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Re: Auditchain - Real Time Assurance and Disclosure for Digital Assets
Read all about our Proof of HODL Airdrop and how you can receive up to an additional $11,000,000 in AUDT Tokens!! https://auditchain.com/proof-of-hodl-airdrop/
Auditchain - Decentralized Continuous Audit & Protocol EcosystemTM
Disclaimer
Investing in cryptocurrency is one the most dangerous things you can do financially. Please do not invest if you have either 1) a need for liquidity (cash on hand) or 2) cannot afford to lose your complete investment.
The Auditchain project is a complex and comprehensive project within the financial auditing industry which is not easily understood by outsiders. Below follows a very simplified and ELI5 (explain like I am 5) explanation. Many questions are answered in the whitepaper, so please read it carefully and multiple times!
Current Status of Traditional Assurance
An audit is, simply speaking, an opinion based on inspection of the operational and financial state of a company. Audits are needed to express to shareholders or people with an interest in the company, that financially speaking, the company is telling the truth in all material respects. This means that the information that the auditor expresses an opinion on presents fairly in all material respects, the financial and operating condition of the enterprise. That statement, as stated in every annual report carries a high degree of subjectivity and is conditional upon a lot of other things, such as the managements ability to maintain control over disclosure controls. Auditors are tasked with expressing a set of opinions, not facts. However, there are three critical flaws to this system:
1) the Auditor is giving an opinion, which is subject to bias and can be influenced by the company.
2) the evidence that is provided to the Auditor comes from the company itself, usually once a quarter an on an annual basis. This gives the company enough time to alter the evidence in their favor.
3) IT IS NOT THE AUDITORS JOB TO SPECIFICALLY DETECT FRAUD. That is a different kind of an audit.
Why is this important?
The most obvious reason is to maintain integrity. In 2018 alone, fraud resulted in the theft of over $7 Billion according to the ACFE. You can read the most recent Report to the Nations. Read the report. https://s3-us-west-2.amazonaws.com/acfepublic/2018-report-to-the-nations.pdf However, there is another important reason to change this process. As the world has become more connected and services are available 24/7, the financial state of companies should also be available 24/7 for investors and shareholders. Investors, hedge funds, VCs and fund managers should be able to check the status of their investment in a company or entity at any time, whether the company raised their funds through ICO, IEO or in traditional ways. DIGITAL ASSETS NEED REAL TIME ASSURANCE AND DISCLOSURE! ITS UP TO EXCHANGES TO REQUIRE IT!
The Solution - Auditchain
The DCARPE Assurance and Disclosure Platform will enable continuous enterprise state machine and real time financial performance external validation by a network of CPAs and Chartered Accountants for issuers of digital assets. The DCARPE Explorer will render real time financial statement data as well as audit analytics in REAL TIME. The DCARPE Explorer will also offer public subscriptions to deeper financial detail and audit analytics as well as the ability to access tools to build dynamically updating thesis-based reports that ultimately have the potential to mechanize the foresight of oncoming risk.
This solves the two flaws in the current auditing system:
1) The auditors running the nodes are not connected to the company. They are truly independent.
2) The company must adapt their systems to provide cryptographically verifiable data in real time, which removes the time lapse and attack vectors from data delivery to the external validating nodes.
Please review our whitepaper for a full overview of the ecosystem Auditchain is building.
Staking Incentives and Rewards
All external validators and service providers such as software providers are required to purchase and stake AUDT. Enterprises stake AUDT to pay for services and assurance. Software providers that provide accounting and human resource software must stake AUDT. They get paid AUDT for providing the software to enterprise users. Auditors must also stake AUDT. They also get paid AUDT for providing attestations on each data block. They also get charged for not providing assurance when it is appropriate. This promotes and enforces a healthy gamified environment.
Auditchain is secured through Proof of Stake (PoS) consensus mechanism. 85% of the rewards are distributed to the external validators and 15% is distributed to Auditchain and DCARPE Alliance, its affiliate for development of the network and education.
Please refer to the whitepaper for more technical details regarding Network and Consensus Governance
DCARPE Alliance
The DCARPE Alliance is a global coalition of members of the accounting, audit, financial reporting, legal, blockchain, investment and regulatory community, (the Alliance). The purpose of the Alliance is to provide education, drive technology innovation and open source engineering, and promote the adoption of continuous audit and real time financial reporting using the DCARPE Assurance and Disclosure Protocol.
Auditchain is the founding member of the Alliance and is leading the development of DCAPRE with other members of the Alliance in the technical category. The DCARPE Assurance and Disclosure Protocol is the worlds first decentralized continuous audit and financial reporting protocol ecosystem for digital asset assurance and disclosure.
The Alliance is segmented in four categories;
Financial Reporting & Assurance CPAs, Chartered Accountants Individual and Corporate Experts in Active Practice
Technical Developers and Third-Party Software Providers
Legal and Regulatory - Law Firms, Regulators, Academics
Gatekeepers Digital Asset Exchanges, Securitization and Tokenization Platforms
Members in the assurance and financial reporting category of the Alliance will act as service providers in the DCARPE ecosystem. The Alliance members include Certified Public Accountants and Chartered Accountants who are system and organizational control auditors as well as financial statement auditors. They will operate external validating (audit) nodes on the network. This is the Assurance and Reporting category.
Members in the technical category of the Alliance are developers, enterprise software, technology and systems integration will act as service providers by adapting and integrating instances of their software into DCARPE for consumption and utilization by enterprises. This is the technical membership category.
Members from the legal, regulatory and academic community provide thought leadership on the benefits of continuous assurance and real time financial disclosure as well as how it can shape the evolution of existing legislature. This category represents the thought leadership category.
Members who provide digital asset origination, distribution, listing and trading services are the gatekeepers. They are tokenization and securitization platforms as well as digital asset exchanges.
There are currently 50 members of the DCARPE Alliance. The contributing members are companies who are global leaders in providing financial reporting software products and related services, XBRL software, accounting software APIs, Blockchain, artificial intelligence and machine learning software and consulting services.
The remaining members are CPAs, Chartered Accountants and academic thought leaders in accounting, audit and financial reporting.
Why Auditchian Adoption?
Digital Assets Need Real Time Transparency. Its Up to Exchanges to Require It. Unless digital asset exchanges begin to demonstrate improvements in listing standards, risk controls and transparency, regulatory compliance and mass adoption will be extremely difficult.
Traditional exchanges such as Deutsche Borse, NYSE, NASDAQ and SIX have strict listing standards that require all assets to submit to audit and review. Every traditional exchange also submits to audit and review. Failure to report financial results on time is cause for regulatory enforcement action and delisting.
We believe that digital asset exchanges have another chance to remain innovative and set an example for the global financial system by creating a new listing category reserved for digital asset listings and IEOs that agree to provide real time financial transparency subject to continuous external validation assurance by adopting DCARPE.
Auditchain is partnering with digital asset exchanges who will act as early adopters to integrate DCARPE via API into their digital asset exchange listing and launchpad platforms. Its a strategic move by digital asset exchanges to collaborate and demonstrate innovation and advancements in disclosure and transparency. It is also the key to avoid being shut down by governments and regulators for failing to protect investors and otherwise failing to promote and enforce, market integrity and full and fair disclosure.
Why Blockchain?
Blockchain in its essence is an accounting system. It is the best use case for a blockchain. It is a distributed ledger of records that are protected by cryptographic hashes, which cannot be changed once it is on the blockchain. This makes it perfectly suited for transparent, immutable financial records.
