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Autoria (AUT)

ICO

Last updated: Apr 20, 2019

An automatic mining Ethereum smart contract and the currency used by Autoria’s core applications and services

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Overview

Project industry	Mining
Whitepaper	Open

Technical details

AUT (Autorium) is an ERC20 compatible automatic mining Ethereum smart contract built on the Ethereum blockchain. Mining Wells are immutable and transparently stored in the currency’s smart contract. Automatic mining utilizes a mathematical formula to dictate the rate at which AUT is mined from Mining Wells. This formula is a function of the Ethereum Blockchain and is designed to be supply-curve fit to the demand Autoria expects during the adoption of our decentralized applications.

What is Autoria

Automatic selfmining technology which allows for a completely transparent and fair token distribution model and effortlessly produces liquidity
Autorium will take approximately 1 year to mine until completion. At mining completion, the number of tokens available will be a function of mining wells sold during the 3 week crowdsale
Novel proof of stake token distribution method which prevents token dumping, rewards investors, and prevents hoarding of token generating assets

Token info

Ticker: AUT
Accepted currencies: ETH
Token distribution:
1% or 1,000,000 AUT has been reserved for the distribution amongst early Autoria supporters and our developers. The maximum cap is set at $11.000.000

Autoria Roadmap

1. Initial Distribution

Autorium token aquifers will be distributed during the Mining Well registration period. Collectors who contribute during the collection period will be permanently registered as AUT generating Mining Wells. Additionally, collectors will be able to withdraw AUT immediately and experience Automatic Mining firsthand.

2. Liquidity

Automatic mining will occur rapidly during the first phase of growth to ensure liquidity. 10,000 App downloads will result in 1% AUT distribution to collectors (you!).

3. Decentralized Applications

Autorias Prediction Market and Autoria Casino Games will be released on all platforms. Our prediction market will allow users to bet on the direction of binary news events. Our provably fair casino games will include a lottery, russian roulette, dice, and more. These provably fair applications will allow users to win AUT whenever and wherever they are. 100,000 app downloads will result in a 2% AUT bonus distribution to AUT Mining Wells (collectors only).

4. Deliver Core Services

Autorias core services aim to disrupt the $7 trillion merchant services and payments industry. Large national merchants are already being pushed to their limits due to low margins and burdensome processing technology. Our technology-driven "Point-of-Sale" solutions will increase efficiency while simultaneously lowering the barrier for all parties. 1,000,000 downloads of our merchant services app will result in a 3% AUT bonus distribution to AUT Mining Wells (collectors only).

5. Sustained Growth

Autorias automatic mining system provides the best foundation for Autorias long term development. Our free applications will reward users for using AUT and allow us to drive growth through strategic development, not centralization. Continued developer engagement will continuously improve our technology and sustain long term growth for all collectors. Reaching 10,000,000 games played results in a 5% AUT bonus distribution to AUT Mining Wells (collectors only).