[ANN][ACX] 🗺️🌍🌐 Access Network - Decentralizing Financial Inclusion 🌐🌍🗺️ - page 19.

constructive_criticism

newbie

Activity: 266

Merit: 0

Quote from: Xallid on March 20, 2018, 07:31:14 AM

Quote from: descuri on March 20, 2018, 05:14:32 AM

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

Quote from: aalmina82 on March 20, 2018, 05:30:28 AM

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Doesn't that open up possibilities for vote manipulation if one of the methods to be allowed to vote is how many tokens you have? Or did I get that wrong?

bibliobusz

newbie

Activity: 224

Merit: 0

Quote from: Xallid on March 20, 2018, 07:33:51 AM

Quote from: Vindizzle on March 20, 2018, 06:03:23 AM

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?

Quote from: Lognak on March 20, 2018, 06:29:34 AM

But if loan sharks are offering loans, how can you actually prevent this? KYC will make sure you know that it's secure but other than that I don't think that the app can prevent such situations.

We believe in a free market where bad players will be taken out by benevolent players. In this case, we could potentially allow loan sharks but since users have access to a large selections of lenders who compete on interest rate and terms, loan sharks will not be an attractive option to customers who could find much lower rates and thus will flush them out of the market.

Quote from: PuryLock on March 20, 2018, 06:18:21 AM

Whats the percentage of total supply that will be sold in private sale?

21% of all tokens

that is a good approach to have a good competition so customers will decide for themselves.

Xallid

newbie

Activity: 98

Merit: 0

Quote from: Vindizzle on March 20, 2018, 06:03:23 AM

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?

Quote from: Lognak on March 20, 2018, 06:29:34 AM

But if loan sharks are offering loans, how can you actually prevent this? KYC will make sure you know that it's secure but other than that I don't think that the app can prevent such situations.

We believe in a free market where bad players will be taken out by benevolent players. In this case, we could potentially allow loan sharks but since users have access to a large selections of lenders who compete on interest rate and terms, loan sharks will not be an attractive option to customers who could find much lower rates and thus will flush them out of the market.

Quote from: PuryLock on March 20, 2018, 06:18:21 AM

Whats the percentage of total supply that will be sold in private sale?

21% of all tokens

Xallid

newbie

Activity: 98

Merit: 0

Quote from: descuri on March 20, 2018, 05:14:32 AM

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

Quote from: aalmina82 on March 20, 2018, 05:30:28 AM

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

oxhodler

newbie

Activity: 56

Merit: 0

Quote from: Lognak on March 19, 2018, 03:16:57 PM

Quote from: oxhodler on March 19, 2018, 02:52:33 PM

Quote from: Calvireish on March 19, 2018, 12:05:23 PM

Who will set the interest on the amount that agent lend, will it be done automatically, same interest for everyone?

Atlas is charging 5% per month right now (compared to 8% for other providers in Ghana) but with the Access loan dapp, we will be able to connect investors and borrowers which will set their own terms.

so you will be able to select based on the interest and overall offer?

Correct! It will become fully P2P.

Quote from: killer9966 on March 19, 2018, 05:40:14 PM

But why would the network need agents for that?

Because crypto adoption is nearly impossible right now in Africa. There are very little exchanges and ways to go from fiat to crypto. You need people on the ground to bypass the lack of infrastructure.

Lognak

newbie

Activity: 238

Merit: 0

Quote from: Vindizzle on March 20, 2018, 06:03:23 AM

Quote from: Ajutokintumi on March 20, 2018, 05:08:51 AM

Quote from: oxhodler on March 19, 2018, 02:52:33 PM

Quote from: Calvireish on March 19, 2018, 12:05:23 PM

Who will set the interest on the amount that agent lend, will it be done automatically, same interest for everyone?

Atlas is charging 5% per month right now (compared to 8% for other providers in Ghana) but with the Access loan dapp, we will be able to connect investors and borrowers which will set their own terms.

5% is really affordable,and ok amount,that should deff help ACX to spread fast.

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?

But if loan sharks are offering loans, how can you actually prevent this? KYC will make sure you know that it's secure but other than that I don't think that the app can prevent such situations.

PuryLock

jr. member

Activity: 350

Merit: 3

Whats the percentage of total supply that will be sold in private sale?

Vindizzle

member

Activity: 364

Merit: 10

Quote from: Ajutokintumi on March 20, 2018, 05:08:51 AM

Quote from: oxhodler on March 19, 2018, 02:52:33 PM

Quote from: Calvireish on March 19, 2018, 12:05:23 PM

Who will set the interest on the amount that agent lend, will it be done automatically, same interest for everyone?

