ACE? What is it?

Right now, many people are discussing ACE and if anything comes to trending there must be a reason for it. Today I am going to discuss it and share my thoughts related to it. So, let's start. And I will try to keep it very simple, avoiding complex terms as many people don't understand it. My intention is to share about it in simple ways.

Naturally the first question comes to everyone's mind that what is ACE? In a word, it is a stablecoin and the value of it is exactly $1 which means it's pegged 1:1 with USDC/HBD. The stablecoin (ACE) launched my Leostrategy and backed by $LEO.

The question comes to mind that should we buy it? And if yes then why should one buy it?
There is no correct answer of it if you should buy it or not, because the investment is yours and you are the decide what to do with it means whether it's being you profit or loss. To be specific I can say that if you believe in leostrategy, you can believe in it. But in case why should one buy it, in that case I may say few words. Right at the moment ACE can be bought at 90 cents as it's the pre-sale event and it means 10% discount and after the pre-sale event it will be $1. ACE is in discount price and it will offer 20% APR and it will be paid on weekly basis. I hope you got the information.

That's not the end. There exists the use case of ACE. And I think I am seeing a new use case in Hive. It is allowed for loans. If you have LEO, you can deposit it and get ACE as loans. You can return the ACE with interest and get back your LEO. I think this is the best way to do it when you have LEO. In that case you don't need to sell your LEO.

I said it to keep my post simple to make everyone understand and that’s why I am not making things complex bringing everything here in this post. Everyone is not a crypto people, and everyone is not good at understanding various terms. Who can understand those can directly understand it from the post of @leostrategy. Let’s come to an end point. Where can we buy ACE? It’s very simple. We can buy it from https://leostrategy.io/ace and https://tribaldex.com/trade/ACE. I guess it is also possible to buy it from the Hive Engine.

For me 20% APR seems good and I love to accumulate it slowly because right now I am very much interested in investing in cryptocurrency market as I see more potential there. At the same time, I will try to grab ACE as much as possible at a cheap price. You have your own thoughts and make sure to research about it as it’s your money.

Information was collected from the post of leostrategy, and I just shared my opinion. I am not taking any liability for anyone’s investment. I just shared my thoughts regarding the ACE. @khaleelkazi , feel free to correct me if I said anything incorrect.