Topic: [ANN] ACT- Citizens First🔥Supporting Social Justice and Social Accountability🔥 - page 17. (Read 15585 times)

dev when open social media bounty?

Are ACT team members here?

＠daoact？

Hi LewiesMan, Thank you so much for spending time reviewing the project. Please dig into the white paper and contact us if you want a deeper dive. The ACT Token is critical in this true DAO. Like with Steemit it is the unit of account for another vesting token ACTION, which curators must convert to in order to secure curation rewards. That discourages speculation, and ensures curation that is the longterm interest of the platform. Because ACT help govern how curation rewards are distributed, and 15% of platform revenues are used to reward curators, as the platform grows in scale so the amount available for curation rewards increases. Its a big topic, and we prefer to use white paper as the reference point. Happy to continue this discussion!

I don't get it. Another OK project, but why exactly do you need the tokens? Can't you just do this as a startup and use already circulating coins as medium or whatever?

Anyway, good luck.

steinkopf. You might be interested to compare the models of Avaaz and Change.org. One is non profit and the other for profit. For us, sustainability of ACT is all-important. We feel that it should not be an organisation looking for handouts (and paying a large team to find them!). Would love to discuss this more with you, and thank you for making such an insightful point. It might also be interesting for you to review the white paper where you will see the discussion around the price of votes. The initial price we are considering is 10 cents, which most can afford. ACT will achieve scale through aggregate support of the many.

The project has been financed in full by the Founders to date. Shortly, it will release the quotation from Draglet for building the three main components of the DAO, with milestones. This will come in around €150,000 and will be made public. The donation campaign agreement will note that the project can raise additional funds if the pre-ICO does not raise enough, and a provision will exist to refund participants. Of course, there is also the option for the Founders to continue to fund it. The reason for not setting a hard cap in a smart contract that could trigger a repayment if, for example, it fell $1 short, is that at this stage of funding there are so many routes to getting to the ICO. We intend for this to be an open dialogue, and the decision will rest with the question of viability.

I'm just wondering, if to create something by ppls for ppl, especially when you use pics like that on the top...to do good things, why not to do it free to use, why to buy votes? I think something is missing to make a project wanted and needed, it could be a project that could really help ppl, but now it looks anyways..more commercial rather than social/charity...maybe my impression was wrong

Reserve for Indonesian Translation

my Previous translation :
BitRUSH      https://bitcointalksearch.org/topic/re-ann-bitrush-bsh-yobit-basis-kode-baru-dalam-pengerjaan-1953416
GeyserCoin   https://bitcointalksearch.org/topic/re-anngsr-geysercoin-tampilan-baru-dari-pow-pos-sistem-hadiah-1949517
Marycoin      https://bitcointalksearch.org/topic/re-ann-mc-marycoin-bitcoin-yang-murah-1952381
Hubcoin      https://bitcointalksearch.org/topic/re-annhub-hubcoin-premi-akan-di-bagikan-kepada-para-pengembang-1952982
IOU1      https://bitcointalksearch.org/topic/re-anniou-iou1-token-kepercayaan-airdropsosial-media-dan-penerjemah-1931993
KONGcoin      https://bitcointalksearch.org/topic/kongcoin-bounty-twitter-facebook-dan-vote-di-tradesatoshi-1916669
BurstOcean   https://bitcointalksearch.org/topic/re-ocean-burstocean-6-bulan-aset-keuntungan-yg-mengalir-1917613
KingN Coin   https://bitcointalksearch.org/topic/re-ann-koin-kingn-langka-adil-unik-powpos-giveaway-knc-1955766
Anryze        https://bitcointalksearch.org/topic/re-anntokensale-anryze-platform-destribusi-pengenalan-suara-1971542
Denarius       https://bitcointalksearch.org/topic/re-ann-denarius-dnr-baru-tribus-pow-algo-uang-kuno-untuk-dunia-baru-1967316
Octanox      https://bitcointalksearch.org/topic/re-ann-otx-octanox-ico-infrastruktur-ekonomi-virtual-live16-btc-1958507

etc

Is there a minimum amount that will need to be invested in total so that this project will be not be able to launch without?

Reserving Italian translation and thread management if required.

Also Telegram community build up and Twitter promotion if planned in the bounty.

Reserving Hindi translation.

My earlier translation work:
https://bitcointalksearch.org/topic/ann-1926406
https://bitcointalksearch.org/topic/ico-1958804
https://bitcointalksearch.org/topic/annico-23-1966953

Russian translation reserved

My previous jobs:

AICOIN https://bitcointalksearch.org/topic/ann-aicoin-ico-1982197

Encrypx https://bitcointalksearch.org/topic/encrypx-1974861
https://bitcointalksearch.org/topic/annpre-icoencrypx-1963953

Dentacoin Whitepaper http://dentacoin.com/white-paper/Whitepaper-ru%20v.0.8.pdf
Dentacoin Articles:

- https://steemit.com/blockchain/@dentacoin/1-iyulya-2017-goda-dentacoin-publichno-zayavlyaet-o-sebe-s-pomoshyu-eksklyuzivnoi-predprodazhi

- https://steemit.com/money/@dentacoin/prigotovtes-k-predprodazhe-monety-dentacoin-sleduite-prostomu-kontrolnomu-spisku

- https://steemit.com/russian/@dentacoin/predprodazhnyi-perechen-dentacoin-svoi-interes-vykazali-svyshe-2000-chelovek

- https://steemit.com/money/@dentacoin/dentacoin-na-18-m-meste-v-reitinge-osnovnykh-mirovykh-valyut-v-techenie-sleduyushego-desyatiletiya

- https://steemit.com/money/@dentacoin/8-prichin-pochemu-dentacoin-mozhet-stat-vsemirnoi-valyutoi

Espers https://bitcointalksearch.org/topic/m.19800279

BetKing https://bitcointalk.org/index.php?topic=1990459.new#new

Reserve

Update: please note that we will publish full details of the bounty campaign in a few days. Thank you for your patience in the meantime.

ACT (www.daoact.org) 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.

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: Donator “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.


What are you trying to achieve?

ACT is a decentralised autonomous organisation (DAO) that supports the “enabling elements” of citizen engagement  - conditions that affect the ability of state and citizens to engage in systems of social accountability – including the freedom of citizens to associate, their ability to mobilize financial resources to fulfil the objectives of their coordinated actions and/or organizations, their ability to formulate, articulate and convey opinion, their access to information (necessary for their ability to exercise voice, engage in negotiation and gain access to resources), 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 associated 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 occurs 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 alone 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:









1. The ACT donation campaign — pre-ICO details
2. The ACT pre-ICO — Crunching the numbers
3. Frequently Asked Question (FAQs) relating to our bounty questionnaire
4. Support Worldwide Social Accountability with this Upcoming ICO

In this first bitcointalk post (hosted by @irfan_pak10 *Please send all the pm to daoact), we wanted to put forward practical questions and answers to help you understand what ACT is about, and its potential. We look forward to tackling any and all questions - technical or otherwise - that arise. But first, we will outline the basics of our donation campaigns, team, and other relevant details.
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