Atlas is charging 5% per month right now (compared to 8% for other providers in Ghana) but with the Access loan dapp, we will be able to connect investors and borrowers which will set their own terms.

5% is really affordable,and ok amount,that should deff help ACX to spread fast.

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?

aalmina82

member

Activity: 294

Merit: 10

Quote from: Tyrant76 on March 19, 2018, 12:44:13 PM

Quote from: DiggerMan on March 18, 2018, 06:02:08 PM

Quote from: PuryLock on March 17, 2018, 04:47:05 AM

Are there any plans for developing your own wallet,and if yes,when do you expect it to be available?

I think they gone use myetherwallet

Yeah seems like the most lohical choise,the best wallet on the internet

what I see and read, every new coin for start use that... Cool

aalmina82

member

Activity: 294

Merit: 10

Quote from: oxhodler on March 19, 2018, 09:08:12 AM

Quote from: djuro74556 on March 18, 2018, 05:45:00 PM

Quote from: Xallid on March 18, 2018, 04:01:31 PM

Quote from: nnekic86 on March 17, 2018, 04:00:30 PM

is there some bounty or airdrop?

Of course! We're giving away about 5% of all tokens through the Bounty and Airdrop for a total value of $2m! Check out the posts here:

Bounty: https://bitcointalksearch.org/topic/2m-bountyacxaccess-network-decentralizing-financial-inclusion-3036223
Airdrop: https://bitcointalksearch.org/topic/airdrop-15m-access-network-co-author-financial-empowerment-with-us-3087987

Quote from: Samson_bbl on March 17, 2018, 04:00:36 PM

Sir,

How is becoming I the agent of ACX?

What doing I must to enroll?

You can submit your info on this link and the team will be in contact with you shortly: https://[Suspicious link removed]/forms/cfV4Ick4uJwrHMw62

What are the main duties of an agent?

Agents act as fiat to crypto exchanges, allowing African users to deposit fiat in exchange for ACX. They can also act as vote proxies, where users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

descuri

newbie

Activity: 266

Merit: 0

Quote from: oxhodler on March 19, 2018, 09:08:12 AM

Quote from: djuro74556 on March 18, 2018, 05:45:00 PM

Quote from: Xallid on March 18, 2018, 04:01:31 PM

Quote from: nnekic86 on March 17, 2018, 04:00:30 PM

is there some bounty or airdrop?

Of course! We're giving away about 5% of all tokens through the Bounty and Airdrop for a total value of $2m! Check out the posts here:

Bounty: https://bitcointalksearch.org/topic/2m-bountyacxaccess-network-decentralizing-financial-inclusion-3036223
Airdrop: https://bitcointalksearch.org/topic/airdrop-15m-access-network-co-author-financial-empowerment-with-us-3087987

Quote from: Samson_bbl on March 17, 2018, 04:00:36 PM

Sir,

How is becoming I the agent of ACX?

What doing I must to enroll?

You can submit your info on this link and the team will be in contact with you shortly: https://[Suspicious link removed]/forms/cfV4Ick4uJwrHMw62

What are the main duties of an agent?

Agents act as fiat to crypto exchanges, allowing African users to deposit fiat in exchange for ACX. They can also act as vote proxies, where users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

Ajutokintumi

member

Activity: 322

Merit: 10

Quote from: oxhodler on March 19, 2018, 02:52:33 PM

Quote from: Calvireish on March 19, 2018, 12:05:23 PM

Who will set the interest on the amount that agent lend, will it be done automatically, same interest for everyone?

Atlas is charging 5% per month right now (compared to 8% for other providers in Ghana) but with the Access loan dapp, we will be able to connect investors and borrowers which will set their own terms.

5% is really affordable,and ok amount,that should deff help ACX to spread fast.

primbool

newbie

Activity: 185

Merit: 0

Quote from: djuro74556 on March 19, 2018, 05:49:55 PM

Quote from: oxhodler on March 19, 2018, 09:08:12 AM

Quote from: djuro74556 on March 18, 2018, 05:45:00 PM

Quote from: Xallid on March 18, 2018, 04:01:31 PM

Quote from: nnekic86 on March 17, 2018, 04:00:30 PM

is there some bounty or airdrop?

Of course! We're giving away about 5% of all tokens through the Bounty and Airdrop for a total value of $2m! Check out the posts here:

Bounty: https://bitcointalksearch.org/topic/2m-bountyacxaccess-network-decentralizing-financial-inclusion-3036223
Airdrop: https://bitcointalksearch.org/topic/airdrop-15m-access-network-co-author-financial-empowerment-with-us-3087987

Quote from: Samson_bbl on March 17, 2018, 04:00:36 PM

Sir,

How is becoming I the agent of ACX?

