6 Total Score ICO Start: 14th Jul 2017 - ICO Ends: 4th Aug 2017
AUT (Autorium) is the world's best Automatically Self Mining ERC20 compatible token built on the Ethereum blockchain. By distributing permanent Mining Wells (instead of mining nodes) before Autorium is circulated, Autoria takes the guesswork out of mining.Team6Vision6Product6
AUT (Autorium) is the world's best Automatically Self Mining ERC20 compatible token built on the Ethereum blockchain. By distributing permanent Mining Wells (instead of mining nodes) before Autorium is circulated, Autoria takes the guesswork out of mining.
PARTICIPATE IN A SECURE PROOF OF STAKE TOKEN
The structure of current ICOs leave participants susceptible to headaches and woes. Autoria tries to be different.
Solving the ICO Dump Crisis. By Stuart Farmer posted July 4, 2017
We’ve seen quite a slump in the last few days in the Ethereum market and Ethereum investors are blaming it solely on the ICO fever. There is an accusation that some of the major ICOs such as Tezos and Eos are dumping their Ether on the market to liquidate it into usable funds for their business costs. This makes sense, but it also hurts the overall market. Similarly, you are seeing the whales who have gotten into the ICO early dumping their shares completely onto the marketplaces to make a quick buck, thereby destroying the value of the new asset.
With Autoria, we are combatting this behavior by limiting the amount of tokens our participants have immediate access to over the course of a year. Instead of purchasing the coins directly, participants purchase a stake that is distributed based on our proof of stake algorithm. We are also limiting initial participation to 100ETH to prevent whale buyers from controlling the entire asset. This allows the stakes to be distributed and fair.
Over the course of the year following our ICO, we will be releasing applications that will solidify Autoria’s standing in the market for the long term so that once all the tokens are dispersed, there is an ecosystem of value already created for the digital economy to function. In the beginning, these applications will be the simple gaming applications that bring in high volumes of activity. However, that will then transform into our mobile application, which will feature a peer-to-peer exchange, binary options, etc. as well as merchant services to provide a pipeline from Autorium currency into USD Tether into fiat and back so that merchants can take advantage of the benefits of crypto without the technical hassle.
It’s a trying time in the crypto market, but part of the beauty of cryptocurrency is that the community can develop new innovations to solve the growing pains we are experiencing. A decentralized community of developers can achieve more than the traditional centralist approach that is the current status quo.
We hope to see you soon as an early Autoria user so we can pave the path together in this exciting new field.
Stuart Farmer – Technical Architect
Boris Chan – Business Development
Mario Hernandez – Econometrics
Nick Huber – Finance & Business Development
James Munsch – Merchant Service Developer
Christian Perry – Public Communications
Autorium is the currency used in all of Autoria’s applications, including our merchant and development services. Autoria is the world’s first supply-curve modeled cryptocurrency, with a distribution model which solves many of the problems facing ICO’s today. Our strategy, of actively encouraging merchant adoption, and engaged development of automated solutions, allows Autorium to rise above the rest. Our rating for this ICO is 6.0 out of 10.0.