Anthony Bachan
President of Ace Holdings Inc.
Founder of the ACEToken
Retired hospitality and FMCG accountant.
Chris: Hello there! Your heading states that you believe in sustainable, community-based economy — can you explain in layman terms what the community—based economy is?
Anthony: Almost all of the projects in the crypto space have chosen to do fund raising and seek larger corporate backers. We decided that we wanted our project to be 100% community owned. Our goal is to enrich the lives and provide an opportunity for the average individual to secure and maintain generational wealth. We firmly believe the community should be vested in the project. Community based in layman terms refers to the vested interest of our community (holders -individuals that support the project), as they are the ones responsible for the appreciation and or depreciation of the value of the project. We will not be controlled by corporate “whales” and as a team we will listen to the concerns of our community and address the issues to the best of our abilities and capabilities.
The genesis of the project started from the onset of covid-19 and the potential threats in this sector, we decided to do our part in the preservation of the community. We chose to procure contracts for personal protective equipment and other consumer related products to assist those in need that are employed in this sector. We believe that taking care of our health care professionals and first responders will ensure preservation.
The project has evolved to encompass the green energy transformation and the opportunities resulting from global changes in monetary perspectives providing for alternative mechanisms for transacting and empowering developing economies to access products and services utilizing the digital economy.
The main reason behind keeping this project away from larger corporate funders is a direct derivate from our core mission. The mission of securing a mechanism that will allow our believers to enhance their life and that of future generations.
Chris: Thanks! What is AceToken and what are its main features?
Anthony: A key purpose of the ACEToken is to provide security for buyers and sellers of PPE and FMCG. During the epidemic it was discovered that transactional security was the #1 cause for our professionals not being able to receive the products they needed. We offered the ACEToken at a future value to suppliers based on the sales of the products they provided and were able to secure financing to be able to supply our professionals the products they need. In a nutshell and in its simplest form the ACEToken is used as collateral to secure financial instruments allowing everyday business to continue in a secure and seamless manner. By definition this utility has wider application across consumer needs.
We have partnered with an EV manufacturer and committed to a future price of $0.10 for an equity stake in the EV company and a board seat. This company was expected to list on the NYSE in Q4 2022 but has been pushed to Q2 2023. Due to the NDA signed I am unable to disclose the company’s name or partnerships. I would say however, they combine 5 established EV manufacturers models to create potentially the largest EV brand in the world.
We are in discussions with large service providers to utilise the ACEToken as a crypto payment utility.
As the global dynamic and uncertainties have developed in the last year resulting in supply chain disruptions and energy scarcity we see more opportunities for the utilization of ACEToken as a viable independent value exchange mechanisim.
In summary the utility of the ACEToken is financial security for buyers and sellers. We have combined the everyday business activity with the security, affordability, and ease of transactional process with the “CryptoEconomy”
Chris: And what is the ACE Tokenomics?
Anthony: Total Supply 1 trillion
Community 550 billion
EV Partnership 33 billion
Green City Project 100 billion
Advisors 10 billion – Locked
Marketing 10 billion
Promotions 9 billion
Charity 180 billion
Team 83 billion
Reserves 25 billion
Reserves + Team + Charity + Advisors = 298 billion
Locked for 5 years with a schedule release of 20% each year starting 2028
https://unilocker.app/vesting?certificate=7&network=bsc
Chris: Cool. Would you mind telling our readers about return of 50% of profits?
Anthony: From our PPE, Medical Supplies, and FMCG Sales we intend to infuse into the liquidity of the token with 50% of the profits from sales. Additionally, 50% of dividends earned from our EV investment will be added.
Our profit distribution is as follows
Community (Liquidity) 50%
Charity 18%
Marketing 2%
Reinvestment and additional procurement 25%
Team 5%
Chris: Who are your most influential partners?
Anthony: We have chosen not to solicit any partners or influencers. This project is 100% dev funded. We have been approached by multiple “big box retail” distributors for a share of our procurement contracts, but we have declined. We want our community of supporters and believers to realize these profits.
Chris: Ace Exchanges caught my eye. What is that?
Anthony: These are the exchanges where the community can acquire and trade. We have strategically aligned ourselves with RadioShack, and ampleswap. These 2 exchanges, we believe can match our growth and allows our holders to stake and earn. We will be adding additional exchanges soon and our efforts can be tracked on Binance, crypto.com, and Coinbase.
https://www.binance.com/en/price/acetoken
Chris: Who are the founders of the company? Can you share the story of how you all got together?
Anthony: The founder is me…Anthony Bachan. However, the concept of the company and project was developed by all team members across the world. Without the entire team we will not be enjoying the success we have today. The funny thing is we have never met each other in person.
Being in the FMCG sector pre-covid, when the pandemic started, I was approached by multiple companies to procure supplies. I quickly realized that it would be a very difficult task because of the “get rich quick individuals and companies that crowded the space”. I met the other members of the team during my procurement efforts, and we quickly became friends and business partners. They all shared my frustrations and wanted the same end result for our customers. We span from USA, South Africa, India, Saudi Arabia, and to Australia. We are all from different backgrounds but are all true to the mission of this project. Get to know what drives us by visiting our website.
Chris: Thank you! Anything else you would like to share with us?
Anthony: “Become Rich” is not a goal! “Increase my net worth to $5M over the next 5 years is!
It is important to note that we are not a tech company. Our holders and supporters do not have to “play to earn”. There is no platform utility. There is no buy or sell tax associated with ACEToken.
Our mission and core values are very clear. We do not want 1 investor to give is 100M$ and then control the destiny of the project. We want 100M investors and supporters to become a part of something that is sustainable for generations to come. Those that have followed us and joined have seen the potential.
Yes, we will have “dumpers” but during the last 12 months we have survived better than most of the projects out there. Technical analysis will demonstrate that we have been able to overcome our resistance levels and continue to move forward despite the “dumpers”. We are the only project that is committed to putting profits back into liquidity. All other projects contribute to liquidity from either trade and “tax” or liquidity providers that control a significant portion of the tokens.
One may say that life insurance is the best mechanism that one can use to pass on generational wealth. However, while this may be true while you are in your prime working age, what happens when you are not able to make those premium payments? All of the money that you have paid into the policy is lost and you are left with nothing. ACEToken allows you the same potential without the monthly premium payments. Additionally, one may enjoy the fruits while alive. The potential is endless.
As I have said in the beginning” get onboard, sit back, relax, and enjoy the ride”.
I nor any member of my team are financial advisors, nor is anything that I have said should be construed as financial advice. We have been 100% transparent in our business and we ask that all parties do their own research. The team and I can be reached at any time via the contact us link on our website to address any question or concerns that one may have.
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