ACT is an organization which allows people to support the cause which they believed in. In this the citizens will support the proposals by their micro payments. It is the basic step towards change. It has 2 major parts:
- ACT: Purchasing of votes and applying them to the proposals.
- ACE: It’s about the curators and their rewards.
Expert stands for ACT curation motor. Furthermore, ACE process has four phases from accommodation of proposition to endorsement of assets. There are following four phases:
1-The first is accommodation of proposition which require a little measure of ETH. The proposition will be open recently like different posts. In the event that exchange in money markets at a cost underneath the cost of the previous exchange in the begin of curation period then the proposition can be keep down to a later time.
2-The second is Curation in which there will be a check of legitimacy by reaching through any national to get the required data about the individual or association who gave the proposition.
3-After curation there is prepare called enactment in which the proposition continues to the ACT clients comprehensively and afterward criteria for the proposition will be fulfilled.
4-The fourth stage is the voting stage in which the clients of ACT will vote in favor of the proposition. Once the initiation procedure will finish the clients will get the warning through the application downloaded in the cell phone. What’s more, subsequent to talking about the recommendations with different clients and the guardians they at long last vote in favor of the proposition.
How ACT works
Anyone from anywhere in the world can be the part of ACT just by downloading the app in your mobile phone. You can support the cause which you think is rightful and which deserved to be supported. You must purchase the votes to support the cause. And the money which is made through votes purchasing process will be used to fund the proposals, if the proposal is valid. The focus of ACT procedure depends on the vote holders. If the proposal passes the criteria of ACT then the citizens will be notified about this valid proposal through the notification in the mobile phone. After knowing about the proposal, the vote holders will discuss this proposal and will vote “yes”, “no” or “abstain”. After the voting process if the quorum is obtained then the proposal will be funded.
BENEFITS OF ACT
It is being anticipated that ACT (https://www.daoact.org/) will bring some best changes colonized by Steemit or WINGS that is the efficient and profitable access. It gives the reward via algorithm which only depends on ACTION is (token awarded) that someone’s account contains. Anyone can’t access ACT unless until it is registered to it and it does not have its own token to get awarded by ACT platform. Moreover, it is said that ACT is the pervasive platform for communal accountability. In near future, its users will feel as comfortable to transform their currency to crypto as they are shooting SMS to each other. Block chain will secure their self-integrity and it will empower their daily life in each aspect as well. It will make their communal accountability better.
ICO
The plan is a token public offering. You can support the project and thus allow development and in turn earn tokens, and also participate in the revolution. You can participate through the website https://www.daoact.org/ ICO starting at 18:11. And runs until 2018/01/18. He also organized and pre-sales that started 18, 7. The sale lasted until 08.07.2011. The token price is determined as follows: the number of donations collected / 80 billion tokens
For more details about ACT visit :
Whitepaper https://www.daoact.org/whitepaper/
Website https://www.daoact.org/
Facebook https://www.facebook.com/daoact/
Team https://www.daoact.org/team/
AUTHOR: https://bitcointalk.org/index.php?action=profile;u=16578