AMA Recap: Acent’s Your Earth DAO x Kucoin IDN Community

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Acent

17 min readJul 11, 2022

On July 7, 2022, Riana, Acent Indonesian Ambassador, participated in the Ask-Me-Anything event with Kucoin Indonesia. The event provided an excellent opportunity to introduce the Acent blockchain to their Indonesian followers and its pioneering products, most notably the newest live-to-earn (L2E) platform called the Your Earth DAO, which includes the new concept of metaweb.

AMA Information

Date: 20:00 UTC+7 Thursday, July 07
Venue: Kucoin Indonesia https://t.me/KuCoin_Indonesian

AMA Summary

Segment 1: Project Introduction
Segment 2: Answer questions from the Google Form
Segment 3: Live Questions

Segment 1: Project Introduction

Question 1: Maybe Riana introduces herself a little and tell us the short story behind Acent.

Riana — Acent Indonesia Ambassador: Hello everyone, I’m glad to be here today, with such a large audience. My name is Riana, currently, I am Acent Indonesia Ambassador with the mission of introducing and connecting Acent and its ecosystem to the Indonesian speaking community.

Acent has established itself as a Web 3.0 blockchain based technology company. Acent uses a token economy that combines blockchain-based Web 3.0 Acent Browser and token to fuel its user-centric web services. It also serves as Web 3.0 gateway to AAA-rated games and high-performance web services. If you’ve ever done a little research on Acent, you’ll see that we have are close to launching a public alpha test version of an unreal engine 5 based web service. We call this the metaweb and it is the closes thing that you can think of to a ready-player-one style immersive web service. We call this this the metaweb.

Question 2: What mainstream products does your ecosystem currently have and what are their directions?

Riana — Acent Indonesia Ambassador: In Acent, develop and own a comprehensive technology platform and ecosystem. This allows products to be developed rapidly, with user-centricity while ensuring long-term sustainability without relying on third-party technology. Currently, we have many products in our ecosystem:

Your Earth DAO Metaverse: Your Earth is Acent’s metaverse service that provides businesses and enthusiasts alike a ‘life business’ platform that would fuel their passion and creativity.
Web 3.0 Acent Browser: Acent Browser is a blockchain-only browser that understands the blockchain language well and is designed to be most compatible with blockchain.
ACENT Mainnet: AcentMainnet is a unique blockchain algorithm network designed to co-exist with major blockchain networks. By building the Acent network, we provide various solutions to the problems of current blockchain networks, provide improved functions to build a virtuous cycle ecosystem.
Metawallet: Metawallet is an Acent Browser built-in multi-wallet that supports crypto-related activities in a harmonious and safe manner. (payment, remittance, deposit, network compatibility, etc.)
Liberty Meta Search Engine: 100% open-source search engine that promotes freedom of speech with top exposure of trusted internet information through a user reliability review system.
dAppstore(DAPPX): The dAppstore provides the most optimized blockchain service to users by integrating with the blockchain-friendly Acent Browser that serves all blockchain-related content.
Your Earth DAO Metaverse: Your Earth is Acent’s metaverse service that provides businesses and enthusiasts alike a ‘life business’ platform that would fuel their passion and creativity.

These are some of the products that are currently the focus of development at Acent.

Question 3: On your media now, I see a lot of posts about a metaverse project called “Your Earth DAO”, so what exactly is Your Earth DAO?

Riana — Acent Indonesia Ambassador: Your Earth DAO is a space within the metaweb which we define it as a new immersive gamified internet service. To answer this question, I want to put it in a more interesting way. I will explain Your Earth DAO (YED) based on 3 words that you may have seen a lot in our posts: Live-To-Earn #L2E, “One Perfect Life” platform, “Ready Player One” style metaverse.

Live-To-Earn #L2E: Earning in Your Earth DAO will not be as complicated as you think. Your ideas and real-life talents can be realized in Your Earth DAO as you are still using them every day for your current job. Absolutely possible, if you are a shoe designer you can design them, display them or sell them on the NFT marketplace in YED and become more and more famous. If you are an entrepreneur or an application developer, you can completely bring your models and products and start a business inside YED. Or even becoming a KOL by creating content and distributing it on our content delivery network (CDN). You will be supported by our powerful development tools. That’s why we call it Live-To-Earn.

