Auditchain, the world’s first decentralized accounting, financial reporting, audit and analysis metaverse for assurance and disclosure announced that it’s presale has launched on Polygon.

The presale is the last phase of the sale of AUDT prior to its IDO on Trustpad on December 14. All interested parties must apply to be whitelisted.

Details of Presale

Hard Cap: 5,000,000 AUDT

Price: $.15

Distribution: 25%

Vesting: Equally per day for 365 days

Vesting Bonus: 13.33% of unclaimed vested AUDT on day 366

Polygon

Metamask is required to participate. Users must connect their Metamask using the Polygon RPC Codes.

All actors on the Auditchain Protocol may use the Polygon Bridge to move existing AUDT from Ethereum Mainnet to Polygon.

Click Here to cross the Polygon Bridge

AUDT Token Contract Address

The new contract address deployed on Polygon is 0x91c5A5488c0dEcde1Eacd8a4F10e0942fb925067

The contract address on Ethereum is 0xb90cb79b72eb10c39cbdf86e50b1c89f6a235f2e

Utility and Infrastructure

The heart of the Auditchain Protocol infrastructure features the Pacioli Node, a process control reasoning engine for computing financial state validation. Pacioli is used in an open decentralized environment to analyze the financial state of any publicly traded entity that files financial statements in global 50 jurisdictions.

The infrastructure is secured and provided through staking by accountants and non accountants. In addition, those who hold AUDT may delegate them to reputable node operators in the Auditchain Protocol and earn income.

Settlement

The AUDT token is used as the base currency within the Auditchain Protocol. Creators of Process Control NFTs submit them for validation and pay AUDT to settle ISAE 3402 audit obligations.

Each time the NFT is used, the creators and the validators who proved that they work correctly earn a royalty.

Governance

Robust governance on the Auditchain Protocol covers an array of proposals such as inflation, minimum number of validators to an external validation contract and admission of Process Control NFTs into the GAAP, IFRS and other financial reporting scheme libraries.

About Auditchain Labs AG

Auditchain Labs AG (https://auditchain.finance ) is leading the development of the world’s first decentralized accounting, audit, financial reporting and analysis virtual machine that automates and provides proof of assurance on the world’s business and financial information. Auditchain Labs AG is a founding member of the DCARPE Alliance Association and is leading the development of the Auditchain Protocol with other members of the Alliance.

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About DCARPE Alliance Association

The DCARPE Alliance Association is a global organisaton consisting of members of the accounting, audit, financial reporting, legal, blockchain, investment, standard setter and regulatory community. The purpose of the Alliance is to adopt standards, provide education, drive technology innovation and promote the adoption of continuous audit and real time digital financial reporting using the Auditchain Protocol.

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