Access Protocol (ACS) seeks to revolutionize the subscription model used by today’s most popular digital media publishers. The protocol introduces a proprietary system allowing followers to stake utility tokens to access exclusive content. This approach would help remedy many of the problems faced today by both publishers and subscribers. Here’s everything you need to know about Access Protocol.
What Problems Does Access Protocol Attempt to Fix?
Access Protocol introduces several interesting methods to solve media publishing and content creator woes in the market. For one, the network’s content creator-focused approach enables creatives to maximize their revenue. The network accomplishes this task by introducing staking pools which provide access to content versus a traditional subscription model.
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Source – Access Protocol (ACS)
This approach eliminates one of the biggest points of friction among subscription-based platforms, reduced engagement. There will always be users who don’t want to sign up for a monthly subscription just to access a single article or asset, reducing these networks’ overall exposure. Access Protocol allows users to pay a one-time fee to gain access to premium content versus monthly recurring costs.
Users select the content they enjoy and help share it with the community. The use of a liquidity pool enables all parties to benefit from the rewards, further incentivizing participation. Specifically, consumers secure rewards for supporting their top content creators and creators enjoy more flexibility in their monetization models.
Low-Quality Content
Another major issue that the Access Protocol helps to solve is misaligned incentives. When you look at the subscription or add-based models used today, they all prioritize getting a person to click rather than providing top-notch quality content. Access Protocol’s approach flips this model upside down and prioritizes quality over clickbait stats. Keenly, users help curate the content in real-time, which ensures that subscribers gain unfettered access to the most relevant info on time.
Lack of Ways to Connect to Followers
Access Protocol seeks to provide content creators with all the tools they need to make connections with their followers. The system integrates a variety of value-add strategies that can keep a community engaged and active. For example, creators can schedule NFT drops, offer exclusive bonus content for top supporters, and utilize other methods that empower users while securing additional returns.
Constant Adds
Anyone who has been on YouTube recently can attest to the growing number of ads on every video. It’s now common to get multiple ads before the video, followed by in-video ads, and lastly, popups and banners located around the content. All of these ads are annoying for users who simply want their content. Access Protocol users never have to deal with this scenario as the system’s staking pool replaces the need to cater to corporations for advertising revenue. As such, the content remains open to the community’s creators to decide.
Benefits of Access Protocol
Access Protocol users enjoy several benefits. For one, it allows you to utilize a single subscription for your content needs. Using one subscription for multiple platforms speeds up logins and lowers security risks. When coupled with the flexible subscription pool options, Access Protocol users enjoy a high level of freedom.
Content Creators
One of the main benefits of Access Protocol is its support for these content creators. When you look at platforms like YouTube, creators constantly groan about their shifting policies and other restrictions. Access Protocol allows users to create censorship-resistant content and publish it openly.
Also, content creators enjoy more revenue-generating options, which helps them to stay engaged with their community. Notably, there are now +170 content creators on Access Protocol and the number continues to rise as more people become aware of its features and capabilities.
Build Communities
Another unique feature that offers huge benefits to content creators is the Access Protocol Telegram and Discord monetization options. The network helps empower creators to build vibrant communities across these platforms. They can accomplish this task by integrating some of the unique Access Protocol features designed to help drive engagement. Notably, Access Protocol rewards are split between users and creators.
Mint NFTs
Creators can improve their engagement and add some collectibles to their community via NFT minting. The NFT minting protocol makes it easy to create custom collectibles, immortalize art, and share music. Additionally, every Access Protocol NFT leverages the full security of the Solana Network to ensure validity.
Airdrop NFT mints to the top supporters in your community to add value to your channels. Access Protocol provides everything you need to create, manage, and distribute these unique digital assets. Additionally, the platform issues pool stakers NFTs that represent the amount of ACS they staked.
Maximize Returns
Everything about Access Protocol helps creators maximize returns. The platform incentivizes participation by doing away with the traditional subscription paywall and introducing a more user-friendly and profitable liquidity pool strategy. Content creators gain more from possessing a pool unique to their offerings. For one, they can see the value of their pool rise alongside its users. Best of all, the system integrates smart contracts to ensure all payments are automated, eliminating human error and delays.
How Does Access Protocol Work?
The Access Protocol leverages the Solana high-performance blockchain to ensure validity and scalability. Solana is a 4th gen PoS network that allows users to stake their tokens to participate in the validation process and secure rewards. Solana is programmable and supports low-cost high-speed transactions, making it the ideal network for Access Protocol operations.
When a user enters the Access Protocol ecosystem, they can scroll through content creators. When they find one they like, they can subscribe by staking ACS tokens in the creator’s pool. Every creator has a pool that grows in value alongside the number and value of ACS stakers participating.
Every subscriber is issued an NFT token which represents the amount of ACS they staked and its current value. It also includes subscription details and other relevant information. Once signed up, users gain full access to the content for as long as they stake their tokens.
Access Protocol (ACS) Creator Dashboard
The Access Protocol creator dashboard is a vital component of the ecosystem. The dashboard provides creators with all the relevant information needed to manage their channel. They Can see overall details such as the number and frequency of users on posts. They can also see which users are their biggest supporters. From there, they can provide special content to encourage core supporters to engage further.
Publisher
Publishers gain the most from joining the Access Protocol. Several unique monetization strategies make it easy to integrate subscription services into your website or channel. The paywall uses blockchain technology, making it more transparent and streamlined. For example, users’ wallets connect directly, and all rewards are paid using blockchain assets that are automated via smart contracts.
Scribe
The Scribe protocol is how content creators publish and monetize their posts. The system is easy to use and was built so that people without any previous blockchain experience could easily navigate to the key features offered. The Scribe provides a streamlined and secure way to get your content published and start securing followers.
ID
The IAM Identity and Access Management system is another vital part of the project. This digital ID improves onboarding and interactions. The use of blockchain assets, as part of the digital ID strategy, enhances security by leveraging the immutable and unalterable nature of the Solanan blockchain, connecting on-chain identity with access to new products and services.
Token – ACS
ACS is the utility token for the Access Protocol ecosystem. This versatile asset is used by the community to participate in the network features. It serves multiple roles, including being the main reward token, staking pool options, and empowering developers. ACS is a Solana-based token that enjoys high performance and can be traded globally in a permissionless manner.
Users have to stake ACS to gain access to exclusive content. Additionally, all the platform’s rewards are paid out in ACS, which is split between creators and followers for engagement. It can also be used to pay gas fees and other programming tasks.
How to Buy Access Protocol (ACS)
Currently, Access Protocol (ACS) is available for purchase on the following exchanges.
Coinbase – A publicly traded exchange listed on the NASDAQ. Coinbase accepts residents from 100+ countries, including Australia, Canada, France, Germany, Netherlands, Singapore, the United Kingdom, and the United States (excluding Hawaii).
KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. Restrictions may apply, depending on location.
Gate.io – This exchange was established in 2013 and is one of the more popular & reputable exchanges. Gate.io currently accepts most international jurisdictions including Australia & the UK. USA & Canadian residents are prohibited.
No More Ads Thanks to Access Protocol (ACS)
Access Protocol may be the right solution for ever-increasing adware space. Content creators are feeling the crunch and many are at the point where they are worried every day they may lose their followers due to various reasons. Access Protocol offers a transparent alternative that empowers creators and users via ACS tokens. As such, its a smart project to watch moving forward.
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