Competitors
Based on much research, we believe we have a first mover advantage. We also believe that based on much research, there are no other projects that are building a decentralized continuous audit and financial reporting protocol.
MVP
Here is demo video of the DCARPE Explorer; https://auditchain.com/dcarpe-explorer-front-end-demo-first-series/
Roadmap
Team
The team can be viewed on our website which contains the most current information. Please visit https://auditchain.com
Token Generation Event and Token Metrics
Auditchain will be conducting a token generation event, (TGE) of a total of 250,000,000 AUDT which will initially be launched on the Ethereum network through the deployment of an ERC20 smart contract.
A total of up to 100,000,000 AUDT will be sold to early adopters, 45,000,000 will be allocated for the Proof of HODL Airdrop, 25,833,333 will be allocated to the team, up to 25,833,333 will be allocated to advisers, up to 25,833,333 will be allocated in connection with partnerships, 15,000,000 will be allocated to early adopters and up to 12,500,000 will be allocated in connection with our bounty campaign.
AUDT will used by subscribers to consume granulated levels of financial detail and audit analytics published by enterprise adopters of the DCARPE Assurance and Disclosure Protocol through the DCARPE Explorer.
In addition to the initial AUDT token supply and subject to block times, consensus proposals and improvements, approximately 12,500,000 additional AUDT tokens will be rewarded to all Federated and Non-Federated nodes per year which amounts to approximately 237 AUDT tokens per block depending on block times.
Initial Exchange Offering
The first phase will begin on ExMarkets on June 14, 2019. This thread will be updated with additional exchange IEO listings. See the official announcement here. https://medium.com/@Auditchain/auditchain-and-exmarkets-partner-to-integrate-dcarpe-assurance-and-disclosure-protocol-for-digital-993558b05235
Auditchain will be entering into partnerships with other exchanges to conduct initial exchange offerings, (IEO). We will conduct a total of three phases of our IEO.
We are only choosing exchanges who agree join the DCARPE Alliance and partner with us by integrating the DCARPE Assurance and Disclosure Protocol into the exchange, create a separate listing category for digital assets that provide externally validated financial disclosure using the DCARPE Assurance and Disclosure Protocol.
IEO Terms
ONLY 1,000,000 AUDT WILL BE SOLD IN THIS PHASE!
Price: $0.20 USD
Tokens for sale: 1,000,000
Blockchain: Ethereum: (ERC20)
Currency pairs: BTC, ETH, USDC, EUR
Mandatory KYC
Restricted countries: United States of America, Afghanistan, Cuba, Iran, Iraq, Libya, N. Korea, Syria, Myanmar, China, Haiti, Liberia, Rwanda, Somalia, Sudan, or the Democratic Republic of the Congo
Proof of HODL Airdrop
Auditchain intends to make four (4) airdrops to early adopters of up to a total of 45,000,000 AUDT following the last phase of its IEO. The Airdrop will occur pursuant to the following eligibility conditions; (i) Wallet addresses must contain a balance of AUDT Tokens at the time of the snapshot, (ii) the balance of AUDT Tokens contained in each wallet address must be identical in state to the snapshot for each of the consecutive blocks following the snapshot with one exception; AUDT Token balances may be increased between the snapshot and the Airdrop but never decreased. In order to meet eligibility requirements, no AUDT may be moved out or transferred from a wallet address at any time between each snapshot and each Airdrop.
Airdrop Distribution Schedule
Each Airdrop will be distributed to eligible wallets which will receive an allocation of AUDT proportionate to their stake in the total amount of AUDT held by eligible wallets. This will be calculated using the following formula:
Airdrop Amount X Number of AUDT Held/Total Number of Eligible AUDT Held=Airdrop Allocation
Community Links:
Website https://auditchain.com/
Twitter https://twitter.com/Auditchain
Telegram https://t.me/Auditchain_Community
LinkedIn https://www.linkedin.com/company/auditchain
Facebook https://www.facebook.com/Auditchain
Reddit https://www.reddit.com/r/Auditchain
Youtube https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw
Medium https://medium.com/@Auditchain
Media Coverage
Auditchian Partners with Rymedi - NASDAQ - https://www.nasdaq.com/press-release/auditchain-partners-with-rymedi-to-launch-dcarpe-assurance-and-disclosure-platform--20190418-00886
Auditchain Partners with Monax Yahoo Finance - https://finance.yahoo.com/news/auditchain-partners-monax-integrate-dynamic-135000163.html
Pepper Hamilton LLP Joins DCARPE Alliance Pepper Hamilton - https://www.pepperlaw.com/news/pepper-hamilton-joins-dcarpe-alliance-2019-05-16/
Gilded Joins DCARPE Alliance Irish Tech Times - https://irishtechnews.ie/dcarpe-alliance-integrate-with-gilded-finance/
BANKEX Joins DCARPE Alliance, Partners with Auditchain - Medium - https://medium.com/@Auditchain/bankex-joins-dcarpe-alliance-57e18f374b1d
Shyft Network and Aeternity Join DCARPE Alliance, Partner with Auditchain Aeternity - https://forum.aeternity.com/t/aeternity-joins-dcarpe-alliance/3677
Bounties
Please visit our bounty thread here https://bitcointalk.org/index.php?topic=5151587.0
Disclaimer
Investing in cryptocurrency is one the most dangerous things you can do financially. Please do not invest if you have either 1) a need for liquidity (cash on hand) or 2) cannot afford to lose your complete investment.
The Auditchain project is a complex and comprehensive project within the financial auditing industry which is not easily understood by outsiders. Below follows a very simplified and ELI5 (explain like I am 5) explanation. Many questions are answered in the whitepaper, so please read it carefully and multiple times!
Current Status of Traditional Assurance
An audit is, simply speaking, an opinion based on inspection of the operational and financial state of a company. Audits are needed to express to shareholders or people with an interest in the company, that financially speaking, the company is telling the truth in all material respects. This means that the information that the auditor expresses an opinion on presents fairly in all material respects, the financial and operating condition of the enterprise. That statement, as stated in every annual report carries a high degree of subjectivity and is conditional upon a lot of other things, such as the managements ability to maintain control over disclosure controls. Auditors are tasked with expressing a set of opinions, not facts. However, there are three critical flaws to this system:
1) the Auditor is giving an opinion, which is subject to bias and can be influenced by the company.
2) the evidence that is provided to the Auditor comes from the company itself, usually once a quarter an on an annual basis. This gives the company enough time to alter the evidence in their favor.
3) IT IS NOT THE AUDITORS JOB TO SPECIFICALLY DETECT FRAUD. That is a different kind of an audit.
Why is this important?
The most obvious reason is to maintain integrity. In 2018 alone, fraud resulted in the theft of over $7 Billion according to the ACFE. You can read the most recent Report to the Nations. Read the report. https://s3-us-west-2.amazonaws.com/acfepublic/2018-report-to-the-nations.pdf However, there is another important reason to change this process. As the world has become more connected and services are available 24/7, the financial state of companies should also be available 24/7 for investors and shareholders. Investors, hedge funds, VCs and fund managers should be able to check the status of their investment in a company or entity at any time, whether the company raised their funds through ICO, IEO or in traditional ways. DIGITAL ASSETS NEED REAL TIME ASSURANCE AND DISCLOSURE! ITS UP TO EXCHANGES TO REQUIRE IT!