What doing I must to enroll?

You can submit your info on this link and the team will be in contact with you shortly: https://[Suspicious link removed]/forms/cfV4Ick4uJwrHMw62

What are the main duties of an agent?

Agents act as fiat to crypto exchanges, allowing African users to deposit fiat in exchange for ACX. They can also act as vote proxies, where users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.

So are agents fro people who don't have internet?

I am also wonder about this.

buraz

newbie

Activity: 168

Merit: 0

Website for Access is really nicely made actually. I like it.
You can see the project is serious!

djuro74556

newbie

Activity: 182

Merit: 0

Quote from: oxhodler on March 19, 2018, 09:08:12 AM

Quote from: djuro74556 on March 18, 2018, 05:45:00 PM

Quote from: Xallid on March 18, 2018, 04:01:31 PM

Quote from: nnekic86 on March 17, 2018, 04:00:30 PM

is there some bounty or airdrop?

Of course! We're giving away about 5% of all tokens through the Bounty and Airdrop for a total value of $2m! Check out the posts here:

Bounty: https://bitcointalksearch.org/topic/2m-bountyacxaccess-network-decentralizing-financial-inclusion-3036223
Airdrop: https://bitcointalksearch.org/topic/airdrop-15m-access-network-co-author-financial-empowerment-with-us-3087987

Quote from: Samson_bbl on March 17, 2018, 04:00:36 PM

Sir,

How is becoming I the agent of ACX?

What doing I must to enroll?

You can submit your info on this link and the team will be in contact with you shortly: https://[Suspicious link removed]/forms/cfV4Ick4uJwrHMw62

What are the main duties of an agent?

Agents act as fiat to crypto exchanges, allowing African users to deposit fiat in exchange for ACX. They can also act as vote proxies, where users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.

So are agents fro people who don't have internet?

killer9966

newbie

Activity: 182

Merit: 0

Quote from: oxhodler on March 19, 2018, 09:08:12 AM

Quote from: djuro74556 on March 18, 2018, 05:45:00 PM

Quote from: Xallid on March 18, 2018, 04:01:31 PM

Quote from: nnekic86 on March 17, 2018, 04:00:30 PM

is there some bounty or airdrop?

Of course! We're giving away about 5% of all tokens through the Bounty and Airdrop for a total value of $2m! Check out the posts here:

Bounty: https://bitcointalksearch.org/topic/2m-bountyacxaccess-network-decentralizing-financial-inclusion-3036223
Airdrop: https://bitcointalksearch.org/topic/airdrop-15m-access-network-co-author-financial-empowerment-with-us-3087987

Quote from: Samson_bbl on March 17, 2018, 04:00:36 PM

Sir,

How is becoming I the agent of ACX?

What doing I must to enroll?

You can submit your info on this link and the team will be in contact with you shortly: https://[Suspicious link removed]/forms/cfV4Ick4uJwrHMw62

What are the main duties of an agent?

Agents act as fiat to crypto exchanges, allowing African users to deposit fiat in exchange for ACX. They can also act as vote proxies, where users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.

But why would the network need agents for that?

sexymadafaka

newbie

Activity: 182

Merit: 0

Quote from: ?? on ??

Very nice, great project, awesome

MORE POWER!

0x03fAab1522D49FB62B81C517E09d73250107A68a

Be sure to join bounty when available!

james7854

newbie

Activity: 210

Merit: 0

Quote from: SoonAmoon on March 19, 2018, 03:07:25 PM

Can someone explain what on-chain and off-chain means?

It means technology with or without use of blockchain.

Lognak

newbie

Activity: 238

Merit: 0

Quote from: oxhodler on March 19, 2018, 02:52:33 PM

Quote from: Calvireish on March 19, 2018, 12:05:23 PM

Who will set the interest on the amount that agent lend, will it be done automatically, same interest for everyone?

Atlas is charging 5% per month right now (compared to 8% for other providers in Ghana) but with the Access loan dapp, we will be able to connect investors and borrowers which will set their own terms.

so you will be able to select based on the interest and overall offer?

SoonAmoon

newbie

Activity: 224

Merit: 0

Can someone explain what on-chain and off-chain means?

Topic: [ANN][ACX] 🗺️🌍🌐 Access Network - Decentralizing Financial Inclusion 🌐🌍🗺️ - page 19. (Read 2192 times)