Auditchain || lead the development of the world’s first decentralized ongoing audit

4 min readAug 14, 2019

Auditchain is leading the development of the world’s first decentralized ongoing audit and real time financial reporting protocol ecosystem for digital assets and corporate guarantees and disclosures. Auditchian enables continuous external validation of company systems and controls, financial data and the disclosure control environment by the CPA network and Chartered Accountants.

Ongoing Audit & Ecosystem Reporting Protocol

Auditchain is leading the development of the world’s first decentralized continuous audit and real time financial reporting protocol ecosystem for digital asset and enterprise assurance and disclosure. Auditchian enables continuous external validation of enterprise system and control, financial data and disclosure control environments by a network of CPAs and Chartered Accountants. The DCARPE Alliance is an accounting, audit and financial reporting consortium consisting of CPAs, Chartered Accountants, enterprise software providers and developers who are contributing resources to the development and driving adoption of the DCARPE Assurance and Disclosure Protocol. Auditchain enables enterprises to provide stakeholders with the highest levels of assurance through decentralized consensus-based enterprise external validation.

Driving a Guaranteed Economy Without a New Sense of Security

The AUDT Token functionality strengthens a new world of decentralized guarantees and disclosures. This is what drives the transparency of modern companies from initial certification, early detection, and remediation to financial reporting in real time with the highest level of guarantee through external validation of a decentralized company.

AUDT Token

AUDITCHAIN NETWORK ACCESS
AUDT Token opens the most robust and secure decentralized enterprise guarantee application and reporting network and reporting services.

AUDITCHAIN NETWORK SERVICES
AUDT tokens are the base currency and utilities for enterprise application services, guarantee payments and disclosures. AUDT unlocks network services that provide investors and stakeholders with the highest level of transparency with a fraction of traditional audit and reporting costs.

AUDITCHAIN NETWORK INTEROPERABILITY
As a two-layer protocol, Auditchain provides seamless interoperability between private and public blockchain that enables strong utility and atomic settlement of trade debt.

AUDT FEE
AUDT costs for companies can be reduced to zero through the distribution of subscription revenue and company participation in a decentralized trust ecosystem without trust.

PREMIUM STAKEHOLDER GUARANTEE
AUDT allows stakeholders to open and view detailed company audit analysis and detailed financial performance that provides the highest level of transparency of the company system and controls statistics to real-time financial performance.

ALLOCATION TOKEN

6% Initial Contributors and Adopters
40% Sales Tokens
18% Air Drop
10.3% Advisory
10.3% Team
10.3% Partnership
5% prize

TGE REQUIREMENTS

Auditchain will hold a token making event, (“TGE”) of a total of 250,000,000 AUDTs which will initially be launched on the Ethereum network through the deployment of ERC20 smart contracts.

Up to 115,000,000 AUDTs will be sold to early adopters, 45,000,000 will be allocated to the “Proof of HODL” Airdrop, 25,833,333 will be allocated to the team, up to 25,833,333 will be allocated to advisors, up to 25,833,333 will be allocated in connection with partnership, 15,000,000 will be allocated to initial users and up to 12,500,000 will be allocated in connection with our prize campaign.

AUDT will be used by customers to consume the level of financial details and audit analytics published by corporate adopters of the DCARPE ™ Guarantee and Disclosure Protocol through DCARPE ™ Explorer.

After the release of the DCARPE ™ Guarantee and Disclosure Protocol, 12,500,000 additional AUDTs will be issued each year in connection with the prize. The annual prize amount is an estimate and depends on the actual block time.

AIRDROP PROVISIONS

The “Proof of HODL” airdrop will include a drop of up to a total of 45,000,000 AUDT Tokens in four (4) separate airdrops for initial adopters for a period of one year after the final phase of the IEO Auditchain.

The wallet address must contain the AUDT Token balance at the time the photo was taken,
The AUDT Token balance contained in each wallet address must be identical in the circumstances or contain a higher amount for each successive block after the snapshot.
AUDT cannot be moved or transferred at any time from the wallet address. Each block will be audited to verify that no AUDT movement has occurred between the snapshot block and the Airdrop. Any movement in any amount will result in disqualification of the address for that specific Airdrop. Study again.

CALCULATION OF AIRDROP ALLOCATION

Each Airdrop will be distributed to eligible purses that contain an AUDT Token balance in proportion to their ownership in the total number of AUDT Tokens owned by an eligible wallet. This will be calculated using the following formula:

The Amount of the Total Airdrop multiplied by the Number of AUDTs Owned by the Adopter divided by the Total Number of AUDTs that Fulfilled Received Airdrops equal to the amount of AUDTs you will receive at each Airdrop.

ROADMAP