ACE (Fusionist) Recent Status Update
TechFlow Selected TechFlow Selected
ACE (Fusionist) Recent Status Update
Fusionist has solid fundamentals, while ACE's token distribution is relatively concentrated.
Navigating Web3 tides with focused insightsI. Fundamental Overview
1. Game Overview:
Fusionist is a space mecha-themed game set in the 2800s, when Earth has become largely uninhabitable, triggering large-scale wars. With faster-than-light travel now possible, Fusionists embark on missions across the universe to find habitable planets for human DNA sequences and seed humanity throughout the galaxy.
The game features three main modes:
-
Colony - Build: Resource gathering, planet construction, technology upgrades, etc.
-
Conquest - Turn-based combat: PVE and PVP
-
Unity - Explore, Expand, Exploit, Exterminate
The game launched on Steam at the end of 2023.
Endurance is Fusionist's mainnet, serving as a social and gaming infrastructure layer—a sidechain and appchain that can be extended for use by other partners and games. ACE is the primary token of Endurance.
2. Key Milestones
(1) August 2022: Game teaser and "Game 1 – Colony" released
(2) October–November 2022: NFT whitelist minting began; users started earning points for future rights, tokens, and airdrops
(3) January 2023: Endurance mainnet launched with ACE token rollout
(4) March–November 2023: Continuous updates for "Game 2 – Expeditions" and "Galactic Duel" versions and events
(5) December 2023:
Fusionist announced a partnership with MARBLEX, a South Korean blockchain gaming platform.
Progress was shared regarding collaboration with South Korean game developer RedBrick Engine. 0xspin will launch on Op-Endurance: Sparkle (an Endurance Layer-2 built using OP Stack), where players can earn rewards in both ACE and RedBrick’s native token.
Revealed ACE Arenas, a web-based MOBA game independently developed by the Fusionist team using Unity engine, which will exclusively use $ACE as its core token. All future games and applications developed by Fusionist will follow this model.
3. Team and Funding
The Fusionist team consists of veterans from well-known Web2 gaming companies such as Tencent. Core members include:
(1) Ike T., Founder & CEO: 14 years of industry experience; joined Tencent in 2009 as Associate Art Director (AAD)
(2) Daniel Fang, Marketing Director: 14 years of experience; joined Tencent in 2009, served as Associate Development Producer (ADP), Publishing Producer, and Operations Manager—overseeing game development, marketing, and operations
(3) Charles D., CTO: 11 years of experience; full-stack engineer and former Chief Engineer at MOONTON GAME
On June 1, 2023, Binance Labs disclosed a $6 million funding round led by them.
II. Token Overview
The total supply of ACE token is 140 million, serving as the primary token and native asset of the Endurance network. Main use cases include:
-
Gas Fee
-
NFT marketplace transactions and service fees
-
In-app currency for apps independently developed by the team
-
Staking on validator nodes within the Endurance network
According to the whitepaper, approximately 40% of the total token supply is allocated to the team and investors. Based on calculations from TGE, the current circulating supply is 21,969,520 tokens: 10,290,000 were distributed via Binance Launchpool, while early equity investors hold 3,381,000 tokens, accounting for 15.38% of the current circulation.
ACE tokens are primarily distributed across the BSC chain and the Endurance mainnet. On BscScan, 10,971,626 tokens are currently traceable, with Binance addresses holding about 90%, and the second-largest holder (address 0x880) owning approximately 6.2%.
Primary trading venues for ACE are Binance (47.48%), followed by OKX (13.94%) and Bithumb (5.93%).
III. Recent Spot and Futures Activity
1. Spot Market Movements
Over the past 7 days, there has been a net outflow of 172,000 ACE tokens from two Binance wallets, while the second-largest holder (0x880) recorded a net inflow of 144,000 tokens. This address frequently interacts with Bithumb and Binance, suggesting it may belong to a market maker or exchange-affiliated entity accumulating positions.
Over the last 24 hours, Binance spot trading volume increased slightly to 5.36 million tokens. After a 13% price drop from $13 to $11.31 on December 22, daily trading volume gradually declined, ranging between 2 million and 5 million ACE per day over the past week.
2. Futures Market Movements
Over the past 24 hours, ACE’s funding rate on Binance ranged between 0.04% and 0.08%. While relatively high, this reflects broader market trends, as many trending tokens have seen positive funding rates above 0.04%, indicating strong bullish sentiment across the market recently.
Since December 27, 2023, the long-to-short ratio for ACE futures contracts on Binance has remained above 2.9, surpassing 3 in the past 24 hours. The large-account long-to-short ratio has stayed above 1.13 over the past 7 days.
Over the past week, ACE experienced several sharp declines accompanied by long liquidations. However, open interest was quickly replenished after each event. Binance futures open interest remains above $2.5 million and hit a new high in the last 24 hours.
Overall futures data indicates strong bullish sentiment toward ACE.
IV. Summary
1. Fusionist has solid fundamentals, backed primarily by Binance Labs. Its core team comes from traditional gaming giants like Tencent, positioning itself as a blockchain AAA game leveraging an application chain and platform token model. It maintains close collaborations with South Korean gaming platforms and developers. The ecosystem is still in its early stages but shows promise for steady growth.
2. ACE’s token distribution is highly concentrated. A significant portion of the total supply is held by the project team and investors. Early equity holders possess 15.38% of the current circulating supply, and Binance-controlled addresses hold around 90% of tracked tokens on BSC, representing potential sources of selling pressure.
3. Since listing, ACE’s price chart has shown extreme volatility. Current spot trading volume is relatively low, with outflows observed from Binance wallet addresses while the second-largest holder accumulates tokens. Although spot trading volume has declined recently, futures data—including rapid recovery of long positions after liquidations, high long-to-short ratios, and elevated funding rates—reflects strong bullish market sentiment.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
Cycle Capital Research
