[ANN][ACX] 🗺️🌍🌐 Access Network - Decentralizing Financial Inclusion 🌐🌍🗺️

[bibliobusz]

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?

But if loan sharks are offering loans, how can you actually prevent this? KYC will make sure you know that it's secure but other than that I don't think that the app can prevent such situations.

We believe in a free market where bad players will be taken out by benevolent players. In this case, we could potentially allow loan sharks but since users have access to a large selections of lenders who compete on interest rate and terms, loan sharks will not be an attractive option to customers who could find much lower rates and thus will flush them out of the market.

Whats the percentage of total supply that will be sold in private sale?

21% of all tokens

that is a good approach to have a good competition so customers will decide for themselves.

[constructive_criticism]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Doesn't that open up possibilities for vote manipulation if one of the methods to be allowed to vote is how many tokens you have? Or did I get that wrong?

[oxhodler]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Doesn't that open up possibilities for vote manipulation if one of the methods to be allowed to vote is how many tokens you have? Or did I get that wrong?

Radical Trust is a new voting mechanism derived from Quadratic voting. It takes a radical function to calculate a vote as the weight of each token declines as more tokens are committed by an individual. This way, pooled together, small token holders can have a greater impact than large individual holders. Additionally, to prevent large token holders from using multiple accounts to increase their overall weight, we add a reputation and identity score using different solutions such as Keybase, Civic, Uport and full KYC to increase the weight of one’s vote.

This model gives a greater voice to smaller token holders and brings balance to the ecosystem while 1 vote per token greatly advantages the rich. This would not be viable in a network looking to democratize financial inclusion.

[Tyrant76]

Can someone explain what on-chain and off-chain means?

It means technology with or without use of blockchain.

thanks for the answer,I've been confused by that term 

[chungaLunga]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Thx for explanation. But how do agents wield voting power?

[babyBaba]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Doesn't that open up possibilities for vote manipulation if one of the methods to be allowed to vote is how many tokens you have? Or did I get that wrong?

Yeah that could turn up contra productive in some cases.

[djimiHendrix]

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?

But if loan sharks are offering loans, how can you actually prevent this? KYC will make sure you know that it's secure but other than that I don't think that the app can prevent such situations.

We believe in a free market where bad players will be taken out by benevolent players. In this case, we could potentially allow loan sharks but since users have access to a large selections of lenders who compete on interest rate and terms, loan sharks will not be an attractive option to customers who could find much lower rates and thus will flush them out of the market.

Whats the percentage of total supply that will be sold in private sale?

21% of all tokens

that is a good approach to have a good competition so customers will decide for themselves.

Its good to leave the power in hands of the community but there also have to be moderators to keep everything under control.

[masterCookie]

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?

But if loan sharks are offering loans, how can you actually prevent this? KYC will make sure you know that it's secure but other than that I don't think that the app can prevent such situations.

We believe in a free market where bad players will be taken out by benevolent players. In this case, we could potentially allow loan sharks but since users have access to a large selections of lenders who compete on interest rate and terms, loan sharks will not be an attractive option to customers who could find much lower rates and thus will flush them out of the market.

Whats the percentage of total supply that will be sold in private sale?

21% of all tokens

Thats quite a big percentage of tokens.

[masterCookie]

Its a nice project, tokens could become valuable fast!

[SRBYN]

Is it going to be possible to use ACX outside Africa,or it will be strictly for those oficially supported countries?

[Desmozgenes]

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?

But if loan sharks are offering loans, how can you actually prevent this? KYC will make sure you know that it's secure but other than that I don't think that the app can prevent such situations.

We believe in a free market where bad players will be taken out by benevolent players. In this case, we could potentially allow loan sharks but since users have access to a large selections of lenders who compete on interest rate and terms, loan sharks will not be an attractive option to customers who could find much lower rates and thus will flush them out of the market.

Whats the percentage of total supply that will be sold in private sale?

21% of all tokens

Exactly this,free market should sort the potential loan sharks,as if there is enough agents offering ACX that means it will be easily available for everyone,removing the loan sharks out of equation.

[Gurtna]

Is it going to be possible to use ACX outside Africa,or it will be strictly for those oficially supported countries?

I think team member said that for now they will focus on Africa,and later on there is chance to spread.

