The $AUC Token is used as the key utility token within the Advanced Project ecosystem and is utilized for real-time payments, remittances, loans, staking, and fee payments. Until the proprietary mainnet is developed, the AUC Token will be used on the Ethereum network. The AUC mainnet will be launched in the future, as the circulation and trading functions of the AUC token stabilize. The existing ERC-20-based AUC token will be redistributed through a swap mechanism.
Acquisition and Utilization of AUC
- Payment and remittance: AUC can be used as a means of payment and remittance between countries on TIER, one of the core services of the Advanced Project.
- Community Rewards: AUC can be used as a reward for users who use payment and remittance services through merchants or platforms that have partnered with the Advanced Project, or for participating in events.
- Fees: AUC can be used as various fees (such as remittance fees and service subscriptions) within the AUC ecosystem service platform.
- Participation: AUC can be earned through staking.
Marketing: This portion will be reserved for future ecosystem development, including social media marketing, and community events.
Operation: Quantity allocated to operations such as operation and development costs to enhance the value of AUC tokens.
Market Liquidity: The Quantity that is designed to provide liquidity, which the market lacks. 100% unlocked at listing.
Ecosystem: It is used to reward users for their contribution to major blockchain services that can be linked to the Advanced project’s dApp.
Team & Advisors: Compensate the core team who developed the platform and its infrastructures and strategic advisors to the protocol.
Partnership: Will be conditionally distributed based on the achievement of a particular milestone.
Reserve: Tokens reserved for future growth capital rounds, community grants, network growth, partnerships, liquidity provisioning, etc. Vesting is to be decided at the time of distribution and based on the nature of usage and it will unlock after the announcement on the Foundation’s official GitHub and Medium.
$AUC Vesting Periods
$AUC Token Release Schedule
For any queries, don’t hesitate to reach out to us at: