AUTORIA
About AUTORIA
PARTICIPATE IN A SECURE PROOF OF STAKE TOKEN
The structure of current ICOs leave participants susceptible to headaches and woes. Autoria tries to be different.
Solving the ICO Dump Crisis.
By Stuart Farmer posted July 4, 2017
We’ve seen quite a slump in the last few days in the Ethereum market and Ethereum investors are blaming it solely on the ICO fever. There is an accusation that some of the major ICOs such as Tezos and Eos are dumping their Ether on the market to liquidate it into usable funds for their business costs. This makes sense, but it also hurts the overall market. Similarly, you are seeing the whales who have gotten into the ICO early dumping their shares completely onto the marketplaces to make a quick buck, thereby destroying the value of the new asset.
With Autoria, we are combatting this behavior by limiting the amount of tokens our participants have immediate access to over the course of a year. Instead of purchasing the coins directly, participants purchase a stake that is distributed based on our proof of stake algorithm. We are also limiting initial participation to 100ETH to prevent whale buyers from controlling the entire asset. This allows the stakes to be distributed and fair.
Over the course of the year following our ICO, we will be releasing applications that will solidify Autoria’s standing in the market for the long term so that once all the tokens are dispersed, there is an ecosystem of value already created for the digital economy to function. In the beginning, these applications will be the simple gaming applications that bring in high volumes of activity. However, that will then transform into our mobile application, which will feature a peer-to-peer exchange, binary options, etc. as well as merchant services to provide a pipeline from Autorium currency into USD Tether into fiat and back so that merchants can take advantage of the benefits of crypto without the technical hassle.
It’s a trying time in the crypto market, but part of the beauty of cryptocurrency is that the community can develop new innovations to solve the growing pains we are experiencing. A decentralized community of developers can achieve more than the traditional centralist approach that is the current status quo.
We hope to see you soon as an early Autoria user so we can pave the path together in this exciting new field.
Features
- Automatic selfmining technology which allows for a completely transparent and fair token distribution model and effortlessly produces liquidity
- Autorium will take approximately 1 year to mine until completion. At mining completion, the number of tokens available will be a function of mining wells sold during the 3 week crowdsale
- Novel proof of stake token distribution method which prevents token dumping, rewards investors, and prevents hoarding of token generating assets
Technical Info
AUTORIA Roadmap
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1. Initial Distribution
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Autorium token aquifers will be distributed during the Mining Well registration period. Collectors who contribute during the collection period will be permanently registered as AUT generating Mining Wells. Additionally, collectors will be able to withdraw AUT immediately and experience Automatic Mining firsthand.
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2. Liquidity
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Automatic mining will occur rapidly during the first phase of growth to ensure liquidity. 10,000 App downloads will result in 1% AUT distribution to collectors (you!).
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3. Decentralized Applications
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Autoria’s Prediction Market and Autoria Casino Games will be released on all platforms. Our prediction market will allow users to bet on the direction of binary news events. Our provably fair casino games will include a lottery, “russian roulette”, dice, and more. These provably fair applications will allow users to win AUT whenever and wherever they are. 100,000 app downloads will result in a 2% AUT bonus distribution to AUT Mining Wells (collectors only).
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4. Deliver Core Services
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Autoria’s core services aim to disrupt the $7 trillion merchant services and payments industry. Large national merchants are already being pushed to their limits due to low margins and burdensome processing technology. Our technology-driven "Point-of-Sale" solutions will increase efficiency while simultaneously lowering the barrier for all parties. 1,000,000 downloads of our merchant services app will result in a 3% AUT bonus distribution to AUT Mining Wells (collectors only).
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5. Sustained Growth
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Autoria’s automatic mining system provides the best foundation for Autoria’s long term development. Our free applications will reward users for using AUT and allow us to drive growth through strategic development, not centralization. Continued developer engagement will continuously improve our technology and sustain long term growth for all collectors. Reaching 10,000,000 games played results in a 5% AUT bonus distribution to AUT Mining Wells (collectors only).
Activity
AUTORIA Team
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2 ICO
$10 000 000
AUTORIA Last News
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