ACT - Citizens First Driving Social Accountability

What is ACT?

ACT supports the extent and capability of citizens to hold the state accountable and make it responsive to their needs. It is a next-generation organisation that aggregates funding from citizens targeting change and organises decision-making on an immutable blockchain.

is delighted to announce its pre-ICO to 17:00 CEST (08:00 PDT) 18th July 2017

5% of proceeds (ETH) will be distributed to WINGS forecasters using WINGS ICO integration with a smart contract (please note dates could be subject to minor changes due to third party smart contract audit timelines)

The world’s first decentralised platform promoting social accountability will launch on WINGS. Here is our announcement published last month, and which was widely covered.

Team:

CEO: Fraser Brown LinkedIn

Project Manager: Ian Cunningham LinkedIn

Lead Architect: Ganesh Yung, Managing Director, Draglet LinkedIn

Lead Developer: Johannes Angermeier, Draglet LinkedIn

Learn more about team and partners here. Also, please check out our "meet the team" video.

https://www.youtube.com/embed/u7Xv12oMm_U

Token details

Token name: ACT

What does this token represent: It is a reward token that governs the distribution of 15% of platform revenue to proposal curators (see white paper)

Total supply: 10 billion

ICO format: All ACT will be issued and distributed during the crowdsale (ICO)

ICO details:

A total of 10,000,000,000 (10 billion) “ACT Token” shall be implemented in the smart contract.

More about ICO details in the White Paper

ROADMAP

In January 2017, we built a prototype of ACT on the Ethereum testnet, and full specifications have since been developed based on the final ACT White Paper. These specifications - including fixed pricing for the smart contract development work (identified as milestones) - will be published prior to the pre-ICO. Furthermore, a smart contract that only allows pre-ICO funds to be drawn from a 3-4 multisig wallet in line with the defined milestones will be implemented. A full analysis of this ground-breaking approach will be published as an article shortly.

Pre-ICO and Bounties details

The ACT donation campaign has three phases:

Pre-ICO: 2pm CET 18th July 2017-1st August 2017

Pre-release access: Close of pre-ICO - 18th November 2017.

ICO: 18th November 2017-18th January 2018.

Pre-ICO bonuses:

Platinum - 10x for first $ 250k

Gold - 5x for next $ 250k

Silver - 2.5x after $ 500k

Example: Donors "Sean" donates $ 100,000 on the first day of the pre-ICO (phase 1). Sean's allocation of ACT Token at the ICO is therefore 10x his donation i.e. $ 1,000,000 worth of ACT Token.

Pre-ICO conditions

Please note: Platinum and Gold bonuses reduce by half (to 5x and 2.5x respectively) after the half way point of the pre-ICO (25th July at 17:00 CEST)

Pre-ICO limits

Pre-ICO soft cap- to be decided after WINGS.ai price forecast event

ICO cap - to be Decided after WINGS.ai price forecast event (before the pre-ICO) and Announced prior to the commencement of fundraising.

Individual donation cap for the pre-ICO - $ 150,000.

Act token price = Total amount fundraised / 80 billion tokens

For complete details about our pre-ICO event please see this Medium post

Distribution of Rewards

Signature campaign - 10% (20,000,000 ACT)

Slack / Telegram / Newsletter - 5% (10,000,000 ACT)

Blog posts, articles and videos campaign - 30% (60,000,000 ACT)

Translations - 5% (2500000 ACT)

Social networks - 15% (30,000,000 ACT)

Miscellaneous - 30% (60,000,000 ACT)

More details of our bounty campaign will be announced shortly. Signature campaigns will commence on July 1st, and run for one month.

https://www.daoact.org/whitepaper/

What are you trying to achieve?

ACT is a decentralized autonomous organization (DAO) that supports the "enabling elements" of citizen engagement - conditions that affect the ability of state and citizens to engage in social responsibility of citizens to associate, their ability to mobilize financial Resources and services, the ability to formulate, articulate and convey opinion, their access to information, and, the Existence of spaces and rules of engagement for negotiation and public debate.

What is the societal problem being addressed?

ACT seeks to boost the enabling elements described above and related conditions in support of citizen action. The societal problem being addressed is social accountability, which is the extent and capability of citizens to hold the state accountable and make it responsive to their needs. ACT's objective is to address the imbalance of power between state action and citizen action. Citizen engagement can be defined as the interplay of five constitutive elements: state action, citizen action, information, citizen-state interface, civic mobilization.

It is helpful to consider some hypothetical examples of the interplay at work:

Example 1: The rights of Maria Dzuba's disabled daughter

The ACT white paper, website and explainer video all use the hypothetical example of Maria Dzuba from Minsk, Belarus to help explain the what and why of ACT. In summary, Maria's 8 year old daughter Lera is disabled and local government refused to repair the elevator in her building for budget reasons. Belarusian law allows for a petition to be raised to create a "public letter" which can be considered. Maria asks the ACT community for $ 200 to fund her campaign.

Example 2: A journalist detained and in need of legal support

Sometimes when civic mobilization happens within a hostile political system, the independent media that seeks to cover the story can get into hot water. For example, a cameraman could have his / her equipment confiscated and he / she could be detained by the police. In this instance, the person urgently needs the best legal support. ACT could support such an intervention, and even fund replacement equipment!

Example 3: Communities fighting coal mining expansion in the United Kingdom

Local communities around the world are fighting open cast coal mining that is harmful to their health and the wellbeing of their children. In some places such as Wales in the UK, expansion plans threaten to drive other existing and new employers from the area who do not want to be located where such health concerns exist. Such local action inevitably ends up weighing heavily financially on communities that initiate them. Consequently, they can ill afford to maintain them let them expand them in line with the potential for real impact and change.

These case studies are elaborated upon within the white paper

How is success measured?

ACT's theory of change is described as follows: