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ACT is a decentralized funding platform for Activism and Social Good

It is supported by the ACT Foundation a Swiss non-profit whose purpose is the promotion of donation-led support that improves the extent and capability of citizens to hold the state accountable and make it responsive to their needs.

The Platform has its own publicly tradable crypto-token called CE7 that proposal curators hold. Curators are rewarded with a percentage of Platform revenues. To vote on proposals using the ACT App, you need to buy ACT. This is also a crypto-token purchased with Ethereum on the ACT App. It is not publicly tradable. The revenues from ACT purchases fund causes, support Platform development and promotion, and reward curators.


Proposals are submitted to the ACT Curation Engine where they are curated by ACT curators. Only activist proposals qualify for ACT funding and they are only funded if a quorum is reached during voting. Other proposals go directly to an Open Funding section of the App, a funding smart contract is created, and proposal-makers can crowdfund with links to their campaign page on the App.

The App Platform comprises two parts:

The ACT App | The ACT Curation Engine (ACE)

You can interact with the ACT prototype smart contracts on the Ethereum testnet using our basic Cordova Apps for testing purposes. iOS is on test-flight only and only available to our community of testers.

Do not send real ETH or CE7 to the testnet applications. You can obtain Rinkeby test Ether here.

Warmest regards,
Paul Walsh
Community Manager

ACT Foundation

ACT Foundation
Baarerstrasse 10
6302 Zug

ALMBank Platform To Improve Access To Crypto Labor

As the cryptocurrency market continues to expand, so too does the demand for labor serving that market. Unfortunately, platforms have not been available that allow people to find secure employment in the evolving cryptocurrency industry and to enable employers to find good, reliable talent.

ALMBank, an Ethereum-based platform that provides a barter backed labor pool, provides a solution to the demand for good employees in the fast-growing cryptocurrency industry.

In addition to offering new ways for finding and providing good labor, ALMBank supports a charitable culture by offering a forum for posting charitable enterprises in need of labor.

The founders envision ALMBank as a high-end, cryptocurrency job market focusing on helping startups, charitable enterprises and ICOs.

ALMBank has been designed to provide a higher standard for freelancing via the blockchain. The platform also will help freelancers develop higher standards of cultural innovation.

Labor Organization Needed

The industry’s growth has resulted in a large number of freelancers with cryptocurrency skills. However, outside of Reddit and other forums, none of this labor is organized.

ALMBank will save people coming into the industry from being forced to use inefficient forums and message boards.

Existing employee marketplace platforms currently charge high fees for both employers and employees. This system results in poor matches for the workers. None of the platforms operate on a labor backed currency to provide a sustainable demand and drive for an efficient labor barter system.

ALMBank will offer employers a flat rate, one-time hiring fee system as opposed to the existing 20% headhunter model that has sapped hiring budgets.

Employers will barter with freelancers for their services or pay them in ALM tokens.

There will be no membership fees to join the platform, only service fees for those fulfilling paid tasks. The platform will charge employers a 3% to 9% fee for administrative costs.

All ALMBank transactions will occur immediately, and no one monitors employee/employer exchanges. The platform will also offer offsite, third-party escrow for larger transactions, taking responsibility for payment delivery.

The platform will take measures to ensure fairness for investors such as providing historical and current data.

Focus On Charitable Enterprises

ALMBank will allow people to post charitable projects that are needed. Others will be able to apply to complete these charitable projects.

The charitable portion will be paid for by a 50/50 split of fees generated by the profit side of the platform. Half of the fee goes back as a charitable reinvestment, while the other half is used for covering business expenses like salaries, maintenance and growth.

The platform will also provide continued training via YouTube and personal development programs.

Platform users will own 5% of the platform, with tokens paid out on an annual basis based on usage at the given time.

Hard Assets To Provide Platform Stability

ALMBank will back 30% of the platform with funds raised by gold, silver and fiat to ensure stability. A monthly ledger will verify the deposits via Skype and Facebook or public keys on the ALMBank website.

The pre-ICO has been extended to Feb. 27.

The ICO will start on Feb. 27, then run for 30 days. The price will be 1,000 AALM equaling 1 ETH, without bonuses.

During the ICO, there will be time bonuses for early payments, bulk purchase bonuses and referral bonuses for both the referrer and the person referred.

There is a 99.999 million token cap, although the number of tokens raised in the crowdsale and presale combined will account for no more than 30% of the total number of tokens. Additional tokens will be sold at the platform’s launch.

