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#Finance, #Blockchain All projects

Auctus: Smart contract powered retirement plans

The world's first retirement plan platform with traditional and cryptocurrency assets

stage Ended crowdsale

4.3 Rating

by 10 users


    KPLs

    • Employees12

    Team

    12
    man Felipe Silveira

    LEAD DEVELOPER

    Felipe has more than 12 years of software development experience. He brings along more than 7 years experience as Operations Manager and Partner at DTI Digital.

    Within seven years, they grew DTI Digital to a nationwide IT consulting and development enterprise with more than 150 employees. Prior to DTI Digital, Felipe was a Software Developer at Accenture, responsible for a larger team of developers.

    He holds a BSc in Engineering and a postgraduate degree in Interaction Design. He is leading the development of the Auctus Platform and is responsible for general management decisions.

    man Raphael Vantroost

    ADVISORY AND PARTNERSHIPS

    Raphael brings along 12 years of financial services experience. He has successfully held various strategy and M&A positions at UBS Investment Bank in Zurich, Deutsche Bank in London and Noor Advisors in Geneva and Dubai.

    He founded Swissline Real Estate in 2012 and holds a portfolio of more than 70 units. Raphael is fluent in 5 languages.

    He studied Economics at Basel and Yale University and holds an Executive MBA from INSEAD. At Auctus, Raphael is responsible for international relations and strategic partnerships.

    man Guilherme Gusman

    FRONT-END ENGINEER

    Guilherme has more than 10 years of software development experience. He is a co-founder and CTO of LG7.
    Holding a BSc in Engineering he started his career as a software engineer at DTI Digital and went on founding Livobooks. With his current partner at LG7, Guilherme started another business called ‘VG Resíduos’, a waste management software that reduces environmental impact, lowers the risk to be sanctioned and ultimately saves costs.
    At Auctus, he was chosen as the brain behind our platform, ensuring that our users have a smooth experience managing their funds.

    man Vinicius Melo

    STRATEGY

    Vinicius is an Investment Analyst at one of Brazil's main pension funds (FUNPRESP-JUD).
    He is a certified professional by the Certification Institute of Social Security Professionals (ICSS), mandatory for Executive, Supervisory and Governing Board members, as well as for investment committee members and other pension fund employees directly responsible for investing benefit plans’ guaranteeing resources.
    At Auctus, Vinicius is identifying constraints and possible future issues and subsequently proposes suitable solutions.

    man Ariny Guedes

    LEAD ETHEREUM ENGINEER

    Ariny brings more than 6 years of experience as Senior Software Engineer at DTI Digital.

    He is an expert in C#, Java, C++ and Ethereum Blockchain. He holds a BSc in Control and Automation Engineering. Ariny is our most productive developer and can virtually program anything. He works relentlessly until a project is completed.

    He is responsible for defining the structure of the Ethereum blockchain layer of the platform and is our main programmer.


    Advisors

    4
    man Martijn van Eck

    PENSION FINTECH ADVISOR

    Martijn van Eck is Head of PensionTech at Holland FinTech, a global marketplace for industry stakeholders to come together, as well as a former co-founder of Symetrics, a European FinTech 50 actuarial and risk analytics company. Furthermore, he is a frequent speaker, as well as a renowned start-up trainer, mentor and coach.

    He holds a B.A. from Hogeschool van Arnhem en Nijmegen, Netherlands.

    Martijn’s entrepreneurial track record, retirement tech experience and passion to bring the fintech industry together, are key qualities that will help Auctus to reach the next level.

    man Steven Clark

    FINANCIAL ADVISOR

    Steven is an Associate Professor of Finance at UNC Charlotte where he conducts research in the areas of mathematical finance, derivative securities, asset pricing, and financial econometrics and a Partner at Horizon Investments.

    He has a Ph.D. in Mathematical Sciences and a Ph.D. in Applied Economics, both from Clemson University.

    Steven will support Auctus in general management questions, with focus on implementation of robo-advisory technology, analytics and financial product offering.

    man Eric Paley

    PENSION LEGAL ADVISOR

    Eric Paley is a Partner and member of the Employee Benefits team at Nixon Peabody LLP, a global law firm, with more than 650 attorneys collaborating across major practice areas in the U.S., Europe and Asia.

    He holds a B.A. from Cornell University and a J.D. from Syracuse University College of Law.

    Eric will assist Auctus in legal compliance, implementation feedback, as well as further establish our footprint within the retirement industry.

    man Adam Greetis

    PENSION LEGAL ADVISOR

    Adam is a Partner at Seyfarth Shaw LLP, an international law firm with more than 900 attorneys in the U.S. and around the world. He has considerable experience advising organizations on legal issues, including ERISA and Internal Revenue Code compliance.

    He holds a B.A. from the University of Illinois at Urbana-Campaign and a J.D. from Chicago-Kent College of Law, Illinois Institute of Technology.

