Kriptoks

Action Coin has recently pivoted to become a digital rewards program for the sports industry. Its goal is to serve the entire spectrum of sports, including e-sports, pro, amateur, and extreme sports. The platform aims to offer a marketplace where fans can buy and sell collectible merchandise from their favorite athletes and teams using Action Coin (ACTN) as well as other mainstream payment methods.

Additionally, Action Coin will function as a platform through which individuals and organizations can create and sell collectible NFTs, event tickets, experiences, and more in a safe and secure environment that is compliant with evolving anti-money laundering (AML) and know your customer (KYC) regulations. The platform also respects intellectual property and personal rights.

Action Coin (ACTN) is the primary asset on a dedicated proof-of-stake (POS) blockchain powered by Komodo Platform technology. The Komodo Smartchain was launched on March 31, 2020, effectively replacing the original blockchain, which was based on NXT technology. The total supply of ACTN was reduced from 10 billion to 2 billion due to Komodo technical advice at the time, and a 5:1 swap was advertised and conducted over the course of two years, with at least two deadline extensions.

During the same time period, two "bridge tokens" were created on the Binance Smart Chain (BNB/BSC) and Polygon chains, with a total combined supply of 1 billion ACTN. As a result, 1 billion ACTN was subsequently burned on the native chain, ensuring the maximum supply remains constant at 2 billion ACTN.

Action Coin's native utility token, ACTN, is used for receiving rewards and other benefits. Holders of the token receive a profit share from buyback fees, a share of newly generated ACTN, and up to 10% yield boost in all related farms. ACTN also grants voting rights to holders, enabling them to participate in the governance of the platform.

As a digital rewards program, Action Coin can also be used for making purchases in the sports industry. Fans can use the token to buy collectible merchandise from their favorite athletes and teams, as well as other mainstream payment methods.

The platform's use of blockchain technology ensures that the ownership of collectibles is transparent, secure, and immutable. The use of NFTs and blockchain technology allows athletes and teams to monetize their image rights and create new revenue streams. Additionally, the platform's compliance with AML and KYC regulations ensures that users' personal information and data are protected.

Moreover, Action Coin's marketplace offers low transaction fees and a fast transaction time, with a high level of security and transparency. The platform also provides a safe and secure environment for users to conduct transactions, protecting them from fraudulent activity.

Action Coin is an innovative digital rewards program that is set to revolutionize the sports industry. Its marketplace offers a secure environment for buying and selling collectibles, event tickets, experiences, and more. The platform's use of blockchain technology ensures transparency, security, and immutability, while its compliance with AML and KYC regulations protects users' data and personal information. As the sports industry continues to evolve, Action Coin is poised to become a leading digital rewards program for sports enthusiasts and professionals alike.