The time bonus will be 15% at the start of the ICO, decreasing to zero at the end of the ICO.

The token contract will be based on the OpenZeppelin library.

DEVELOPMENT UPDATE: Unboxing the new LEND utility and fee structure

The Ethereum network is the backbone of the various ERC-20 digital tokens. All of these digital tokens have something in common by way of market capitalization defined by supply and demand.

The Ethereum network currently has a total of 120 billion USD in market capitalisation. The following ERC-20 tokens are major value holders with EOS holding 9 billion USD, TRON 4 billion USD, ICON and QTUM with an equal 3 billion USD market capitalisation. Following this, there are at least over 200 other liquid ERC-20 based tokens currently being exchanged, amounting to billions of USD in market value.

ETHLend provides the capability for the blockchain world to unlock the liquidity of these aforementioned ERC-20 digital tokens (with Ethereum itself soon to be ETHLend capable). Practically, any ERC-20 token holder who does not want to sell (close the position) their tokens can pledge these tokens to receive Ethereum for other investments or to finance any goal.

LEND to become the blockchain lending currency

From the Release of the Alpha 0.2 on the 15th December 2017, the ETHLend dapp has exceeded 2.5 million USD in lending volume with approximate of 8.5% interest rate per loan (212 500 USD as interest collected by the lenders so far) and an average loan size of 4.79 ETH.

Today, the medium of exchange (the lending currency) used is Ethereum, which means that ETH cannot be pledged to receive an ETH loan. The ETHLend team is about to disrupt the whole finance world by creating a completely new standard and allowing the LEND token to become the actual lending currency. This will enable the LEND token to grow into a dominant lending currency and used as the medium of exchange for all lending transactions within the ETHLend platform.

By using LEND as the medium of exchange, all loans on the ETHLend platform would be handled in LEND tokens instead of Ethereum. The result is that LEND will become ** the main utility ** that is used for lending and borrowing within the Ethereum network. This will allow all ETH and ERC20 token holders the ability to unlock billions of dollars’ worth of liquidity. ETHLend will do the same with Bitcoin in the near future.

On January 25th the ETHLend team announced their revised list of accepted tokens. The list has been selected carefully and contains 130 tokens in total which can be used as collateral on the decentralized platform. The ETHLend team has extensively researched the market and compared this with reputable websites such as coinmarketcap. The list calculated to a total of 52 billion USD in market cap, with Ethereum market cap itself currently on 120 billion USD. If just 1% of this were used as a collateral for loans on The ETHLend platform, this would mean that over 1,7 billion USD worth of LEND would be consumed for the lending activity, this would amount to over 10 billion USD in LEND at the current USD rate (Over 8x total supply of LEND).

With the LEND token becoming THE lending currency, this would mean that before a lender enters the lending market, they must first purchase LEND (or have LEND already). When the borrower repays the loan, the borrower pays back the lending capital (LEND) and the premium as the interest, which will also consist of LEND.

The ETHLend team believes that with LEND being THE lending currency, this would provide more opportunities for both the project and the LEND token to grow. There might be a drawback that the borrower would need to convert LEND to other currencies first, such as ETH or BTC depending on the needs. However, this creates more opportunities for ETHLend to create more gateways such as partnering with credit card providers to allow spending LEND in real life or the user to convert LEND to ETH or to any other cryptocurrency by using specially designed protocols.

Switching to LEND does not mean that ETH would disappear from our decentralized lending platform. During Q4 2018 ETHLend will deploy the feature to borrow tokens and later on ETH will be used as a collateral to allow the unlocking of over 120 billion USD in liquidity. ETHLend will allow borrowing with Ethereum until the end of Q1 2018. This creates enough time to get the base lending traction and user base ready before switching over to LEND token. The timing is perfect.

We would like to thank our community members for proposing the new utility and special thanks credit goes to William LeGate.


– During Q2 when we expect the monthly lending volume to be around 5 000–10 000 ETH (5 000 000–10 000 000 USD) plus the premium (currently around 8,5%) switching to LEND will result in more demand and usage of the LEND token.

– By switching to LEND as the medium of exchange, this means that unlocking any ERC-20 token and even ETH liquidity is done with the use of LEND tokens. LEND becomes the major tool of collateral based lending.

– When LEND is the medium of exchange, ETH can be used as a collateral, unlocking 120 billion USD in liquidity.

– If just 10% of the current ETH and ERC-20 token market capitalisation were to be unlocked with the use of LEND, The LEND market capitalisation would become one the most important tokens on the Ethereum network.


