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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:
- 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
Concept development
Analysis and fundraising
Build and global marketing
Global citizen action
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