ACT is a curation market and decentralized crowdfunding dApp. Any number of "ACT Funds" can be created which all utilise our decentralized curation engine where curators are rewarded for their work.
BETA: By way of explanation, the videos below demonstrate a project that uses ACT's technology for a different purpose. Between these videos, the written resources, and the actual live test network Alpha platforms you should be able to see what we have currently. Instructions for ACT curation engine and daoact pilot - https://medium.com/daoact/daoact-testnet-launch-a1e871a25f4a Daoact - daoact.org Curation engine - https://curate.act.foundation/ Video (rambling demo) - https://youtu.be/Upvt-KYPdSg Video (short) - https://youtu.be/8m2NPn5UblI I guess that we pivoted because of a lack of b4h style incubators. I needed to find a sustainable way to take the technology forward and continue to iron out its kinks. This would either be through a grant, or a grant and incubator.
ACT is a solution for the entire giving industry therefore its impact could be felt in any area of social impact that relies on grants or gifts. It is designed especially for small grant recipients and return applicants so that the applicants build up reputation with donors over time.
The project could be leveraged by global citizens to aggregate micro finance to drive enough civic mobilisation to force governments to act sufficiently on climate change (or any other social good fundraising). It was built (and its funders supported it) because it is the only chance we have to turn climate change around.
Solving three problems with giving: bureaucracy, speed, and transparency. Example 1: Activism. Movements require 3.5% of a population to force a government to do what the people want. Protagonists apply and the DAOACT fund pays, they apply again with proof of what happen, the DAOACT fund pays. This injunction resistance mechanism could topple corrupt regimes. Example 2: Water in Africa. Villager apply to a crypto project's ACT Fund that focuses on funding solar wells in villages. The projects token holders can also vote after curation on which projects get funded. The time from application to payment is 2 weeks.
The solution is a pure blockchain ecosystem on Ethereum leveraging blockchain's benefits. Proposals are submitted to a dApp using MetaMask, assessed by curators again with transactions (see video above) and all this is connected to the fund smart contract that pays a set amount per success before opening the proposal for crowdfunding.
Fraser Brown (Olympian, Irish) and Liza Martynova (Belarusian) - Founders Swiss Board Member: Patrick Storchenegger who also sits on the board of the Ethereum Council Developers both from Kiev, Ukraine:
We have raised and spent around $250,000