[Announcement] Revamping for the Future: Advanced Project

Today we are excited to announce a major revamping of the Advanced project.

We’ve been steadfastly serving the unbanked in Africa, and during this time we’ve achieved important milestones on our roadmap, including the full launch of the TIER app, security updates to the AUC token, and en-Cash adoption in South African merchants.

However, in light of the rapidly changing landscape of Web3 and the remittance and payment blockchain market, we have decided to reorganize some important things outlined below.

1. Mainnet Transaction for AUC token

The native token of Advanced Project, AUC Token, is currently issued on the Ethereum blockchain and used for cross-border payments and remittances. However, considering a transition to a Mainnet offers numerous benefits and ensures the long-term growth and stability of the project.

We are taking a significant step forward to enhance the utility of its token by adopting LayerZero’s Omnichain Fungible Token (OFT) standard. This strategic decision aims to maximize the scalability and interoperability of AUC tokens, improving user experience and enabling seamless integration across various blockchain networks.

Here are the primary reasons for transitioning the AUC Token to a Mainnet.

• Scalability

While the Ethereum blockchain is a popular platform used by many projects, it has limitations in terms of transaction fees and processing speed. Transitioning to a Mainnet allows Advanced Project to offer higher transaction throughput and lower fees, enabling users to conduct cross-border payments and remittances faster and more affordably.

• Customized Solutions

A Mainnet transition enables Advanced Project to build its own blockchain network tailored to the project’s characteristics and requirements. This flexibility allows for the adjustment of blockchain rules, consensus algorithms, and smart contract functionalities, enhancing the user experience.

• Security

Operating its own Mainnet enables Advanced Project to strengthen security protocols and increase network stability. A decentralized Mainnet provides greater resistance to hacking and security threats compared to a centralized system, ensuring the safety of user data.

• Independence

Rather than relying on the Ethereum blockchain, an independent Mainnet allows Advanced Project to manage network upgrades, transaction policies, and fee structures autonomously. This autonomy increases the project’s ability to respond flexibly to the rapidly changing digital financial environment.

• Cost Reduction

High gas fees on the Ethereum network can be a financial burden for users. A Mainnet transition can significantly reduce transaction costs, providing greater economic benefits to users and enhancing the project’s competitiveness.

• Ecosystem Expansion

Transitioning to a Mainnet offers Advanced Project the opportunity to build its own ecosystem and integrate various dApps and services. This expansion can increase the use cases for AUC Token and attract more partnerships and collaborations.

Transitioning the AUC Token to a Mainnet provides significant advantages in terms of scalability, customized solutions, security, independence, cost reduction, and ecosystem expansion. This transition will strengthen Advanced Project’s position in the global digital financial ecosystem and contribute to offering better financial services to users.

2. Blockchain Web3 Applications

As we witness the rapid evolution of Web3 technologies, Advanced Project is committed to staying at the forefront of this digital revolution. Our upcoming applications are tailored to leverage the decentralized and user-centric nature of Web3, providing you with enhanced security, transparency, and control over your digital assets.

Upcoming Applications:

- Step Tracker App: Get ready to earn rewards simply by staying active! Our Step Tracker app will allow you to track your daily steps and convert your physical activity into valuable digital assets.

- Blockchain Gaming App: Immerse yourself in our cutting-edge blockchain gaming app, where you can play and earn tokens. This app combines the thrill of gaming with the benefits of blockchain technology, providing a unique and rewarding experience.

- Staking App: Maximize your earnings with our Staking app. Stake your various tokens to earn rewards and participate in the network’s growth. This app is designed to offer a secure and efficient way to increase your holdings.

Stay tuned for further updates and detailed release schedules. We are confident that these new applications will significantly enrich your experience within the Advanced Project ecosystem and open up new avenues for engagement and rewards.

3. AUC Tokenomics Update

We’ll also announce a significant overhaul of our Tokenomics, aimed at enhancing transparency, accuracy, and strategic alignment within our ecosystem. This initiative is a crucial step towards ensuring the sustainable growth and success of the Advanced Project.

- Circulating Supply Assessment: We are conducting a comprehensive review to precisely determine the current circulating supply of AUC tokens. This will provide our community with clear and accurate information regarding token distribution and availability.

- Revised Vesting Plan: To ensure a balanced and sustainable token release schedule, we are restructuring our vesting plans. This includes setting specific timelines and conditions for token unlocks, which will be communicated in detail to all stakeholders.

We’ll keep you updated on any implementation timelines related to the above via our official community channels.

📡 Webpage: http://www.aucunited.com
📱Telegram: https://t.me/aucproject
📋 Medium: https://advancedunitedcont.medium.com/
🕊Twitter: https://twitter.com/AUC_Project
📲 Facebook: https://www.facebook.com/advancedunitedcont
🔵 Discord: https://discord.gg/aucproject
🔴 Youtube: https://www.youtube.com/shorts/oTRgz-gMar