ACT
About ACT
ACT is a decentralised autonomous organisation (DAO) addressing social accountability by aggregating micro payments from citizens to fundgrass rootsproposals that drive change.
Social Accountability – “the extent and capability of citizens to hold the state accountable and make it responsive to their needs.”
It is comprised of two parts:
- ACT, where citizens purchase votes, and apply them to proposals; and,
- The ACT curation engine (ACE) where ACT Token govern curator rewards.
Features
- 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
Technical Info
ACT Roadmap
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Concept development
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Analysis and fundraising
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Build and global marketing
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Global citizen action
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Activity
Team
Verified 36%
Attention. There is a risk that unverified members are not actually members of the team
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