“One Perfect Life”: Enjoyment is what you desire inside Your Earth DAO. Acent aims to bring Your Earth’s “One Perfect Life” metaverse to the real world with an openspace environment and seamless lifelike metaverse experience, making everything possible shaped by your boundless imagination. You can do what you want, go to the places you like, meet and interact with friends and community.

Ready Player One: Exactly what the graphics quality of Your Earth DAO is because it is built on the best high-end graphics engine, Unreal Engine 5. The graphics in Your Earth DAO are all 3D objects, with coordinates and can be interacted. There is open and interoperable space with the actual size of our planet where you can move and interact like exactly what’s going on in your daily life. You can enjoy wearable #NFTs with a meta-avatar that satisfies natural, flexible motion, and immersion in reality to express yourself freely. Don’t forget AR/VR support is also an amazing experience inside our metaverse, which you may have seen in our development footage.

Question 4: Can Ms. Riana give overview of the Acent& Your Earth DAO Tokenomics? What is the most valuable point that users should not miss?

Riana — Acent Indonesia Ambassador: Wow, that’s interesting, this is a very important question. If you are interested, we recently launched a new tokenomics model for Acent and YED with the participation of new EDAO governance tokens.

In order to provide a strong financial support structure for Your Earth DAO (YED) as the first Layer 1 metaweb ecosystem through the Acent blockchain and to allow rigorous monetization of the creative activity of the YED community, we have implemented an innovative Acent tokenomics reflecting the best practices of the first-gen metaverse projects. In the Your Earth DAO, all assets and meta-app creation tools are accessible by third parties. This is to encourage the YED community and developers to build their own immersive, hyper-realistic play-to-earn games, tools, and apps and share their experiences on the YED metaweb.

For a fully functional and sustainable tokenomics, YED pools the 3% service charge of all services or meta-app provided within the YED ecosystem in addition to the 91% of all on-chain transaction fees (or so-called Nitro fees) of the Acent mainnet. These are used to:

1) Develop the core metaweb ecosystem;

2) Compensate the EDAO governance token holders, including landowners;

3) Deploy a self-sufficient, robust, decentralized immersive web service.

EDAO tokens are ARC-20 governance and ecosystem revenue share tokens in the YED metaverse. Holders of EDAO tokens will be able to claim privileges and rewards in the following ways:

Pledging EDAO to receive revenue share rewards from the entire ecosystem fee collected in the UBI pool.
Trading on the Acent DEX.
Participating in the key governance voting system of the YED.

For further detailed information and how to obtain EDAO token, you can visit or whitepaper https://doc.acent.tech/whitepaper/#acent-metaweb-tokenomics-overview

As governance and ecosystem revenue share tokens of the metaverse, EDAO is definitely a token that no user doesn’t want to own. It’s like you have shares and dividends of a real-life company. The more EDAO you own, the more you will have a greater role in deciding the activities of the metaverse, and get more in return from the profit sharing of the ecosystem. One more thing, in addition to sharing in the profit from the ecosystem fees, users who pledge their EDAO will receive Acent guaranteed incentives for the first 6 years as the chart below:

Question 5: With open-space metaverse projects like Your Earth DAO, there will often be NFT lands introduced to the community. Does YED have the same thing? What’s unique about the lands in Your Earth DAO?

Riana — Acent Indonesia Ambassador: The question is also critical, well, the Kucoin team is really good.

Yes, definitely Your Earth DAO has Land NFTs, we call it Land Spot in the smallest unit. Currently our team is trying to provide the first impressive YED experience to users as soon as possible. There will be events that encourage first-adopters to enter our YED world, one of them will be the introduction of limited Acent City land spot sales. Acent City land is unique because it allows the owners to mine more EDAO tokens. EDAO tokens gives you the power to receive ecosystem earnings along with governance benefits. We are planning the first Acent city Land Spot NFTs sales event in Q3. As this is imminent it is best to stay tuned to our social media channels. Roughly 39,000 spots of land NFTs be made available to the public during the first sales event. Each land NFT will be minted on the Ethereum chain and later migrated to the Acent mainnet.

