Delegated Proof of Stake Blockchain Accumulate (ACME) Releases Governance Documentation

Miami / Florida, USA, July 8, 2022, Chainwire

Delegated Proof of Stake (DPoS) blockchain Accumulate Official Governance Document.. They detail the configuration of the network, its list of stakeholders, and the various rules and policies that govern both the protocol and the community. It also outlines the main role that ACME tokens play in protocol development.

Roughly speaking accumulate It combines traditional and innovative approaches to blockchain governance to achieve optimal decentralized decision-making while maintaining a solid vision and clear direction for communities and ecosystems.

The Accumulate Constitution needs to create a space where hundreds to thousands of participants can participate in protocol validation and a large group of decentralized participants can interact with the world of many decentralized and centralized entities. It is built on the belief that it is.

The core components of the Constitution include ACME tokens, workflows and committees, and stakeholders.

As outlined in the Governance documentation, the main properties of ACME tokens are:

• Hard limit of 500 million tokens.
• When the Accumrate mainnet is activated in the third quarter of 2022, there will be approximately 200 million ACMEs.
• The unissued token pool holds approximately 300 million ACMEs at activation.
• The protocol follows the Burn-and-Mint Equilibrium (BME) model. In this model, ACMEs burned to perform work on Accumulate are returned to the unissued token pool.
• The token budget is calculated approximately once a month using an annual mint rate of 16% for tokens in the unissued pool.
• Inflation is halved approximately every four years (greater utility as measured by ACME’s burn rate increases halved).
• Newly created tokens from unissued pools are mainly distributed to protocol validators and stackers.

Other topics covered in the Accumulate Governance document include the role of the committee selected by stackers and validators to manage critical workflows, and the definition of validator types. This latter category includes node validators for directory and block validator networks (protocols), data server validator, staking validator, NFT validator, and ACME stacker.

The grant system is also featured in governance documents designed to build on Accumulate and support projects that want to help expand the ecosystem.

The grant pool will initially be allocated 60 million ACME tokens and will be funded annually by a fixed amount of ACME tokens determined by the Governance Commission. When Accumulate moves to Proof of Stake, about 20% of unissued tokens will be allocated to the grant pool.

Ultimately, Accumulate’s governance process combines the best processes observed at DAO to coordinate community members while empowering stakeholders through committees and workflows to drive initiatives within their discipline. It aims to expand decision making.

For more information on Accumulate’s governance framework, visit: https://gitlab.com/accumulatenetwork/governance..

About Accumulate

The accumulate The protocol (Accumulate) is an identity-based delegation designed to enhance the digital economy through interoperability with the Layer 1 blockchain, integration with the enterprise technology stack, and interface with the World Wide Web. Proof of Stake (DPoS) blockchain. Accumulate is a security, scalability, and decentralized trilemma by implementing a chainchain architecture that treats digital IDs as their own independent blockchain with the ability to manage keys, tokens, data, and other identities. To avoid. The two-token system provides enterprise users with predictable costs and enterprise-class security for everyone by pinning all transactions to the Layer 1 blockchain.

contact address

Jay Smith, Vice President of Business Development

Inveniam DeFi Devs, [emailprotected]