Acent Whitepaper 2.0 Acent Whitepaper 2.0
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Your Earth DAO - Immersive Gamified Decentralized Metaweb
(Acent Whitepaper 2.0)

Acent White Paper 2.0

  • folder icon closed folder iconAbstract
  • folder icon closed folder iconWhat is the Metaweb and Why Do We Need It?
  • folder icon closed folder iconAcent Metaweb Tokenomics Overview
    • What is an EDAO token and how will it be used in the YED?
    • How can I obtain EDAO tokens?
    • What is a YED land spot and what is it used for?
    • What can you do with a SPOT of land in YED?
    • What is $ACE, and what will it be used for?
    • The Economic Structure of the YED Metaweb
  • folder icon closed folder iconVisualization of Business Models and Revenue Streams Within the New Immersive Acent MetaWeb Service
    • Business Revenue Models on the Metaweb
    • Meta-Citizen Revenue Models
    • Market Potential of Acent’s Decentralized Gamified Web
  • folder icon closed folder iconHow Acent Blockchain Technology will deliver a Decentralized Gamified Web
    • What is YED and its features?
    • 1. MRL (Metaverse Resource Locator)
    • 2. Meta-sites
    • 3. Decentralized Autonomous Organization (DAO)
    • 4. Establishment of a meta-application development culture
    • 5. Open-source
    • 6. Meta-Application Publishing
    • 7. High-end, immersive graphic experience
    • 8. Freedom to create and trade meta-assets and meta-commodities
  • folder icon closed folder iconTechnical Components of the Acent Metaweb Services
    • Acent Mainnet
    • Consensus
    • Ascended Tokens
    • Acent Meta Browser (Osiris Web 3.0)
    • Acent Metawallet
    • Acent Crypto Engine Interface (ACEI)
    • DAPPX
    • Acent DEX – “Acent Swap”
    • Acent as a Layer 1 Blockchain Solution for Immersive Web
  • folder icon closed folder iconAcent ($ACE) Cryptocurrency Allocation
  • folder icon closed folder iconAcent Roadmap 2.0
  • folder icon closed folder iconSummary and Conclusion
  • folder icon closed folder iconDisclaimer
  • folder icon closed folder iconThe Team

Abstract

Despite the advent of decentralized web applications through the initial implementation of first generation blockchain networks such as Bitcoin and Ethereum, it has been a challenge to deploy scalable, high-end industrial grade applications due to their architectural limitations. Acent was created in response to these challenges. 

The Acent blockchain is built for processing heavy loads of data and the speed required to deliver a Triple-A gamified web experience optimized for meta-application deployment. It can boldly render high-performance apps with the implementation of its innovative interface and crypto engine API technology that can take full advantage of the computing power of the local machine while having blockchain data validation synched in parallel to the blockchain. This allows the community to take advantage of the tools and infrastructure for building meta-applications. Meta-apps are applications or businesses inside a meta-space service platform that pursue the goal of incentivizing users’ activities in the network. These applications can be built, published, and incubated with high-end tools such as Unity or Unreal game engines directly without involving a single line of solidity code by using the Acent crypto engine API service. Hence, Acent, as the first Layer 1 blockchain for metaweb application deployment, is attractive for building blockchain ecosystems with open source and immersive graphics while distributing fair compensation for network supporters and ensuring a transparent decentralized governance system. Developers or teams of any size can sign up and join the alpha tester developer program as early as Quarter 3 of 2022 and start building meta-applications.

ThThe Acent blockchain’s vision is being achieved through the implementation of Your Earth DAO, the ideal form of an open source parallel reality for an immersive gamified web service experience. The launching of Your Earth DAO will be kickstarted by pledging and land sales. Acent ($ACE) cryptocurrency holders would have the opportunity to participate in the Acent Pledging program to earn EDAO tokens. The EDAO token is a governance and utility token that can be obtained at the outset from Acent Pledging or the purchase of land. Mining EDAO tokens provides a number of privileges. This is being implemented to instill the desire for the Your Earth DAO community to become highly involved and engage in creating a fully decentralized live-to-earn (L2E) platform that can ultimately run autonomously.

Acent is used to serve as the base layer of this new service. Your Earth DAO uses its dedicated Acent Web 3.0 browser with DAPPX, which is a “Steam” like application management solution designed to publish and develop businesses, high-performance p2e (play-to-earn), web 3.0, and meta-web applications within a public meta-space. The $ACE is used as the base cryptocurrency in the Your Earth DAO for new jobs and economies to be created, compensating users and enabling utilities and experiences on the platform. This is the Acent’s definition of a new web meta-service, hence we coined the term “metaweb” for convenience.

What is the Metaweb and Why Do We Need It?

Artist’s illustration of a metaweb.

In response to the recent trend-shifting developments and changes to global health, financial, and information network culture, it is critical that we as a collective consciousness must realize how important it is to set higher standards for new, innovative web services. It is imperative that we must not overlook the dangers of centralized networks and social media applications, which have the potential to obscure and manipulate information that is vital for the good of all.

On one hand, exciting immersive technologies such as virtual reality (VR), augmented reality (AR), and enticing creative expression tools that allow us to produce entertainment content with hyper-realism as the means of mainstream media interaction are steadily emerging, whether one prefers them or not. 

With the advent of advanced content immersion technologies, the evident threat of corruption in essential information distribution networks, and the legitimate technical limitations that challenge the delivery of a fully decentralized internet experience, we can conclude a question that states: How can we maintain the benefits of decentralization while retaining the ecstasy that immersive entertainment technologies offer? 

The Acent team has made available a moderate utilitarian approach to network decentralization policies enforced with smart contract deployment systems while taking full advantage of performance-driven tools for captivating the visual, auditory, and kinesthetic standards of today’s web audience. This is in response to consumer base demands that are needed in social media platforms and lucrative entertainment content delivery systems for scalability and expansion.

The need for a new immersive, captivating web infrastructure that can enforce essential benefits of Web3 such as transparent distributed governance policy systems is imminent. Accordingly, we are defining the term “metaweb” as the immersive, decentralized, gamified infrastructure layer 1 network for social media and entertainment content interaction. As per the aforementioned factors, the following criteria must be met for a network to fall within the category of a metaweb service for users to enjoy its benefits while guaranteeing their safety:

  1. must have a DAO (Decentralized Autonomous Organization) based governance where the ability to propose and vote on major policies and feature enhancements should be enforced by a publicly verifiable blockchain;
  2. must be able to render high-end graphical features such as hyper-realistic graphics, AR, and VR support to allow metasites and meta-applications to be rendered and experienced with immersion;
  3. has a unique metaweb domain name system support such as MRL that is recognizable, searchable, connectable, reachable, and teleportable through a web 3.0 browser-based product (explained in further detail in subsequent parts of this white paper);
  4. must allow deployment of 3D object-based websites called meta-sites in a public meta-space where people can interact, connect with each other, perform social media interactions, and engage in business activities;
  5. should have the ability to assign convenient MRL addresses to 3D object-based public meta-spaces for the public to gain access easily;
  6. must be capable of supporting enticing real-time dynamic activity-based play-to-earn (P2E) applications that reward users’ efforts in developing good competitive multiplayer skills and strategies rather than roll-the-dice style deterministic, simulated NFT ownership microgames of algorithmic games of chance.
  7. developer tool agnosticism must be guaranteed and not be limited within the parameters of expression provided by a centralized product developer authority. For instance, a project called “voxel beach” that only allows the community to publish microgames or create NFTs built with a monopolized software tool provided by a centralized “voxel beach” company cannot be considered a metaweb network. In order to avoid the pitfalls of corruption by centralized tech monopolies, developers should have the option to choose their own tools for publishing content, just like the traditional “Steam” business model. Therefore, immersive meta-applications should be able to be built with any tool of choice, such as Unity, WebGL, Godot, and Unreal Engine, as well as Cryengine. This is essential for a business environment to function in the web environment, just like a traditional website does not need permission from Google to embed new features into their site. The public metaweb environment should guarantee and promote the basic rights of self-expression for creativity to flourish at the design level;
  8. must guarantee various types of privacy settings to be publicly enforced by a DAO; 
  9. must guarantee sovereign ownership of digital assets in the format of NFTs;
  10. must guarantee the basic rights to privacy within the parameters decided and enforced by the decentralized governance system;
  11. policies involving content censorship should be proposed, managed, and enforced through a DAO;
  12. must have a public space for everyone to meet, connect, and interact henceforth defined as a metaspace;
  13. must not depend on centralized advertising for revenue generation; and
  14. all source code regarding algorithms that affect data feed prioritization, search engine results, and collection of private data should be fully verifiable and auditable by the community at all times. 

Please note that the above criteria and definitions may be optimized and evolve gradually, just as social needs can also evolve evidently through constructive community discussions. This would still also largely depend on the growth process required by the web culture and the average underlying thought of the collective consciousness.

Acent Metaweb Tokenomics Overview

To provide a strong financial support structure for Your Earth DAO (YED) as the first Layer 1 metaweb ecosystem through the Acent blockchain and to allow rigorous monetization of the creative activity of the YED community, an innovative Acent tokenomics reflecting the best practices of the first-gen metaverse projects is implemented. In the Your Earth DAO, all assets and meta-app creation tools are accessible by third parties. This is to encourage the YED community and developers to build their own meta-sites, immersive, hyper-realistic play-to-earn games, tools, and apps and share their experiences on the YED metaweb. 

In order to foster the growth of the metaweb and push its adoption, a maximum of 15% of the Acent ($ACE) cryptocurrency, or approximately 300 million $ACE, is allocated to the Metaweb Incubation Fund. The Metaweb Incubation Fund is a community incubation fund that aims to reward the Acent pledgers who own EDAO tokens. This can be mined over a period of 6 years on top of the Universal Basic Income (UBI) pool or earlier until all has been disbursed to the Acent pledgers. 

When all or a large portion of the Metaweb Incubation Fund has been mined by the EDAO holders, it is expected to increase the value of $ACE as it drives up the demand dramatically. When this happens, the basic Acent pledge reward will come solely from the UBI pool. The exhaustion of the incubation fund signifies a hyper demand for protocol services and appreciation of the currency by overwhelming pledging or land acquisition demand.

If the remaining incubation fund has not been fully disbursed at the end of the six-year period, it will be part of the Reserve pool.

In addition to the incubation fund, YED pools the 3% service charge of all services or meta-app provided within the YED ecosystem in addition to the 91% of all on-chain transaction fees (or so-called Nitro fees) of the Acent mainnet. These are used to: 1) develop the core metaweb ecosystem; 2) compensate the EDAO governance token holders, including landowners; and 3) deploy a self-sufficient, robust, decentralized immersive web service.

The 3% service charge fee is specifically distributed as follows: 

  • 45% goes to the Universal Basic Income (UBI) Pool, 
  • 45% goes to the Acent Core Ecosystem Development Fund, and
  • 10% is burned

The ninety-one percent (91%) Nitro fees or the gas fees in the Acent blockchain are also divided into: 

  • UBI pool for redistribution to active EDAO holders (45.5%) proportionate to their contribution; and
  • Acent Core Ecosystem Development Fund (45.5%).  