The Solution - Auditchain
The DCARPE Assurance and Disclosure Platform will enable continuous enterprise state machine and real time financial performance external validation by a network of CPAs and Chartered Accountants for issuers of digital assets. The DCARPE Explorer will render real time financial statement data as well as audit analytics in REAL TIME. The DCARPE Explorer will also offer public subscriptions to deeper financial detail and audit analytics as well as the ability to access tools to build dynamically updating thesis-based reports that ultimately have the potential to mechanize the foresight of oncoming risk.
This solves the two flaws in the current auditing system:
1) The auditors running the nodes are not connected to the company. They are truly independent.
2) The company must adapt their systems to provide cryptographically verifiable data in real time, which removes the time lapse and attack vectors from data delivery to the external validating nodes.
Please review our whitepaper for a full overview of the ecosystem Auditchain is building.
Staking Incentives and Rewards
All external validators and service providers such as software providers are required to purchase and stake AUDT. Enterprises stake AUDT to pay for services and assurance. Software providers that provide accounting and human resource software must stake AUDT. They get paid AUDT for providing the software to enterprise users. Auditors must also stake AUDT. They also get paid AUDT for providing attestations on each data block. They also get charged for not providing assurance when it is appropriate. This promotes and enforces a healthy gamified environment.
Auditchain is secured through Proof of Stake (PoS) consensus mechanism. 85% of the rewards are distributed to the external validators and 15% is distributed to Auditchain and DCARPE Alliance, its affiliate for development of the network and education.
Please refer to the whitepaper for more technical details regarding Network and Consensus Governance
DCARPE Alliance
The DCARPE Alliance is a global coalition of members of the accounting, audit, financial reporting, legal, blockchain, investment and regulatory community, (the Alliance). The purpose of the Alliance is to provide education, drive technology innovation and open source engineering, and promote the adoption of continuous audit and real time financial reporting using the DCARPE Assurance and Disclosure Protocol.
Auditchain is the founding member of the Alliance and is leading the development of DCAPRE with other members of the Alliance in the technical category. The DCARPE Assurance and Disclosure Protocol is the worlds first decentralized continuous audit and financial reporting protocol ecosystem for digital asset assurance and disclosure.
The Alliance is segmented in four categories;
Financial Reporting & Assurance CPAs, Chartered Accountants Individual and Corporate Experts in Active Practice
Technical Developers and Third-Party Software Providers
Legal and Regulatory - Law Firms, Regulators, Academics
Gatekeepers Digital Asset Exchanges, Securitization and Tokenization Platforms
Members in the assurance and financial reporting category of the Alliance will act as service providers in the DCARPE ecosystem. The Alliance members include Certified Public Accountants and Chartered Accountants who are system and organizational control auditors as well as financial statement auditors. They will operate external validating (audit) nodes on the network. This is the Assurance and Reporting category.
Members in the technical category of the Alliance are developers, enterprise software, technology and systems integration will act as service providers by adapting and integrating instances of their software into DCARPE for consumption and utilization by enterprises. This is the technical membership category.
Members from the legal, regulatory and academic community provide thought leadership on the benefits of continuous assurance and real time financial disclosure as well as how it can shape the evolution of existing legislature. This category represents the thought leadership category.
Members who provide digital asset origination, distribution, listing and trading services are the gatekeepers. They are tokenization and securitization platforms as well as digital asset exchanges.
There are currently 50 members of the DCARPE Alliance. The contributing members are companies who are global leaders in providing financial reporting software products and related services, XBRL software, accounting software APIs, Blockchain, artificial intelligence and machine learning software and consulting services.
The remaining members are CPAs, Chartered Accountants and academic thought leaders in accounting, audit and financial reporting.
Why Auditchian Adoption?
Digital Assets Need Real Time Transparency. Its Up to Exchanges to Require It. Unless digital asset exchanges begin to demonstrate improvements in listing standards, risk controls and transparency, regulatory compliance and mass adoption will be extremely difficult.
Traditional exchanges such as Deutsche Borse, NYSE, NASDAQ and SIX have strict listing standards that require all assets to submit to audit and review. Every traditional exchange also submits to audit and review. Failure to report financial results on time is cause for regulatory enforcement action and delisting.
We believe that digital asset exchanges have another chance to remain innovative and set an example for the global financial system by creating a new listing category reserved for digital asset listings and IEOs that agree to provide real time financial transparency subject to continuous external validation assurance by adopting DCARPE.
Auditchain is partnering with digital asset exchanges who will act as early adopters to integrate DCARPE via API into their digital asset exchange listing and launchpad platforms. Its a strategic move by digital asset exchanges to collaborate and demonstrate innovation and advancements in disclosure and transparency. It is also the key to avoid being shut down by governments and regulators for failing to protect investors and otherwise failing to promote and enforce, market integrity and full and fair disclosure.
Why Blockchain?
Blockchain in its essence is an accounting system. It is the best use case for a blockchain. It is a distributed ledger of records that are protected by cryptographic hashes, which cannot be changed once it is on the blockchain. This makes it perfectly suited for transparent, immutable financial records.
Competitors
Based on much research, we believe we have a first mover advantage. We also believe that based on much research, there are no other projects that are building a decentralized continuous audit and financial reporting protocol.
MVP
Here is demo video of the DCARPE Explorer; https://auditchain.com/dcarpe-explorer-front-end-demo-first-series/
Roadmap
Team
The team can be viewed on our website which contains the most current information. Please visit https://auditchain.com
Token Generation Event and Token Metrics
Auditchain will be conducting a token generation event, (TGE) of a total of 250,000,000 AUDT which will initially be launched on the Ethereum network through the deployment of an ERC20 smart contract.
A total of up to 100,000,000 AUDT will be sold to early adopters, 45,000,000 will be allocated for the Proof of HODL Airdrop, 25,833,333 will be allocated to the team, up to 25,833,333 will be allocated to advisers, up to 25,833,333 will be allocated in connection with partnerships, 15,000,000 will be allocated to early adopters and up to 12,500,000 will be allocated in connection with our bounty campaign.
AUDT will used by subscribers to consume granulated levels of financial detail and audit analytics published by enterprise adopters of the DCARPE Assurance and Disclosure Protocol through the DCARPE Explorer.
In addition to the initial AUDT token supply and subject to block times, consensus proposals and improvements, approximately 12,500,000 additional AUDT tokens will be rewarded to all Federated and Non-Federated nodes per year which amounts to approximately 237 AUDT tokens per block depending on block times.
Initial Exchange Offering
The first phase will begin on ExMarkets on June 14, 2019. This thread will be updated with additional exchange IEO listings. See the official announcement here. https://medium.com/@Auditchain/auditchain-and-exmarkets-partner-to-integrate-dcarpe-assurance-and-disclosure-protocol-for-digital-993558b05235
Auditchain will be entering into partnerships with other exchanges to conduct initial exchange offerings, (IEO). We will conduct a total of three phases of our IEO.
We are only choosing exchanges who agree join the DCARPE Alliance and partner with us by integrating the DCARPE Assurance and Disclosure Protocol into the exchange, create a separate listing category for digital assets that provide externally validated financial disclosure using the DCARPE Assurance and Disclosure Protocol.
IEO Terms
ONLY 1,000,000 AUDT WILL BE SOLD IN THIS PHASE!
