The digital world is growing so rapidly that many newly created platforms offer so many services, such as exchange services, commerce, health, humanitarian services and etc.
Basically, people around the world have financial problems that keep them stuck in everything in life, in addition to financial limitations, they also have no access to basic financial services so they are difficult to escape from the poverty of the world, here I want to discuss about the new platform with the mission of helping people who have difficulty in financial access problems. This platform is named ACCESS NETWORK.
⇛What Is ACX Network?
A new platform based blockchain created to help everyone in their financial access difficulties, Acx network is equipped with a direct control system to people who have their own token, Acx network empowers its users with unlimited access so they can control their own economy.
Acx network brings revolution to the crypto community by providing unlimited access to every newly created tool and economy, where we all know the crypto community needs a liquidity that connects them to each other with fast access.
With the Acx network, the Crypto Community in a country with minimal financial access is now getting a boost to further develop their community, an Atlas network offered by Acx network that blockchain helps them in every transaction they made.
⇛How ACX Network Works?
Acx Network will realize the interdependence of the community into a large crypto family, providing the same services for a goal of economic freedom, developing technology and the ability to define an access related, creating new economic forces as a solution to overcome the financial difficulties among their members.
⇛The Token Access
ACX is an ERC-20 token that will be used to participate in on-chain decision processes as well as the auxiliary services rendered in various off-chain contexts. The entire Access Ecosystem relies on the circulation of ACX, which is analogous to a key that grants its holder the ability to participate in the network. ACX will have several core functions that multiply as the ecosystem diversifies and expands.
- The Governance Protocol gives ACX holders the power to alter on-chain components of the ACX Network by drafting and ratifying new decision modules and governance amendments.
- The Incentive Pool unlocks ACX tokens to reward participants who contribute to the ecosystem.
- Once the Polling Module is deployed, ACX tokens will be used to participate in the process of delegating, voting, and submitting polls that will allocate and disburse Incentive Pool funds to Access contributors.
- Lastly, ACX will be used as the medium of exchange and unit of account in the applications, markets, and communities that are built around the network.
There is an initial supply of 6 billion ACX, 1.62 billion of which are locked into the ACX Incentive Pool.After the token generation event, the Incentive Pool will begin unlocking these tokens at a decreasing rate to bootstrap the development of off-chain services. The unlocking rate will decrease each year until the entire pool is available ten years later. From this point on, the Incentive Pool will mint new tokens at a rate between 0% and 1% of total ACX supply based on the votes of token holders (see Incentive Pool).
⇛ACX Distribution
6,000,000,000 ACX, to represent the 6 Billion people without adequate financial access, will be created and distributed over time to various participants. Achieving the most widespread distribution is critical to the fulfillment of the very purpose of the Network as Access sees equitable communal composition as crucial to its success.
6,000,000,000 ACX, to represent the 6 Billion people without adequate financial access, will be created and distributed over time to various participants. Achieving the most widespread distribution is critical to the fulfillment of the very purpose of the Network as Access sees equitable communal composition as crucial to its success.
- 27% Token Generation Event: 1,620,000,000 ACX will be made available in consideration of contributions from initial participants to stimulate the initial circulation of ACX.
- 27% Access Underserved Exchange: 1,620,000,000 ACX will remain locked up and will newly enter into circulation on an as-needed basis. These ACX are locked-up in order to ensure equitable circulation of ACX amongst developing world participants, whether in West Africa or beyond. Partner exchanges will be able to call upon the Network to access ACX from this reserve. Atlas Money will provide ACX to users in West Africa ahead of further integrations with a broader network of exchanges that are dedicated to servicing the underserved. Airdrop incentive models may also be developed to reward individuals that lead to the distribution of tokens to new underserved participants. Upon depletion of the reserve, exchanges will continue to act as liquidity providers of ACX.
- 27% Incentive Pool: To ensure alignment of interests across the ACX Network, 1,620,000,000 ACX will be created and locked into an incentive pool that is released upon the directions of the Network via its decision-making modules. During the first 5 years, the pool will be unlocking rewards in a mix of ETH and ACX and will become fully funded by ACX for the following years. The pool will be distributed until reaching zero ten years later. From this point on, the inflation rate will be reset between 0% and 1% each year based on the votes of token holders.
- 12% Founders: Built by the team behind Atlas Money, the Access team will have access to 720,000,000ACX over time, for all of their research and development efforts and years spent creating a successful operation model for connecting West Africans to the ACX Network. A portion will be set aside to 22 incentivize future team members. In conjunction with the greater ACX Network, the Access team will continue to support the mission of ACX and will be tirelessly dedicated to the development of necessary products and features to improve interactions with the ACX Network. Founders tokens will be locked in a smart contract and will vest quarterly over 48 months, with 25% vesting immediately to allow for voting participation
- 4% Advisors: 240,000,000 ACX will be awarded to current and future advisors and partners who are aligned with the vision of the ACX Network. Any Advisor’s tokens will be locked in a smart contract and will vest quarterly over 48 months, with 25% vesting immediately upon issuance to allow for participation in the voting process
- 3% Community Rewards : 180,000,000 ACX will be rewarded through a Community Rewards programs to assist in community building. This will also include our future Bug Bounty Rewards programs.
⇛Roadmap
- Q1 2018 - Access Network and its Governance Protocol goes live on testnet.
- Q2 2018 - Token Generation Event Access Network and its Governance Protocol goes live on mainnet Governance Protocol Interface.
- Q3 2018 - Submitted Decision Making Modules will be voted on for adoption.
- Q4 2018 - The first decision-making module will go live on the Access Network mainnet.
- Q1 2019 - Access will continue to develop useful Dapps for the Network, above and beyond developments contributed through any decision-making modules.
⇛Team
⇛Advisor
⇛ Timeline
Fore more information about ACX NETWORK, Please visit:
- Website - http://acxnetwork.com/
- Whitepaper - http://acxnetwork.com/ACX_Network_White_Paper_v0.4.pdf
- Blog/Medium - https://medium.com/acxnetwork
- Facebook - https://www.facebook.com/ACXnetwork
- Twitter - https://twitter.com/ACX_Network
- Telegram - http://t.me/acx_network
- Bitcointalk Thread - https://bitcointalk.org/index.php?topic=3036191
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1113323
TELEGRAM: @inakamakku
ETH Address: 0xb01ED849a9f602cb01b62A5072d79182bc230f20
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