AKITA

AKITA token, hereinafter referred to as AKITA, is an ERC-20 compliant smart contract designed for deployment on the Ethereum blockchain. AKITA is a decentralized and fairly launched token intended to be used for interaction on the AKITA network. AKITA works in tandem with a community governance token called gAKITA that is used for voting on the movements of the community as a whole.

The core purpose of the AKITA token is to be used during interactions between users on a decentralized and anonymous social media platform. Any time that AKITA is used on the platform it will burn itself into a relative portion of gAKITA to be given to the receiver of positive interactions on the platform. For instance, an upvoted post that receives 1000 upvotes, the owner would receive 0.01 gAKITA.

gAKITA as a token carries inherently more extrinsic value than the AKITA token due to the fact that evolving dynamics on the platform could increase the value of the influence that gAKITA offers over the direction of the network.

The AKITA network foundation will form an unincorporated nonprofit association. The AKITA contract and various affiliations such as social media platforms and webspace are being fully funded and developed by the AKITA foundation with the support of the community.

The AKITA foundation is dedicated to providing material through which anyone may understand the functions of our smart contracts. This step should foster trust with the community to better lay out the functions of our project.

The AKITA contract and gAKITA contract source code will be made public on Github after the launch of gAKITA. A PAID AND PROFESSIONAL AUDIT WILL BE DONE WITH THE OFFICIAL LAUNCH OF our v1 platform.

The AKITA and gAKITA contracts have several core functions outlined in detail in the following sections. Some of the important mathematical calculations and data structures are also presented here. Various example scenarios of user and multi-user activity and contract state evolution are illustrated where appropriate.