    Adam will support Auctus with market feedback, as well as advise how to roll out the business globally from a legal and compliance perspective.





    Crowdsale details

    Distribution of tokens
    • Crowdsale (51%)
    • Auctus Core Team (20%)
    • Reserve for Future Stakeholders (18%)
    • Partnerships and Advisory (9%)
    • Bounties (2%)
    Budget allocation
    • Product development (42%)
    • Other expenses (12%)
    • Communication and Marketing (18%)
    • Business development (28%)
    Details Indicators
    Token Symbol AUC
    Full Token Name AUC token
    Crowdsale Start March 27th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or March 31st, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $20000000
    Crowdsale Soft Cap Yes, $3000000
    Domain registration date 2017-07-04
    Domain owner On behalf of auctus.org owner, Whois Privacy Service, P.O. Box 81226, Seattle, WA, UNITED STATES

    Cost of the token

    2000 tokens for 1 eth

    Price without discounts

    Accepted currency

    • Ethereum


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    Token economy, Tokenization & Business model

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    Summary rate the project

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    Rate the project by other users

    10
    Phil Zander April 04, 2018
    Rating of project
    4.5

    Advantages

    Risks and disadvantages

    Comments

    Xiuli Wang April 04, 2018
    Rating of project
    4.5

    Advantages

    Risks and disadvantages

    Comments

    Lisa Dominguez April 04, 2018
    Rating of project
    4.2

    Advantages

    Risks and disadvantages

    Comments

    Natsumi Iwata April 04, 2018
    Rating of project
    4.5

    Advantages

    Risks and disadvantages

    Comments

    Andrew Robinson April 03, 2018
    Rating of project
    4.2

    Advantages

    This project helps users to control pension accumulations themselves, transparency of blockchain technology provides additional security. The advantage of the project is that the project team with many years of experience, developed a real road map, acceptable cost of tokens, there is a growing interest in the project.

    Risks and disadvantages

    Since the project accepts only one crypto currency, it can limit its potential growth of the project.

    Comments

    The traditional pension system will become irrelevant with the advent of technology blockchain. I think if the team of the project is able to cope with this task qualitatively, then the project will be successful.

    Jung Choi March 30, 2018
    Rating of project
    4.0

    Advantages

    Risks and disadvantages

    Comments

    Jordan Semanda March 30, 2018
    Rating of project
    4.0

    Advantages

    The platform provides for effective preparation of retirement by those coming out of the employment circles it provides a platform to offer advice to retired people that need it. The project offers effective advice and saves the users from paying for irrelevant advice from inefective advisers . It also allows the retired people to plan for their retirement effectively. The users information and retirement package is secured on he blockchain with limited access to the user only. the project has a team of researchers that provide effective advise to the users

    Risks and disadvantages

    The project might be limited to growth is only a specified region. The ads from the traffic statistics are critically low which will affect the potential growth. Acceptance of one cryptocurrency will affect the potential market size.

    Comments

    The centralized system is not effective and gets a lot of commissions from individual retirement packages it also doesn't provide relevant advice to the to the people these irregularities are solved by this platform and with the big numbers of employed people many will take up this effective way of effectively planning for their retirement. The project has no apparent competition therefor should take up the opportunity to acquire a large market size ad establish customer loyalty because with the rate o increase of ICO projects competition might arise.

    Ladislava Chernik March 27, 2018
    Rating of project
    4.5

    Advantages

    More and more often in the media, we see news that a particular bank want to test the blockchain technology in pension funds. So we can say with confidence about fierce competition in the future, but for а while the Auctus project is seen at the forefront.
    Taking into account pre ISO, closed in 11 hours with a boom - there is undoubtedly an interest to this project in community.

    Risks and disadvantages

    It’s an ICO, it’s a retirement plan, it’s an investment platform with mixed assets. Of course it is risky!

    Comments

    As I see it, the value of an idea is not in combination of traditional and crypto assets in a portfolio. This topic is not just new. What is more interesting - the possibility of transparency in managing your own retirement plan and investment portfolio. A smart contract of Auсtos and the use of blockchan can provide this transparency.

    Denys Serhiichuk March 27, 2018
    Rating of project
    3.8

    Advantages

    From now people won't reply only on governments. Thanks to Auctus, they will be able to save money by themselves before retirement, investing in different assets.

    Risks and disadvantages

    The following project is not unique in its field. Brickblock has the similar idea. In addition, creating investment portfolios requires jurisdiction in the country where the process is done. This can cause troubles if some country bans such activity.

    Comments

    Focusing on the product, we can say that it is quite in demand, due to the large turbulence in the market. Planning as a whole is an inseparable component of confidence in the future.

    Veronika Arbisman March 23, 2018
    Rating of project
    4.5

    Advantages

    Provides access to a global investment platform, information needed to take well informed decisions, data and fee transparency, validation of advice. Users will be able to consolidate all their different savings in one platform. Allows users to focus on the overall risk/return characteristics. Platform is set up with the purpose of long term saving and payout.

