pacioli.ai
  • Introduction to Pacioli.ai
  • What is iXBRL?
  • Real World Use Cases
  • Pacioli AI Agent
  • State Condition
  • Deflationary Token Economy
  • Rewards
  • Release
  • Luca Suite
    • Overview of Luca Suite
    • Getting Started
    • User Guide
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  • Introduction
  • Token Supply Allocation
  • Staking
  • Settlement
  • Who Pays?
  • Who Receives Payment?
  • Governance
  • Deflation

Deflationary Token Economy

The monetary system for financial disclosure automation and external validation

PreviousState ConditionNextRewards

Last updated 12 months ago

Introduction

The AUDT Token powers the network of Pacioli AI Validating Nodes which make up the world's first web3 disclosure automation and 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:

The child AUDT Token contract address on Polygon is:

Token Supply Allocation

The maximum supply is 250,000,000. The table below illustrates the allocation.

ALLOCATION
AMOUNT
PERCENTAGE

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%

Staking

Settlement

Who Pays?

  • 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.

Who Receives Payment?

  • 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.

Governance

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

Deflation

The net reduction in circulation in the first three years is estimated below.

PERIOD
AMOUNT

Year 1

3,163,250

Year 2

7,165,833

Year 3

26,393,750

TOTAL

36,722,833

The staking requirement to operate a Pacioli AI Validating Node is initially set at 14,000 AUDT and is subject to .

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

"Proof of State"
0xb90cb79b72eb10c39cbdf86e50b1c89f6a235f2e
0x91c5A5488c0dEcde1Eacd8a4F10e0942fb925067
governance
Reward Allocation