Decentralized Autonomous Press

Welcome to the DAP ICO

 

 

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Pre-Sale contribution address:

0x974f3327C53366D27979427e972875DaBBeD14de

1 ETH = 5000 DAP

3 Things:

  1. Contributions over $4000 USD require KYC. Please use this form;
  2. Send ETH from an ERC20 compatible wallet (not an exchange);
  3. DAP tokens will be sent when ICO Part I commences, and transferable at the close of ICO Part II

Days
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XX ETH contributed out of the XX ETH initial milestone by XX contributors.

The pre-sale smart contract was audited by Nick Johnston of the Ethereum Foundation and Mikoto Inoue of Block Party. Cash contributions are added on the above progress bar.

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Token Distribution


Use of funds

Pre-Sale

$250,000 hard cap

ICO Part I

$2,000,000 hard cap

ICO Part II

$7,750,000 hard cap
Number Category Pre-sale ICO Part I ICO Part II
1 Core team $42,000 $103,000 $51,500
2 Core devs $28,000 $140,000 $70,000
3 Contractors $16,000 $180,000 $90,000
4 ICO Services $39,0000 $52,000 $26,000
5 Marketing $62,000 $310,000 $500,000
6 Web services $8,000 $40,000 $50,000
7 Overhead $55,000 $175,000 $200,000
8 Exchange Listing $0 $1,000,000 $550,000
Closing cash $0 $0 $6,212,5000

Download the complete DAP financial summary (coming soon)


DAP Token Details

Token name DAP
Soft Cap None. The platform is market ready.
Total Hard Cap 10 million USD
Minimum Contribution 0.02 ETH
Total Supply 20 million DAP tokens
KYC KYC is required for contributions over $4000
Exclusions USA friends can participate with KYC. We will refund the contribution if advised that our SEC compliance efforts don't succeed.
Exchanges ICO Part II will be a countdown to high liquidity exchange listings
Pricing The contract owner sets DAP's USD price in ETH at the commencement of each sale phase.

DAP ICO details

 
 
 
Stage USD Max tokens Discount Hard cap Start
Pre-Sale $0.1 2,500,000 90% $250,000 Live now
ICO Part I $0.5 4,000,000 50% $2,000,000 01 Sept, 2018
ICO Part II $1 7,750,000 N/A $7,750,000 01 Dec, 2018

Unsold tokens will be automatically deposited to an Impact Fund smart contract where, until November 1st 2020, Impact investors can purchase a minimum of $50,000 of tokens at ICO prices with 1-3 year lock in. Any tokens that remain will then be added to DAP's ACT Fund where DAP's token community can vote on proposals for their use.

 
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Numbers

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Team

Please connect with the ACT Foundation team on LinkedIn.

Fraser Brown, CEO

Liza Martynova, Administrator

Paul Walsh, CMO

Developers - Github.

We're hiring

For a list of current opportunities click here.

Advisors

Ian Cunningham, Operations Advisor

Three of the top 20 ICO Bench Advisor so far have offered to advise DAP. We are considering advisors and their proposals, and will announce details prior to ICO Part I launch.

Roadmap

Pre-Sale

LIVE NOW

The pre-sale stage offers a 90% discount. Thank you for being part of DAP.

Pilot DAP

LIVE NOW

Curators and journalists can start earning real Ethereum using the pilot DAP, and contributing to platform development.

ICO Part I

September 1st, 2018

ICO Part I live. DAP distributed to pre-sale participants

Alpha Live

September 10th, 2018

DAP Alpha 0.1 release

Alpha Mainnet

November 1st, 2018

DAP Alpha will be deployed on the Ethereum mainnet

DAPs development

November 20th, 2018

The ACT Foundation will commence supporting new DAPs financially

ICO Part II

December 1st, 2018

DAP ICO Part II will launch with a "countdown" to high liquidity exchange listings.

DAP on exchanges

January 20th, 2019

DAP tokens will be transferrable. 20% of ICO Part II funds will be allocated to exchange listing fees.

DAP pilot

 
 
 

FAQs

+ When is the ICO?

Our roadmap states July 2018, but we are in no hurry. We will engage with as much of the blockchain community as possible prior to launch including to work with founder investors who are interested in transforming the Press.

+ What does "Fork DAP" mean?

There will be many DAPs that all use the decentralized curation engine. The ACT Foundation will support new DAPs that need financial support to get started. DAPs herald a new era for the Press.

+ What is DAP token?

DAP token is an Ethereum crypto token, which because of its function is called a utility token. A limited number of these are created by a software program ("smart contract") during a "token generation event". The token cannot be counterfieted, and no more can be created. Therefore, it securely represents the DAP system's value.

Curators who earn rewards for their work have to stake DAP in order to access the "curation engine" where journalist's work is first submitted. This requirement ensures that these key participants in the system are stakeholders with a vested interest in platform integrity and success. There are many other ways that DAP tokens help secure the decentralized platform against attack vectors.

+ What does DAP stand for?

“DAP” stands for Decentralized Autonomous Press. A DAO or Decentralized Autonomous Organisation is able to function without a centralized companies control. It functions autonomously, and is an ultimate expression of sensorship resistance.

+ What role do journalists have?

Journalists are autonomously remunerated from the DAP’s revenue, which is stored on its smart contract. The DAP’s founders will typically have allocated a percentage of this revenue for themselves and content providers at setup. Editors and readers curate journalist’s submissions as part of a decentralized process that determines if the fee sought by the journalist should be paid, and in the event that the DAP smart contract does not have enough funds, who should get what portion. There is a nominal submission fee which is purchasing power parity adjusted and used to pay curators.

+ What role do editors have?

Editors stake DAP tokens to gain rewards for their curation efforts. In the curation engine they are presented with randomized submissions. They can like the video or written content, flag it, comment on it, or like others comments. The curation engine’s algorithms determine which curators have the highest reputation. This evaluation together with how many DAP tokens are staked determines their reward. All submission fees paid by journalists are distributed amongst curators. All submissions spend 24 hours in curation. DAP tokens are ERC20 access and reward utility tokens. The curation engine is not freely accessible, and the tokens provide a solution that ensures that a stake holding reflects platform users commitment to the integrity and success of DAP.

+ How does it work for readers?

Readers have two options; they can simply read each DAP’s content online once published, or they can see content as soon as it has passed from curation to the voting dapp. This dapp’s smart contracts are connected to the curator platform. “Yes” or “no” votes are part of the validation process that the content has the value that the journalist has requested. Readers can select which DAP they wish to see content for and will be presented with one story at a time. They can see the next story once they vote “yes” or “no” confirming if they think that the content’s producer should be paid what they are seeking for the content or not. The targeted DAP will automatically pay the journalist the requested fee depending on these results. All submissions spend 24 hours being voted on in our dapp.

By implementing this dual constituency system, the DAP curation process is able to assign reputation and reward to curators. DAP tokens are another instrument that enables behavioural incentives and resistance to attack vectors.