ACT is a DAO
addressing social accountability by aggregating micro payments from citizens to fund grass roots proposals that drive change.
ACT Token Details
- Token name: ACT
- What does this token represent: It is a reward token that governs the distribution of 15% of platform revenue to proposal curators
- Total supply: 10 billion
- ICO format: All ACT will be issued and distributed during the crowdsale (ICO)
ACT ICO Details
A total of 10,000,000,000 (10 billion) “ACT Token” shall be implemented in the smart contract.
- ACT Donation Campaigns – 80% (including pre-ICO)
- ACT Contributors – 8.5%
- ACT Core Team – 5.0% (paid as ACTION vesting tokens)
- Daoact Ltd – 3.0%
- ACT Bounties – 2.5%
- WINGS – 1%
ACT Pre-ICO Details
The ACT donation campaign has three phases:
- Pre-ICO: 5pm CEST 18th July 2017–1st August 2017
- Pre-release access: Close of pre-ICO — 18th November 2017.
- ICO: 18th November 2017–18th January 2018.
Pre-ICO bonuses:
- Platinum — 10x for first $250k
- Gold — 5x for next $250k
- Silver — 2.5x after $500k
Example: Donator “Sean” donates $100,000 on the first day of the pre-ICO (phase 1). Sean’s allocation of ACT Token at the ICO is therefore 10x his donation i.e. $1,000,000 worth of ACT Token.
Pre-ICO conditions
Platinum and Gold bonuses reduce by half (to 5x and 2.5x respectively) after the halfway point of the pre-ICO (25th July),
ACT Team
- CEO: Fraser Brown LinkedIn
- Project Manager: Ian Cunningham LinkedIn
- Lead Architect: Ganesh Yung, Managing Director, Draglet LinkedIn
- Lead Developer: Johannes Angermeier, Draglet LinkedIn
ACT Significant Partners
Wings Foundation – http://www.prweb.com/releases/prweb14360347.htm
“ACT is a truly innovative concept in the cryptocurrency space focused on social good”
Boris Povod, President of the WINGS Foundation Council
Resources
Website：www.daoact.org
White paper – hwww.daoact.org/whitepaper
Costings and roadmap: https://www.draglet.com/wp-content/uploads/2017/06/draglet_act_offer_final_270617.pdf
Token and financial analysis – https://medium.com/daoact/the-act-pre-ico-crunching-the-numbers-bec6a3a9ba1
Twitter: https://twitter.com/daoact_org
Bitcointalk：https://bitcointalk.org/index.php?topic=1985190.0
Slack：https://join.slack.com/actcommunity/shared_invite/MjAwMzIxNjYyMjk0LTE0OTc3OTA1MDQtYWMxYzUwMmM3Mg
Facebook：https://www.facebook.com/daoact/
Medium/Blog: https://medium.com/daoact