AUDITCHAIN First Decentralized Sustainable Audit in the World

What is Auditchain?

Auditchain hopes to encourage adoption of the Auditchain Network through a combination of collaboration with Alliance and direct marketing to and early collaboration with the corporate community. Auditchain is being drafted as for proft GmbH based in Switzerland.

They believe that Auditchain currently enjoys the advantage of being the first mover as a decentralized sustainable audit and ecosystem reporting protocols for corporate networks and decentralization.

Auditchain hopes to generate revenue through receipt of fees in connection with services and transactions on the Auditchain Network. Although it is too early to project income levels and the magnitude of growth, they believe they can draw a preliminary comparison. Typical Fortune 100 companies generate more transactions per minute than all transactions combined with a per minute basis based on Ethereum and Bitcoin Blockchains.

They believe that blocking prizes and AUDT Fees on the Auditchain Network have the potential to exceed the level of all transaction costs on a per block basis rather than the two largest public blocks with one large company or 10 medium companies

Driving a new trust economy

AUDT Token functionality provides a new world of decentralized guarantee and disclosure. This is what ensures the transparency of a modern enterprise from initial certification, early detection and correction to real-time financial reporting with the highest levels of guarantee through a decentralized external audit of the enterprise. Want to ride?

AUDITCHAIN NETWORK SERVICES

The AUDT Token is the base currency and utility for enterprise application service, assurance and disclosure payments. AUDT unlocks network services that provide the highest levels of transparency to investors and stakeholders at a fraction of the cost of traditional audit and reporting.

AUDITCHAIN NETWORK INTEROPERABILITY

As a layer two protocol, Auditchain provides seamless interoperability between private and public blockchains which enables robust utility and atomic settlement of trade payables.

AUDT FEES

AUDT Fees for enterprises can be reduced to zero through subscription revenue sharing and enterprise participation in the decentralized trustless assurance ecosystem.

PREMIUM STAKEHOLDER ASSURANCE

AUDT enables stakeholders to unlock and view granulated enterprise audit analytics and financial performance detail that provide the highest levels of transparency from enterprise system and control statistics to real time financial performance.

TOKEN ALLOCATION

AUDT Token Economics

The AUDT Token is consumed through staking by enterprises, CPAs, Chartered Accountants, providers of enterprise software and other service providers. Staking will foster incentive to provide uninterrupted service and reduce the cost of services on the network as well as enforce a fair and balanced gamified AUDT Token monetary system.

AUDT is also staked and consumed by subscribers to the DCARPE Explorer who subscribe to a variety of access to detailed digital asset and enterprise financial statement and audit analytics data. In addition, third party service subscriptions through the DCARPE Explorer will enable the creation of dynamically updating actionable research reports on selected digital assets.

The AUDT token functionality powers the new decentralized enterprise world. It’s what drives assurance of the modern enterprise from initial certification, early detection and remediation to financial and audit analytics disclosure in real time with the highest levels of integrity through consensus-based enterprise external validation.

IEO Fundamentals

ONLY 1,000,000 AUDT WILL BE SOLD!

The AUDT Token sale will begin on the 14th of June and will end on the 24th of June.

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.

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. The TGE date has not yet be set but will be announced soon. A private sale is currently in progress, and starts at 25 ETH. Sign up for the private sale can be done here: https://auditchain.com/privatesale/

160,000,000 AUDT** will be sold to early adopters,

25,833,333 will be allocated to the team [lockup period]

up to 25,833,333 will be allocated to advisors [lockup period]

up to 25,833,333 will be allocated in connection with partnerships

up to 12,500,000 will be allocated in connection with our bounty campaign

**Includes a total of 60,850,000 AUDT to be distributed in connection with the Airdrop and to early adopters in connection with private sales.

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.

ROADMAP

2ND QUARTER - 2019

Launch of MVP & Token Generation Event

4TH QUARTER - 2019

Node Testing

2ND QUARTER - 2020

MainNet Launch

3RD QUARTER - 2019

Auditchain TestNet

1ST QUARTER - 2020

DCARPE™ Explorer

xBRL™ Analytics

3RD QUARTER - 2020

Commercial Launch

Smart Contracts

An open source library of smart contracts will be developed containing an implementation of a variety of GAAP, IFRS and Government Accounting and Audit Standard “GAAS” accounting treatment protocol and jurisdictional tax treatment protocol for all enterprise transactions. Earlier stage and venture backed enterprises spend a high percentage of accounting resources on equity compensation and convertible instruments. A priority will be placed on the development of a sample of FAS 123R accounting treatment contracts associated with equity based compensation plans. In addition, convertible debt accounting treatment contracts under FASB ASC will also be considered a priority for development.

For more information, please visit :

WEBSITE: https://auditchain.com/

WHITEPAPER: https://auditchain.com/wp-content/uploads/2019/05/Auditchain-Whitepaper.pdf

FACEBOOK: https://www.facebook.com/auditchain/

TWITTER: https://twitter.com/auditchain

TELEGRAM: https://t.me/Auditchain_Community

Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2330472

ETH Address : 0x2eb56cD651CBc1D8088AC385D0fF0960F950E41a