Auditchain Labs AG, the developer of the world’s first decentralized accounting, financial reporting, audit and analysis metaverse for assurance and disclosure announced that it will be launching its IDO on Trustpad on December 14, 2021 at 12:00 UTC.
The IDO will follow the completion of the final phase of the presale for the AUDT Token on Polygon, which is available for select non-US participants.
The heart of the Auditchain Protocol infrastructure features the Pacioli Node, a process control reasoning engine for computing financial state validation. Pacioli leverages open global standards and is used in an open decentralized environment to analyze the financial state of any publicly traded entity that files financial statements in global 50 jurisdictions which require the use of XBRL.
Staking – Pacioli Node operators must stake or be delegated a stake of a minimum of 10,000 AUDT. Anyone can run a node or delegate their AUDT to other node operators to earn passive income.
Changes in data subscription revenue allocation between enterprises and validators
Process Control NFT library admission
A minimum of 1% of the circulating supply must be delegated to propose a change. AUDT holders can delegate to themselves or to other delegates.
About Auditchain Labs AG
Auditchain Labs AG is leading the development of the world’s first decentralized accounting, audit, financial reporting and analysis virtual machine that automates and provides proof of assurance on the world’s business and financial information. Auditchain Labs AG is a founding member of the DCARPE Alliance Association and is leading the development of the Auditchain Protocol with other members of the Alliance.
About DCARPE Alliance Association
The DCARPE Alliance Association is a global organisaton consisting of members of the accounting, audit, financial reporting, legal, blockchain, investment and regulatory community. The purpose of the Alliance is to adopt standards, provide education, drive technology innovation and promote the adoption of continuous audit and real time digital financial reporting using the Auditchain Protocol.
About TrustPad
TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with tokenova, Lupa X, GD10 Ventures, BlockSync Ventures, X21 Digital, Meridian Capital, Wealth Union, Twin Apex Capital and 4SV.
TrustPad is different to other launchpads. A ‘quality over quantity’ approach ensures that projects launched through TrustPad have real long term value. This will provide the TrustPad community with sustainable development, attracting a larger community for both $TPAD and the projects launched on the platform.
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