Is this a legit project ?
and who are the current competitors for this project
and who are the current competitors for this project
I am one of the team members, so you shouldn't only take my word for it when I answer that the project is legit.
I can point you some things we are doing to avoid any doubts you have:
- Be welcome to check our social media profiles and ask us anything, we take community opinions very seriously and we don't want to hide anything about our background.
- Before the main ICO, we will release a demo version of our platform in the Ethereum testnet so you can simulate managing your own pension fund using smart contracts. You can track development progress in our github.
- As described in the whitepaper, the funds raised in the ICO will be locked. At the end of the ICO, if it is successful, we will be able to transfer a maximum of 20% of the funds raised, and the rest will be released monthly to cover our expenses. If the ICO is not successful, you will be able to recover your contribution.
- 20% of the total supply of the AUC token will belong to the founding team for a long term alignment of interests, and our AUC tokens will also be locked by smart contracts with two years of vesting with six months cliff.
- The above-mentioned rules about the vesting of our tokens and locking of ETH raised will be coded into the Token Sale smart contract, which we will publish prior to the ICO so it can be audited by anyone. We plan on hiring someone to audit it as disclose the results.
We still haven't found any other initiative to use Ethereum platform and smart contracts to reinvent the pension market. There are probably some other initiatives to take advantage of the blockchain technology to improve pension fund management, as pointed here, but we haven't seen a project that had already started the development as we have.
