Access Network: Decentralized Bank for Unbanked
As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc.
As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems.
Nevertheless, there is a minority of people with access to cryptocurrencies but little incentive to participate seriously in their true utilities, and a majority that could benefit immensely but lacks the necessary access points to do so. The synergies between these two groups are very clear. The unattended represent a massive and diverse population with pressing economic and technological needs. Decentralized cryptoses, by their very nature, need a massive and diverse population to thrive at scale. Each one is the solution to the other's problems. The only problem is mutual access. For these reason, I want to introduce you Acces Network, a decentralized governance structure that incentivizes local growth and the future development of further financial tools.
So, Access Network (ACX) (https://acxnetwork.com) is a project designed to develop a World Bank for the unbanked, with self-government, incentives and massive distribution. Therefore, the ACX Network is a self-sustainable chip economy that allows participants to define financial access on their own. Participants are encouraged to create long-term value for others by demographically controlling the distribution of the Network's Incentive Fund. Through the use of blockchain technology, these interactions are possible thanks to a modular set of contracts smart ones that self-amend and distribute the funds throughout the ecosystem according to the will of the network.
The ecosystem consists of five basic layers:
- ACX utility sheet
- Government Protocol
- Incentive Fund
- Decision modules
- Services outside the chain
The most important features that the platform provides are described in the following table:
| Governance | Distribution | Development |
|---|---|---|
| Access uses a unique and democratic governance protocol to allow it to be updated over time. | A P2P banking platform in West Africa that will distribute access to its current and future users throughout Africa and other underserved markets. | Collaborators are rewarded for developing projects that are voted on by the community. |
To see how the platform works, you can see the following video...
Furthermore, Access Network will bring a wide range of solutions to the industry. The following are shown below:
| Advantage | Description |
|---|---|
| Scalability, freedom and speed | The ACX Network will provide true economic freedom and accelerate financial inclusion to those who need it most and will provide those who were previously unattended with an equal voice in the evolution of their financial freedom, connecting communities so that everyone can co-create and thrive together. |
| Adoption proven in the real world | Access will gain instant adoption by partnering with Atlas Money, a P2P banking platform in West Africa. |
| Incentive Development | A substantial part of all access currencies ("ACX") is coined over time through an intelligent contract distributed by Decision Makers voted by the Network. |
| Community Governance | One of the cornerstones of the ACX Network is its autoamortizable government contract that allows for adaptability over time. ACX Network will strive to achieve an equal weighting of votes so that all users can be heard. |
| Real-world solutions for real-world problems | The Voting Module proposed by Access will address real-world problems and practical needs by distributing incentives through a democratic, user-driven and clearly defined voting process. |
Bounty program
The project gives the opportunity to earn ACX Network tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk Webpage. Here (https://bitcointalk.org/index.php?topic=3036223) you can access the link in order to see what are the conditions to become an early ACX contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://acxnetwork.com/whitepaper.pdf). You can also stay tuned in their official Telegram group (http://t.me/acx_network). I hope you liked the post and soon I'll send you new ones.
Roadmap
| Date | Events |
|---|---|
| Q1 2018 | Access Network and its Governance Protocol goes live on testnet. |
| Q2 2018 | Token Generation Event. Access Network and its Governance Protocol goes live on main net. |
| Q3 2018 | Submitted Decision Making Modules will be voted on for adoption. |
| Q4 2018 | The first decision-making module will go live on the Access Network mainnet. |
| Q1 2019 | Access will continue to develop useful Dapps for the Network, above and beyond developments contributed through any decision-making modules. |
Token details
The intrinsic token of ACX Network (ACX) is used to vote in chain protocols and participate in ancillary services that encourage taxpayers. In addition, ACX Access tokens themselves are used to reward the growth of a decentralized banking infrastructure, vote on the applications they want to build, unlock more applications, pay discounted rates or redeem them for useful rewards such as smartphones. , among other.
Token: ACX
Platform: Ethereum
Type: ERC-20
Tokens for sale: 1,620,000,000
Author Details
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71
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