Access Network
Access Network
Token: ACX


Decentralized Bank for Unbanked

ICO dates
Start date:
End date: 2018-07-29

Registrated in: Undefined

Platform: Ethereum
Type: ERC20

PREMIUM ICO

Access Network categories
Platform
Access Network whitepaper
Video
Access Network token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries No
Tokens for sale 1,620,000,000
Token distribution in ICO
27%
27%
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Random whitepaper excerpts

Abstract
Communities in the developing world face pressing real world challenges but lack access to the finan-
cial and technological tools to improve their situation. Crypto-communities have pioneered disruptive
blockchain solutions but lack a user base eager enough to immediately make their innovations effective
in the real world. In this paper, we introduce the Access Network (ACX Network) as a means of aligning
the interests of these communities such that they may solve each other’s problems.
The ACX Network is a self-sustaining token economy that empowers participants to define financial
access for themselves. Participants are incentivized to create long-term value for one another by demo-
cratically controlling the distribution of the Network’s Incentive Pool. These interactions are enabled
by a modular suite of smart contracts that self-amend and distribute funds throughout the ecosystem
according to the will of the network. The ecosystem consists of five core layers:
1. ACX utility token ...

Contents
1 Problem Statement
4
1.1 Crypto Communities Need Access to the Underserved . . . . . . . . . . . . . . . . . . . . . . 4
1.2 The Underserved Need Access to Decentralized Technology . . . . . . . . . . . . . . . . . . . 4
2 Atlas Money Background
5
3 Access Background
6
4 The Access Ecosystem
8
4.1 ACX: The Access Token . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
4.2 The Governance Protocol: On-Chain Meta-Coordination . . . . . . . . . . . . . . . . . . . . . 9
4.3 The Incentive Pool . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
4.4 The Polling Module: On-Chain Coordination . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
4.4.1 Proposal Registry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
4.4.2 Resolution Registry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
4.5 Beyond the Protocol: Off-Chain Services . ....

1 Problem Statement
1.1 Crypto Communities Need Access to the Underserved
Ever since Bitcoin appeared following the financial crisis of 2008, crypto and blockchain enthusiasts have
been optimistic about the potential for blockchain technology to usher in an era of economic efficiency and
inclusivity. Yet, while a vanguard of technologists focus on designing distributed cryptosystems to empower
the people, 2 billion unbanked adults, that affect a total of nearly 6 billion lives are waiting on the sidelines.
For these people engagement is forestalled by the following:

Financially, a lack of local exchanges precludes individuals from ’buying in’ to crypto-networks

Technologically, the lack of smartphones and internet access precludes individuals from practically
utilizing crypto-network development and ’working in’ to the crypto economy.
For developed areas of the world where bank accounts and smartphones are ubiquitous, the problem is
reversed. Financial and technological b...

and limit users to domestic transfers.
Mobile phone penetration in West Africa currently stands at roughly 80%[5]. However, in countries like
Ghana, only 25% of people have a smartphone[6]. Smartphones and associated data plans can be pro-
hibitively expensive for an average consumer. Furthermore, most rural areas have no data coverage at all,
with LTE/4G only recently becoming available in select cities. In short, basic communications technology
is ubiquitous in the developing world but access to formal financial systems is not.
The synergies between these two groups are very clear. The underserved represent a massive,
diverse population with pressing economic and technological needs. Decentralized cryptosys-
tems, by their very nature, need a massive and diverse population to thrive at scale. They are
each the solution to each other’s problems. The only issue is access to each other.
2 Atlas Money Background
Atlas Money is a P2P branchless banking platform that allows anyone to become their own commu...

a trustless environment for end users. This is a common distribution process for mobile carriers when circu-
lating mobile money credit or airtime scratch-off cards, and a robust network of Super Agents and Agents
already exist. Atlas used the testnet of Bitcoin’s Blockchain to periodically publish a record of bulked trans-
actions, but as the price of bitcoin continued to rise, its blockchain became increasingly infeasible to use for
real-time transparent accounting of individual transactions.
Atlas grows and engages its operations by focusing on the existing communal fabrics of its markets. They
meet with chiefs, market leaders, and religious leaders to source new community agents and get feedback
on their product and services. They also host monthly gatherings in each region, with Agents, as well as
with user community groups such as market women that all sell plantains or fish. Places like Ghana and
Senegal have complex and strong decentralized networks of community for all aspects of life. By leveraging

In order to align interests among developing world users, developers, and developed world users, ACX will
be distributed through the Access Underserved Exchange (AUE), Incentive Pool, and a Token Generation
Event. Each component of this three-legged stool will provide a critical access point between the ACX token
economy and relevant stakeholders in the global economy. The AUE serves as a fiat/crypto exchange for
underserved populations in the developing world. Atlas Money will integrate the AUE into its mobile banking
platform to circulate ACX to customers while providing downside protection to eliminate volatility risk. The
Incentive Pool rewards participants who contribute to the Access ecosystem. Token holders will use trustless
decision-making procedures to decide which projects to fund and how to price them. Lastly, the Token
Generation Event will enable private contributors to join the network by purchasing tokens. These three
access points constitute the liquidity channels that will facilitate the adoption and...