[oxhodler]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Thx for explanation. But how do agents wield voting power?

If voting power is delegated to agents (it's a concept called liquid democracy), then it's as if they had the full power on those votes so through the Access platform they will be able to vote on proposals and solutions on behalf of users.

[descuri]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Thx for explanation. But how do agents wield voting power?

If voting power is delegated to agents (it's a concept called liquid democracy), then it's as if they had the full power on those votes so through the Access platform they will be able to vote on proposals and solutions on behalf of users.

Thank you for explaining, it makes much more sense now. So the users will be very much included in the development of the project.

[Tyrant76]

Is it going to be possible to use ACX outside Africa,or it will be strictly for those oficially supported countries?

I think later they will expand to other countries outside Africa

[cmdr1]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Doesn't that open up possibilities for vote manipulation if one of the methods to be allowed to vote is how many tokens you have? Or did I get that wrong?

Radical Trust is a new voting mechanism derived from Quadratic voting. It takes a radical function to calculate a vote as the weight of each token declines as more tokens are committed by an individual. This way, pooled together, small token holders can have a greater impact than large individual holders. Additionally, to prevent large token holders from using multiple accounts to increase their overall weight, we add a reputation and identity score using different solutions such as Keybase, Civic, Uport and full KYC to increase the weight of one’s vote.

This model gives a greater voice to smaller token holders and brings balance to the ecosystem while 1 vote per token greatly advantages the rich. This would not be viable in a network looking to democratize financial inclusion.

I fully support any voting that doesn't revolve around riches.

[snowcommander]

But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?

But if loan sharks are offering loans, how can you actually prevent this? KYC will make sure you know that it's secure but other than that I don't think that the app can prevent such situations.

We believe in a free market where bad players will be taken out by benevolent players. In this case, we could potentially allow loan sharks but since users have access to a large selections of lenders who compete on interest rate and terms, loan sharks will not be an attractive option to customers who could find much lower rates and thus will flush them out of the market.

Whats the percentage of total supply that will be sold in private sale?

21% of all tokens

Thank you for the info, that is a good overall percentage so as not to devaluate the token.

[bibliobusz]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Thx for explanation. But how do agents wield voting power?

If voting power is delegated to agents (it's a concept called liquid democracy), then it's as if they had the full power on those votes so through the Access platform they will be able to vote on proposals and solutions on behalf of users.

I fully support this way of the community participating in the overall development.

[constructive_criticism]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Doesn't that open up possibilities for vote manipulation if one of the methods to be allowed to vote is how many tokens you have? Or did I get that wrong?

Radical Trust is a new voting mechanism derived from Quadratic voting. It takes a radical function to calculate a vote as the weight of each token declines as more tokens are committed by an individual. This way, pooled together, small token holders can have a greater impact than large individual holders. Additionally, to prevent large token holders from using multiple accounts to increase their overall weight, we add a reputation and identity score using different solutions such as Keybase, Civic, Uport and full KYC to increase the weight of one’s vote.

This model gives a greater voice to smaller token holders and brings balance to the ecosystem while 1 vote per token greatly advantages the rich. This would not be viable in a network looking to democratize financial inclusion.

Thank you for the explanation. It's a complex idea so detailed explanations like this bring more clarity.

[james7854]

I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?

can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?

Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.

Doesn't that open up possibilities for vote manipulation if one of the methods to be allowed to vote is how many tokens you have? Or did I get that wrong?

Radical Trust is a new voting mechanism derived from Quadratic voting. It takes a radical function to calculate a vote as the weight of each token declines as more tokens are committed by an individual. This way, pooled together, small token holders can have a greater impact than large individual holders. Additionally, to prevent large token holders from using multiple accounts to increase their overall weight, we add a reputation and identity score using different solutions such as Keybase, Civic, Uport and full KYC to increase the weight of one’s vote.

This model gives a greater voice to smaller token holders and brings balance to the ecosystem while 1 vote per token greatly advantages the rich. This would not be viable in a network looking to democratize financial inclusion.

Thank you for the explanation. It's a complex idea so detailed explanations like this bring more clarity.

That is a very smart idea. To actually lower the token value if submitted in higher quantity by someone. Will this by regulated by blockchain?