Furthermore, the Acent tokenomics is designed to enforce a decentralized governance system within the metaweb that incentivizes and ensures a new parallel reality web environment can thrive. This is soon to be kickstarted by the execution of the Universal Basic Income Pool (UBI) that incentivizes the Acent pledgers and EDAO token holders who support the ignition of this exciting new technology. 

The YED also provides access to the Acent Core Ecosystem Development Fund. With its implementation, unlike the Web 1.0 architecture, meta-citizens can experience the new immersive web without the mass exploitation of labor from its users previously enforced by big tech entities; ensure all meta-apps deployed on the metaweb are operated by DAOs; and prevent consentless abuse of private information for malicious profiteering and manipulation of data feed algorithms.This will be accomplished by funding DAO proposals that pass the screening process and have the potential to have an impact or improve the overall metaweb ecosystem.

The distribution model of Acent Metaweb Earnings.

The metaweb provides the public access to the privileges of owning immutable digital assets, such as but not limited to: 

  • an EDAO ARC-20 governance/utility token token, 
  • a YED land spot, and
  • an $ACE cryptocurrency.

The utilities of each of these assets are discussed in detail below: 

Articles

  • What is an EDAO token and how will it be used in the YED?
  • How can I obtain EDAO tokens?
  • What is a YED land spot and what is it used for?
  • What can you do with a SPOT of land in YED?
  • What is $ACE, and what will it be used for?
  • The Economic Structure of the YED Metaweb

What is an EDAO token and how will it be used in the YED?

EDAO tokens are ARC-20 governance and utility tokens in the YED metaverse. Holders of EDAO tokens will be able to claim privileges and rewards in the following ways: 

  • actively participating (e.g. trading, voting, development work, contributing, etc.) to receive rewards from the entire ecosystem fee collected in the UBI pool;
  • trading on the Acent DEX; and
  • participating in the key governance voting system of the YED. 
Distribution model of EDAO Governance Token

In the future, EDAO will be listed and tradable on the Acent Swap DEX. EDAO grants the user the ability to participate in ecosystem governance while receiving some portion of ecosystem revenue back to the user. However, EDAO cannot be used as cash to purchase or sell a specific digital asset comparable to a cryptocurrency. 

The following are specifics regarding the EDAO tokens’ benefits for users: 

  • Acent Mining 

EDAO holders can mine Acent through the soon-to-be released pledging system for EDAO. For more details and information on the timing of the activation of the pledging system, please visit Chapter VIII of this document about the roadmap. Users who pledge their EDAO will be able to participate in a variety of ecosystem governance and functionalities.

The main goal of the UBI pool is to incentivize and encourage the community to start developing applications on the metaweb to be able to do business and earn token rewards for their participation. More YED businesses are expected to flourish in the Acent blockchain metaweb as we fulfill the social value of allowing everyone to benefit from a fairly designed shared ownership of all financial activity within the YED alternative reality web service. As more people pledge their EDAO tokens, more $ACEs are distributed from the UBI pool. This is expected to increase the interest in the $ACE ecosystem, resulting in sustainable funding and trade volume for the building of the metaweb. As the metaweb becomes more widely adopted through dynamic incentivization, the Acent mining UBI rewards are designed to increase over time.

Governance 

With EDAO, holders can exercise their voting rights on the YED platform. This includes important matters such as foundation grant attributions with regard to content or creation of several features in the YED platform, including prioritization or inclusion of some important activities in the YED roadmap. Other governance benefits of the EDAO include:  

  • the ability to submit proposals that could affect the governance of the YED platform; and
  • the privilege of reviewing and commenting on the DAO proposals submitted by the members of the community on the YED platform.

There will be 8.1 billion total EDAO tokens available (representing the UN projection of the world’s population by 2025). This is to quantify the value of EDAO as the unit of measurement for the value of monetized creativity, self-governance, and economic power a single person can have on the metaweb. In other words, whatever EDAO is worth, it will be priced as the equivalent of how much creativity, financial potential, and political intelligence an average human being represents. Its token distribution is as follows:

EDAO tokens will be distributed among 4 major stakeholders.

Take note that the proportion of EDAO tokens that are distributed to the Foundation and the Founding team will remain fixed at 9% for the foreseeable future. This is done to ensure the long-term viability of groups that advocate for and put into practice the principles of UBI, open-source metaweb development values, and decentralization. The Founding Team will take on the role of a core team that will carry on with the mission of making the decentralized immersive web a mainstream social infrastructure. On the other hand, the Foundation will see to it that the DAO proposals that have been put forward by the YED community are implemented.

The rest of the EDAO tokens, or 73% of its allocation, can be mined gradually through land sales and Acent pledging. When all 5.913 billion EDAO tokens have been distributed, there will be no more mining of EDAO. Nonetheless, Acent pledgers and land owners can still continue receiving governance and other rewards tokens of essential infrastructure assets such as decentralized ads, DAO proposed innovations, and first party applications such as metamail and messenger services. These initiatives may also be proposed through the DAO.

How can I obtain EDAO tokens?

YED platform users can acquire EDAO tokens through the following: 

  1. Pledging of ACE – EDAO can be mined through the Acent pledging system. A provisional computation of the EDAO yield from the Acent pledging can be found below: 
Estimated maximum EDAO rewards from the Acent pledge per annum

Basically, 1 $ACE pledge will grant the pledger an equivalent of 1 EDAO token per year as their reward for contributing to maintenance and security of the Acent network. With EDAO tokens, pledgers can mine more $ACE. The more EDAO tokens users pledge, the more $ACE they can mine from the Metaweb Incubation Fund and the UBI pool.

Suppose meta-citizen A pledged 50,000 $ACE. Under a certain period and market conditions, it gained him 6.27% $ACE plus the UBI reward and the appreciation of the $ACE currency as more people joined the metaweb.

On the other hand, Meta-citizen B, who pledged 2,000,000 $ACE within the same period and market condition as Meta-citizen A, got the full 13% maximum earnings plus UBI and $ACE appreciation on top of it.

This only means that yield earnings may vary depending on one or more of the following factors: 

  • pledged amount,
  • market conditions,
  • $ACE supply and demand,
  • number of pledgers, 
  • lock-up period, and
  • DAO proposals for readjustments.

Specific details about the Acent pledging rewards will be made available in future community updates.

  1. Purchasing Acent City land and mining EDAO from purchased Acent City land spots – YED will open several batches of land sales in Acent City. Each spot of land bought is capable of mining EDAO and also comes with Zero-point Energy Pylon (ZEP) NFTs. A ZEP is an NFT capable of producing digital electricity or energy on its land to power meta-real estates throughout the metaweb. Both ZEP and digital electricity can be traded as commodities on the Acent DEX in the future. 

Below is a provisional computation of EDAO including ZEP rewards for a spot of land valued at 20,000 ACE for 6 years. 

EDAO rewards from purchasing a spot of land per year

Please take note that the mining rate can be readjusted or varied depending on the amount, the lock-up period, and DAO proposals for readjustments, including market conditions. Specific details about ZEP mining will be made available in future community updates.

  1. Purchasing EDAO from the Acent swap decentralized exchange (DEX) – in the absence of land ownership, platform users may purchase EDAO from the Acent Swap DEX through its current ACE market value.

Take note that all EDAO governance tokens will initially be distributed through the Acent pledging and YED land mining, hence, no sales of any kind for EDAO tokens will be available in the market unless a holder decides to sell them. After the total numbers of EDAO are distributed and exhausted, there will be no more public issuance of EDAO and users can therefore acquire it by purchasing it at its market value on the Acent DEX. 

What is a YED land spot and what is it used for?

Each parcel of YED land is ARC-20 built on the Acent blockchain. Most lands mirror the real locations of land areas in the physical world with their own XYZ coordinates in the YED metaverse. 

The YED will also create unique land areas with special benefits and rewards, such as Acent City. This is the only place in the YED territories where you can mine digital electricity (called the ZEP). Details about the sale of Acent City lands will be updated soon in our official community.

There are different parcel types available on the YED. These are as follows:

  • SPOT: The smallest unit of land that can be bought or sold in the YED is called a “spot.” Its size is 27m x 27m of YED land.
  • LOT: A combination of 3 x 3 spots of land is called a “lot.”
  • ZONE: A combination of 9 x 9 spots of land is called a “zone.”
  • DISTRICT: The biggest contiguous area of land in the YED is called a district, which consists of 27 by 27 spots.
Different types of land parcels in the YED

 

What can you do with a SPOT of land in YED?

Owning a SPOT of land in the YED has the following uses and advantages:

  • Trade land at any NFT marketplace. 

Owners of YED land will be able to trade and profit from the market value of their land property by listing it on an internal or external NFT marketplace such as OpenSea or the Acent blockchain NFT marketplace.

  • Mine meta-resources and energy.  

Landowners may plant Pylon NFTs on their spot of land to mine a particular meta-resource or energy that can be utilized, sold, or traded at any internal or external NFT marketplace. Only 1 Pylon NFT is allowed for 1 spot of YED land.  

Purchasing a spot in the Acent City gives the owner the privilege to own 1 ZEP (Zero-Point Energy Pylon) NFT that allows landowners to mine energy or digital electricity on their land to power up meta-real estates across the metaweb and to be traded as a commodity in the Acent DEX in the future. Unlike other Pylon NFT resources, the utilization of ZEP to produce digital electricity is limited to Acent City spots only. Hence, the Acent City can serve as a perpetual energy generator for the rest of the world within the metaweb. Should the owner wish to plant more Pylon NFTs other than ZEP, he/she has to buy a spot outside the Acent City. 

Existing Pylons NFTs in Your Earth DAO with different levels from Common to Epic

More details about the ZEP and other Pylons will be released through YED’s official community updates.

  • Mine EDAO tokens and participate the metaverse governance.

When users own land, they can mine EDAO tokens that enable them to participate in the metaverse governance through voting or submitting DAO proposals. The mined EDAO will also earn $ACE from the UBI pool for activity rewards, as long as they stake their EDAO tokens. The greater the number of individuals seeking EDAO rewards, the greater the anticipated increase in $ACE’s value. 

Details of the mining rate have been provided in the previous section.  

  • Rent out their land as the traffic builds. 

Foot traffic is projected to increase in the YED metaverse. At that point, income from rent is envisioned to be the main form of income revenue for land owners. The more developed a spot of land is, the higher the G-rating it receives. This also implies that landowners can command higher rental fees from businesses built by others on their property. If landowners are not interested in renting out their lands, they can utilize them to build their own businesses. 

The monthly average user (MAU) is the parameter by which the YED algorithm will compute the foot traffic a spot of land attracts in a month. This determines statistically how much minimum rent you can charge from anyone who wants to do business on your land in case you choose to just rent it out. 

