Links
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Overview
ICO Opening Date
Jul 18th, 2017
ICO Closing Date
Aug 1st, 2017
Description
ACT is a decentralized autonomous organisation addressing social accountability by aggregating micro payments from citizens to fund grass roots proposals that drive change.
Social accountability can be described as the extent and capability of citizens to hold the state accountable and make it responsive to their needs.
The ACT Token is a reward token that governs the distribution of 15% of platform revenue to proposal curators. Platform revenue is generated from citizens purchasing votes that can be applied within limits to proposals. Once a proposal is vetted by curators, and the community agrees to fund it through a voting round, a smart contract triggers payment.
ACT can operate at any scale and any speed to drive the change we need to see.
Technology
Blockchain Platform
Ethereum
Team
Members
Fraser Brown - CEO
Ian Cunningham - Project Manager
Ganesh Yung - Managing Director, Draglet, Lead Architect
Johannes Angermeier, Draglet - Lead Developer
Disclosure: This page is created to provide market intelligence. This is not investment advice and does not constitute any solicitation or endorsement of any investment. Any investment you make is done at your own risk and at your full and absolute discretion.
ACT News
June 3rd, 2018
ADZbuzz, a content discovery platform and an RSS reader, introduces a blockchain-fueled social media aggregator with a built in RSS feed.
May 14th, 2018
Blockjakarta, also known as Indonesia’s Blockchain Capability Conference was a huge success. It attracted blockchain expert of different nationalities, joining forces in a discussion over how blockchain will benefit the world and what issues we were facing at the moment.
By CoinSpeaker Staff on June 11th, 2019 Is Venture Capital in crypto still a thing? With the obvious benefits, what token offerings bring to the table for both subscribers to token offerings and token issuers?
June 5th, 2019
The U.S. Securities and Exchange Commission is suing messenger app maker Kik for $100 million ICO for its Kin token which they think was an unregistered securities sale. The regulator appears to have built up a strong case in its initial court move.
Facebook has announced that they are relaxing their advertising ban on companies promoting products and services relating to crypto. The move comes as the company is talking about its efforts to create a stablecoin to use within some of its apps.
Andrey Sergeenkov, an IEO Adviser and experienced digital entrepreneur, shares most essential principles you should keep in mind when launching an Initial Exchange Offering.
In 2014, Serena Williams launched her own investment firm – Serena Ventures, which, boasting quite an impressive portfolio of $12 billion, has quietly been investing in tens of companies including Coinbase.
Blockstack is likely to set a new precedence in the ICO Industry to be the first company to conduct its token sale under the SEC Regulation A+ framework.
After Lyft and TradeWeb went with their IPOs, another big company decided to do the same. Pinterest has already begun to prep for this by slashing its IPO target by billions of dollars.
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