Service App
AUC Token

AUC Token

The AUC Token is used as the key utility token within the Advanced Project ecosystem, and is utilized for real-time payments, remittances, loans, staking, and fee payments. Until the proprietary mainnet is developed, the AUC Token will be used on the Ethereum network. The AUC mainnet will be launched in the future, as the circulation and trading functions of the AUC token stabilize. The existing ERC-20 based AUC token will be redistributed through a swap mechanism.

Acquisition and Utilization of AUC

  • Payment and remittance: AUC can be used as a means of payment and remittance between countries on TIER, one of the core services of the Advanced Project.

  • Reward: AUC can be used as a reward for users who use payment and remittance services through merchants or platforms that have partnered with the Advanced Project, or for participating in events.

  • Fees: AUC can be used as various fees (such as remittance fees and service subscriptions) within the AUC ecosystem service platform.

  • Participation: AUC can be earned through staking.

  • The Advanced Project has three types of staking services:

AUC Staking services

  1. Staking (Loan): This service connects users who stake AUC tokens and users who borrow, generating interest income.

  2. Staking (Investment): This service involves staking AUC tokens and investing with the AUC Foundation in startup companies that have been selected by the foundation.

  3. Staking (Discount): This service involves staking a certain amount of AUC tokens and providing different discount benefits based on the staking ratio.

  • DID authentication: When the AUC mainnet is launched in the future, users will be able to access the network using AUC tokens through the AUC mainnet's DPKI (Decentralized Public Key Infrastructure) and use features related to identity, such as creating and updating their own IDs.

en-Cash

en-Cash digital points are an off-chain system that AUC ecosystem participants can use in real-life situations. en-Cash is a network specialized in payment services and is built to interface with the ERC-20-based AUC network using a separate consensus algorithm, allowing for various communication methods between public networks and off-chain networks.

Furthermore, en-Cash can be used for payments or transactions like traditional currency by central governments, institutions, and companies related to AUC. It can also be used for PG systems, virtual asset exchanges, pension payments, self-identification/authentication, O2O services, utility bill payments, fines, and overseas remittances.

en-Cash digital wallet cannot be installed or used on devices other than designated Android or iOS devices, and all communication is difficult to randomly generate data packets based on an asynchronous initial password using DUKPT (Derived Unique Key Per Transaction) encryption. Additionally, the app is designed with a sandbox structure to be protected against external data connections and can respond to forgery and tampering attempts.

Finally, all apps are designed to make it impossible to detect and execute on an OS that has been hacked by rooting the mobile OS.

The AUC digital asset has the following flow:

Previous5. AUC Digital AssetNextAUC Tokenomics

Last updated