ACT – The New Token Addressing Improvement of Social Accountability

Blockchain world is believed to be a better world for people because it gives power for people to value the currency and do not tighten up by central bank decision. Things would be more transparent and global community would be stronger with cryptocurrency. Inspired by it, a team of Trinity College alumni of Dublin’s International MBA Program, created a new token that addressing improvement of social accountability. Social accountability is the extent and capability of citizens to hold state accountable and make the accountable more responsive to citizens needs. With improvement of social accountability, the imbalance power between state actions and citizen’s action would be reduced. As citizens get more power, their welfare would be improved.

Such amazing goal makes us see cryptocurrency and blockchain in different way. We not only see blockchain as monetary innovation that will change how global economy will work, but we will see it as a way to change the world and make it a better place for people. ACT will be able to improve social accountability as it has an impact model where citizen’s action will have more power against state action through civic mobilization and information. The ACT theory of change comprises 4 stages, which are:

“Input”. This stage would be ACT ’s mobilization of citizen supports that will focus on creating sustainable development.
“Activities”. This would be the stage to promote citizen engagement and improve social accountability in global setting.
“Output”. The output from the completed activities would be civic mobilization and information.
“I mpact”. As the result, it will support new mechanism that will empower citizen to act more so state-citizen interface would be improved.

To make their dream come true, ACT would be work on WINGS, which is a Switzerland foundation that develop DAO technology. It is decentralized autonomous governance, which will value and filter people’s project before it move to crowd funding. For the smart contract, it is Draglet develop it for ACT . Draglet is German company based on Munich. They already created a prototype in January 2017 that was built on Ethereum testnet. The result of the test is encouraging and they continue the plan with pre-ICO that started on 18 July 2017 and will end in 1 August 2017. As pre-ICO close, they will continue with pre-release access until 18 November 2017. The ICO itself will be held at 18 November 2017 until 18 January 2018. The ICO will supply a total 10 billion tokens that all of ACT tokens will only issue and distribute during crowd-sale.

add wallet :
Website : https://www.daoact.org/
Twitter : https://twitter.com/daoact_org
Faceook : https://www.facebook.com/daoact/
Slack : https://join.slack.com/actcommunity/shared_invite/MjAwMzIxNjYyMjk0LTE0OTc3OTA1MDQtYWMxYzUwMmM3Mg
Whitepaper : https://www.daoact.org/whitepaper/