Governance & Voting
A Decentralized Autonomous Organisation (DAO) that allows a concerned, local community to raise money by aggregating micro payments from citizens
- Platform revenue is generated from citizens purchasing votes that can be applied to proposals - Once a proposal is vetted by curators, and the community agrees to fund it through a voting round, a smart contract is triggered and the proposal is funded instantly - 15% of all funds received from ACT users who purchase votes is allocated to reward curators - Second token ACTION is a “rewards token” for both long termism and curation effort. It is nontransferrable and can be acquired on the platform with ACT, which means that it cannot be easily traded on cryptocurrency exchanges
It is comprised of two parts: 1. ACT, where citizens purchase votes, and apply them to proposals 2. The ACT curation engine (ACE) where ACT Token govern curator rewards
|ICO start date||16 Jul 2017|
|ICO end date||30 Jul 2017|
|Additional Token Emission||No|
Total token supply: 10 billion ACT Token crowdsale supply: 82.5% ACT contributors: 8% Team: 5.0% (paid as ACTION vesting tokens) Daoact Ltd: 3.0% ACT Bounties: 1.5%
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