A Solana (SOL)-based altcoin is exploding in price after gaining surprise support from Korea’s top cryptocurrency exchange UpBit.
According to UpBit, the crypto change is adding support for Access Protocol (ACS), which is a new content monetization crypto project built on top of Solana and Ethereum Starknet scaling solution.
UpBit, which has the largest trading volume of any exchange in Korea, says ACS trading on its platform will begin on March 7.
News of the listing sent the price of the access protocol soaring 296%, from a low of $0.00467 on the day of the announcement on March 6 to a high of $0.0185 the next day. ACS is trading at $0.0111 at the time of writing.
The access protocol is designed to give content creators the ability to create their own paywall on their site and offer premium content to followers, according to the project. website.
Subscribers use ACS tokens to enter creator pools that give them access to content and that earns subscribers and content creators daily rewards on a 50-50 split.
“Users subscribe to creator ‘groups’ with the ACS token, unlocking a set of content or services determined by the creator. In addition to receiving content, when you subscribe to a creator pool, both you and the creator share a daily reward.”
Late last month, UpBit listed Shiba Inu (SHIB) as the Dogecoin (DOGE) rival community preparing for the beta launch of the layer 2 project Shibarium.
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source: dailyhodl.com