Price: $0.20 USD
Tokens for sale: 1,000,000
Blockchain: Ethereum: (ERC20)
Currency pairs: BTC, ETH, USDC, EUR
Mandatory KYC
Restricted countries: United States of America, Afghanistan, Cuba, Iran, Iraq, Libya, N. Korea, Syria, Myanmar, China, Haiti, Liberia, Rwanda, Somalia, Sudan, or the Democratic Republic of the Congo
Proof of HODL Airdrop
Auditchain intends to make four (4) airdrops to early adopters of up to a total of 45,000,000 AUDT following the last phase of its IEO. The Airdrop will occur pursuant to the following eligibility conditions; (i) Wallet addresses must contain a balance of AUDT Tokens at the time of the snapshot, (ii) the balance of AUDT Tokens contained in each wallet address must be identical in state to the snapshot for each of the consecutive blocks following the snapshot with one exception; AUDT Token balances may be increased between the snapshot and the Airdrop but never decreased. In order to meet eligibility requirements, no AUDT may be moved out or transferred from a wallet address at any time between each snapshot and each Airdrop.
Airdrop Distribution Schedule
Each Airdrop will be distributed to eligible wallets which will receive an allocation of AUDT proportionate to their stake in the total amount of AUDT held by eligible wallets. This will be calculated using the following formula:
Airdrop Amount X Number of AUDT Held/Total Number of Eligible AUDT Held=Airdrop Allocation
Community Links:
Website https://auditchain.com/
Twitter https://twitter.com/Auditchain
Telegram https://t.me/Auditchain_Community
LinkedIn https://www.linkedin.com/company/auditchain
Facebook https://www.facebook.com/Auditchain
Reddit https://www.reddit.com/r/Auditchain
Youtube https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw
Medium https://medium.com/@Auditchain
Media Coverage
Auditchian Partners with Rymedi - NASDAQ - https://www.nasdaq.com/press-release/auditchain-partners-with-rymedi-to-launch-dcarpe-assurance-and-disclosure-platform--20190418-00886
Auditchain Partners with Monax Yahoo Finance - https://finance.yahoo.com/news/auditchain-partners-monax-integrate-dynamic-135000163.html
Pepper Hamilton LLP Joins DCARPE Alliance Pepper Hamilton - https://www.pepperlaw.com/news/pepper-hamilton-joins-dcarpe-alliance-2019-05-16/
Gilded Joins DCARPE Alliance Irish Tech Times - https://irishtechnews.ie/dcarpe-alliance-integrate-with-gilded-finance/
BANKEX Joins DCARPE Alliance, Partners with Auditchain - Medium - https://medium.com/@Auditchain/bankex-joins-dcarpe-alliance-57e18f374b1d
Shyft Network and Aeternity Join DCARPE Alliance, Partner with Auditchain Aeternity - https://forum.aeternity.com/t/aeternity-joins-dcarpe-alliance/3677
Bounties
Please visit our bounty thread here https://bitcointalk.org/index.php?topic=5151587.0
Re: Auditchain - Real Time Assurance and Disclosure for Digital Assets
It actually has the opposite effect. It rewards those who hold/stake, removes supply as a result and provokes interest to purchase on exchanges before each of the the 4 snapshots. Have you read the terms and conditions? See https://medium.com/@Auditchain/auditchain-releases-additional-details-of-its-audt-token-economy-a2ff4b4c1996
Re: [ANN][BOUNTY][PRESALE] Auditchain - blockchain co-inventor on team
THIS THREAD IS NO LONGER ACTIVE! AUDITCHAIN WILL NOT RESPOND TO THIS THREAD. Please use the following thread to ask questions or post;
https://bitcointalk.org/index.php?topic=5152521.msg51407381#msg51407381
THANK YOU
https://bitcointalk.org/index.php?topic=5152521.msg51407381#msg51407381
THANK YOU
Auditchain - Real Time Assurance and Disclosure for Digital Assets
Auditchain - Decentralized Continuous Audit & Protocol EcosystemTM
Disclaimer
Investing in cryptocurrency is one the most dangerous things you can do financially. Please do not invest if you have either 1) a need for liquidity (cash on hand) or 2) cannot afford to lose your complete investment.
The Auditchain project is a complex and comprehensive project within the financial auditing industry which is not easily understood by outsiders. Below follows a very simplified and ELI5 (explain like I am 5) explanation. Many questions are answered in the whitepaper, so please read it carefully and multiple times!
Current Status of Traditional Assurance
An audit is, simply speaking, an opinion based on inspection of the operational and financial state of a company. Audits are needed to express to shareholders or people with an interest in the company, that financially speaking, the company is telling the truth in all material respects. This means that the information that the auditor expresses an opinion on presents fairly in all material respects, the financial and operating condition of the enterprise. That statement, as stated in every annual report carries a high degree of subjectivity and is conditional upon a lot of other things, such as the managements ability to maintain control over disclosure controls. Auditors are tasked with expressing a set of opinions, not facts. However, there are three critical flaws to this system:
1) the Auditor is giving an opinion, which is subject to bias and can be influenced by the company.
2) the evidence that is provided to the Auditor comes from the company itself, usually once a quarter an on an annual basis. This gives the company enough time to alter the evidence in their favor.
3) IT IS NOT THE AUDITORS JOB TO SPECIFICALLY DETECT FRAUD. That is a different kind of an audit.
Why is this important?
The most obvious reason is to maintain integrity. In 2018 alone, fraud resulted in the theft of over $7 Billion according to the ACFE. You can read the most recent Report to the Nations. Read the report. https://s3-us-west-2.amazonaws.com/acfepublic/2018-report-to-the-nations.pdf However, there is another important reason to change this process. As the world has become more connected and services are available 24/7, the financial state of companies should also be available 24/7 for investors and shareholders. Investors, hedge funds, VCs and fund managers should be able to check the status of their investment in a company or entity at any time, whether the company raised their funds through ICO, IEO or in traditional ways. DIGITAL ASSETS NEED REAL TIME ASSURANCE AND DISCLOSURE! ITS UP TO EXCHANGES TO REQUIRE IT!
The Solution - Auditchain
The DCARPE Assurance and Disclosure Platform will enable continuous enterprise state machine and real time financial performance external validation by a network of CPAs and Chartered Accountants for issuers of digital assets. The DCARPE Explorer will render real time financial statement data as well as audit analytics in REAL TIME. The DCARPE Explorer will also offer public subscriptions to deeper financial detail and audit analytics as well as the ability to access tools to build dynamically updating thesis-based reports that ultimately have the potential to mechanize the foresight of oncoming risk.
This solves the two flaws in the current auditing system:
1) The auditors running the nodes are not connected to the company. They are truly independent.
2) The company must adapt their systems to provide cryptographically verifiable data in real time, which removes the time lapse and attack vectors from data delivery to the external validating nodes.
Please review our whitepaper for a full overview of the ecosystem Auditchain is building.
Staking Incentives and Rewards
All external validators and service providers such as software providers are required to purchase and stake AUDT. Enterprises stake AUDT to pay for services and assurance. Software providers that provide accounting and human resource software must stake AUDT. They get paid AUDT for providing the software to enterprise users. Auditors must also stake AUDT. They also get paid AUDT for providing attestations on each data block. They also get charged for not providing assurance when it is appropriate. This promotes and enforces a healthy gamified environment.
