ACT is decentralized autonomous organization using a new technology in which people support each other in their causes. The goal is to promote citizen’s causes and improve their social accountability. Aim of act is to support the new causes that improve state of citizen and help them in empowering their actions. The output of these activities is that NGOs and other civil societies who are already working for the betterment of citizens start supporting citizen’s cause to improve social accountability of citizens. No restrictions on the basis of regions, everyone can join ACT community.
You just need to download dApp in your mobile and read all the instructions related to the working of ACT app. User will buy votes to support any cause and after purchasing votes user will have some proposals on their screen which are pending for acceptance by curator. User vote the quality proposal and after submitting vote from user ACT automatic curator engine cross check that proposal and accept that proposal and the submitter will get ACT tokens in result of this process. This is how act works and support citizen’s cause and improve their social condition. Two best things about Daoact are, Price of vote is cheap that is used to support proposal of others accepting for funding. User have authority to vote for selected and quality proposals.
ACT curation engine has four phases from submitting of proposal to funding of proposal. (1) Submission of proposal need tiny amount of ETH because act uses ethereum platform, proposal is public so people can look into that and vote if they feel that this is a potential proposal. (2) Contacting through random people to confirm the validity of proposal from the one who submitted the proposal, this phase is known as Curation. (3) Third phase in which proposal proceed globally to check if the proposal will be completely meet the rules set by ACT officials. (4) Last phase in which people vote for potential and quality proposal. Design of daoact is very simple and easy to understand, act maintain their platform by funding firms that are working with them and helping them in their project to support citizens.
Dao Act ltd and Dao act foundation will get some percent of profit form the funds collecting during campaigns. ACT add some advancements to crypto world by introducing secure and beneficial platform to support those citizens who want to do something but due to lack of capital they cannot take an initiative to what they want to work to improve their financial condition. It introduces new system to fund those innovative projects that are not mobilize due to funding.
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Eth Address 0x018e1ad8eAbe1d6c7d1dC712cF72925AbFaA9700
