ACT — Supporting Social Justice and Community-Specific Social Accountability
ACT is a really a good initiative in cryptocurrency for social good.
Introduction
In today’s world Government is the central authority to take decisions for the benefit of Citizens but due to political ambitions by the political people they are polluting the entire economy by taking wrong decisions and that is deeply effecting on Citizens. Even though govt promised to fullfil certain things still it is a question for Citizens whether the promised event will be completed in time or not. Even what the Citizens are desired problem to be solved that may not be solved by Govt.
For Ex:
- Citizens in Wales fighting open cast coalmining because this will kill the people near to that due to huge pollutions will come from Coalmining. They have fought with govt in court with National campaigners but finding resources to sustain is really difficult for a real change.
These problems cannot be solved by a single person, So a collective action from Citizens will impact hugely on state govt to take actions for the benefit of Citizens. And increasingly the societies around the world supporting for safety of Citizens to come together and speak out is being diminished, In the world many people are concerned about our future on earth. To change the bad decisions taken by govt or others for interest of our Economy, some of the initiatives like Avaaz which boasts around 44 million members from 194 countries and Change.org is another which have 178 million members on board for people taking action. But these companies are working with a profit motive and Change.org earned around 15 million dollars when it have 20 million members. And at some point of time the top people in management may be greed to take all the money and can stop the company. And in every case we are seeing that central Authority is the main problem for taking actions in right direction and having chances of looting money. This all should be changed in every industry through decentralisation.
Now ACT (https://www.daoact.org/) want to counterpart by using Blockchain tech for decentralisation which will completely eliminates the need of central Authority and want to support to get real value for the citizens from the governmants and other bad actors.

Vote Pricing Accessibility
ACT (https://www.daoact.org/) is designed to fulfill the purpose of controlling vote price and make it affordable for everyone all over the globe. The major ultimatum of vote pricing is concluded by entitling the vote with dollars rather with ETH. The supposed cost of vote is set to be 10 cents US dollars with the restriction of count of votes. Users of ACT can get 1000 votes on just 100$ USD. Whereas there is a possibility that millions of ACT users are living from hand to mouth and they are so poor to get this voting right for this price hike. On the other side well off citizens might take advantage of it. A big risk is that, they can exploit on votes due to this uncontrollable prices. There is a need to design some sort of procedure to reduce such challenges and hazards of it.
Offer Potential and Legitimacy
The second risk is the major one which should be mitigated as soon as possible to achieve the purpose of ACT. ACT curation tool or engine is the distributed portal which is being used to cross checks the offers through it. An Algorithm is coded to give benefit to its curators. This Algorithm is legal way to assess contributions from society and it was created to fairly score individual grants easily. It gives us its intuitive value. ACT (https://www.daoact.org/whitepaper/) users who buy votes on the worth of just 15% ETH are given advantage of getting curators award. This award is donated to curators of ACT after proper evaluating through algorithm.
Security Challenge
Ethereum block chain reserves ETH pool of ACT. ACT development department does not design a new pool for it. The purpose of this act is millions of users send millions of dollars equally and they are stored with validated and proven security. Payments are brought about to curators by smart contracts and offer maker in accordance with ACT maker. To mitigate the challenges of security and protection of ACT First timer offer should be clinched in this scenario. But in that case, size of ticket would be hundreds or thousands of dollars in spite of millions.
Advancements of ACT
ACT (https://www.daoact.org/whitepaper/) brings a new advancement that citizens can keep their individual votes topped so as to proceed to offers consistently. ACT is created and designed for the purpose to become global portal which lifts communal accountability. It is a consistent method to be used by its users who have been registered so far. ACT keeps them far secure than any other method or procedure that they have used so far. It ensures them validity of offers. ACT reduces risks of frauds as well. It triggers payments by using smart contracts. Further, this platform is going for more improvements in near time.
For more details about ACT visit :
Whitepaper https://www.daoact.org/whitepaper/
Website https://www.daoact.org/
Facebook https://www.facebook.com/daoact/
Team https://www.daoact.org/team/
Author
1nazarenkooleg
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