Are you familiar with the expression "to swallow the bitter pill"? According to the Cambridge Dictionary, it refers to "something that is very unpleasant but must be accepted." Bitter pills are not accidental; they are inevitable challenges we must face in life. However, how we handle these challenges significantly impacts our lives.

The Ancient Coin project is a highly significant endeavor due to the substantial impact it is expected to have on Africa and the world. As such, it is crucial for us, as financiers and pioneers of this inaugural project, to approach every decision with pragmatism and careful consideration.

Managing a project like Ancient Coin is inherently challenging due to the uniqueness of our algorithm. There has never been a project with such an ambitious strategy that we could use as a case study or learn from. It's not that no one has ever thought of such a project; rather, the high costs and the significant risk of failure have deterred many forecasters from pursuing a similar path. When we first developed the blueprint, 99% of the people we consulted deemed it impossible. Yet, here we are, breaking through what once seemed impossible.

As the saying goes, "You can't make an omelet without breaking a few eggs." We did not expect to navigate such an ambitious venture without encountering any obstacles. Instead, we were cautious to avoid making critical mistakes that could jeopardize the project's progress. This careful approach is why we are still standing despite the numerous challenges we have faced.

Two Bitter Pills We Must Swallow

We have come to the realization that, for the project to succeed, there are two bitter pills we must all swallow:

1. Revising the Membership Logic of Our Coin Valuation Mechanism
2. Correcting the Lapses in Our Previous Coin Distribution and Liquidity Strategy

Revising the Logic of Our Coin Valuation Mechanism

Our current method of coin valuation is as follows: the total membership multiplied by 0.003 grains of gold equals the value of Ancient Coin in grains of gold (TM x 0.003g = ANCv/grn).

While this strategy is fundamentally sound and naturally organic, a key question arises: What type of membership should contribute to the coin's value? Should it be:

1. All registered members?
2. Phone number-authenticated members, as it currently stands?
3. KYC-verified members?
4. Coin holders?

Our analysis of past data indicates that using the first two categories of members could artificially inflate the coin's value. Under the current phone number-authenticated membership mechanism, we have approximately 23,360 members contributing to the coin's value. However, only a few of these members are actively participating in activities or supporting the ecosystem's growth. Imagine if, following a large-scale publicity rollout, thousands of people created accounts with phone numbers just to test the system, with no actual interest in using or accepting Ancient Coin. Why should these members add value to the coin? This method would inflate the coin's price without adding real value.

Furthermore, considering the third category—KYC completion—many individuals, for personal reasons, may wish to join and use Ancient Coin but may not want to undergo KYC verification. Currently, out of over 23,360 members, only 2,000 have completed their KYC. Meanwhile, the number of people holding or using our coin far exceeds this figure (8,000 in average)

Ethically, the last option appears to make the most sense. Emphasizing coin holders as the contributors to the coin's value would be more realistic and naturally organic.

If we adopt this approach, the current price of the coin will likely drop to around $120 but could grow from there. With the extensive campaign we plan to launch, we could recover our current value of $360 in less than six months. If we all contribute actively as expected, we could achieve this even sooner. Remember, the ultimate cap for Ancient Coin is one million dollars ($1,000,000). This means we are still in the testing phase, and nothing should tempt us to sacrifice the future success of the coin for short-term gains. Note that this is not about volatility; it is a one-time policy change that may never be necessary again if everything goes according to plan.

Under this new policy, creating an Ancient Coin account will no longer be tied to phone verification through ancient.cash/ancientsociety.tech. Each account will now operate independently on separate registration portals.

Addressing Concerns of High-Priced Coin Purchasers

For those who bought their coins at prices above $120, the best advice is to hold on a little longer as we strive to roll out a significant campaign to restore the coin's price and enhance its realistic value. They should also participate in the campaign to attract more users, which will positively influence the coin's price.

We will need feedback from the community to finalize the configuration of our new blockchain, which is currently in beta testing. Leaders should do their utmost to keep all members informed during this critical decision-making period.

We shall run a poll on Ancient media next week to solicit for members opinion on this matter, We shall announce to you the best decision moving forward after the polls outcome is considered.  Frequently visit your Ancient media timeline or feeds for such important update. 

Stay tuned for Part Two of this article, where we will discuss the best strategies for addressing the lapses identified in our previous coin distribution and Liquidity strategy.

Ancient: Everyone deserves the best! Ancient: Back to our roots!