4 The Access Ecosystem
Access aims to sustain a vibrant ecosystem of continually improving forms of financial access that is self-
governed and internally incentivized.
The core components of the Access Ecosystem are the amendable Governance Protocol and fixed Incen-
tive Pool. Upon reaching consensus at predefined intervals, network participants can use the Governance
Protocol to modify and replace the smart contracts that define their coordination procedures. This allows
for the creation of arbitrarily complex decision modules that regulate routine decision-making processes.
The Governance Protocol can also self-amend, meaning a consensus of network participants can modify the
rules for reaching consensus in the future. The Incentive Pool unlocks the network’s utility token, ACX,
at a predetermined, unchangeable rate. Although the Governance Protocol and its descendent modules
cannot alter the Incentive Pool itself (i.e. the unlocking rate), they can regulate the distribution of its
unlocked funds...


Lastly, ACX will be used as the medium of exchange and unit of account in the applications, markets,
and communities that are built around the network
There is an initial supply of 6 billion ACX, 1.62 billion of which are locked into the ACX Incentive Pool.
After the token generation event, the Incentive Pool will begin unlocking these tokens at a decreasing rate
to bootstrap the development of off-chain services. The unlocking rate will decrease each year until the
entire pool is available ten years later. From this point on, the Incentive Pool will mint new tokens at a rate
between 0% and 1% of total ACX supply based on the votes of token holders (
see Incentive Pool
).
4.2 The Governance Protocol: On-Chain Meta-Coordination
The Governance Protocol is a strictly defined set of rules for altering on-chain components of the ACX
Ecosystem. It is designed to future-proof the network over the long-term while allowing it to operate effec-
tively on a day-to-day basis. The procedure occu...

Access Network Roadmap

1
Q1 2018
Access Network and its Governance Protocol goes live on testnet.
2
Q2 2018

Token Generation Event.
Access Network and its Governance Protocol goes live on main net.
3
Q3 2018
Submitted Decision Making Modules will be voted on for adoption.
4
Q4 2018
The first decision-making module will go live on the Access Network mainnet.
5
Q1 2019

Access will continue to develop useful Dapps for the Network, above and beyond developments contributed through any decision-making modules.
Mickey Costa
Mickey Costa Co-founder, CEO

James Shuler
James Shuler Co-founder, CTO

Phyllis Yeboah
Phyllis Yeboah Ghana Community

Malick Gaye
Malick Gaye Senegal Community

Oladayo Oyelade
Oladayo Oyelade Senior Engineer

Ori Shimony
Ori Shimony Blockchain Engineer

Kwesi Asemanyi
Kwesi Asemanyi Ghana Product Lead

Ondrej David
Ondrej David Head of Product

Magatte Wade
Advisors Magatte Wade Advisor

Ifeyinwa Chinke
Ifeyinwa Chinke Project Manager

Joseph Sanni
Joseph Sanni Scrum Master

Emeka Onu
Emeka Onu Frontend Engineer

George Iwu
George Iwu Full-stack Engineer

Daniel Oduonye
Daniel Oduonye Backend Engineer

Samuel Ogundipe
Samuel Ogundipe Backend Engineer

Babasanya Craig
Babasanya Craig Backend Engineer

Ruth Richardson
Advisors Ruth Richardson Advisor

Bogolo Kenewendo
Advisors Bogolo Kenewendo Advisor

Alison Davis
Advisors Alison Davis Advisor

Ryan Lackey
Advisors Ryan Lackey Advisor

Joe Urgo
Advisors Joe Urgo Advisor

Shannon Wu
Advisors Shannon Wu Advisor

Yasmeen Drummond
Advisors Yasmeen Drummond Advisor

Alison Davis
Alison Davis
Advisor
Chairman of Advisory Board, Blockchain.capital
Ryan Lackey
Ryan Lackey
Advisor
Security Advisor
Founder, ResetSecurity
Joe Urgo
Joe Urgo
Advisor
Co-Founder district0x Founder Sourcerers
District0x
Co-Founder, Operations