Below is a provisional range of G-Level Status based on the MAU:

  • G0 Level – 0 ~ 900 MAU
  • G1 Level – 901~1800 MAU
  • G2 Level – 1801 ~ 2700 MAU
  • G3 Level – 2501~ 3600 MAU
  • G4 Level – 3601~ 4500 MAU
  • G5 Level – 4501 ~ 5400 MAU
  • G6 Level – 5401 ~ 6,300 MAU
  • G7-G9 Level – Undefined as of now

Note: The metrics defined herein are provisional and are subject to change as the traffic is projected to increase attributed to the heavy incentivization and release of other monetization features within the YED.

  • Build businesses with unlimited creative potential. 

Business ideas that can be built on a spot of land could include, but not be limited to, hyperrealistic play-to-earn gaming apps; deployment of decentralized ads; entertainment apps; social media apps; news networks; content delivery networks (CDN); NFT-based metacommerce showrooms and stores; and so much more.

  • Monetization and creation of creative content through meetings, hanging out, traveling, and interacting with other meta-citizens. 

The YED metaweb is designed to simulate a parallel reality web service on the Acent blockchain, hence there are no limitations concerning space and time. One of the most engaging activities for monetization would be to create entertaining content by using them to share their experiences with friends and families who are in different time zones or different locations in the physical world. They can teleport to each other or go to a metaspace together in YED and enjoy being together virtually. Recording and sharing this on a meta-content delivery network within the metaweb can turn out to be a new fun and profitable consumer market segment.

  • Deploy meta real estate. 

Landowners can buy, design, or build a meta-real estate on their land to increase the amount and quality of traffic. The more traffic they get from their land development, the more Acent rent will be received in the future, depending on the G-level or status of their spot.

Limitless potential of a spot of land in YED

Details about spot sales and airdrops are posted on our official community updates.

What is $ACE, and what will it be used for?

Acent ($ACE) is the cryptocurrency of the Acent blockchain and the equivalent of cash or a unit of value for all financial activities or transactions on the YED metaweb. It plays an important part in the governance and economic system that sustains the YED. ACE can be monetized through various business and user revenue models discussed in this document. Through $ACE, digital assets are traded and transferred from one owner to another. 

$ACE is a functional multi-utility token which will be used as the medium of exchange between participants on the YED platform in a decentralized manner. The goal of introducing $ACE is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the YED platform without any intermediaries such as a centralized third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $ACE does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise, or undertaking, nor will $ACE entitle token holders to any promise of fees, dividends, revenue, profits, or investment returns, and they are not intended to constitute securities in Singapore or any relevant jurisdiction. $ACE may only be utilized on the YED platform, and ownership of the same carries no rights, express or implied, other than the right to use $ACE as a means to enable usage of and interaction within the YED platform. The secondary market pricing of $ACE is not dependent on the effort of the Acent team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

Further, $ACE provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the YED platform, thereby creating a mutually beneficial system where every participant is fairly compensated for their efforts. $ACE is an integral and indispensable part of the YED platform because, without $ACE, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the YED platform. Given that additional $ACE will be awarded to a user based only on their actual usage, activity, and efforts made on the YED platform and/or proportionate to the frequency and volume of transactions, users of the YED platform and/or holders of $ACE who did not actively participate will not receive any $ACE incentives.

$ACE, as the in-service currency in YED, can be used for the following purposes:

  1. Access and participate in the activities of the YED platform – by spending $ACE, users can buy and sell NFT items, access and monetize a meta-application, meta-resource, NFTs, and other digital assets, including upgrading of avatars or game characters, and participate in many other activities in the YED platform.
  1. Acquire an NFT spot of land in the YED – Users need $ACE to acquire and monetize a spot of land in the YED. Each land sale is expected to drive the demand for ACE.
  1. Pledging – YED users may participate in the Acent network by utilizing ACE tokens. The Acent is a blockchain protocol which, by design, does not own or run any computing/storage servers. It relies on an open, decentralized network of nodes that operate on an open source algorithm to ensure network security and prevent attacks. Accordingly, users who help to maintain the network would receive ACE for their efforts.

Details on the specific settings for the pledging amount bonus and period bonus will be released in the official community updates. 

The Economic Structure of the YED Metaweb

Your Earth DAO is a gamified decentralized public metaspace and open world with natively embedded strong social media influencing capabilities built for launching businesses in the format but not limited to metasites, immersive decentralized applications, play-to-earn applications, and content delivery applications. It is a basic social infrastructure-layer solution designed to generate jobs and alternative lifestyles for all users, regardless of whether they are influencers, business owners, gamers, content creators, or app developers for the metaweb. 

The circulation of wealth within Acent Tokenomics
The Metaweb Socio-Economic Concept

Meta-citizens are incentivized to increase their influence and pursue colorful activities within the metaweb. Accordingly, they need ACE to create, play, earn, and expand their freedom by gaining more influence. The architecture of the Acent blockchain is designed to allow people to naturally assimilate the metaweb as an augmented parallel reality life service. In this way, one can picture this as the ultimate social media platform or a new immersive gamified webspace where they can benefit from monetizing their creative potential to the fullest by leveraging the ACE and its infrastructure. 

ACE is essentially used as the universal currency for metaweb layer 1 public spaces as well as all transaction fees that occur within the YED. For instance, meta-citizens need ACE inside the universal YED ecosystem to obtain goods and services from business providers and to monetize activities such as content creation through social media meta-applications, winning P2E game matches, creating and selling dynamic art, and using utility NFTs. An active user or their metaweb footprint data accumulated over time generates sufficient economic influence to return wealth to the physical world via the ACE they spend and earn on the platform, thereby creating a virtual source of economic revitalization. 

On the other hand, businesses are incentivized to build, deploy, promote, earn, and expand their businesses by developing products and services, typically in the form of meta-applications or meta-sites within the YED and future metaweb space ecosystems deployed within the Acent infrastructure. ACE is required to gain access to essential business features such as tokenization, incubation, advertising services, developer tool support, launchpads, and traffic management, as well as to buy meta-domains, mint utility or dynamic art NFTs, and conduct a variety of business transactions, thereby creating a vast open sea of new jobs and business opportunities. 

In the Acent economic architecture, capital flows from the physical world towards the metaweb by utilizing the YED as a medium of captivating social media interaction. As the monetization activities amplify, that is, utilizing the Acent cryptocurrency as the core unit of value, capital may naturally flow back to the physical world to revitalize the contracting economy, thus completing the closed-loop self-sufficient economic cycle necessary for society to expand and thrive again. Hence, achieving the goal of having a digital parallel reality world to augment the physical reality world. 

Ultimately, one of the long-term visions of the metaweb should be to evolve metahuman integration and AI-based procedural generation meta-applications that can be pushed into the YED updates. As you may imagine, the next probable stage would be for us to achieve digital immortality within the metaweb-first for future AI-based sentient NPC society creation, which will in turn benefit real humans through autonomous value creation ecosystems. It would be truly exciting to see self-aware societies create self-generated monetizable value to augment the physical world. Consequently, this would allow our creations to help us, the creators. With the gradual launch of metaweb products, being able to recognize that this may not be a question of if, but a question of when and how would certainly accelerate the evolution of the metaweb.

The succeeding chapters will discuss the different business models and revenue streams of the Acent metaweb tokenomics as it drives:

  • equitable sharing of assets among all contributing developers, users, and meta-citizens of Your Earth DAO; 
  • concrete, doable, and realistic framework to drive up the utilization of ACE cryptocurrency; 
  • business and job creation inside the YED; and 
  • mass adoption of tokenization of businesses.

Visualization of Business Models and Revenue Streams Within the New Immersive Acent MetaWeb Service

The market for metaverse projects is expected to grow at a rate of $800 billion to $1 trillion by 2024, from an estimated $47 billion to $500 billion today. Within the Acent habitat, the metaweb is essentially a new web that allows people to engage in real-world activities such as work, shopping, leisure, banking, finance, and so on within a public meta-space. 

Features of the Your Earth DAO metaweb service.

As the world suffers from an economic crisis, the adoption of a new interactive, immersive, decentralized web experience can serve as a catalyst for the establishment of a brand new alternative financial system in which new opportunities and jobs can be created. Your Earth DAO (YED), an Acent Technology blockchain-based metaverse service, is a perfect example of an infrastructure layer solution that our society requires to deploy new incentivization mechanics and user-generated economic models that will emerge as an alternative financial solution to slowly relieve the damage caused by the gradual collapse of the traditional centralized economic system. 

Figure below is an example of a meta-home real estate NFT in the YED. With immersive AR/VR technology, users will be able to increase their social influence and followers by designing, buying, selling, creating entertainment content, inviting friends over, and hanging out in these places without being limited by physical distance and time.

NFT Metahomes that users can modify, trade, or share with friends.

The other figure below, is a real-time rendered screenshot of the Acent City, where users will be able to live and conduct business by deploying meta-sites and P2E applications. Building 4D metasites with an Unreal Engine rather than HTML, CSS, and JavaScript provides a faster, easier, and more engaging experience on the metaweb.

Latest realistic city model of Acent City

Articles

  • Business Revenue Models on the Metaweb
  • Meta-Citizen Revenue Models
  • Market Potential of Acent’s Decentralized Gamified Web

Business Revenue Models on the Metaweb

The following are some of the business models that developers can start experimenting with and building when they have acquired early knowledge and influence of the Your Earth DAO metaweb service. To start making meta-applications in YED, developers must check the Developer Documentation section of the YED for information on how to get access to the following:

  • Acent metasite/app Alpha tester developer program, and
  • Acent crypto engine application interface developer’s guide

Keep in mind that the full expression of the Acent parallel reality simulation web service technology is not limited to the following models, and the descriptions below are simulated scenarios that we can imagine at this moment. Some of the following information is already being built on YED as a base infrastructure layer technology, while other parts are still a work in progress. How the metaweb will ultimately evolve to influence and shape our new realities, in the long run, is a question yet to be answered by the people. 

  1. Default traffic revenue – NFT lands with higher traffic revenue can advance to higher G-levels, thus mining more EDAO ARC20 tokens compared to NFT lands with lower traffic revenue and at lower G-levels. G-levels are spot levels of the YED land that are graded depending on the foot traffic they generate. This means that the more relevant a space is and the more activities a user conducts on their lands, such as NFT sales and advertisements, the higher it will move on its G-levels, and thus the more EDAO governance tokens can be mined. This mechanism would incentivize the landowner to continue developing the spot of land (or meta-site) in the YED in order to attract more visitors, raise its G-level, and mine more EDAO tokens.
  1. Business Incubation through Tokenization on the Acent blockchain – Tokenization via Acent is a powerful business incubation feature for companies and projects looking for a way to join the gamified web environment. Companies that seek funding and promotions to kickstart their vision may take advantage of this feature that is provided in association with the DAPPX platform’s launchpad capabilities. This can be accomplished through the use of Acent blockchain ARC-20 (ERC-20 equivalent of Ethereum) token standards, which may increase Acent’s market capitalization while allowing new projects to be created, shared, and promoted with Acent’s decentralized immersive web service users through the DAPPX service. DAPPX is the central service hub for gaining access to launching, promoting, pledging, and earning services for businesses. This is possible through its unique architecture, which can connect Web 2.0, Web 3.0, and the metaweb environment in a seamless consumer-grade product experience. More on this will be released in the soon-to-be updated DAPPX 2.0 white paper.

