Deflationary Token Economy
The monetary system for financial disclosure automation and external validation
Last updated
The monetary system for financial disclosure automation and external validation
Last updated
The AUDT Token powers the network of Pacioli AI Validating Nodes which make up the world's first web3 disclosure automation and "Proof of State" external validation expert professional services network.
The Pacioli AI Validating Node is integrated with the Luca Suite which enables the creation, automation and communication of financial and non-financial structured disclosure information and the creation of the Process Controls that make them compliant, accurate and truthful.
SYMBOL: AUDT
The parent AUDT Token contract address on Ethereum is: 0xb90cb79b72eb10c39cbdf86e50b1c89f6a235f2e
The child AUDT Token contract address on Polygon is: 0x91c5A5488c0dEcde1Eacd8a4F10e0942fb925067
The maximum supply is 250,000,000. The table below illustrates the allocation.
| ALLOCATION | AMOUNT | PERCENTAGE |
|---|---|---|
The staking requirement to operate a Pacioli AI Validating Node is initially set at 14,000 AUDT and is subject to governance.
Reporting entities for structured disclosure and and Process Control validation.
Data Subscribers for analysis of financial statements.
Creators of Process Controls to prove that they work correctly.
Validators of structured disclosure instances and Process Controls receive rewards.
Process Control Creators receive royalties when their Process Controls are used.
Validators receive royalties when Process Controls validated by them are used.
Monetary policy is set by the community. Changes in functionality are immediately invoked upon the passage of a vote on the following functions:
Changes to the maximum number of Pacioli AI Nodes
Changes to the minimum Pacioli AI Node staking requirements
Changes to the amount of rewards paid to validators through subsidies
Changes to the amount paid by the user requesting the validation
Changes to the allocation of proceeds from data subscriptions between reporting entities and the cohort of validators
Changes to the minimum staked balance required for continued compliance by a reporting entity (fair warning)
Changes to the minimum number of validators in a cohort
Changes to the minimum percentage of validators in a cohort required to achieve consensus
Assuming a price of $.075, an average of 5% of the maximum supply is removed from circulation each year as the result of the subsidy allocation and is subject to price fluctuation. See Reward Allocation
The net reduction in circulation in the first three years is estimated below.
| PERIOD | AMOUNT |
|---|---|
Early Adopters
43,700,351
17.48%
Team
25,833,333
10.33%
Advisors
25,833,333
10.33%
Treasury
71,299,649
28.52%
Bounty
12,500,000
5.00%
Subsidies
45,000,000
18.00%
Liquidity
25,833,334
10.33%
TOTAL
250,000,000
100%
Year 1
3,163,250
Year 2
7,165,833
Year 3
26,393,750
TOTAL
36,722,833