out immediately but to spread the good news of the Ancient Society.
  • Sharing coins among peers helps to increase awareness and participation in the project.

Nevertheless, we understand the necessity of facilitating swaps and liquidity for members who wish to trade. This is why we are working tirelessly to attract more investors to bolster our liquidity pool.

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Membership Registration, KYC, and Merchant Integration

The processes for membership registration, KYC (Know Your Customer) verification, and merchant registration have been streamlined to provide a seamless experience for users.

Additionally, we have introduced Google mapping integration to our merchant locations, making it easier for users to identify and locate merchants within their area. This innovation enhances both user experience and the visibility of our merchant network.

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Ancient Pay: A Pan-African Payment Gateway

We are making significant progress in integrating Ancient Pay across all our software platforms. Our goal is to create a Pan-African payment gateway that connects people across the continent through a unified digital payment system.

Once fully operational, Ancient Pay will provide a seamless payment solution for purchases and transactions, further solidifying the Ancient Society’s position as a leader in digital finance.

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The New Blockchain Application

In line with our ambition to provide comprehensive digital solutions, we have successfully launched the Ancient Blockchain App for Android devices. The app is functioning as expected, with ongoing improvements planned to keep it competitive with other leading blockchain applications.

The iOS version has encountered regulatory and legal challenges, particularly concerning financial requirements imposed by Apple. While we continue to work on meeting these requirements, iOS users are encouraged to use the web-based platform, which offers more features and functionality than the app. https://play.google.com/store/apps/details?id=com.ancient.wallet

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New Ancient Explorer

https://explorer.ancientscoin.com/

The New Ancient Explorer is another exciting feature of the upgraded blockchain. This tool offers:

  • Real-time monitoring of up to 100 transactions (a significant improvement over the previous limit of 10 transactions).
  • Comprehensive wallet transaction history for users to track their activities.

The explorer is set to become a valuable tool for crypto enthusiasts, enabling detailed inquiries, analysis, and comparisons. We are also working towards implementing a feature that allows users to pay transaction fees using Cashable ANC, which will be a major milestone once completed.

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Next Steps and Call to Action

Our next major move focuses on massive publicity and awareness campaigns. We aim to achieve this through:

  • Pan-African Engagement: Building partnerships and strengthening our presence across Africa.
  • Investor Attraction: Securing strategic investments to support the project.
  • Massive Public Awareness: Utilizing radio, television, social media, and bloggers to spread the message.

We need the collective effort of the community to spread the word, attract investors, and harness the resources necessary to fund the liquidity pool and achieve our shared vision.


Conclusion

The Ancient Society is at the forefront of blockchain innovation, creating a digital ecosystem that connects people, facilitates financial inclusion, and empowers communities. The upgrades to our blockchain, P2P platform, exchange security, and merchant integration represent significant progress in our mission to build a sustainable and prosperous digital society.

We encourage all members to seize this opportunity to contribute to the growth of the Ancient Society. Together, we will achieve unprecedented success and create a legacy of light, love, and digital innovation for generations to come.

Let us continue to spread the good news, support each other, and shape the future of digital finance. The journey has just begun, and the possibilities are limitless.

 

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