Video #2: Platform & Token Model Description

Another team interview video

We have recently released another video featuring some of the Auctus team members. In this one, we give a more detailed explanation about the platform and token model.

Find below a transcription of the interviews:

“Our platform will include built-in analytic tools and dashboards to help users create optimized retirement portfolios. Furthermore, we are creating a marketplace for retirement-related services and apps, such as planning tools provided by third-party developers and human financial consulting services.

Our aim is to create a fair community, where the platform token will ensure a balanced ecosystem, where the quality of services and third-party tools are guaranteed by smart contracts. Users can check track records of human advisors, as well as historical performance.

The platform will feature an app store, a marketplace for retirement apps, giving the user a customized experience. Apps can be anything from complex analytics and projection tools, to very simple reminders.

All payments on the platform will have to be made in Auctus token. Transactions will be automated by using smart contracts. In addition, it will be possible to link payments to prediction outcomes. You will therefore never pay for bad advice again.

Our first development milestone was the release of a demo which dynamically generates and deploys smart contracts in the Ethereum’s Rinkeby testnet.

Using this demo it’s possible to simulate retirement plans using blockchain technology. Now, our next step is to release an alpha version of the platform, which can be validated by the community and will then lead to the release of the full version.

Developers are welcome to join our mission by checking out our Github and, in the near future, creating applications for our retirement app store using our robo advisory API.”

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