The Social Friendly Cryptocurrency ACT Is Now on Pre-ICO Stage

Ken De
Ken De
Jul 24, 2017 · 2 min read

Social friendly cryptocurrency named ACT is entering the world of blockchain. Want to be different; ACT is made with social initiative in mind to help people of the world by improving their social accountability. With ACT, unbalance power between state action and citizen action is reduced, as citizen will have the extent to hold state accountable. Citizen will then feel the benefits, as they will able to mobilize financial resources, convey opinion, access to information, and engage in negotiation.

ACT is created by alumni of Trinity College Dublin’s International MBA Program, Fraser Brown. The team of ACT is consisting of professional experts that are Ian Cunningham, Benjamin Bommhardt, Ganesh Yung, Johannes Angermeier, and Bilal Arif. It works on Ethereum and the smart contract is developed by Draglet, a Munich company. ACT is part of WINGS Foundation social project, which develop DAO technology. WINGS Foundation is based on Switzerland. They develop DAO, which is decentralized autonomous system that will filter and value people’s projects. Members of WINGS DAO will have the opportunity to enter crowd funding.

ACT has been passed development phase, as they successfully test the prototype. In the white paper, we could see how ACT will helped people in need globally. Now, ACT is on pre-ICO stage. Pre-ICO of ACT runs for two week from July 18th, 2017 until August 1st, 2017. Pre-ICO is the fundraising stage when they open donation from public. Every donation in the pre-ICO phase one will enter a bonus scheme that is:

- Platinum bonus, it will give 10x ACT value for the first $250k donation
- Gold bonus, it will give 5x ACT value for the next $250k donation
- Silver bonus, it will give 2.5x ACT value for the next donation after $500k

ACT value is the value that will worth of ACT Token. For example, if a donator donates $200k on the first day of pre-ICO, the ICO value would be ten times of his donation that is $2,000,000 worth of ACT token. If a donator donates $300k, the first $250k donation would be worth of $250,000,000 while the next $50k would be five times or $250,000 worth of ACT tokens. Pay attention to the pre-ICO conditions that platinum and gold bonuses will reduce by half in the second week of pre-ICO. Therefore, by July 25th, 2017, the platinum bonus would be 5 times, while gold bonus would be 2.5 times. After pre-ICO, the roadmap will continue with pre-release access until November 18th, 2017. Then, ICO will start from November 18th, 2017 until January 18th, 2018.

add wallet : 0x4D9EFF498F7C23Ef30db6091c5d9Feb31bfcB0C1

Website : https://www.daoact.org/
Twitter : https://twitter.com/daoact_org
Faceook : https://www.facebook.com/daoact/
Slack :https://join.slack.com/actcommunity/shared_invite/MjAwMzIxNjYyMjk0LTE0OTc3OTA1MDQtYWMxYzUwMmM3Mg
Whitepaper : https://www.daoact.org/whitepaper/

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