Auditchain is secured through Proof of Stake (PoS) consensus mechanism. 85% of the rewards are distributed to the external validators and 15% is distributed to Auditchain and DCARPE Alliance, its affiliate for development of the network and education.
Please refer to the whitepaper for more technical details regarding Network and Consensus Governance
DCARPE Alliance
The DCARPE Alliance is a global coalition of members of the accounting, audit, financial reporting, legal, blockchain, investment and regulatory community, (the Alliance). The purpose of the Alliance is to provide education, drive technology innovation and open source engineering, and promote the adoption of continuous audit and real time financial reporting using the DCARPE Assurance and Disclosure Protocol.
Auditchain is the founding member of the Alliance and is leading the development of DCAPRE with other members of the Alliance in the technical category. The DCARPE Assurance and Disclosure Protocol is the worlds first decentralized continuous audit and financial reporting protocol ecosystem for digital asset assurance and disclosure.
The Alliance is segmented in four categories;
Financial Reporting & Assurance CPAs, Chartered Accountants Individual and Corporate Experts in Active Practice
Technical Developers and Third-Party Software Providers
Legal and Regulatory - Law Firms, Regulators, Academics
Gatekeepers Digital Asset Exchanges, Securitization and Tokenization Platforms
Members in the assurance and financial reporting category of the Alliance will act as service providers in the DCARPE ecosystem. The Alliance members include Certified Public Accountants and Chartered Accountants who are system and organizational control auditors as well as financial statement auditors. They will operate external validating (audit) nodes on the network. This is the Assurance and Reporting category.
Members in the technical category of the Alliance are developers, enterprise software, technology and systems integration will act as service providers by adapting and integrating instances of their software into DCARPE for consumption and utilization by enterprises. This is the technical membership category.
Members from the legal, regulatory and academic community provide thought leadership on the benefits of continuous assurance and real time financial disclosure as well as how it can shape the evolution of existing legislature. This category represents the thought leadership category.
Members who provide digital asset origination, distribution, listing and trading services are the gatekeepers. They are tokenization and securitization platforms as well as digital asset exchanges.
There are currently 50 members of the DCARPE Alliance. The contributing members are companies who are global leaders in providing financial reporting software products and related services, XBRL software, accounting software APIs, Blockchain, artificial intelligence and machine learning software and consulting services.
The remaining members are CPAs, Chartered Accountants and academic thought leaders in accounting, audit and financial reporting.
Why Auditchian Adoption?
Digital Assets Need Real Time Transparency. Its Up to Exchanges to Require It. Unless digital asset exchanges begin to demonstrate improvements in listing standards, risk controls and transparency, regulatory compliance and mass adoption will be extremely difficult.
Traditional exchanges such as Deutsche Borse, NYSE, NASDAQ and SIX have strict listing standards that require all assets to submit to audit and review. Every traditional exchange also submits to audit and review. Failure to report financial results on time is cause for regulatory enforcement action and delisting.
We believe that digital asset exchanges have another chance to remain innovative and set an example for the global financial system by creating a new listing category reserved for digital asset listings and IEOs that agree to provide real time financial transparency subject to continuous external validation assurance by adopting DCARPE.
Auditchain is partnering with digital asset exchanges who will act as early adopters to integrate DCARPE via API into their digital asset exchange listing and launchpad platforms. Its a strategic move by digital asset exchanges to collaborate and demonstrate innovation and advancements in disclosure and transparency. It is also the key to avoid being shut down by governments and regulators for failing to protect investors and otherwise failing to promote and enforce, market integrity and full and fair disclosure.
Why Blockchain?
Blockchain in its essence is an accounting system. It is the best use case for a blockchain. It is a distributed ledger of records that are protected by cryptographic hashes, which cannot be changed once it is on the blockchain. This makes it perfectly suited for transparent, immutable financial records.
Competitors
Based on much research, we believe we have a first mover advantage. We also believe that based on much research, there are no other projects that are building a decentralized continuous audit and financial reporting protocol.
MVP
Here is demo video of the DCARPE Explorer; https://auditchain.com/dcarpe-explorer-front-end-demo-first-series/
Roadmap
Team
The team can be viewed on our website which contains the most current information. Please visit https://auditchain.com
Token Generation Event and Token Metrics
Auditchain will be conducting a token generation event, (TGE) of a total of 250,000,000 AUDT which will initially be launched on the Ethereum network through the deployment of an ERC20 smart contract.
A total of up to 100,000,000 AUDT will be sold to early adopters, 45,000,000 will be allocated for the Proof of HODL Airdrop, 25,833,333 will be allocated to the team, up to 25,833,333 will be allocated to advisers, up to 25,833,333 will be allocated in connection with partnerships, 15,000,000 will be allocated to early adopters and up to 12,500,000 will be allocated in connection with our bounty campaign.
AUDT will used by subscribers to consume granulated levels of financial detail and audit analytics published by enterprise adopters of the DCARPE Assurance and Disclosure Protocol through the DCARPE Explorer.
In addition to the initial AUDT token supply and subject to block times, consensus proposals and improvements, approximately 12,500,000 additional AUDT tokens will be rewarded to all Federated and Non-Federated nodes per year which amounts to approximately 237 AUDT tokens per block depending on block times.
Initial Exchange Offering
The first phase will begin on ExMarkets on June 14, 2019. This thread will be updated with additional exchange IEO listings. See the official announcement here. https://medium.com/@Auditchain/auditchain-and-exmarkets-partner-to-integrate-dcarpe-assurance-and-disclosure-protocol-for-digital-993558b05235
Auditchain will be entering into partnerships with other exchanges to conduct initial exchange offerings, (IEO). We will conduct a total of three phases of our IEO.
We are only choosing exchanges who agree join the DCARPE Alliance and partner with us by integrating the DCARPE Assurance and Disclosure Protocol into the exchange, create a separate listing category for digital assets that provide externally validated financial disclosure using the DCARPE Assurance and Disclosure Protocol.
IEO Terms
ONLY 1,000,000 AUDT WILL BE SOLD IN THIS PHASE!
Price: $0.20 USD
Tokens for sale: 1,000,000
Blockchain: Ethereum: (ERC20)
Currency pairs: BTC, ETH, USDC, EUR
Mandatory KYC
Restricted countries: United States of America, Afghanistan, Cuba, Iran, Iraq, Libya, N. Korea, Syria, Myanmar, China, Haiti, Liberia, Rwanda, Somalia, Sudan, or the Democratic Republic of the Congo
Proof of HODL Airdrop
Auditchain intends to make four (4) airdrops to early adopters of up to a total of 45,000,000 AUDT following the last phase of its IEO. The Airdrop will occur pursuant to the following eligibility conditions; (i) Wallet addresses must contain a balance of AUDT Tokens at the time of the snapshot, (ii) the balance of AUDT Tokens contained in each wallet address must be identical in state to the snapshot for each of the consecutive blocks following the snapshot with one exception; AUDT Token balances may be increased between the snapshot and the Airdrop but never decreased. In order to meet eligibility requirements, no AUDT may be moved out or transferred from a wallet address at any time between each snapshot and each Airdrop.
