What is Ancient8? Information about A8 Token

What is Ancient8?

Ancient8 is a layer 2 blockchain on Ethereum, focused on developing the on-chain gaming sector. With a modular design, the Ancient8 chain is built on the OP Stack toolkit from Optimism and the Data Availability (DA) layer from Celestia. This architecture ensures high security, low transaction fees, fast processing speeds, and the integration of advanced industry technology.

The goal of Ancient8 is to become a layer 2 blockchain perfectly compatible with fully on-chain games, optimizing the Web3 gaming experience and targeting 100 million Metaverse users.

Fully on-chain games are those where all activities and states are executed via smart contracts and stored on-chain.

What are the products of Ancient8?

The main product of Ancient8 is its blockchain gaming layer 2. Additionally, the project develops several related products, including:

Ancient8 Explorer: A blockchain explorer for Ancient8.
Acceler8 Program: An incubation program for Web3 projects in the gaming sector.
Growth Layer: Provides tools and services to support projects launching on the Ancient8 Chain.

Ancient8 also aims to develop a decentralized model using tokens for voting and governance activities. Specifically, Ancient8 will soon establish the Ancient8 Improvement Proposal (AIP) model, allowing users to use tokens to vote on activities such as partnerships, treasury management, and staking rewards.

Blockchain Ancient8

Ancient8 focuses on enhancing the gaming sector, considered a Super Gaming Chain on Optimism’s Superchain. On February 22, 2024, the Ancient8 network officially went live on mainnet.

The design of Ancient8 Chain stands out with a modular architecture integrating Optimism Rollup technology and Celestia’s DA layer. Tasks on Ancient8 are processed through multiple layers:

OP Stack toolkit: Used for Sequencing, Derivation, and Execution tasks to increase transaction speed and reduce gas fees. Ancient8 Chain can also interact with platforms using OP Stack to enhance scalability.
Celestia’s DA layer: Helps Ancient8 optimize modular architecture, making updates and adjustments easier when necessary.
EVM compatibility: Using OP Stack makes Ancient8 fully compatible with EVM, enhancing cross-chain interaction and attracting developers to build products on its ecosystem.

Ancient8 Explorer

Ancient8 Explorer is a blockchain explorer that allows users to check on-chain transactions, such as block numbers, token addresses, gas fees, etc. The Ancient8 Explorer interface is simple yet provides comprehensive experiences like Solscan and Snowtrace. Notable features include tracking network metrics in chart form, checking smart contracts, and token information.

Acceler8

Ancient8 develops its ecosystem through Acceler8, an incubation program for Web3 projects, particularly in the gaming sector. Acceler8 has funded several projects such as Master Duel, Onchain Clash, Omnizone, deWord, and Wee Pepe.

Ancient8 Growth Layer Toolkit

Ancient8 offers a toolkit and services on the Growth Layer to support projects on the network, from marketing to development and game product launches. Projects built on Ancient8 Chain can access rich resources at Growth Layer, including:

Listing on Dojo: An NFT marketplace for top-tier game projects.
Launch on Space3 launchpad.
Participation in Ancient8 Gaming blockchain hub.
Access to ReneVerse.
Establish player identities with Eko ID.

Key Features of Ancient8

Scalability and cost efficiency: Built on OP Stack and integrating Celestia as the DA layer, Ancient8 handles high transaction volumes at low costs.
EVM compatibility: Using OP Stack makes Ancient8 fully compatible with EVM, easily transferring smart contracts from Ethereum to Ancient8 Chain.
Community-oriented: Ancient8 Chain operates with a community-focused approach, creating a Layer 2 with the best gaming experience. Additionally, Ancient8 encourages developers to join the ecosystem with attractive grants.
Decentralization: The establishment of the Ancient8 Foundation enhances decentralization, ensuring fair reward and grant distribution.

Ancient8 Chain Ecosystem

Ancient8 Chain currently includes projects focused on building Web3 games, such as:

Games: Onchain Clash, deWorld, Master Duel…
Infrastructure: Celestia, Orochi, Conduit…
Growth Tools: Space3, Reneverse, Ancient8 Gaming…
DApps: Dojo, Ancient8 Wallet, Coin98…
Audit: Verichains.

Team

Howard Xu (Co-founder & CEO): With extensive experience in developing FinTech companies, he founded Metaverse Magic Leap. He is also a venture capitalist at ZhenFund, an investment fund based in China.

Alongside Howard Xu, the team includes two co-founders, William Phan and Nathan.

Investors

Ancient8 successfully raised $10 million in two funding rounds:

Round 1 (Seed Round – 19/01/2022): Raised $4 million from Dragonfly Capital, Pantera Capital, Hashed, and others like Raydium, Kyros Ventures…
Round 2 (Private Round – 09/06/2022): Received $6 million from Pantera Capital, Makers Fund, IOSG Ventures…

What is A8 Token?

After understanding what Ancient8 is, let’s explore the project’s token, A8.

Basic Information about A8 Token

Token Name: Ancient8
Token Symbol: A8
Blockchain: Ethereum, Ancient8
Smart Contract: 0x3E5A19c91266aD8cE2477B91585d1856B84062dF (Ethereum)
Total Supply: 1,000,000,000
Circulating Supply: 194,000,000

A8 Token Allocation

32% Community & Ecosystem: For community initiatives, rewards, and ecosystem growth.
10% Seed Round: For early investors.
6% Private Round: Supporting select investors.
20% Team: For the development team.
2% Advisor: For advisors.
5% Public Distribution: Wide distribution to the public.
10% Liquidity: For liquidity on exchanges.
15% Treasury: As a reserve fund for future developments and challenges.

Uses of A8 Token

Governance: Token holders participate in ecosystem decisions through voting and proposals.
In-Game / Product Utilities: Use tokens for in-game and product transactions.
Exclusive Access: Token holders gain exclusive access to events, products, and special content.
Value Capture: Benefit from the ecosystem’s growth.
Staking: Participate in staking to receive rewards and benefits.

Where to trade A8 Token?

A8 Token is currently traded on Bybit, MEXC, HTX…

Open Bybit Account and Receive Offers Here!

Roadmap

Mainnet launch (completed)
A8 token launch (completed)
Fully on-chain game releases
Ancient8 ID launch
Onchain Gaming Festival
Acceler8 Program launch
Ancient8 SDK launch

Similar Projects

Ancient8 is a layer 2 project similar to Arbitrum, Optimism…

Project Information Channels

Website: https://ancient8.gg/
Twitter: https://x.com/Ancient8_gg
Discord:https://discord.com/invite/ancient8

Conclusion

This article has introduced you to Ancient8 and A8 Token. If you have any questions, leave them in the comments section for immediate answers!