First off, why tokens?
The Authtrail platform works as a bridge between blockchain technology and enterprise users with extensive databases.
Authtrail clients can protect enterprise data with integrity and leverage its easy sharing and verification. For that, they use Authtrail functionalities of data hashing and data anchoring on the blockchain network.
These functions are performed as transactions on the blockchain, and as such, require fuel to be executed. This is where Authtrail tokens and credits come in.
Authtrail anchor credits
Authtrail anchor credits fuel the functions of hashing (sealing) and anchoring (registering) data on the blockchain.
One anchor credit is needed to anchor data to the blockchain every time the data sealing process is initiated.
Anchor credits can only be acquired by exchanging AUT tokens. The number of AUT tokens needed to purchase an anchor credit depends on the current market price of the AUT token in USD and the current price of one anchor credit in USD.
Authtrail AUT token
The AUT token is the Authtrail platform’s native utility token. It’s a fungible ERC-20 token, meaning each AUT token has the same value as every other AUT token.
Initially, the AUT tokens will be used to purchase anchor credits that fuel the Authtrail platform’s functionalities. As the platform evolves, they will provide additional utility features.
How do AUT tokens and anchor credits work together?
With AUT tokens, users purchase anchor credits to be used on the Authtrail platform for data sealing and verification.
The Authtrail platform does not take full payment in AUT tokens. Instead, it is designed for exponential growth with each new user.
The total token supply will be reduced by burning the already used AUT tokens, while the circulating supply will be reduced by locking the AUT tokens during the client’s retention period.
This means that the more applications get integrated into the platform and the more users utilize the platform functionalities, the fewer AUT tokens remain available and the higher the value of AUT tokens.
AUT tokens will be available for purchase soon. Follow our social media channels (links in footer) to stay in the loop with updates.
Before you participate in the project, make sure you have thoroughly read and understood the Legal Disclaimer.
How are AUT tokens distributed?
On the Authtrail platform, AUT tokens used to acquire anchor credits will be distributed automatically as follows:
- 25% of AUT tokens will be burned;
- 25% of AUT tokens will be used as payment on the Authtrail platform; and
- 50% of AUT tokens will be locked for the duration of that data anchoring retention period. After the retention period, the tokens will be unlocked and sent to Authtrail platform owners.
Please note that Authtrail may amend the distribution percentages above to support the project in achieving optimized operation.
Powering the use of blockchain in real economy
Detached from theories and speculations, the AUT token is designed to power the hands-on functionalities of data integrity within the Authtrail platform and to bring tangible benefits to enterprise users harnessing the potential of blockchain technology.
Join us in boosting the value of data integrity in the real economy and keep up with Authtrail updates in our Telegram group.