Airdrop Distribution Schedule
Each Airdrop will be distributed to eligible wallets which will receive an allocation of AUDT proportionate to their stake in the total amount of AUDT held by eligible wallets. This will be calculated using the following formula:
Airdrop Amount X Number of AUDT Held/Total Number of Eligible AUDT Held=Airdrop Allocation
Community Links:
Website https://auditchain.com/
Twitter https://twitter.com/Auditchain
Telegram https://t.me/Auditchain_Community
LinkedIn https://www.linkedin.com/company/auditchain
Facebook https://www.facebook.com/Auditchain
Reddit https://www.reddit.com/r/Auditchain
Youtube https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw
Medium https://medium.com/@Auditchain
Media Coverage
Auditchian Partners with Rymedi - NASDAQ - https://www.nasdaq.com/press-release/auditchain-partners-with-rymedi-to-launch-dcarpe-assurance-and-disclosure-platform--20190418-00886
Auditchain Partners with Monax Yahoo Finance - https://finance.yahoo.com/news/auditchain-partners-monax-integrate-dynamic-135000163.html
Pepper Hamilton LLP Joins DCARPE Alliance Pepper Hamilton - https://www.pepperlaw.com/news/pepper-hamilton-joins-dcarpe-alliance-2019-05-16/
Gilded Joins DCARPE Alliance Irish Tech Times - https://irishtechnews.ie/dcarpe-alliance-integrate-with-gilded-finance/
BANKEX Joins DCARPE Alliance, Partners with Auditchain - Medium - https://medium.com/@Auditchain/bankex-joins-dcarpe-alliance-57e18f374b1d
Shyft Network and Aeternity Join DCARPE Alliance, Partner with Auditchain Aeternity - https://forum.aeternity.com/t/aeternity-joins-dcarpe-alliance/3677
Bounties
Please visit our bounty thread here https://bitcointalk.org/index.php?topic=5151587.0
Disclaimer
Investing in cryptocurrency is one the most dangerous things you can do financially. Please do not invest if you have either 1) a need for liquidity (cash on hand) or 2) cannot afford to lose your complete investment.
The Auditchain project is a complex and comprehensive project within the financial auditing industry which is not easily understood by outsiders. Below follows a very simplified and ELI5 (explain like I am 5) explanation. Many questions are answered in the whitepaper, so please read it carefully and multiple times!
Current Status of Traditional Assurance
An audit is, simply speaking, an opinion based on inspection of the operational and financial state of a company. Audits are needed to express to shareholders or people with an interest in the company, that financially speaking, the company is telling the truth in all material respects. This means that the information that the auditor expresses an opinion on presents fairly in all material respects, the financial and operating condition of the enterprise. That statement, as stated in every annual report carries a high degree of subjectivity and is conditional upon a lot of other things, such as the managements ability to maintain control over disclosure controls. Auditors are tasked with expressing a set of opinions, not facts. However, there are three critical flaws to this system:
1) the Auditor is giving an opinion, which is subject to bias and can be influenced by the company.
2) the evidence that is provided to the Auditor comes from the company itself, usually once a quarter an on an annual basis. This gives the company enough time to alter the evidence in their favor.
3) IT IS NOT THE AUDITORS JOB TO SPECIFICALLY DETECT FRAUD. That is a different kind of an audit.
Why is this important?
The most obvious reason is to maintain integrity. In 2018 alone, fraud resulted in the theft of over $7 Billion according to the ACFE. You can read the most recent Report to the Nations. Read the report. https://s3-us-west-2.amazonaws.com/acfepublic/2018-report-to-the-nations.pdf However, there is another important reason to change this process. As the world has become more connected and services are available 24/7, the financial state of companies should also be available 24/7 for investors and shareholders. Investors, hedge funds, VCs and fund managers should be able to check the status of their investment in a company or entity at any time, whether the company raised their funds through ICO, IEO or in traditional ways. DIGITAL ASSETS NEED REAL TIME ASSURANCE AND DISCLOSURE! ITS UP TO EXCHANGES TO REQUIRE IT!
The Solution - Auditchain
The DCARPE Assurance and Disclosure Platform will enable continuous enterprise state machine and real time financial performance external validation by a network of CPAs and Chartered Accountants for issuers of digital assets. The DCARPE Explorer will render real time financial statement data as well as audit analytics in REAL TIME. The DCARPE Explorer will also offer public subscriptions to deeper financial detail and audit analytics as well as the ability to access tools to build dynamically updating thesis-based reports that ultimately have the potential to mechanize the foresight of oncoming risk.
This solves the two flaws in the current auditing system:
1) The auditors running the nodes are not connected to the company. They are truly independent.
2) The company must adapt their systems to provide cryptographically verifiable data in real time, which removes the time lapse and attack vectors from data delivery to the external validating nodes.
Please review our whitepaper for a full overview of the ecosystem Auditchain is building.
Staking Incentives and Rewards
All external validators and service providers such as software providers are required to purchase and stake AUDT. Enterprises stake AUDT to pay for services and assurance. Software providers that provide accounting and human resource software must stake AUDT. They get paid AUDT for providing the software to enterprise users. Auditors must also stake AUDT. They also get paid AUDT for providing attestations on each data block. They also get charged for not providing assurance when it is appropriate. This promotes and enforces a healthy gamified environment.
Auditchain is secured through Proof of Stake (PoS) consensus mechanism. 85% of the rewards are distributed to the external validators and 15% is distributed to Auditchain and DCARPE Alliance, its affiliate for development of the network and education.
Please refer to the whitepaper for more technical details regarding Network and Consensus Governance
DCARPE Alliance
The DCARPE Alliance is a global coalition of members of the accounting, audit, financial reporting, legal, blockchain, investment and regulatory community, (the Alliance). The purpose of the Alliance is to provide education, drive technology innovation and open source engineering, and promote the adoption of continuous audit and real time financial reporting using the DCARPE Assurance and Disclosure Protocol.
Auditchain is the founding member of the Alliance and is leading the development of DCAPRE with other members of the Alliance in the technical category. The DCARPE Assurance and Disclosure Protocol is the worlds first decentralized continuous audit and financial reporting protocol ecosystem for digital asset assurance and disclosure.
The Alliance is segmented in four categories;
Financial Reporting & Assurance CPAs, Chartered Accountants Individual and Corporate Experts in Active Practice
Technical Developers and Third-Party Software Providers
Legal and Regulatory - Law Firms, Regulators, Academics
Gatekeepers Digital Asset Exchanges, Securitization and Tokenization Platforms
Members in the assurance and financial reporting category of the Alliance will act as service providers in the DCARPE ecosystem. The Alliance members include Certified Public Accountants and Chartered Accountants who are system and organizational control auditors as well as financial statement auditors. They will operate external validating (audit) nodes on the network. This is the Assurance and Reporting category.
Members in the technical category of the Alliance are developers, enterprise software, technology and systems integration will act as service providers by adapting and integrating instances of their software into DCARPE for consumption and utilization by enterprises. This is the technical membership category.
Members from the legal, regulatory and academic community provide thought leadership on the benefits of continuous assurance and real time financial disclosure as well as how it can shape the evolution of existing legislature. This category represents the thought leadership category.
Members who provide digital asset origination, distribution, listing and trading services are the gatekeepers. They are tokenization and securitization platforms as well as digital asset exchanges.
There are currently 50 members of the DCARPE Alliance. The contributing members are companies who are global leaders in providing financial reporting software products and related services, XBRL software, accounting software APIs, Blockchain, artificial intelligence and machine learning software and consulting services.
The remaining members are CPAs, Chartered Accountants and academic thought leaders in accounting, audit and financial reporting.
Why Auditchian Adoption?