– Borrowers would need to convert to other currencies and tokens depending on their needs. ETH has more gateways and pairs currently than LEND. The ETHLend team will work to provide more gateways for conversion or spending LEND in real life, such as partnering with credit card providers and exchanges or using protocols to convert LEND to ETH or BTC.

– Lenders would make profit in LEND. This should not be a concern seeing as most of the lenders are in fact both the early stage adopters of LEND token and the decentralized application. There is currently no shortage of lenders. Moreover, LEND could be easily converted to ETH if that is the aim of the lender.

– Institutional users will prefer Ethereum. It is well known that Ethereum is one of the most wide spread cryptocurrencies in the blockhain sphere. However, the aim of Ethereum is to act as the transaction fees to use the protocol (gas) and was never designed to be a cryptocurrency in the first place. Therefore, ETHLend believe that when we are able to provide decentralized lending and the ability to unlock the liquidity within Ethereum and all the various ERC-20 tokens, which amount to hundreds of billions of USD, LEND token is destined to become the main choice for finance in the cryptocurrency world.

Introducing the new fee structure

1. Remove old fees (Q1 2018)

a. Borrower deployment fee

b. Lender funding fee

2. LEND to become lending currency on Ethereum network (Q2 2018)

a. Using LEND as the lending currency on the DAPP and the Ethereum network

b. Removes the debates on security and utility

c. Creates more demand and use for the currency

3. Borrower Fee and Discount (Q2 2018)

a. 0.5% of the collateral tokens is sent to ETHLend

b. Discounted to 0.25% If the collateral is LEND

c. Collected upon repayment or default

4. Lender Fee — LEND as an interest rate (Q2 2018)

a. Premium is repaid in LEND

i. ETHLend collects 10% of the premium

ii. The discount is reduced to 5% in case LEND is pledged

5. LTV (loan-to-value) Boost to 70% for LEND token (Q2 2018)

a. Borrower can borrow up to 65% of the collateral value

b. By pledging LEND, borrower can borrow up to 70% of the collateral value

6. Collateral refilling with LEND token

a. LEND can be used to defends a collateral call by sending LEND to the loan smart contract

7. Preview Feature (Q2 2018)

a. New loan is completely public for funding after 60 minutes when tokens are sent and the state is set to waiting for lender

b. Lenders who purchase the preview feature will see the loans 60 minutes before the loan is broadcasted to the public

c. Cost → 500 LEND for 30 days

8. Featured loans (Q2 2018)

a. Loans will be featured on the front page, which can be only paid with LEND

i. Cost → 250 LEND for featuring 24 hours

9. Late penalty fee reduction (Q2 2018)

a. 5% of the installment amount is charged as a penalty fee

i. 2.5% will be sent to the lender

ii. 2.5% will be sent to ETHLend

b. LEND is used as a collateral

. the penalty fee is reduced to 2.5%, which sent to the lender fully

10. Rewarding active borrowers and lenders with airdrop (Q1 2018)

a. Allocation: 20% of the collected fees

b. Use: Rewarding active borrowers and lenders

c. Half (50%) is allocated to active borrowers based on volume

d. Half (50%) is allocated to active lenders based on volume

e. Rewards can be claimed 30 days after the Q ends

f. ETHLend reserves the right to make changes to the reward plan to ensure fair distribution of rewards to users.

11. Rewarding introducers (Q2 2018)

a. Allocation: 5% of the collected fees

b. Use: Rewarding introducers to ETHLend DAPP

c. Details shall be defined when upon launching the program on Q2 2018

d. ETHLend reserves the right to change the allocation based on volume

12. Protocol Voting Portal (Voting on Suggestions) (Q1 2019)

a. You will be part of the decision making on the protocol level

b. 1 LEND token equals 1 vote

c. Protocol Voting Portal will be launched latest on Q1 2019

d. One example of Voting is the possibility to vote for new potential additions to the collateral tokens list.

The ETHLend team starts the development work on the new LEND utility and fee structure as of today to provide the new experience as soon as possible. Moreover, the next version (Alpha 0.2.1) will have bug fixes and new features such as faster browsing, collateral calling, loan filtering and my loans. More details on the Alpha 0.2.1 release announcement on the upcoming week.

Do you have a token portfolio and need to unlock some of that liquidity you have lying around in your tokens?
Place a loan request by installing Metamask and browsing to the decentralized application. Press help for instructions or chat with us.

Join here our 17.5 K Telegram group to discuss more.

Stay tuned and to keep up with updates join here the new Announcement channel on Telegram.