We are excited to announce the release of our first development milestone, the Auctus Demo, an application which simulates smart contract powered retirement plans, with investments in cryptocurrency and traditional assets. This Demo represents the first step towards realizing our vision. In this initial release our smart contracts have been deployed to the Rinkeby test network.

Keep in mind this release is meant for simulation and uses certain assumptions and simplifications, such as historical data to simulate portfolio returns.

You begin at your company’s data page. You must enter the name, match rate (the percentage of each dollar of employee contributions that is matched) and match ceiling (the limit on the percentage of employee contributions that is matched). The vesting option is set at 5 years (for simplification purposes). However, you can select the share of contribution per year.

The second window, requires input of employee data, such as name, salary (in US dollars) and contribution (percentage of the salary that will be invested each month in the retirement plan).

By clicking on each assets icon, you can check the performance of the respective asset for the last 5 years.

After having entered all required information and clicked on the ‘Next’ button, your smart contract will be deployed in a few minutes. Once deployed, you can check your transaction and source code.

The last step leads you to your dashboard! Here you can simulate your funds performance for the next 5 years, check your balance and your earnings.

Simulate your contributions to generate all the transactions and check them at Etherscan, and have your dashboard updated.

If funds are vested, you can simulate a withdrawal of funds.

Next steps

We are currently fine-tuning and revising our business and token model with the help of our Advisory Board. We will likely update the demo once we’ve gathered community and more industry feedback.

On each release we invite the entire community to give feedback and participate in our development, as well as help validating our idea.

In parallel, we’ve already started to develop our alpha release, which won’t be a simulation anymore and will represent the evolution of the platform itself, starting from a crypto-only platform to a more complex platform with crypto/traditional asset mix portfolios, risk analytics, robo advisory and macro-economic scenario analysis for stress testing and portfolio optimization.

To report a bug or create a feature, please open an issue within our GitHub repository, or leave a comment in the comment section.

We’re looking forward to hearing from you!

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