Cryptocurrency is commonly used as investment and tool for financial transactions. People are more aware with it and realize that cryptocurrency could be more advantageous because it is secure and more transparent. Unlike common currency that is centralized so we tighten up by central bank decision, cryptocurrency is decentralized. It is people who decide its value. Now, people of the world get good news, as a new cryptocurrency appear in the market that is targeting improvement of social good. It is ACT , which transform the world of blockchain into something more social friendly. The co-founders of ACT , who are alumni of Trinity College Dublin’s International MBA Program, concern with the imbalance of power between state action and citizen action. Many times, the imbalance power created unfair condition for some citizens. In order to reduce the misfortune, they create ACT ACT art of WINGS social project. WINGS Foundation that is based on Switzerland, develop DAO technology. DAO is decentralized autonomous system where people projects will be filtered and valued by global community. Projects that pass the filter stage will enter crowd-funding stage. In this stage, WINGS DAO members are free to promote their project and fundraise for the project. ACT would be work on Ethereum, while the smart contract is developed by Draglet, a Munich company that is specialize in blockchain smart contract.
The prototype of ACT has been made and tested. The result is good and people could see it from the white paper of ACT ACT that gives example of how ACT helps people in needs. With ACT , people who need help could fundraise for their project. Then, people could use the currency rose to complete their project. It is then become the proof that ACT could help to improve social accountability. Citizens have more power to hold state accountable and it becomes more responsive to citizen needs. As the result of prototype test is good and they completed the full specification, they continue with pre-ICO. Started from July 18th, 2017 at 2pm CET, the pre-ICO will run until August 1st, 2017. Pre-ICO offers bonuses for donators. The bonus scheme would be:
- Platinum bonus that will give 10x value of ACT token for the first
$250,000 donation. - Gold bonus that will give 5x value of ACT token for the next $250,000 donation
- Silver bonus that will give 2.5 value of ACT token after $500,000 donation
The ICO itself would be held for two months from November 18th, 2017
to January 18th, 2018.
add wallet :
Website : https://www.daoact.org/
Twitter : https://twitter.com/daoact_org
Faceook : https://www.facebook.com/daoact/
Slack : https://join.slack.com/actcommunity/shared_invite/MjAwMzIxNjYyMjk0LTE0OTc3OTA1MDQtYWMxYzUwMmM3Mg
Whitepaper : https://www.daoact.org/whitepaper/