Digital Assets Need Real Time Transparency. Its Up to Exchanges to Require It. Unless digital asset exchanges begin to demonstrate improvements in listing standards, risk controls and transparency, regulatory compliance and mass adoption will be extremely difficult.
Traditional exchanges such as Deutsche Borse, NYSE, NASDAQ and SIX have strict listing standards that require all assets to submit to audit and review. Every traditional exchange also submits to audit and review. Failure to report financial results on time is cause for regulatory enforcement action and delisting.
We believe that digital asset exchanges have another chance to remain innovative and set an example for the global financial system by creating a new listing category reserved for digital asset listings and IEOs that agree to provide real time financial transparency subject to continuous external validation assurance by adopting DCARPE.
Auditchain is partnering with digital asset exchanges who will act as early adopters to integrate DCARPE via API into their digital asset exchange listing and launchpad platforms. Its a strategic move by digital asset exchanges to collaborate and demonstrate innovation and advancements in disclosure and transparency. It is also the key to avoid being shut down by governments and regulators for failing to protect investors and otherwise failing to promote and enforce, market integrity and full and fair disclosure.
Why Blockchain?
Blockchain in its essence is an accounting system. It is the best use case for a blockchain. It is a distributed ledger of records that are protected by cryptographic hashes, which cannot be changed once it is on the blockchain. This makes it perfectly suited for transparent, immutable financial records.
Competitors
Based on much research, we believe we have a first mover advantage. We also believe that based on much research, there are no other projects that are building a decentralized continuous audit and financial reporting protocol.
MVP
Here is demo video of the DCARPE Explorer; https://auditchain.com/dcarpe-explorer-front-end-demo-first-series/
Roadmap
Team
The team can be viewed on our website which contains the most current information. Please visit https://auditchain.com
Token Generation Event and Token Metrics
Auditchain will be conducting a token generation event, (TGE) of a total of 250,000,000 AUDT which will initially be launched on the Ethereum network through the deployment of an ERC20 smart contract.
A total of up to 100,000,000 AUDT will be sold to early adopters, 45,000,000 will be allocated for the Proof of HODL Airdrop, 25,833,333 will be allocated to the team, up to 25,833,333 will be allocated to advisers, up to 25,833,333 will be allocated in connection with partnerships, 15,000,000 will be allocated to early adopters and up to 12,500,000 will be allocated in connection with our bounty campaign.
AUDT will used by subscribers to consume granulated levels of financial detail and audit analytics published by enterprise adopters of the DCARPE Assurance and Disclosure Protocol through the DCARPE Explorer.
In addition to the initial AUDT token supply and subject to block times, consensus proposals and improvements, approximately 12,500,000 additional AUDT tokens will be rewarded to all Federated and Non-Federated nodes per year which amounts to approximately 237 AUDT tokens per block depending on block times.
Initial Exchange Offering
The first phase will begin on ExMarkets on June 14, 2019. This thread will be updated with additional exchange IEO listings. See the official announcement here. https://medium.com/@Auditchain/auditchain-and-exmarkets-partner-to-integrate-dcarpe-assurance-and-disclosure-protocol-for-digital-993558b05235
Auditchain will be entering into partnerships with other exchanges to conduct initial exchange offerings, (IEO). We will conduct a total of three phases of our IEO.
We are only choosing exchanges who agree join the DCARPE Alliance and partner with us by integrating the DCARPE Assurance and Disclosure Protocol into the exchange, create a separate listing category for digital assets that provide externally validated financial disclosure using the DCARPE Assurance and Disclosure Protocol.
IEO Terms
ONLY 1,000,000 AUDT WILL BE SOLD IN THIS PHASE!
Price: $0.20 USD
Tokens for sale: 1,000,000
Blockchain: Ethereum: (ERC20)
Currency pairs: BTC, ETH, USDC, EUR
Mandatory KYC
Restricted countries: United States of America, Afghanistan, Cuba, Iran, Iraq, Libya, N. Korea, Syria, Myanmar, China, Haiti, Liberia, Rwanda, Somalia, Sudan, or the Democratic Republic of the Congo
Proof of HODL Airdrop
Auditchain intends to make four (4) airdrops to early adopters of up to a total of 45,000,000 AUDT following the last phase of its IEO. The Airdrop will occur pursuant to the following eligibility conditions; (i) Wallet addresses must contain a balance of AUDT Tokens at the time of the snapshot, (ii) the balance of AUDT Tokens contained in each wallet address must be identical in state to the snapshot for each of the consecutive blocks following the snapshot with one exception; AUDT Token balances may be increased between the snapshot and the Airdrop but never decreased. In order to meet eligibility requirements, no AUDT may be moved out or transferred from a wallet address at any time between each snapshot and each Airdrop.
Airdrop Distribution Schedule
Each Airdrop will be distributed to eligible wallets which will receive an allocation of AUDT proportionate to their stake in the total amount of AUDT held by eligible wallets. This will be calculated using the following formula:
Airdrop Amount X Number of AUDT Held/Total Number of Eligible AUDT Held=Airdrop Allocation
Community Links:
Website https://auditchain.com/
Twitter https://twitter.com/Auditchain
Telegram https://t.me/Auditchain_Community
LinkedIn https://www.linkedin.com/company/auditchain
Facebook https://www.facebook.com/Auditchain
Reddit https://www.reddit.com/r/Auditchain
Youtube https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw
Medium https://medium.com/@Auditchain
Media Coverage
Auditchian Partners with Rymedi - NASDAQ - https://www.nasdaq.com/press-release/auditchain-partners-with-rymedi-to-launch-dcarpe-assurance-and-disclosure-platform--20190418-00886
Auditchain Partners with Monax Yahoo Finance - https://finance.yahoo.com/news/auditchain-partners-monax-integrate-dynamic-135000163.html
Pepper Hamilton LLP Joins DCARPE Alliance Pepper Hamilton - https://www.pepperlaw.com/news/pepper-hamilton-joins-dcarpe-alliance-2019-05-16/
Gilded Joins DCARPE Alliance Irish Tech Times - https://irishtechnews.ie/dcarpe-alliance-integrate-with-gilded-finance/
BANKEX Joins DCARPE Alliance, Partners with Auditchain - Medium - https://medium.com/@Auditchain/bankex-joins-dcarpe-alliance-57e18f374b1d
Shyft Network and Aeternity Join DCARPE Alliance, Partner with Auditchain Aeternity - https://forum.aeternity.com/t/aeternity-joins-dcarpe-alliance/3677
Bounties
Please visit our bounty thread here https://bitcointalk.org/index.php?topic=5151587.0
Re: [ANN][BOUNTY][PRESALE] Auditchain - blockchain co-inventor on team
Re: [ANN][BOUNTY][PRESALE] Auditchain - blockchain co-inventor on team
Hey the going guys and welcome to Cryptolaboratory ICO rating list!
Our experts analyzed the ratings of 14 world rating agencies.
We calculated the weighted average of the project. It is equal to 64.23 of 100.
Full information you can see in the description Auditchain (AUDT).
Just look us, comment on us and subscribe us on social networks.
Thank you for your attention!
|Cryptolaboratory team|
Our experts analyzed the ratings of 14 world rating agencies.
We calculated the weighted average of the project. It is equal to 64.23 of 100.
Full information you can see in the description Auditchain (AUDT).
Just look us, comment on us and subscribe us on social networks.
Thank you for your attention!
|Cryptolaboratory team|
Thanks for the information!