And here’s what you can do inside YED’s Land Spot:

Trade land at any NFT marketplace: Owners of YED land will be able to trade and profit from the market value of their land property by listing it on an internal or external NFT marketplace.
Mine meta-resources and energy: Landowners may plant Pylon NFTs on their spot of land to mine a particular meta-resource or energy that can be utilized, sold, or traded at any internal or external NFT marketplace. Pylon is a type of NFT that produces necessary resources for many YED’s activities.
Mine EDAO tokens and participate the metaverse governance: When users own land, they can mine EDAO tokens that enable them to participate in the metaverse governance through voting or submitting DAO proposals. Besides, EDAO also offers many attractive benefits that I have mentioned above.
Rent out their land as the traffic builds: Foot traffic is projected to increase in the YED metaweb service. Landowners can gain income from rental fees incurred by other businesses that built their properties on their land.
Build businesses with unlimited creative potential: Business ideas can be built in unlimited ways using the resources you own and the powerful development tools provided within YED.
Monetization and creation of creative content through meetings, hanging out, traveling, and interacting with other meta-citizens: People can record and share their moments on a meta-content delivery network within the metaweb. It can turn out to be a new fun and profitable market segment.
Deploy meta real estate: Landowners can buy, design, or build a meta-real estate on their land to increase the amount and quality of foot traffic. The more traffic they get from their land development, the higher $ACE rent can be demanded in the future.

As you can see, the most exciting economic activities of Your Earth DAO require a land spot to proceed. It is easy to understand since this is an open-space metaverse and land is an important resource. That’s why we always encourage passionate users to own Land Spot NFT early and come up with ideas to jointly build prosperous areas and share benefits.

Segment 2: Answer questions from the Google Form

Question 1: Hi Acent Team! How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?

Riana — Acent Indonesia Ambassador: Even though the total Acent dev team consists of roughly 50 people and expanding fast, Acent was founded and run by a core team who have many years of experience in working and developing technology products in general and blockchain in particular. I can introduce to you people on the executive team and their outstanding experiences.

Sean Kim (Founder/CEO)

10 years of experience in IT sector
Decenternet Association HK, Founder
Patent holder for distributed reward-focused Internet service provision infrastructure
Creator of Acent Web 3.0 (Osiris Web 3.0) browser
Creator of Acent (Osiris) Metawallet
DAPPX (dAppstore), Co-founder
Lead solutions architect for mining algorithm optimization software
Lead solutions architect for cloud mining management software

Angella Kim (Co-Founder / Vice CEO)

7 years of experience in blockchain related business.
Promoted and accelerated blockchain related international projects with globally recognized companies (participating in numerous blockchain related projects such as exchanges, games, IP, mining as partners).
Published and aired as an Asian female leader in the blockchain industry by numerous foreign media outlets such as Global Magazine (First Korean woman on the cover of The Face),Vietnamese national broadcasting and TV news,and Chinese news. Single Korean female representative who was invited to the 2019 Forbes Vietnam Business Forum amongst the top 50 Vietnamese companies.
Advisor of Korea Blockchain Contents Association (KBCCA)
Advisor of Korea Mobile Game Association (KMGA)

Shin Daisuke (Chief Technical Officer)

More than 16 years of product development experience, including areas of telecommunication as his main concentration.
Participated and supervised 180 development projects including AT&T ,Motorola, Intel, Coca-Cola, AT&T and more.
Holds Data Center (TOGAF) digital architecture certification, blockchain developer certification, TELCO technical advisor certification, etc.

Question 2: How many types of LAND specifications are there from this YED?

Riana — Acent Indonesia Ambassador: A total of 39,000 spots of Acent City land will be made available to the public during the first sales event. There will be a total of 9 tier groups of land available in the future on the Virtual Earth planet within the metaweb. The Acent City land benefits surpasses them all due to its ability to mine EDAO tokens. Also, this is the only place in the YED territories where you can mine digital electricity (called the ZEP). On the other hand, lands on the planet Earth lands mirror the real locations of land areas in the physical world with their own XYZ coordinates in the YED metaverse.

Details about the sale of Acent City lands will be updated soon in our official community.