Tokenization distributes ownership, revenue, and business governance among various stakeholders, allowing anyone and any business to participate in the platform. It promotes Decentralized Autonomous Organizations (DAO) within YED. To gain access to the YED platform’s fundamental business features, such as funding campaigns, basic marketing, and e-commerce payment gateways, tokenized businesses must apply for a developer account on the DAPPX platform.   

The most advantageous aspect of tokenization is that anyone can literally copy and paste a real-world business environment into YED’s metaweb. More information about how to start incubating a business will be posted on community updates in the near future.

  1. Business development within meta-spaces – Owners of NFT land can establish their businesses in the YED. Each business will have its own unique Metaverse Resource Locator (MRL), which is analogous to a URL link. While the URL directs buyers to a traditional website, the MRL directs buyers to a spot of YED land, where a certain metaverse store, showroom, or meta-application gateway is located. This is where they can order, for instance, a wearable item, skin, or any item, and expand services to have it shipped directly to their physical home in the future if the business owner sees XR commerce as a lucrative expansion opportunity.

There are numerous other ways to start a business within the Acent-powered meta-web space. As users develop their NFT land within the YED meta-service, traffic may naturally flow toward a well-developed land with active meta-sites seeking legitimate rewards and revenue. As the service matures, these and a plethora of other business models will materialize.

  1. Acent DEX listing – The Acent official decentralized exchange is critical for the natural growth of alternative economies within the new web. Acent DEX will enable liquidity pool ownership, swapping, trading, and farming of business tokens, non-fungible tokens (NFTs), meta-commodities (described below), tokenized major cryptocurrencies, and a variety of other investment markets within a fully decentralized financial environment. It can be thought of as a stock and commodity exchange for the new web fabric, with assets traded on the Acent blockchain and policies enforced through decentralized governance systems. Additional information will be disseminated gradually throughout our community.
  1. Deployment of meta-applications – Acent has a unique architecture that supports the deployment of various types of meta-applications, including those created with the Unity and Unreal Engine software by any third-party company that wants to create their business on the metaweb. A quick way to understand this is the way companies create revenue by selling their games on Steam or Apple’s Appstore. However, developers on the metaweb would be able to generate income per game match through fully interactive high-end play-to-earn games rather than per sale of copies.

Meta-applications that use Acent blockchain technology as the base layer can be launched in DAPPX – the Acent’s project launchpad and a one-stop NFT marketplace supporting multiple cryptocurrency networks. Developers of decentralized apps such as P2E and YED meta-apps may take advantage of the online marketing services provided by DAPPX and reach audiences through the front-end outlet provided in the marketplace for users. DAPPX is being built to become the decentralized equivalent of a one-stop application store such as Google Play or Apple App Store in the metaweb.

  1. Revenue from NFT interactions – The NFT market exceeded US$40 billion in 2021 and is expected to be worth at least US$80 billion by 2025. Acent will be at the forefront of NFT development, adding value to both developers and users. For instance, aside from the NFT lands in the YED, Acent is creating Pylons, a utility NFT that can mine NFT meta-resources. This and subsequent NFTs will be available in limited editions on the OpenSea marketplace and DAPPX. Showcasing utility NFTs that have a real functional purpose is our main goal. 
  1. User-business collaboration revenue – The immersive, decentralized, gamified web will open up new avenues for business collaboration. YED welcomes strategic marketing, referral partnerships, “white labeling” of products and services, co-branding, and other forms of collaboration. Users who want to use the Acent blockchain technology to mainstream their services on a blockchain (for example, e-commerce applications who want to sell functional NFT versions of their goods) can deploy their sites in 3D object-based meta-sites to increase user interaction and value proposition by adding a layer of immersion into their business models. 
  1. Service Fee Revenue (concerts, exhibits, etc) – YED’s digital museum, concerts, and 4D motion picture entertainment services can be white-labeled and used to host a variety of concerts and exhibits. Admission tickets will be sold in ACE cryptocurrency to allow the general public access to the YED metaverse. This is an exciting way for YED citizens to enjoy the YED meta-space.  

Business Development Case Scenarios 

Below are the hypothetical scenarios of businesses that can be developed under the YED and Acent ecosystems. Most businesses in the physical world can be transferred and expanded to YED as they transition into a simulated parallel reality environment as a service. Over time it is hoped that users will recognize the Acent metaweb as the standard for a business environment devoid of space and time limitations.

Business Case Scenario 1. Tokenization of business

A team developing a metatube on the metaweb decided to tokenize their business in the YED. Metatube is a VR-based 4D immersive spatial video data sharing and streaming service with social media content delivery features. They spend a certain amount of Acent to gain access to the YED platform’s fundamental business features, which range from basic DAO structuring, marketing, launching, and funding to e-commerce payment gateways.  

This small team’s metatube service is being developed using the Unreal Engine. They submitted it to Acent’s developers’ program as a meta-app. This meta-app was deployed on the YED spot of land they owned following technical auditing and approval by Acent’s developer auditing service. 

After a few weeks, healthy traffic of YED citizens flocked to the metatube to create, share, and consume 4D motion picture content, resulting in several decentralized sponsored advertisements that monetized their platform. Overall, this resulted in the creation of several monetization routes for the team and the users, meta-citizen participation, and the Acent blockchain team. In addition to this, part of the paid service charges goes back to the holders of EDAO tokens who have access to the UBI earnings pool.

Business Case Scenario 2. User/business collaboration revenue 

A well-known shoe brand was excited to learn about YED and how it enables businesses to enter the metaverse. They utilized the metatube and decentralized ads to promote their content. Following a positive response from the metaweb audience, the owner of this company decided to convert one of their sneakers into an NFT. They partnered with a well-known asset creator in YED who specializes in NFT shoes. The best thing about these NFT shoes is that users can wear them in the YED and they can also order them in real life to wear them physically. This creates a two-stream revenue model where the brand owner can sell meta-reality products as well as physical reality goods and services. Again, a small portion of all ecosystem service charges goes back to the EDAO token holders and the core team to further develop the decentralized metaweb.

Meta-Citizen Revenue Models

There are many user business models that can be created by the Acent blockchain. Several initial user revenue models that will be implemented in the YED include the following:  

  1. Play-to-Earn (P2E) revenue – Meta-citizens can practice and become meta-game players, earn per game, gain subscribers, sponsorship, or fans who will pledge on their abilities and skills in playing the game. They can also benefit from decentralized ad revenue. 
COBA is a real-time screenshot of a MOBA play-to-earn meta-application that is being built inside the Your Earth DAO metaweb service, which is an expanded real-life version of the movies “Ready Player One” and “Freeguy” combined.

  1. Meta-real estate development – Meta-real estates are pieces of land or property owned by users in the YED’s public meta-space. Acent blockchain allows people to mint, buy, sell, and deploy meta-real estate NFTs. They expand the concept of real estate in that people can do many of the same things they do in real life, such as hang out with friends, meet new people, work, shop, collect rent, and additionally watch immersive entertainment content such as VR rendered concerts, movies, events, and shows, and play full-scale high-end games. The owner’s or developer’s creative potential is monetized through meta-real estate development.

Meta-real estate development is an exciting new job and feature within Acent’s gamified web experience designed solely to earn crypto incentives by attracting more traffic to YED’s meta-sites, earning higher G-status, and mining more EDAO governance/ revenue share tokens.

Your Earth DAO ecosystem

Acquiring spots (i.e., land units within YED) and meta homes, NFT apartments would be a good starting point for someone interested in owning, renting out, developing, or trading meta-real estate. Metahomes are digital assets that can be created in the YED through the meta-resources mined using Pylon. Since they are NFT-based, they can be traded in external NFT marketplaces such as Opensea or within the native DAPPX NFT marketplace. Owners can also opt to rent it out while they wait for their metahome to increase in value. 

In-service engine actual footage of a metahome with meta-humans

  1. Job creation through service delegation within YED – The immersive gamified features of the new web-enabled by YED will expand job opportunities for 3D modelers for NFT minting, meta-app or site developers, showroom developers, makers of NFT goods, content creators, artists, entertainers, and e-commerce owners, including full-scale meta-games developers. Job marketplaces may have to be an essential place for the YED web service. 
  1. Meta-influencing revenue  – Meta-influencing is a revenue model that is similar to the incentives currently offered to influencers on social media platforms such as Facebook and YouTube. The distinction is that followers of their content would be able to view their vlogs in real-time via VR headsets in the MRLs described above, instead of viewing them only through the traditional two-dimensional flat website. This will give their followers or viewers a more immersive experience at the same time allowing the meta-influencers to monetize the traffic generated by their followers.
  1. Utility NFT creation, sales, and trading – Utility NFTs could be anything with a purpose, like wearable shirts, cars, drones, teleportation portals, or other digital collectible items. These are available in limited quantities, hence benefiting their owners who are seeking to command a price for their NFTs. Utility NFTs can either be created or imported into the YED and can be traded in both OpenSea and DAPPX as its native NFT marketplace.   
  1. Trade of meta-commodities obtained from resource NFTs –  Meta-commodities are intermediate resources that are used to produce other digital assets. A Pylon NFT, for instance, is designed to mine meta-commodities in the YED. Meta-commodities are user-generated utility NFTs that can be branded, traded, and used within the YED reality simulation environment. Examples of this include Ironium (In), Star Dust (SD), Water (H2O), Cementium (Ce), Momentium (Mo), Dark Matter (DM), and others soon to follow. The meta-commodities will play a vital component in the eco-simulation aspect of the YED. For instance, assets requiring Ironium in the Your Earth metaverse would be identical to objects that require metallic resources to assemble, such as vehicles, starships, and levitating structures. This is an essential part of functional NFT asset creation within the metaweb to quantify value creation and retain ownership value by controlling the supply of NFT assets to a moderate degree to sustain a healthy meta-economical habitat.

As the service evolves, detailed information on how to contribute and profit from owning and deploying these assets will be made available in the community updates of YED.

  1. Trading of NFT Spots -YED spots are the smallest units of NFT land that can be developed or traded on internal or external NFT marketplaces. Starting a business or establishing a physical presence in the YED world requires ownership of a spot of land. Otherwise, there would be nowhere for people to go to experience what people are creating in the metaweb. Spots are required for any meta-object or asset to have a location within the metaweb. Those that are in proximity to venues with a lot of traffic may turn out to be more valuable compared to those that are far from these areas. In this sense, they are the foundation of all meta-real estate. The value of a spot of land may also be determined by the G-levels. 