Re: [YOUTUBE] Auditchain - co-founder of blockchain tech on team!!
Attention! Due to the SEC order concerning Tomahawk (https://www.facebook.com/441663759184533/posts/2853527477998137/) US citizens CANNOT participate in the bounty!
Re: [ANN][BOUNTY][PRESALE] Auditchain - blockchain co-inventor on team
Our bounty thread is here! https://bitcointalk.org/index.php?topic=5061342
We will gift you 2 AUDT for each Youtube view you get on a review of Auditchain. Check the link for more information!
We will gift you 2 AUDT for each Youtube view you get on a review of Auditchain. Check the link for more information!
Auditchain is running a one-of-a-kind bounty campaign for Youtubers and supporters of the project. Read more about the Auditchain project in our TGE announcement thread https://bitcointalk.org/index.php?topic=5041997 and on our website https://auditchain.com/
Please read the T&C carefully before participation!
For any additional questions, please join our Telegram chat here https://t.me/auditchaincommunity and PM @eccy_eclectic . This post will also be updated with a FAQ for questions that arise frequently.
For every unique view that your video receives, we will reward you 2 AUDT token.
To make sure that smaller and medium sized Youtubers are also getting a substantial reward, we have capped participation at 10000 views maximum, so that big channels do not take most of the pool.
There are 1,000,000 million AUDT tokens in the pool. In the case that 1,000,000 AUDT or a total of 500,000 views have been reached but the bounty program is still active, we will adjust the bounty pool so that participants that decide to join later also have a fair chance.
Specifically:
Please read the T&C carefully before participation!
How it works
- Make the video, and put a passcode in the description box.
- Passcode: you can use a unique string of numbers here (e.g. 1234) so we can verify that you made the Youtube video. Please make it a unique passcode, we advise using a random generator like this one: https://www.random.org/strings/.
- Sign up to participate here:https://auditchain.com/bounty-verify/.
- We will ask you for your email address, wallet, passcode and the link to your video.
- Make sure to confirm your email address with us, check your spam folder.
- You will now be automatically added to the bounty participant list.
- Twice a week a Google Sheet will be publicly available with all the videos participating in the bounty pool, along with their accumulated AUDT tokens.
- Sign-up is allowed until the final day of the TGE. After this, the form will be offline and videos made after this date will not be allowed.
- 7 days after the TGE ends, we will provide a final tally on a public Google Sheet, including amount of tokens each participant gets.
For any additional questions, please join our Telegram chat here https://t.me/auditchaincommunity and PM @eccy_eclectic . This post will also be updated with a FAQ for questions that arise frequently.
Reward
For every unique view that your video receives, we will reward you 2 AUDT token.
To make sure that smaller and medium sized Youtubers are also getting a substantial reward, we have capped participation at 10000 views maximum, so that big channels do not take most of the pool.
There are 1,000,000 million AUDT tokens in the pool. In the case that 1,000,000 AUDT or a total of 500,000 views have been reached but the bounty program is still active, we will adjust the bounty pool so that participants that decide to join later also have a fair chance.
Video content
The video must be at least 5 minutes long. The video must be solely about Auditchain, and no other projects. The video must contain a review of the Auditchain project - its whitepaper, the team, the tokensale, etc. Video can be in your mother tongue, it does not need to be spoken in the English language. For further restrictions on the video content, please refer to the T&C.Terms & Conditions
By enrolling in the bounty programme through this link, you also agree with the T&C for this bounty.Specifically:
- We reserve the right to remove you from our bounty program at any time without warning or rebuttal
- All videos should mention (disclaimer) that the sale is not open to US citizens or residents and this is not investment advice
- Lewd, racist, terrorist or spam content will not be accepted
- Defamatory content regarding Auditchain is not accepted
- Artificially inflating view count is forbidden and will be checked for
- Suspected fraudulent behaviour will mean immediate removal from the bounty program
- Upon removal any stakes associated with the participant are deleted
- We have the right to require KYC prior to token distribution
- We reserve the right to make changes to the total bounty amount, insofar as it is not detrimental to bounty participants
- Videos must be a minimum of 5 minutes long and include a review of the Auditchain project
- The review of the Auditchain project must take up at least 75% of the video length
- Videos must contain a link in the description box to the Auditchain website: https://auditchain.com/
- Videos can be in any language
- Failure to comply with the video specifications will lead to removal from the program
- Any video made before the sign-up cut-off date of the bounty program is accepted
Re: [ANN][PRESALE][POS] Auditchain - blockchain co-inventor on team
IBM just joined the Blockchain Corporate Governance Foundation as a co-founder with Auditchain, New York University, Stanford University and Scott Stornetta. It's a long term initiative to improve smart contracts and use them to mechanize corporate governance execution and compliance
Re: [ANN][PRESALE][POS] Auditchain - blockchain co-inventor on team
seems that this project is pretty legit but collecting funds is another thing. i'm curious if they will continue this project if in case they will not attain to raise their target funds. with huge number of projects introduced everyday, why would this one be special?
Why we are special: every company inside and outside of blockchain needs to do financial reporting. The solution that we are proposing is something that the auditing and financial sector has wanted and needed for a very long time.
As for funds: we have already raised around 1.3 million in the private sale and have some pools actively pooling for the private sale right now.
Re: [ANN][PRESALE][POS] Auditchain - blockchain co-inventor on team
Make sure to watch this video with our chief Scientist Stuart Haber on the invention of blockchain technology!
https://auditchain.com/news/who-invented-the-blockchain-exclusive-interview-with-the-co-inventor-stuart-haber/
https://auditchain.com/news/who-invented-the-blockchain-exclusive-interview-with-the-co-inventor-stuart-haber/
Re: [ANN][PRESALE][POS] Auditchain - blockchain co-inventor on team
Interview with Founder Jason Meyers: https://irishtechnews.ie/interview-jason-meyers-founder-of-auditchain/
Re: [ANN][PRESALE][POS] Auditchain - blockchain co-inventor on team
There have been many rumours about the liquidity of exchanges and stable coins. These would not exist if projects run Auditchain, so everyone can see EXACTLY how much liquidity a projects has at all times.
Ask yourself if the FUD and market reaction of last week would happen with Auditchain!
Re: [ANN][PRESALE][POS] Auditchain - blockchain co-inventor on team
There have been many rumours about the liquidity of exchanges and stable coins. These would not exist if projects run Auditchain, so everyone can see EXACTLY how much liquidity a projects has at all times.
Re: [ANN][PRESALE][POS] Auditchain - blockchain co-inventor on team
russian translation reserved, let me now if need 
No translations needed at this point, thank you for the offer!
no translation for all language?
You can send translation offers to our PM
Re: [ANN][PRESALE][POS] Auditchain - blockchain co-inventor on team
I am familiar with auditing. I think this is one of the most technologically advanced projects. Judging by the photos of the team - you can see that there are professionals. I think the project has a future.
Thank you! If you are a CPA or similar in your country, please check out the DCARPE alliance page. We are accepting memberships from all over the world to help promote adoption of Auditchain.
Re: [ANN][PRESALE][POS] Auditchain - blockchain co-inventor on team
A little clarification regarding our airdrop: if you move the AUDT at any time from the wallet participating in the airdrop, you are disqualified and your AUDT will be distributed amongst the other people who qualify for the airdrop. Technically speaking, if one person is the only one to "hodl" on to their AUDT, they would get the entire airdrop!