There are different parcel types available on the YED. These are as follows:

SPOT: The smallest unit of land that can be bought or sold in the YED is called a “spot.” Its size is 27m x 27m of YED land.
LOT: A combination of 3 x 3 spots of land is called a “lot.”
ZONE: A combination of 9 x 9 spots of land is called a “zone.”
DISTRICT: The biggest contiguous area of land in the YED is called a district, which consists of 27 by 27 spots.

Question 3: What are Acent Tech great team plans for global expansion? Currently, which market will be the main focus or focus on building and growing to gain customers, users and partners??

Riana — Acent Indonesia Ambassador: We always have a long-term plan for our global development plan, as you can see from your roadmap 2.0 at https://doc.acent.tech/whitepaper/#acent-roadmap-2-0, we have a dense plan to develop and launch features to serve all user groups. Understanding the needs and tastes of our customers is a must, but we always boldly propose and be at the forefront of new ideas, as we want a new generation of economy and society to be formed inside Your Earth DAO. As a global product, we also want to be closer to and better understand the needs and characteristics of each local market. Currently Indonesia is an important market with a large number of internet users and rapid adoption to blockchain technologies.

Question 4: What will your team focus on to increase the value of $ACE tokens in the short and long term?

Riana — Acent Indonesia Ambassador: I like that the questions, investors’ questions, are simple but very important in measuring the value of project development.

Before giving a few of our thoughts on how to increase the $ACE token’s value, I would recommend that interested people consult our whitepaper on tokenomics section at: https://doc.acent.tech/whitepaper/#acent-metaweb-tokenomics-overview

First, as Ethereum is the base currency on the ethereum blockchain, Acent is the base currency used as cash and required for all transactions on the metaweb. You will need it to deploy dapps, meta-apps, pay for nitro (gas in Ethereum), therefore it is the first currency for the metaweb.

Secondly, there are many $ACE pledging (similar to staking) programs that will encourage users to accumulate and lock up their $ACE tokens to receive rewards from our products. For example, pledging $ACE for Your Earth will give back pledgers NFTs and other valuable rewards. The Acent pledging feature will be released very soon. More details on this will be released next week on our official channels.

Thirdly, There are buy back mechanisms and partial burn mechanisms for $ACE tokens we collect from service charges and on-chain transaction fees inside Your Earth DAO.

Lastly but very importantly that, the community has the right to propose and vote in Your Earth DAO, so the use of $ACE tokens inside Your Earth DAO will be decided to benefit both ecosystem users and sustainable development of the platform.

Question 5: What is the advantage of your Acent blockchain, why are you developing it to run the Your Earth DAO metaverse?

Riana — Acent Indonesia Ambassador: In the process of learning about the technical requirements for building a full-scale metaverse, we realized that building the metaverse on the Ethereum mainnet (Layer 1) would most likely address security but not scalability due to its low throughput of only 17 transactions per second (TPS), potentially resulting in extremely high gas fees.

As a result, a new solution to run the Your Earth DAO metaverse was proposed: a first-layer protocol built on the Acent blockchain that would address all inefficiencies in existing metaverses. The Acent blockchain scaling solution is launching Your Earth DAO as the first of many other simulated parallel reality web services that will give users a compelling blockchain user experience. The Acent blockchain technology will provide the following capabilities to the Your Earth DAO metaverse:

Full compatibility with decentralized applications from other chains: this allows users and developers to import Ethereum-based decentralized applications (dApps) into the Your Earth DAO metaverse. Users will be able to create their own NFTs and deploy them on the metaverse platform without having to change their development environment to deploy their decentralized applications to the Your Earth DAO metaverse.
Lower fees: Because Nitro fees of Acent, which are similar to gas fees in Ethereum, are relatively inexpensive in Layer 1 solutions, users can enjoy value exchanges of their digital assets and NFTs as frequently as they want without the financial burden.
Fewer validators equate to faster transactions: Acent’s Proof of Staked Authority consensus mechanism validates the chain coming in the blocks with only a few validators. As a result, it will not only have lower transaction fees, but it will also have one of the most stable and fastest Layer 1 solutions on the market.
Reduces scalability issues: Acent blockchain is able to process NFT and crypto exchanges at a higher but stable 400–500 on-chain transactions per second (TPS) and 300,000 digital transactions per second (DTPS). This is faster than the Ethereum chain, with an average of only 17 TPS.
Promotes Decentralized Autonomous Organization (DAO): DAO is a Layer 1 feature of the Acent blockchain technology that allows Your Earth DAO users to vote on issues that may affect or improve the platform’s governance.
Protects NFT digital assets from hacks: There are three main reasons why the system is highly protected:

AcentMainnet is deployed on high availability, high-performance network that is a financial certified server;
it has two-layer, end-to-end service protection for Distributed Denial of Service (DDoS) attacks;
all web servers are protected by Secure Sockets Layer (SSL) which means it uses encryption algorithms to scramble data in transit, preventing hackers from reading it as it is sent over the connection.