    Risks and disadvantages

    High competition in the field as market players noticed high interest in the question.

    Comments

    With the problem of aging population soon there going to be plenty of users for such platforms, as more and more people would like to be in control of their retirement savings. Positioning in a unique way and impressive curve of traffic statistics says that this platform is having good long-term perspectives.

    See more reviews

    FAQ

    About Auctus

    What is Auctus?

    Auctus is the world's first blockchain based retirement plan platform, which allows users to create diversified portfolios, consisting of traditional asset classes and cryptocurrencies.

    Auctus'​ mission is to empower the retirement saver and provide the information needed to take well informed decisions by utilizing Ethereum smart contracts and robo advisory.

    What’s the meaning behind the ‘Auctus’ name?

    Auctus is latin and means growth. We believe that blockchain and smart contracts can enhance the retirement market, allowing retirement plans to grow faster and pension savers to reach their goals earlier.

    Where is Auctus based?

    Auctus’ administration is based in Zurich, Switzerland. The development team and part of the management is based in Belo Horizonte, Brazil, where Auctus was founded.

    What problem does Auctus solve?

    Across the globe, individuals and governments face the reality that people are not saving enough to meet their retirement needs. A combination of slow global economic growth, volatile markets, record low yields and an aging population imposes insurmountable pressure on retirement plans across the world.

    Retirement savers are not in control of their retirement plans and are not able to choose asset allocation. In addition, they are usually paying high costs with no fee transparency and are inadequately informed. Blockchain technology and smart contracts can increase transparency and automation and allow savers to reach their goals using a global platform where they can get tailor-made recommendations and all the tools needed.

    Auctus Token (AUC)

    How the Auctus token (AUC) works?

    The fundamental role of the AUC Token is to provide a result-oriented, transparent and low fee structure, aligning the interest of human and robo advisors with savers’ goals and ensuring transparency.

    Every user will need to hold a certain amount of AUC token in escrow to access the platform and all services on the marketplace - such as specialized newsletters, live chat, alerts/plugins - will be offered and paid in AUC token.

    AUC Tokens stay in a trustless escrow and fees are paid only if the returns meet the predictions, as well as the fluctuations (volatility) do not exceed tolerated levels of risk.

    Token Launch and Usage of Raised Funds

    What is the hard cap?

    The hard cap is USD 20 million and includes amounts raised from strategic investors and pre-sale.

    What is the total supply of AUC tokens?

    The total supply of AUC tokens depends on the price of Ether prior to the token sale. As our hard cap is USD 20 million and 51% of all tokens will be distributed to the public, the exact number of tokens will be determined shortly prior to start of token sale.

    Did Auctus had a pre-sale prior to Main Token Sale?

    Pre-sale was held from Oct 3rd to Oct 7th, 2017. Here are some stats about our pre-sale:

    958.9 ETH raised
    Individual cap was set at 10 ETH
    Soft cap of 400 ETH raised within 10h 56m only
    272 valid transactions completed
    254 distinct addresses
    An average of 3.52 ETH per participant
    Min cap surpassed by 240%

    When will be the public token sale?

    Main Token Sale is schedule to happen on the first quarter of 2018.

    When should I claim AUC acquired in pre-sale?

    Pre-sale participants will be able to convert pre-sale tokens with the corresponding Main Token Sale smart contract function, as soon as the Main Token Sale smart contract is deployed. Detailed pre-sale token migration instructions will be made available on the Main Token Sale page: https://auctus.org

    Which cryptocurrencies will be accepted in the fund raising?

    Only ETH will be accepted.

    Will it be possible to issue more tokens after the initial distribution?

    No. All AUC tokens will be minted in the initial distribution.

    Will there be a lockup period for AUC tokens sold in the token launch?

    No, after distribution is over, AUC tokens allocated to public distribution will be available for transfer.

    What will be the initial distribution of AUC tokens?

    51% of all tokens will be distributed during pre-sale and Main Token Sale to public contributors.
    20% of AUC created will be allocated to Auctus’ Core Team: founders, early backers and the development team, for a long term alignment of interests.
    18% of tokens will be reserved for future stakeholders, to allow for possible capital raises in the future and will be locked via smart contract for 12 months after initial distribution.
    9% of tokens are allocated for pre-sale partners and advisors.
    2% of tokens are allocated for bounty campaigns to help us spread the word about Auctus. Those tokens will have the same rules as those allocated to public contributors.

    Will there be a lockup period for tokens allocated to the founding team, partners and advisors?

    AUC tokens allocated to Auctus’ Core Team will not be immediately tradable. They will have 2 years vesting with a 6-month cliff. This means every 6 months, 25% of those tokens will mature . Tokens allocated to partners and advisors will have 6-month vesting with 3-month cliff. The vesting rules will be enforced via smart contracts.

    Team

    How can I get involved?

    You can join our Telegram.


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