Question 1

What is Accelerator Network (ACC)?

Accepted Answer

The Accelerator Network (ACC) is a blockchain initiative designed to facilitate and simplify blockchain-specific tasks for users. It operates as a 0.5-megawatt data processing facility, allowing holders of the Accelerator Token (ACC) to perform tasks like cryptocurrency mining, scientific modelling, artificial intelligence computations, and advanced mathematics. The ACC Token, an ERC-20 token, also operates as a proof-of-stake (PoS) asset on the Ethereum blockchain, enabling holders to earn rewards by staking tokens within a compatible Ethereum wallet.

Question 2

What is Accelerator Network (ACC) used for?

Accepted Answer

Accelerator Network serves multiple functions with the ACC token at its core. Token holders can exchange ACC for GPU teraflop hours to complete computational tasks such as mining various cryptocurrencies or performing advanced off-chain processes. Users can also stake ACC tokens to generate additional tokens through an annual interest model, with staking rewards decreasing over time as the total supply of ACC tokens approaches its cap of 10 million by 2033. Additionally, ACC tokens were initially distributed through a free airdrop, which incentivised adoption and encouraged user participation in the Accelerator ecosystem.

***Although 'ACC' was the ticker assigned at the deployment of the Accelerator Network Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'ACCN' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.***

Accelerator Network

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