Segment 3: Live Questions

Question 1: Accent infrastructure often mentions the metaweb, can you explain what metaweb features are in Acent?

Riana — Acent Indonesia Ambassador: See the #metaweb features in Acent below:

#DAO (Decentralized Autonomous Organization) based governance that are publicly verifiable in the blockchain;
Can render high-end graphical features such as hyper-realistic graphics, #AR, and #VR support;
Has a unique #metaweb domain name system support such as MRL;
Has 3D object-based websites called meta-sites;
Capable of supporting enticing and real-time dynamic activity-based play-to-earn (#P2E) applications;
Developer tool agnosticism not limited by a centralized product developer authority; and
And many others!

Question 2: Can you give an example of a revenue model that a novice or beginners user can have in Your Earth DAO metaverse?

Riana — Acent Indonesia Ambassador: There are some idea how you can earn in Your Earth DAO :

Default traffic revenue
Business Incubation through Tokenization on the Acent blockchain
Business development within meta-spaces
Acent DEX listing
Deployment of meta-applications
Revenue from NFT interactions
User-business collaboration revenue
Service Fee Revenue (concerts, exhibits, etc)

Question 3: Can You please explain about EDAO Governance system in Your Earth? And can you share with us EDAO total token that available and the Token distribution?

Riana — Acent Indonesia Ambassador: With EDAO, holders can exercise their voting rights on the YED platform. This includes important matters such as foundation grant attributions with regard to content or creation of several features in the YED platform, including prioritization or inclusion of some important activities in the YED roadmap. Other governance benefits of the EDAO include:

the ability to submit proposals that could affect the governance of the YED platform; and
the privilege of reviewing and commenting on the DAO proposals submitted by the members of the community on the YED platform.

There will be 8.1 billion total EDAO tokens available (representing the UN projection of the world’s population by 2025). This is to quantify the value of EDAO as the unit of measurement for the value of monetized creativity, self-governance, and economic power a single person can have on the metaweb. In other words, whatever EDAO is worth, it will be priced as the equivalent of how much creativity, financial potential, and political intelligence an average human being represents.

Question 4: There is many Decentralized Gamified out there, what makes Acent blockchain technology different and How Acent Blockchain Technology will deliver a Decentralized Gamified Web mechanism?

Riana — Acent Indonesia Ambassador: The Acent decentralized immersive gamified Web service combines the advantages of the Web 3.0 architecture with robust software development tools that enable immersive high-end graphical capabilities. The Decentralized Gamified Web, developed with Acent blockchain technology, is the next iteration of the Acent Web 3.0 (Osiris Web. 3.0) browser, ushering in a paradigm shift to the latest web technology.

From simple two-dimensional graphics and centralized Web 2.0 applications, Acent blockchain technology is releasing the base application service that provides the first metaweb Operating System (OS) by combining decentralized Web 3.0 Internet with high-end gamification technologies.

Acent will advance the Web 3.0 architecture to the next level by delivering the next evolutionary stage of immersive, remunerated, and highly scalable decentralized consumer infrastructure applications, mainly through the YED reality simulation metaweb service.

Question 5: Is Your Earth free to be accessed by anyone? And are the content creators like youtubers free to use Your Earth DAO platform?

Riana — Acent Indonesia Ambassador: Very interesting question, Well of course Your Earth DAO is open to the public and can be accessed by anyone.

If you are a content creator or YouTuber, Your Earth DAO is an opportunity for you to express and create freely in the world of Metaverse, you can show your various works, and make all your creativity as an opportunity to get profit, so don’t miss your chance with opportunities that are wide open at Your Earth DAO

END AMA