Users can choose from various G-level spots of land when acquiring NFT lands. The greater the G-levels, the greater the foot traffic and the higher the price. On the other hand, the lower the G-levels, the cheaper they are, and the greater the effort required to generate foot traffic.

  1. Decentralized advertising revenue – Advertising in spots or units of NFT lands in YED is a cost-effective method for all users to increase their reward balances. You can increase traffic to your spot by using advertisements, or you can generate additional revenue by using third-party advertisements. 

Meta-sites are analogous to businesses that can buy advertising services in order for people to find them via the Liberty meta-search engine and be redirected to their metaverse address. Meta-citizens who add NFT ad projectors within the public metaspace are qualified to receive ad revenue when they attract traffic. More details will be gradually announced in the community updates according to the project schedule.

Meta-citizen Case Scenarios

Below are the hypothetical scenarios for Meta-citizens to generate revenue: 

Meta-citizen Case Scenario 1 – Monetization using P2E game service

Tony and his friends played COBA. He started with only 300 ACE at the start of the game. But because of his clever tactics in the game, he was able to grow his ACE three times more than when he first started. Some of the ACE he earned from the game was re-invested in NFT character items. He initially bought NFT common character items, until eventually, he was able to upgrade some of them to legendary items. 

Tony decided to film his gameplay and share it on social media. Soon enough, his gaming skills became well-known throughout the entire online gaming community of the YED. Many people have become interested in his skills and NFT artifacts. In fact, some of them offered to sponsor his game matches for an agreed percentage share for every game won. However, the ad sponsorship was the best offer he had received so far. He was offered a fee for just mentioning the brand every now and then as he records his gameplay. He also got paid by having their logo on his NFT land. 

At this point, Tony believes that his success in the YED is more than just winning the P2E game. It is his gaming skills and dedication that opened up many opportunities for him to make the most of the P2E game services of YED. 

Meta-citizen Case Scenario 2 – Direct sales of NFT digital assets or meta applications

Tony wishes to establish an online store selling NFT avatars, or meta-humans, with a variety of skins for sale in the metaverse. To make this possible, he needs basic ACE and meta-commodities to produce his NFT products. Upon acquiring them, he rented a digital store in the metaverse for 50 ACE per month as a test and then purchased a three-year MRL domain name for 100 ACE. 

Rather than promoting his old URL website address of buyjoshmetahumans.com on social media, Tony promoted his new MRL website address of joshmetahumans.ace. His MRL corresponds to the location of his rented digital store in NFT land at X=155.2670; Y=849.3392; and Z=81.3332 coordinates within the meta-reality. Information regarding his metasite can be searched and navigated through the Acent Web 3.0 (Osiris Web 3.0) browser. 

Since launching his digital store, he has been able to sell between 80 and 100 skins per day. Numerous users are also making their way to his store to look for the newest trend in avatar skins. 

Meta-citizen Case Scenario 3 – Traffic and NFT transaction revenue from Pylon mining

Tony discovered that his virtual landlord was profiting from the foot traffic generated by his digital store. Due to the success of his e-commerce in the YED metaverse, he decided to purchase three (3) NFT lands in various locations and establish his own meta-store there. He purchased three Common grade Pylons to construct his store, namely: Water, Cementium, and Ironium. 

He planted the Pylons immediately – one for each lot. Within 24 hours, the Pylons he purchased began mining the aforementioned meta-commodities. Tony is satisfied to have completed the construction of three 15-by-15-cubic meter stores in less than 15 days. The good news is that, because the Pylon is constantly mining resources, he was able to sell a portion of them on the NFT market. 

Tony now has three revenue streams in the Your Earth DAO metaverse: 1) visitor traffic from his own land; 2) direct NFT sales of his avatars; and 3) commodity trading from his Pylon. 

Meta-citizen Case Scenario 4 – Traffic and Advertising Revenue

A well-known company that sells NFT shoes took notice of Tony’s NFT avatar wearable store’s steady market activity. As a result, they decided to rent banner space in one of Tony’s most popular NFT stores to promote their NFT shoes. This NFT digital shoe company occasionally hosts special events in Tony’s digital store to promote their NFT shoes. This drew a large number of visitors to Tony’s NFT land. 

Because Tony joined YED as an early bird, his influence on the Acent simulated reality is substantial. This provides him with multiple sources of income, earning him ACE through banner ads and event traffic, while also profiting from the sale of his NFT avatars. 

Meta-citizen Case Scenario 5 – Influencer and Content revenue from MetaTube

Maica logs into her YED metaverse and creates fun content within her rented metahomes apartment with her friends. She rented a meta-apartment in the Acent city for 60 ACE with the intention of creating a virtual vlog. She moves her avatar in order to capture animation and sound data of her apartment, including the views from her veranda, thanks to the Metatube widget she has running on her Acent metaweb operating system (OS). While she speaks, she also tours the NFT land, showcasing each digital asset that has been built there. 

Within the metaverse, Maica uses the metatube app to capture space, motion, and sound data. This is stored and shared as an animation file data format. This “metamedia” content is stored in IPFS and can be accessed when her followers use VR equipment to experience her journey as if they were there with her. These are uploaded to her MetaTube vlog, where she monetizes her content for decentralized ad revenue each viewer brings to her. 

Tony is a follower of Maica’s. Using his VR gear, Tony could fully feel as if he was sharing the entire space with Maica as he watches Maica’s metalogs as she plays, expands, rewinds, pauses, and moves within the scene of the metamedia. Anyone watching Maica’s metamedia video would have the same experience as Tony’s. As a result of this feature, Maica’s Metatube channel is exposed to more traffic and gains more followers as she travels to various locations within the YED platform, giving her a income from the platform.

Market Potential of Acent’s Decentralized Gamified Web

To assess the potential for a decentralized gamified web, it is necessary to examine the existing DAO metaverse platforms on the market that are trying to offer virtual land NFTs as well as their market capitalization.

Here are some of the most popular metaverses and their relevant statistics:

  1. Decentraland (2017-present)  – 8.5 million users as of 2021; 300,000 monthly active users as of 2021; 2,500 peak user concurrency as of 2021
  2. Sandbox (2020-present) – 2 million registered as of 2021; 30,000 monthly active users as of 2021, with only 50% of them spending more than 1 hour per day; 
  3. Somnium space (2021-present) – 300,000 registered users as of 2021, 413 monthly active users; 16 peak user concurrency as of April 2022
  4. Earth 2 (2020-present) – 250,000 registered users as of 2021; no data on MAU and DAU
  5. Next Earth (2021-present) – 180,000 registered users as of 2021; no
  6. Cryptovoxels (2018-present) – 8,989 registered users; 203 monthly active users; 10 DAU

Based on the assumption that these users are mutually exclusive, there are currently 11 million+ registered metaverse platform users, with 330,000+ monthly users and nearly 3,000+ peak concurrent users. This is a far cry from the metaverse’s media hype, especially when compared to other popular gaming and social media platforms like Facebook, which has nearly 66 percent of monthly active users (MAU) who log on every day. 

Strong MAUs and concurrent users are commonly being used as success indicators in online gaming. The higher the MAUs and concurrent users (i.e., the number of people using the platform at the same time), the more successful the platform is.

Here are some of the MAUs and peak concurrent users of other Web 2.0-based platforms:

  • PlayStation Network – 111 million MAUs
  • Steam – 120 million MAUs in 2020; 24.8 million peak concurrent users; 62 million DAUs
  • Ubisoft – 35 million MAUs in Q3 2021
  • Roblox – 49.5 million DAUs.

According to statistics, there were only 50,000 Web 3.0 metaverse users worldwide as of late 2021. This is regarded as the lowest of the seven most well-known virtual platforms, with Facebook surpassing all other platforms (see figure below).

Total users of selected virtual platforms as of October 2021 (Source: Statistica, 2021) 

This presents an excellent opportunity for Acent blockchain-rendered YED to fill in the gaps. YED’s entry into the market will be very timely and has the potential to gain a large market share, which will boost Web 3.0 metaverse users. Combining the market capitalizations of gaming and e-sports (US$1.9 trillion) and the Web 3.0 metaverse (USD 0.3 trillion) could generate enormous momentum for a metaverse service that would offer both worlds. The business model of YED and its decentralized gamified web service will offer various meta-applications and services that will accelerate the mass adoption of a metaweb service. 

The market capitalization of the metaverse, Facebook, and gaming worldwide as of October 2021 (Source: Statistica, 2021).

According to a global survey, people flock to the metaverse not only for entertainment but for various reasons such as:

  • improving creativity and imagination (37%); 
  • traveling the world without moving (37%);
  • increasing technological literacy and skills (34%); 
  • providing a new immersive way to connect people (34%); 
  • creating completely new job opportunities (30%); 
  • meeting your loved ones whenever you want (30%);
  • more possibilities in education (29%); 
  • giving opportunities for self-expression (27%); and
  • helping people overcome disabilities (39%);

In a separate survey, some people said they would join the metaverse for the arts and live entertainment (48 percent), while others would do so for bitcoin and non-fungible tokens (44 percent). 

YED, as the new meta-web service, presents a unique social and economic infrastructure that can address various facets of growing social demands and expectations in a metaverse. It would transcend the types of services and benefits that a typical website can provide. The YED meta-web service will provide cutting-edge technological features that will supplement the services provided by various sectors, such as finance, education, entertainment, and even the medical field.

How Acent Blockchain Technology will deliver a Decentralized Gamified Web

The Acent decentralized immersive gamified Web service combines the advantages of the Web 3.0 architecture with robust software development tools that enable immersive high-end graphical capabilities. The Decentralized Gamified Web, developed with Acent blockchain technology, is the next iteration of the Acent Web 3.0 (Osiris Web. 3.0) browser, ushering in a paradigm shift to the latest web technology. 

From simple two-dimensional graphics and centralized Web 2.0 applications, Acent blockchain technology is releasing the base application service that provides the first metaweb Operating System (OS) by combining decentralized Web 3.0 Internet with high-end gamification technologies. 

Acent will advance the Web 3.0 architecture to the next level by delivering the next evolutionary stage of immersive, remunerated, and highly scalable decentralized consumer infrastructure applications, mainly through the YED reality simulation metaweb service. 

Old Web vs. Metaweb

Articles

  • What is YED and its features?
  • 1. MRL (Metaverse Resource Locator)
  • 2. Meta-sites
  • 3. Decentralized Autonomous Organization (DAO)
  • 4. Establishment of a meta-application development culture
  • 5. Open-source
  • 6. Meta-Application Publishing
  • 7. High-end, immersive graphic experience
  • 8. Freedom to create and trade meta-assets and meta-commodities

What is YED and its features?

Your Earth DAO (YED) is a new web service that runs on the Acent mainnet’s base layer and is intended to be the ideal form of an immersive gamified web. This life service platform utilizes the Acent Web 3.0 (Osiris Web 3.0) browser desktop application interface technology and is capable of in-house application publishing, launching, and management services through integration with its DAPPX service. The best way to visualize this concept is to imagine a blockchain-based “Steam” – the popular online gaming platform. 

