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