Globally, life expectancy has grown and people are not saving enough to meet their retirement needs.
Pension fund frauds, scams or bankruptcy imposes insurmountable pressure on pension funds across the world.
Therefore, a group of blockchain enthusiasts from Brazil, with backgrounds in pension funds, investments and software engineering having more than 10 years experience in their respective fields, decided to eliminate, or at least to reduce, common problems such as corporate governance issues, corruption, fraud, bribery and bureaucracy, as well as lowering operational costs and creates a unified platform for pension funds, with the use of blockchain technology, Auctus.
The Auctus Project will be a revolutionary project for the industry of pension funds and annuities industry, through its ability to manage operations with more transparency, lower costs and easier auditing/control.
Auctus’ Smart Contract Solution, bring pension funds to the Ethereum blockchain technology, with its advantages of the transparency and efficiency and will improve the retirement income, the family succession planning, the transferring funds and other pension fund issues.
The Auctus blockchain-based pension fund solution, founded on the Ethereum’s network has many advantages:
better corporate governance; automated contribution collection and pension payouts; cost transparency; information transparency; immunity against fraud; control of actuarial assumptions; secured and cost-efficient data management and tokenization, leading to further reduction of operational costs.
The fees and the commissions will be uniquely paid in Auctus Tokens (AUC), making the token an integral part of the Auctus Platform.
The team behind Auctus:
- Felipe Silveira, Lead Developer;
- Raphael Schmid Vantroost, Advisory, and Partnerships;
- Guilherme Gusman Brandão, Front-End Engineer;
- Vinicius Melo, Strategy Business Development;
- Ariny Guedes, Lead Ethereum Engineer;
- Daniel Duarte Figueiredo, Senior Software Engineer;
- Thiago Araújo, Senior Software Engineer;
- Daniel Vitorino, Senior Software Engineer;
- Samir Taiar, Brand & Interaction Design;
- Ludmila Lopes, Marketing & Community Manager;
- Yule Andrade, Communications Development;
- Daniel Boaventura, Operations.
The Token pre-sale phase will start on the 3rd of October 2017 and the end date is the 6th of October 2017.
The payment method during the pre-sale and the Initial Coin Offering (ICO) period will be Ethereum (ETH).
The Token price, in the pre-sale period will, be 2500 AUC per 1 ETH.
The ICO fundraising phase will be from the 14th of November, until the 28th of November 2017, or when the maximum cap is reached. During ICO, the Token price will be 2000 AUC per 1 ETH.
AUCTUS IS THE FUTURE OF PENSION MARKETS.
LINKS:
THE OFFICIAL WEBSITE: https://auctus.org/
THE WHITEPAPER: https://dl.auctus.org/Auctus_Whitepaper.pdf
TWITTER: https://twitter.com/AuctusProject
GITHUB: https://github.com/AuctusProject
FACEBOOK: https://www.facebook.com/AuctusProject/
TELEGRAM: http://t.me/auctusproject