With DAPPX support, YED makes it possible for businesses and high-performance applications to be published and built within, but not limited to, a public meta-space that is shown in real-time on a 1:1 scale of our planet. By compensating users based on the amount of traffic they attract, new jobs and economies are created using Acent as the base currency. YED envisioned a web service modeled after the Ready-Player-One style that is built with utility NFTs and inspires people to build their own businesses. Recognize that the emergence of a new breed of consumers seeking instant emotional gratification via brief compelling visual cues, as well as the evolution of AV/VR technologies, necessitates a much more exciting and innovative way of experiencing the web in order to propel internet consumer markets forward. 

Due to technical limitations, the current metaverse products do not provide a compelling consumer experience. Thus far, these products offer little more than walking around and playing microgames or small-scale activities allowed by centralized developer teams. The goal of YED is to change that dynamic. It is capable of allowing anyone to create, submit, and publish what we call “meta-apps.” Full-scale applications within the YED, such as high-end games, CDN (Content Delivery Network), defi applications, or social media platforms, are made possible by Acent’s unique architecture, which enables third-party developers to publish Acent meta-apps using sophisticated tools such as Unity and Unreal Engine rather than non-open-source centralized mini-game developer tools with limited expressive capabilities. 

Therefore, developers in YED can create their own versions of P2E Starcraft or MOBA for public consumption within the metaverse. The first live showcase demonstration of what you can do with the Acent blockchain is the COBA or Crypto Online Battle Arena. It is a play-to-earn app like the popular League of Legends game that will be fully rendered inside the virtual YED service. COBA has been developed using the same tools a third-party developer would use to deploy their meta-apps on the metaweb.

Users will meet this giant gatekeeper in COBA

The Acent team is excited to share more information about the businesses and products that users will be able to create in the near future. COBA is a fantastic example of how the Acent blockchain defines a scalable metaverse service. Acent envisions a meta-space where people can express their creative potential to the fullest without being hampered by outdated architecture. In this regard, any developer can now join the alpha Acent developer program and start developing meta-applications with Unity and Unreal Engine. They can start submitting their play-to-earn products to be propagated in the YED without dealing with a simple line of code for smart contract interaction. The unique Acent crypto engine interface handles all the heavy lifting that is required to interact with the blockchain. More on this topic is shared within our developer documentation section of the YED website.

The succeeding sections present each of the unique features of YED, the Decentralized Gamified Web from Acent Blockchain technology.

1. MRL (Metaverse Resource Locator)

MRLs will be the next generation of URLs (Uniform Resource Locators). A URL is an address within the web network that directs users to a 2D magazine-style website.

In contrast, an MRL is a physical location in metaspace. The MRL provides the user with a 4D site experience. Each MRL address will be associated with a metaverse XYZ axis coordinate. They are recognized by the Acent Web 3.0 (Osiris Web 3.0) browser and the Acent metaweb operating system, but not by conventional centralized browsers. The MRL system is being built to be registered and auctioned in the same manner as traditional domain names. More information will be provided via our community updates.

The Metaverse Resource Locator (MRL) locates the actual web address in the metaverse.

2. Meta-sites

A “metasite” is defined in the Acent-powered metaweb YED as a location offering a metaverse service where visitors can teleport and experience a variety of objects and applications deployed by the site owner. A meta-site will typically have been registered under the XYZ coordinates within YED’s public meta-space at a 1:1 scale of the actual planet Earth rendered in Unreal Engine 5. Any metasite owner who purchases an MRL address can gain access to their MRL. That address is recognized in the YED and allows a user to teleport to the metasite. The typical syntax for a metasite is yourmetasite.ace.

The meta-site experience holds more value to businesses because it is more engaging as it provides 3D visual and auditory features that are more appealing to the new generation of web users who have a shorter attention span and a stronger reaction to visual stimulation than the traditional site browsing experience confined within a 2D monitor screen or text-based information.

3. Decentralized Autonomous Organization (DAO)

A crucial part of Acent’s gamified web is its decentralized governance feature. It is a promising structure regardless of hierarchy or status, where everyone can have a say or vote in the decision-making process. Participants in DAO governance can either be users, developers, or community members who have spent time creating content on the metaweb and hold EDAO tokens. 

The YED metaweb reality envisions a self-sustaining platform where decisions about the important matters on the platform are made by the community while redistributing habitat base service charge earnings back to the EDAO governance token holders. In assessing projects or proposals, the YED is guided by the following principles: 

Guiding principles

Equity 

As a life-service platform, YED ensures that everyone has access to opportunities and advancement in YED. The YED team will continue to identify and address the barriers that prevent the full participation of all members on the platform.

The YED platform will use the EDAO token to represent the participation of each member. All members holding an EDAO governance token may submit proposals and vote for various matters on the platform. The more EDAO governance tokens one has, the greater his/her voting power. 

Transparency 

All YED proposals submitted, processed, and approved will be posted in designated communication channels that are visible to the public. Each YED member of the community is informed about the recent changes in the platform – whether they be technical upgrades or policy improvements. 

Authenticity

The YED platform is intended to provide people with an authentic and parallel web reality experience in which they can mirror their physical world experiences to the virtual world. The platform will be open to the public’s suggestions on how to improve their immersive experience on the YED metaweb. 

Creativity 

The YED is a dynamic parallel web reality system that encourages the monetization of all its members’ creativity and resourcefulness within a governance environment in which they can decide their own policies. All creative proposals that will improve the platform are welcomed. 

Membership

Participating in the idea submission, commentary, proposal submission, and voting is restricted to holders of EDAO Governance tokens. 

With the EDAO token, users will have: 

  1. the privilege of receiving ecosystem earnings from the UBI pool;
  2. the ability to submit proposals that could affect the governance of the YED platform; and
  3. the ability to trade the EDAO token in the Acent DEX at a market price.

The YED Foundation Board 

The YED Foundation Board is closely responsible for day-to-day administration, oversight, management, and other tasks that ensure the submitted ideas and proposals of the YED community have been well selected and funded to become a reality.

The YED Foundation board of directors initiates important matters concerning the growth of the metaweb. They may be able to exert control over ACE’s management simply because they own more EDAO tokens, which have yet to be issued. It is made up of two parts: the Administrative Board, which accepts and reviews DAO proposals; and the Project Management Team, which guarantees that DAO projects that have been authorized are funded and implemented.

Currently, anyone with sufficient EDAO can exert influence over the DAO. If a wallet contains more than 9% EDAO, it should have the ability to veto core team decisions.

The YED Governance Proposal Process

The YED governance proposal process would start with the submission of general ideas evolving into a full-blown proposal. Each of the proposals should fall into one of the three main categories below: 

  • Technical Improvement Proposal – any proposal or suggestion to improve the platform’s technical features, which may include graphics, sounds, gameplay, avatar features, environment, and so on.
  • Admin and Process Improvement Proposal – any proposal or suggestion to improve the processes in the metaweb, including but not limited to the purchase of lands, the purchase and sale of digital assets in the NFT marketplace, gas fees, general administration, and so on.

Proposals may also refer to the improvement of procedures, guidelines, or proposed changes to the decision-making process, tools, or environment of the DAO or the Foundation.

  • New and Innovative Project Proposals Needing Fund allocations – the community may propose creative or innovative proposals that do not only improve but grow the YED platform.

Abstract – 150-200 words that summarize the proposal. It must include a statement explaining why the YED community should implement the proposal.

Rationale – An explanation of how the proposal aligns with the YED Community’s mission and guiding principles.

Significance of the proposal – a description of how or why the proposal will help the YED community.

Key Terms (optional) – Definitions of any terms within the proposal that are unique to the proposal, new to the YED community, and/or industry-specific.

Implementation strategies – include a detailed breakdown of the platforms and technologies that will be used. It also lists the steps that need to be taken to put the proposal into action, along with the costs, manpower, and other resources that each step may need.

Timeline – Important timing details, such as the start date, milestones, and completion dates.

Overall Cost – The total cost to implement the proposal.

The author can add additional fields to any template if necessary to fully communicate the intentions, specifics, and implications of the YED Improvement Proposal Draft.

Details of the guidelines and protocols for the screening process will be released as the DAO goes live after the initial EDAO tokens are distributed through Acent pledging and land purchases.

4. Establishment of a meta-application development culture

The play-to-earn (P2E) mechanics and economy are among the perceived drivers that would propel the widespread use of blockchain (see figure below). However, one lesson learned is that sustainability requires more than just becoming a “Play-to-Earn” platform. The platform should include modes and features that appeal to players who are not motivated by financial gain. 

This is why Acent’s decentralized gamified web does not operate on a strictly “Play-to-Earn” basis, but rather has evolved into a high-performance, immersive, reality-based ‘Ready Player One’-style metaverse service. Acent would enable developers to create or develop their own applications and convert non-blockchain games or other applications to blockchain-based applications – all of which could be deployed to the metaweb YED public domain to reach a global audience.

Perceived drivers for mass adoption of blockchain (Source: Venture Beat)

5. Open-source

A web service’s high-risk assets include system algorithms that define data feed exposure rules, censorship policies, and search engine logic. It is well known that centralized tech firms can spread ideas and control large populations by censoring vital information or promoting malicious content. To counteract this threat, web service components such as the Liberty meta-search engine, governance applications, ads feed algorithms, privacy protection feature-related systems, and others will be released gradually. These features will remain an open source for the public to audit and scrutinize their algorithms. Furthermore, as the ecosystem matures, fully replicable versions of the YED source code will be made available to the public for building and testing on their local machines for Layer 1 metaweb applications in the future.

This means that as the service gains traction, the decentralized Gamified Web’s source code, except for parts that are at risk of being corrupted, will be gradually shared with the community. Developers will gradually be able to verify, audit, download, build, and run local versions of meta-services on their machines. Users are encouraged to stay tuned to Acent’s official Github account to be able to participate in creating the new web.  

6. Meta-Application Publishing

Meta-applications are large-scale apps that include social media platforms, high-end games, and CDN (Content Delivery Network) services developed by anyone who wants to build a business on the metaweb.

Each meta-application or meta-business of Acent requires its own distinct MRL site address for the public to teleport to and gain access to. An MRL, or Metaservice Resource Locator, is a parallel version of the current URLs, or Uniform Resource Locators, but with XYZ axis location information to allow users to locate them in the metaverse.

The MRL will eventually supplant the current mode of browsing, which directs users to a static, two-dimensional website. In a decentralized gamified web, accessing an MRL site would require the user’s avatar to physically enter the digital store or simulate a first-person perspective experience of immersing into the spatial content through VR functionality, rather than being directed to a magazine-format website address within a flat-screen based browser.

Users may expect to see virtual stores and blockchain-based digital structures at various MRL locations throughout the Acent metaweb. Additionally, they will be able to purchase NFT and physical goods in MRLs. In this way, the meta-application developed by Acent will provide an authentic gamified web experience.The Acent blockchain-rendered metaweb is critical in the meta-application publishing process. This is a trend-shifting moment because developers won’t need to deal with complex and high-risk smart contract deployment tools to build high-quality P2E apps. Small teams with moderate training in easy-to-use tools such as Unreal Engine can build play-to-earn applications on the metaweb. Join the Acent Alpha Tester developer program to learn more. Details will be made available in the community updates.

