Access (ACX) Network empowers the underserved to govern their own financial future by directing incentives towards the developments they want to use.
After launch, Access will be able to have real-world use by integrating with Atlas Money, a P2P agency banking platform in West Africa, with over 300 agents that visit members of their community daily to provide financial services. Atlas has over 17,000 users, who have deposited over $1.5M onto their platform and taken over 3,000 loans, with next to zero defaults. By tapping into the existing branchless infrastructure of Atlas’ Agent network, Access can find a strong base for initial participation.
ACX Network is an incentivized token economy controlled by network participants. A substantial portion of all Access Coin (“ACX”) is minted over time through a smart contract that is distributed by Decision-Making Modules voted on by the Network. ACX Network will vote on the first Decision-Making Module after the token launch, with the Access Team proposing a Polling Module to reward developers who build applications requested by the Network. ACX is used to process all transactions and votes in the Network and will also be used to interact with any DApps utilizing the ACX ecosystem.
A cornerstone of the ACX Network is its self-amending governance contract that allows for adaptability over time. ACX Network will strive for equitable weighing of votes so that all users may be heard. The Access team will soon deploy liquid democracy so delegate voting can occur across the network, lowering the barrier for participation for all users with feature phones. Liquid democracy will empower the existing communal structures of West Africa, celebrating their innately decentralized and cooperative natures.
The Network controls the distribution and direction of the Incentive Pool through Decision-Making Modules. Decision-Making Modules and their functions are voted on using the Governance Protocol. DApps and other off-chain services can interact with the Network. All interactions with these various smart contracts and any off-chain applications are powered by ACX.
Access’ proposed Polling Module will address real-world problems and practical needs by distributing incentives through a democratic, user-driven voting process that is clearly defined. All ACX holders are given the ability to participate in the voting process.
A user creates a poll on the network to put forth a problem that they believe needs to be solved.
Users vote to determine if the problem is one that should be addressed by the network. If enough people participate, the problem is put forth to the network for solutions.
Developers put forth solutions and users vote which solution should receive funding for development.
The solution with the most support from the network is developed and financially rewarded.
ACX Network democratizes financial and technological access by connecting the communities of developed and developing economies so they can co-create together.
Access provides developing world users with access to banking services and global economic trade, allowing them to join the digital economy and vote on the technologies they want to address their practical needs.
Access allows developers to tap into massive potential for new value creation by providing the infrastructure and incentives to create impactful solutions for developing-world users.
Access enables developed-world users to effectively participate in digital economic trade with a larger portion of the global population and vote on the evolution of financial access.
In addition to the developments voted on by the Network, the Access Team will work with both the cryptocommunity and local communities to explore development of the following products:
Techstars; Boost VC; Serial Entrepreneur; GW Law ‘12
Thiel Fellow; YC SC ‘12, CTO of Eligible; Serial Entrepreneur
Economist; Banking Exec; 4x Social Entrepreneur; Ex-Diplomat
Ghana Community Leader
Senegal Community Leader
Ghana Product Lead
Head of Product
Senegal Product Lead
No relation to the Access advisor.
Former Finance Minister, NZ; Board Member, Bank of China NZ
Botswana Government MP; Pan-African Parliament MP;
Inter-Parliamentary Union MP; Trade Economist
Serial Entrepreneur of African inspired brands; CEO Tiossan
Blockchain Capital; RBS;
Former CFO BGI (now BlackRock)
Computer Security Entrepreneur; Founder ResetSecurity; CryptoSeal (acquired by Cloudflare); HavenCo.; 1990s+ electronic cash aficionado
Join the ACX Network Newsletter to receive the latest updates and information about all things Access.