I am pleased to present the next cryptocurrency with an ambitious vision and a revolutionary concept
AUTORIA
Based on the Ethereum blockchain, the AUTORIA token (AUT) plans to set a new standard for Cryptocurrencies by introducing methods to promote a sustainable economy and marketplace for a highly secure and lightning fast currency.
Autoria plans to become the “Go-To” token for many cryptocurrency applications involving Decentralized; Application creation (Dapps), prediction markets, merchant services, trading marketplaces, casino gambling, video gaming and more all based upon the Ethereum smart contract engine and decentralized protocol.
Automatic Mining and Mining Wells
One of the concepts unique to the AUT token will be to face the liquidity issue that seemingly plagues many tokens in this market.
This will be accomplished through a revolutionary process of automated mining which will involve the use “Mining Wells” to provide rapid early production of the token.
The Mining of Autoria Tokens will be through automatic distributions to the ‘Mining Wells’ based upon a mathematical formula to control the supply.
The development team has detailed the technical aspects of mining in a document called the Yellow Paper: https://www.autoria.io/yellowpaper.pdf
Essentially, a “Mining Well” is a POS mechanism with a unique distribution supply curve. “Well” owners will also receive additional AUT as a reward for key goals being met for development milestones including; listing on major exchanges, dapp creation, and implementation of core merchant services.
A more detailed explanation is given in the whitepaper: https://autoria.io/whitepaper.pdf
Developmental RoadMap:
A highly ambitious plan is set forth in the timeline for milestone developments called the roadmap:
CROWDSALE DETAILS
The Autoria Development team will be hosting a crowd sale on July 14, 2017 that will last until August 4 (3 weeks) or until sold out.
There will be a Hard Cap for each investor in the amount of 100 Ethereum
This is to ensure a wide distribution and diversity of mining wells along with an attempt to minimalize large accounts and market manipulation. This should also help to provide a more stable price relative to growth and value of the project.
This Crowd sale is also unique in that you aren’t buying Tokens directly, instead you are buying a stake into a permanent "mining well" that produces AUT tokens through the automated mining distribution and supply curve.
These mining wells are permanently coded into the Autoria smart contract and the registration address along with funded values are made publicly available for transparency.
These “Mining Wells” will have an initial distribution of AUT tokens, but the initial supply of tokens available after the crowdfund period will depend entirely on how many “Mining Wells” were funded.
The initial distribution from a funded mining well is being calculated at 17,500 AUT per 1 Eth with a maximum of 1.75 million AUT per 100 ETH at the cap.
During the first week “Mining Well” Stakes and registration are normal price. After week one, the cost of stakes is increased by 30%.
There will also be an ICO investor bonus reward of over 14% of the developments AUT tokens when certain milestones have been completed.
Remember the date: July 14, 2017
In 5 days the Autoria crowdsale will begin
Don't miss out on this unique opportunity to own a permanent "mining well" and become involved in the amazing project!
For more information regarding the Autoria project
visit the website: https://autoria.io/
or
BitcoinTalk.org [ANN] page: https://bitcointalk.org/index.php?topic=1980391.0
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