7. High-end, immersive graphic experience

Immersion is defined as realistic visual graphics aided by but not limited to AR/VR technology and high-definition 4D environment rendering. This is referred to as “gamification” in this document.

Acent’s metaweb service is an immersive, gamified, and decentralized new web fabric. Indeed, it would be the closest approximation to Ready Player One’s fundamental socio-infrastructure. It may become an innovative expansion to the current 2D, rectangular Web 2.0 browser experience projected on the user interface. This decentralized gamified web would deliver an enhanced gamified visual experience.

The technology utilized by the decentralized gamified web permits users to experience an extension of actual reality. Users will be able to maximize their immersive graphic experience through a first-person perspective driven by VR headsets or also allow them to explore the metaweb without a VR headset with an avatar-based user.

8. Freedom to create and trade meta-assets and meta-commodities

  • Meta-assets 

YED meta-assets are NFT assets created within the YED ecosystem that can be imported from the YED ecosystem and sold on a third-party NFT marketplace such as Opensea.io. This may consist of, but is not limited to the following: 

  • NFT real estates such as metahomes or NFT digital houses; 
  • NFT vehicles, such as cars and spaceships;
  • wearable, skins, and avatar;
  • crypto arts; 
  • resource mining assets such as the unique pylon NFTs; and
  • other digital infrastructure.

Each of these assets is backed up by a smart contract that can be stored in a digital or crypto wallet.

  • Meta-resources and commodities

Meta-resources and commodities are digital raw materials in the YED representing the physical resources of the real world. Meta-resources can be mined inside a spot of YED land through Pylons. Each meta-resource can also be traded or sold on an NFT marketplace.

Pylons are utility NFTs that enable users to farm raw materials or meta-resources. A Pylon itself is also tradeable. To produce meta-resources, Pylons need to be planted in the YED land. Only one Pylon is allowed per spot of land.

Existing Pylon NFTs

Mining would take place within 24 hours of the planting of the Pylon. More Pylon types will be developed to represent various resources in the real world. Users may read the article on starting a metaverse building business with pylons to learn more about it. More details regarding the release of Pylons will be posted first in the community updates.

Technical Components of the Acent Metaweb Services

Acent’s metaweb services

At the center of the decentralized gamified web is the YED. Its technical functionalities will be supported by the following architecture:

Articles

  • Acent Mainnet
  • Consensus
  • Ascended Tokens
  • Acent Meta Browser (Osiris Web 3.0)
  • Acent Metawallet
  • Acent Crypto Engine Interface (ACEI)
  • DAPPX
  • Acent DEX - “Acent Swap”
  • Acent as a Layer 1 Blockchain Solution for Immersive Web

Acent Mainnet

Current blockchain networks, such as Ethereum, are not built for high-performing applications. With only an average of 17 TPS, it is almost impossible to have real-time transactions, let alone load them with heavy graphics. 

The Acent Mainnet is being built to become a more efficient and secure blockchain infrastructure in the market. Acent’s codebase, which is the Open Ethereum Parity 3.3.5 stable version, can be easily configured and supports several unique APIs, making it more accessible for businesses, developers, or individuals interested in adopting blockchain technology for meta- application deployment. Due to its ease of customization, it is suited for modular adoption. It is ideal for projects that require light integration of blockchain into their service or product. 

The Acent Mainnet addresses the issue of slow cryptocurrency transactions by making its system light, highly scalable, and interoperable. It has a unique consensus mechanism called the Proof of Stake Authority (POSA), which requires only a few validators to process a stable 400–500 transactions per second securely. Future updates will introduce higher TPS solutions as the network undergoes updates.

The Acent mainnet relies on “authorities” instead of nodes to solve arbitrary mathematical problems. Data on-chain is signed off by the majority of authorities to become part of the permanent record. Usually, there is higher accountability and security in this approach than in a network based on Proof of Work (POW) consensus algorithms. 

Among other advantages of the Acent Mainnet over the other networks include:

  • maximized incentivization of EDAO holders through the distribution of Acent from the ASAP (Acent Substance Accumulation Pool) into the UBI earnings pool.
  • savings for users and businesses through lowered or cheaper transaction fees.
  • accelerated adoption and enhanced user approachability through integration with the Acent Web 3.0 (Osiris Web 3.0) browser.
  • more consistent throughput as blocks are validated at regular intervals.
  • integrating tools and ecosystems, which results in a seamless experience while maintaining TPS speeds. 
  • less computationally intensive. Mining requires lots of computation, but having a few validators or authorities will speed up the process;
  • provides better graphic performance with lower transaction latency. Its crypto engine interface architecture makes it easy to work with high-end gaming and entertainment tools like Unreal Engine 5 and Unity; and
  • less potential for security invasion. An attacker with an unwanted connection or hacked authority can not overwhelm a network, potentially reverting all transactions.

By utilizing the Acent Crypto Engine API, the Acent Mainnet addresses latencies in cryptocurrency transactions without sacrificing the graphic resolution and performance of Triple-A applications in its system. This is possible through a careful orchestration of the Acent blockchain, DAPPX functionality on the Acent Web 3.0 (Osiris Web 3.0) browser, and Metawallet integration via the Acent Crypto Engine API. 

Running the authority nodes in the Acent Mainnet

Below is the result of the beta testing of ACENT’s POSA using 4 validators via the JMeter test:

Result of Acent POSA with 4 validators is 45 TPS or 0.02 seconds per transaction

Consensus

  1. POSA (Proof of Staked Authority)

ACENT uses the Proof of Stake Authority (POSA) Consensus, which has evolved from the old POR (Proof-of-Reliability) algorithm. The ACE POSA is a hybrid form of consensus that enhances the Clique Proof of Authority Consensus with built-in DeFi-like staking rewards for all participants. 

Clique POA consensus protocol has a unique feature wherein only designated signer nodes can seal/mine the blocks. This means there is no energy and time-consuming hash mining involved, in contrast to Ethash (Ethereum’s PoW algorithm). Only nodes that are in the list of signers can seal the blocks. In the absence of hash mining, Clique creates a block in a predefined period of time. This significantly speeds up base transaction processing time by 5X as compared to Ethereum.

We modified the Clique POA consensus so that instead of the signers getting the transaction fees, these fees will go to a reward pool called the Acent Substance Accumulation Pool (ASAP). A built-in staking smart contract called Acent Rewards Smart Contract (ARC) will enable users of the Acent blockchain to participate by staking ACENT into ARSC and obtaining proportionate ACE rewards from ASAP. Eventually, these rewards are added to the UBI system, benefiting the EDAO governance token holders, who are eligible to claim their share of earnings from the entire ecosystem depending on how much EDAO they possess.

Consequently, this hybrid consensus enables the ACENT network to speed up transactions while keeping fees low and minimizing the network’s labor intensity. Furthermore, it also enables users to participate in decentralized fee farming.

  1. Signers/Validators

Initially the signers/validators that would validate and seal/mine the blocks will be defined in the genesis.json. The signers are updated dynamically via the Clique POA protocol of the Acent blockchain.

  1. Fee burning process Acent per transaction

 The Acent token is burned in the following ways:

  1. Acent is burned using Acent Nitro (Gas) for every on-chain transaction, which generates Nitro gas fee. 
  1. Nitro gas is taken from all Acent Mainnet validator nodes using a helper script running on each secure validator node. All Nitro gas from each validator node is sent to POSA’s smart contract address.
  2. The POSA smart contract is activated, and the amount of Nitros to be burned is calculated using the formula Y = X * 9%. Where:
    • “X” is the input or the number of ACE that will be burned at a 9% burn rate; and 
    • “Y” is the burned amount that is sent to the UBI wallet address of the Acent Foundation.
  3. Then the 91% left from X is divided by the total number of POSA hot wallets of Acent. In this case, there are 3 POSA wallets, so Z = X / 3 or in another expression, Z = the 1/3 of X.
  4. Z is then sent to each POSA hot wallet.
  5. POSA Smart Contract finishes processing. The POSA Smart contract waits for the next transaction to be processed again from Step 1.

Ascended Tokens

The Acent blockchain has its own version of wrapping called “Ascending”, which allows users to convert BTC, ETH, or another wrapped contract as Acent-wrapped versions of their selected cryptocurrency. For instance, an ascended ETH will become AETH and WBTC to ABTC and will be sent to the user’s Metawallet. The ETH or WBTC will then be held in custody within smart contracts to maintain a 1:1 value between the original and ascended tokens.

ETH and ERC20 tokens will be equally transferable as ascended tokens on the Acent chain.

The Ethereum Bridge Smart Contract (EBSC), Crypto Bridge Oracle (CBO), and Acent Bridge Smart Contract (ABSC) via Acent Token Bridge (ATB) will facilitate the wrapping and ascending of corresponding tokens, similar to the Eth ACE to ACE swap/conversion process.

The Acent Governance Smart Contract facilitates the nomination, approval, and listing of wrapped or ascended tokens on the Acent Blockchain.

Acent Meta Browser (Osiris Web 3.0)

Acent Web 3.0 browser (formerly Osiris Web 3.0 browser) is the third most popular Web 3.0 blockchain browser after Brave and Opera and the first-ever metaweb browser. It has been renamed the Acent Meta browser to reflect the data security and meta web rendering enhancements necessary to deliver a fully parallel reality web service. A large number of applications that support the Acent Mainnet are provided through the Acent meta browser. This includes the optimized dApp marketplace with Steam-like application management and launchpad capabilities, as well as Metawallet, the user authentication method, and blockchain asset vault. 

As a metaweb operating system launcher and navigator, the Acent Meta browser (Osiris Web 3.0) plays a crucial role in meta-application ecosystems as it is being redesigned to accommodate the specifications required for metaweb services. We are pleased that we may be able to release the alpha version of this sooner than the community had anticipated in order to establish a benchmark for how a metaweb environment should appear, sound, and feel. It is the fundamental tool for exploring the decentralized immersive web. 

Acent Web 3.0 is compatible with various decentralized apps.

In addition to metaweb application rendering, the Acent Web 3.0 (Osiris Web 3.0) browser has enhanced traditional web features such as a built-in armor that automatically blocks intrusive advertisements, blocks third-party cookies that profit from your private data, and has a Device Identity Protection feature that protects users from identity theft, including data or password monitoring. These enhancements have made browsing the web three to seven times faster, made it easier to stay anonymous, and made security stronger.

The Acent Web 3.0 (Osiris Web 3.0) browser has been included as one of the top 10 browsers for cryptocurrency in 2022 by Rigorous Themes and the top 5 browsers for 2022 by Browsers to Use.

Acent Metawallet

The crypto wallet of the Acent blockchain technology will position itself as a one-stop multi-wallet addressing the following features: 

Acent Metawallet offers fast and seamless crypto transactions.

