ACT : ACT is well known because it is a decentralized autonomous organization (DAO). ACT addresses social accountability on the behalf of micro payments from the token holder who are ought to be the citizens. ACT comprises of two parts one to purchase votes and second is ACT curation engine (ACE) which is the main focus of ACT. ACT user manual is easy to use; download mobile App and then simply choose cause type and purchase votes for the proposal. . Mobile App have push notification option to vote YES, NO or abstain for a particular proposal. The proposal with considerable number of votes are funded with the option of innovation in proposal remains quite important. ACT is somewhat different from crowdfunding. DAO design of ACT is quite unique which have two central goals; first goal is “vote price accessibility” which actually maintains price for votes. Maintaining prices for votes is important in regard that prices are reasonable and accessible for every user in the world no matter what is their personal economic context. Second central goal of ACT is to maintain quality and validity of proposal. This is important in order to make sure that voters of DOACT receive proposals via mobile App which have high potential, feasibility, and legitimacy. And also proposals must be valid and non-spam. ACT organization works well when these two central goals are accomplished. Vote price accessibility is attained easily by designating the cost of one vote in dollars and not in ETH. The first nominal cost will be 10 cents (USD) which also have limited numbers of votes. These are the votes which an ACT user can apply to any particular proposal having worth of 100 dollars (1000 votes). So where millions of voters belongs to poor community of the world who are living on merely one dollar or less per day, this is also not enough because there might be chances that the rich society of the world may capitalize on votes as well. So ACT came up with a just mechanism to reduce this risk and limits the number of votes a user can apply to any proposal. As already mentioned the second goal of ACT deals with proposal quality and validity, ACT curation engine (ACE) plays its part in the regard. ACT is one of the decentralized platform letting users for vetting their proposals. There is an algorithm which rewards the curator by deriving a score of individual contributions. Most of the community members consider it a fair assessment in order to give value to one’s contributions. 15% of ETH which is received from ACT users in order to purchase votes are rewarded to curators. So algorithm of ACT is fair in rewarding the curatos. ACT
Whitepaper
Author: Camelson
Bitcoin profile link: https://bitcointalk.org/index.php?action=profile;u=377298
ETH address: 0x1a0a527236d8908Db0007E546B544Cba3F226A90
