Well, this is the type of analysis that we really enjoy. Thank you @kroonike for this, and we can only apologise for the delay in responding due to general business of this pre-ICO period.

Put simply, if you "donate" $100 at pre-ICO it is the same as someone contributing $1000 at ICO, assuming you made the 10x bonus (see here). So, we have to count $1000 in this instance when calculate ACT token's value. That is why, in the "crunching the numbers" example $6m is raised, but $11,050,000 counted. Please come back to us, or PM. Also telegram is getting quite active for handling questions in a more timely way - access via contact us page on www.daoact.org. Thanks!

Importantly, the ACT value = total fundraising amount / 10 billion . You are right, it is not a great amount of money. But the spirit of this exercise is to provide a fun incentive which might be valuable in the future. Liza will email everyone soon to explain how they got on with the answers! And thank you for taking part.

Hi @kroonike. Please check out this post. Especially "Step 1". Please PM me for a deeper brainstorm

Hello @shine1123 Good questions! They are now answered in FAQs. We appreciate your participation.

These FAQs now answer these questions. Please PM us for more details as needed.

Thank you JohnUser. Could you contact @irfan_pac10 about your offer regarding French translation. Your support is valued. If you have questions about the white paper or business model, please let us know. You might also be interested in this recent deep dive into the numbers

FULL "Frequently Asked Questions" now published here.

Please PM @daoact if you have specific technical questions arising from completing the form.

Thank you.

Update 15th December 2017

Hello ALL!

Happy to inform you that tokens are being minted for distribution.

The final phase of our crowdsale has begun!

Thank you all for your patience. Will be in touch via email once tokens are sent out.

Fraser and the ACT team.

Thank you jwiz168. This was our announcement together, and it is great to be working intensely with the team in these final stages.

Also, great quote from the Chair of the WINGS Foundation:  “ACT is a truly innovative concept in the cryptocurrency space focused on social good,¨ says Boris Povod, President of the WINGS Foundation Council, “We designed WINGS to allow people from all over the world to value and promote projects they believe in and are excited to have such a strong team comprised of ACT and their partner Draglet to be presented to the WINGS community.”

It makes us proud to be getting so much support from the community.

If you are hungry for some ACT Token you can complete these 9 questions and win 1000

Thank you Sergei, we are excited about the support from the Russian speaking world. Our first Meetup presentation was in the Ukraine. We will contact you directly once our bounty portal is configured.

Your support is greatly received! But, ACT was presented a last week in Berkeley University, and in Zurich this week at a major Sustainable Development Goals event. The bitcointalk forum is very important, and over time it will be a hub for discussion as we move past pre-ICO and development of the technologies accelerate.

You do realise that a $100 donated during the pre-ICO secures as many ACT Token as $1000 during the ICO? We feel that it is a great opportunity that we have made open instead of just for a "select few". I hope that we can continue the discussions, which are very valuable!

Thank you for taking the time to follow up with these detailed questions. Let me address those them as best I can:

> It's written that ACT members votes are “purchased” by donations of ETH (digital currency). in case ACT is interested in donations, why you are accepting any crypto currency or fiat why ETH only?

One of the interesting things about this space is that the user-friendliness of crypto is growing fast. By November this year, there could be many developments that influence what ACT Beta looks like. Its a great function of the community to help navigate every opportunity including this that you mention.

> Who will be in DAOACT -that will decide that project is valid or not? What is the policy for that?

This is the magic. Much of the white paper is devoted to describing the ACE (Act Curation Engine). ACT holders vet or curate proposals. ACT and ACTION (the vesting token) are reward tokens that incentivise accurate and thorough curation of proposals.

> Where are how the funds spending will be published or tracked by regular users? And I didn't understand as soon as me as member bought token spent it on the voice, in what currency the payment will be made? In tokens? in USD? and based on what exchange rate?

The great thing about blockchain is the transparency around transactions, but more details will come out during Beta development. Transparency is fundamental as you point out. When a quorum is reached the proposal maker is funded by the smart contract in ETH. But remember what you pay for votes is pooled and it is the crowd that decides how the aggregated funds are directed.

Hope this helps!

Thank you for taking the time to follow up.

Ok, so the later point is good to address. This case study of "Lena" has become the focus of "explaining" ACT. Her story is the main theme of our explainer video, and many other narratives. As well as catching people's attention visually that this is a social cause, the other main reason to use it is consistency. We could have chosen a big systemic issue as a centre pin for the message, but this story of disabled access is just so perfectly pitched to what social justice is about at its core, that we just love putting it forward.

On the other points, you might be referring to the Avaaz platform that now boasts 44 million members from 194 countries, or Change.org, which claims over 178 million “people taking action” (it is actually a for-profit company that Forbes reported in 2012 had revenues over $15 million with 20 million members). These platforms are growing incredibly fast but they started life as digital signature gathering websites. Change.org became profitable by allowing petition makers to sponsor content, and Avaaz (a non-profit) now regularly fundraises for emotive causes handpicked by its elusive team. Both are centralised. What causes are promoted by each? Change.org - the one that pays most to sponsor its content, and Avaaz - the one that will grab the most subscribers attention. ACT is fundamentally different. The crowd decides absolutely everything in an entirely decentralised way, autonomously, immutably, unstoppably (if thats a word), and, above all, by consensus. There is a lot more we could say on this - am happy to do it here, or in pm.

Yes, we are here.

Hi LewiesMan, Thank you so much for spending time reviewing the project. Please dig into the white paper and contact us if you want a deeper dive. The ACT Token is critical in this true DAO. Like with Steemit it is the unit of account for another vesting token ACTION, which curators must convert to in order to secure curation rewards. That discourages speculation, and ensures curation that is the longterm interest of the platform. Because ACT help govern how curation rewards are distributed, and 15% of platform revenues are used to reward curators, as the platform grows in scale so the amount available for curation rewards increases. Its a big topic, and we prefer to use white paper as the reference point. Happy to continue this discussion!

steinkopf. You might be interested to compare the models of Avaaz and Change.org. One is non profit and the other for profit. For us, sustainability of ACT is all-important. We feel that it should not be an organisation looking for handouts (and paying a large team to find them!). Would love to discuss this more with you, and thank you for making such an insightful point. It might also be interesting for you to review the white paper where you will see the discussion around the price of votes. The initial price we are considering is 10 cents, which most can afford. ACT will achieve scale through aggregate support of the many.

The project has been financed in full by the Founders to date. Shortly, it will release the quotation from Draglet for building the three main components of the DAO, with milestones. This will come in around €150,000 and will be made public. The donation campaign agreement will note that the project can raise additional funds if the pre-ICO does not raise enough, and a provision will exist to refund participants. Of course, there is also the option for the Founders to continue to fund it. The reason for not setting a hard cap in a smart contract that could trigger a repayment if, for example, it fell $1 short, is that at this stage of funding there are so many routes to getting to the ICO. We intend for this to be an open dialogue, and the decision will rest with the question of viability.

Reserve

Update: please note that we will publish full details of the bounty campaign in a few days. Thank you for your patience in the meantime.