The reporting and disclosure framework for twenty first century business has arrived! Auditchain is the world's first decentralized continuous audit and real time reporting ecosystem for enterprise and token statistics disclosure. The science of continuous audit has been limited to enterprise internal audit and reporting up until now. Auditchain enables enterprises to provide stakeholders and regulators with the highest levels of audit assurance through decentralized consensus based audit procedure under the DCARPE™ Protocol.
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The AUDT token functionality powers the new decentralized enterprise world. It's what drives assurance of the modern enterprise from initial certification, early detection and remediation to financial and token statistics disclosure in real time with the highest levels of trustless assurance through decentralization. Wanna take a ride?
Auditchain will be conducting a token generation event, (“TGE”) of a total of 250,000,000 AUDT which will initially be launched on the Ethereum network through the deployment of an ERC20 smart contract.
160,000,000 AUDT** will be sold to early adopters, 25,833,333 will be allocated to the team, up to 25,833,333 will be allocated to advisors, up to 25,833,333 will be allocated in connection with partnerships and up to 12,500,000 will be allocated in connection with our bounty campaign.
AUDT will used by adopters to consume granulated levels of financial data and audit analytics published by enterprise adopters of the DCARPE™ Protocol through the DCARPE™ Explorer.
Auditchain will be publishing its own Streaming Financial Statements™ through the DCARPE™ Explorer during and after the TGE on the Ethereum network. Stakeholders will be able to purchase subscription levels to financial data such as real-time rollups to financial statement line items.
We expect to exchange AUDT held by users and migrate the Auditchain platform from the Ethereum blockchain to the DCARPE™ Protocol after the launch.
*Upon launch of the DCARPE™ Protocol, 12,500,000 additional AUDT will be emitted annually in connection with rewards. Annual reward amounts are approximate and are dependent on actual block times.
**Includes a total of 60,850,000 AUDT to be distributed in connection with the Airdrop and to early adopters.
Auditchain intends to make four Airdrops to contributors of up to a total of 42,685,499.996 AUDT following the TGE. An initial impression of all AUDT balances in all Ethereum wallets will be taken from the last block validated 60 days following the TGE, with the first Airdrop happening 60 days after the initial impression. Subsequent impressions and Airdrops will take place 90 days after the previous cycle. Final calculations and block height impressions will be announced before each event.
Each Airdrop will be distributed to eligible wallets which will receive an allocation of AUDT proportionate to their stake in the total amount of AUDT held by eligible wallets. This will be calculated using the following formula:
Allocation=Airdrop AmountxNumber of AUDT Held by ContributorTotal Number of AUDT Held
X=Airdrop AmountxN. AUDT Held by YouTotal N. of AUDT Held X=ALLOCATION