  • Safely stores and manages crypto assets – The Acent metawallet ensures that all NFT and cryptocurrency assets will receive the highest level of security. A cryptography-based privacy-preserving computation technology is present in all of Acent’s product ecosystems, making all the data available but not visible, thus making data privacy fully protected. 
  • Supports various types of cryptocurrencies– As the product matures, the Acent meta-wallet aims to be compatible with more than 90% of all major networks in the blockchain market. At the moment, it covers ETH, TRX, and first-party cryptocurrencies such as ACE and DAPPX. It plans to cover other major main networks, such as BTC, SOL, and DOT. 
  • Allows dApp integration – The Acent multi-wallet directly connects to decentralized applications that you browse within the Acent Web 3.0 (Osiris Web 3.0) browser. This ease of interaction will be experienced by users as they navigate through a decentralized finance game (defi game), a decentralized exchange (DEX), or a decentralized finance (defi) service. Popular dApps like DAPPX and Your Earth DAO would work right out of the box with the Acent metawallet.

Acent Crypto Engine Interface (ACEI)

The Acent Metawallet uses sophisticated technology that can access decentralized applications (dApps) from multiple blockchain networks in one application. Known as the Acent Crypto Engine Interface (ACEI) it will provide the following features to the Acent metawallet:

  • Integration Platform – Allows third-party application developers to showcase their product and publish it to DAPPX, as well as use Acent services by utilizing ACEI P2E APIs benefitting all users. This means developers will be able to develop P2E resource-heavy, high-end applications using gaming engines such as Unreal Engine 5 and Unity without involving smart contracts;
  • ACEI  Base Layer (Microservices) – the main engine that can easily scale up to 300,000 digital transactions per second with zero transaction fees pooling cryptocurrency transactions into the system for back-end processing; 
  • ACE API (Microservices) –  the technology that functions in tandem with the OCEAN Engine to simplify crypto transactions by removing the need to transfer cryptocurrencies to a centralized exchange and then trade them again. Because of this technology, users no longer have to send funds to the exchange and risk losing money to transaction fees and the volatility of crypto prices; 
  • Crypto Payment Processor (general) – Processor that is being developed to accept seamless payment exchanges from any cryptocurrency through Payment Processor Snippets (PPS);
  • Multichain crypto swaps – send and accept different types of crypto inside the built-in metawallet; 
  • Purchasing of ACE token – OCEAN supports the ease of purchase or conversions of ACE tokens via an Exchange API that would register the live rates of token for purchase; and
  • SSO (single sign-on) – enables users to use the ecosystem application with a single sign-on without having to give up their personal information to any centralized tech firm in the hope that it will not be abused for mass consensus control and dissemination of global agendas that pose fatal risks.

Because of the power of ACEI technology under the Acent blockchain, users may experience the following features:  

  • Real-time crypto transaction processing;
  • Fewer transaction fees while using Ace cryptocurrency;
  • Single sign-on (SSO) for all three ecosystem components (i.e. Acent metawallet, dAppstore, COBA, and third-party meta-apps); 
  • Multiple important cryptos are available in the wallets for the popular crypto games without complicated swaps and outrageous fees; 
  • Scalable microservices to withstand a load of simultaneous transactions at a time; and 
  • Better return on investment (ROI) based on fair participation and contribution to exciting new user-generated meta-spaces and meta-application, which naturally allows them to actively monetize their passion.

DAPPX

DAPPX is the Steam-like platform and the application launcher of Acent’s blockchain-based appstore.

Acent Desktop Application Interface, the technology behind DAPPX, allows decentralized assets to function in a high-performance environment to provide scalable speed and data processing finesse for applications that tailor mass adoption of decentralized ecosystems. 

With DAPPX, you can launch decentralized apps and games by downloading them to your PC and taking full advantage of the computing power from your local memory, GPU, and CPU resources.

Here are some of the features of the Acent Desktop INterface technology with the DAPPX platform:

  • Renders high-performance applications with high quality graphics – the YED metaweb service is one of the P2E blockchain ecosystems that renders high-end resolution and real-time graphics. With the Acent Desktop Application Interface, users can enjoy a seamless connection between P2E games and the Acent metawallet, allowing them to not only play games but also buy and sell NFTs. This makes the entire process of metaverse applications – that rely heavily on complex token economy rendering – a pleasurable and hassle-free experience;
  • Functional marketplace – another user experience in DAPPX is similar to the popular appstore on the market (i.e., Google Playstore). DAPPX will enable users to access their favorite blockchain-based applications; and
  • Application launchpad and marketing services – it allows a complete service ecosystem for users and businesses.

More details about DAPPX can be accessed in the DAPPX Whitepaper 2.0, which will be released soon. 

COBA is the first meta-app MOBA game published within the YED meta-space.

Acent DEX - “Acent Swap”

The Acent Swap is the Acent’s version of the PancakeSwap from the Binance Smartchain. Acent Swap is an automatic liquidity acquisition yield farm with a built-in Auto Market Maker (AMM) decentralized exchange that matches the crypto asset price to the existing market price. It has several other unique and creative features that allow users to earn rewards, such as: 

  • Trading pairs – traders can get ADE extra token rewards for every trade they conduct in specialized trading pairs. An ADE is a governance and reward token similar to the CAKE token in PancakeSwap. For most trading pairs, traders will receive an ADE trade token. This is an incentive for projects to use Acent decentralized exchange for their cryptocurrency swap. 
  • Acent Liquidity Pool – A liquidity pool is a mechanism by which users can pool their assets in a DEX’s smart contracts to provide asset liquidity for traders to swap between currencies. The Acent liquidity pool through the smart contract automatically raises the price floor continuously. The liquidity pool is locked and inaccessible within the prescribed period. The liquidity providers profit when the trading volume is high; the greater the trading volume, the greater the fees are collected in the liquidity pool.
  • Harvest Lockup – A harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.

The main strength of Acent Swap as a decentralized exchange is that it runs on its own blockchain, the Acent Mainnet, which makes the platform faster and more secure. It has anti-whale security features that make sure it doesn’t allow people who have a lot of money to manipulate the price action of a cryptocurrency. This may include heavy volume selling of cryptocurrency to create a panic or run in the market. Transfers of more than 1/2 of the total supply will be rejected in the Acent Swap. As the total supply grows, this ratio will be reduced.

The Acent Swap Exchange v2 is a complete fork of the stable UniSwap v2 engine and Pancake User Interface. Its factory and router smart contracts are nearly the same as UniSwap. This means that the smart contracts that hold your cryptocurrency or liquidity are just as secure as the UniSwap.

Acent as a Layer 1 Blockchain Solution for Immersive Web

Acent is a Layer 1 solution for the metaweb.

The steady increase in metaverse users is expected to cause network congestion, eventually leading to higher transaction fees. Most blockchain metaverse platforms have been built directly on top of the Ethereum blockchain, which is already a fully-loaded network. As a result, architectural limitations such as scalability issues, high transaction fees, and delays in processing basic transactions have been a major challenge for them.

Building the metaverse on the Ethereum mainnet (Layer 1) would most likely address security but not scalability due to its low throughput of only 17 transactions per second (TPS), potentially resulting in extremely high gas fees.

As a result, a new solution to run the Your Earth DAO metaverse was proposed: a first-layer protocol built on the Acent blockchain that would address all inefficiencies in existing metaverses.

Acent blockchain scaling solution is launching Your Earth DAO as the first of many other simulated parallel reality web services that will give users a compelling blockchain user experience.

The Acent blockchain technology will provide the following capabilities to the Your Earth DAO metaverse:

  • Full compatibility with decentralized applications from other chains— this allows users and developers to import Ethereum-based decentralized applications (dApps) into the Your Earth DAO metaverse. Users will be able to create their own NFTs and deploy them on the metaverse platform without having to change their development environment to deploy their decentralized applications to the Your Earth DAO metaverse.
  • Lower fees — Because Nitro fees of Acent, which are similar to gas fees in Ethereum, are relatively inexpensive in Layer 1 solutions, users can enjoy value exchanges of their digital assets and NFTs as frequently as they want without the financial burden.
  • Fewer validators equate to faster transactions — Acent’s unique Proof of Staked Authority (POSA) consensus mechanism validates the chain coming in the blocks with only a few validators. As a result, it will not only have lower transaction fees, but it will also have one of the most stable and fastest Layer 1 solutions on the market.
  • Reduces scalability issues — With zero transaction fees, the Acent blockchain will be able to process NFT and crypto exchanges at a higher but stable 400–500 on-chain transactions per second (TPS) and 300,000 digital transactions per second (DTPS). This is faster than the Ethereum chain, with an average of only 17 TPS. 
  • Promotes Decentralized Autonomous Organization (DAO) — DAO is a Layer 1 feature of the Acent blockchain technology that allows Your Earth DAO users to vote on issues (big or small) that may affect or improve the platform’s governance.

Protects NFT digital assets from hacks — there are three main reasons why the system is highly protected: i) Acent Mainnet is deployed on high availability, high-performance network that is a financial certified server; 2) it has two-layer, end-to-end service protection for Distributed Denial of Service (DDoS) attacks; and 3) all web servers are protected by Secure Sockets Layer (SSL) which means it uses encryption algorithms to scramble data in transit, preventing hackers from reading it as it is sent over the connection.

Acent ($ACE) Cryptocurrency Allocation

There are a total of 2 billion Acent cryptocurrency. A maximum of fifteen percent (15%) is set aside to reward EDAO token holders under the Metaweb Incubation Fund and to foster the growth and adoption of the metaweb. Thirty-five percent (35%) of the Acent crypto is allocated to the Reserve Fund.  Ten percent (10%) goes to the Team, five percent (5%) to the Partners, five percent (5%) goes to Marketing initiatives (including airdrops and rewards), ten percent (10%) goes to the Developers, and twenty percent (20%) goes to the General Public. 

Acent cryptocurrency distribution

The Reserve Fund will be utilized for the expansion of the ecosystem. Hackathons and grants will be supported to strengthen the system. Existing marketing promotion strategies are also available.The team is dedicated to achieving its goal of becoming the industry leader in blockchain technology. 

The team will do its best for the community and to contribute to the mass adoption of blockchain through Acent technology.

Acent Roadmap 2.0

A. Accomplishments as of 2022

  • Acent Webwallet Launch
  • Osiris iOS Release 
  • Acent POSA(Proof of Staked Authority) Testnet Launch
  • Acent Crypto Engine SSO Beta Deployment
  • Acent Dappstore Desktop Application Interface POC 
  • dAppstore Web App Integration into Acent Windows, iOS, and Android
  • Acent Crypto Engine Multiplayer Gaming Engine Integration with Dapp Arcade Beta Build
  • Your Earth DAO dApp Acent Crypto Engine SSO Integration
  • Acent POSA (Proof of Stake Authority) Smart Contract Deployment for DeFi on testnet
  • Wonderwallet Multi Crypto Support
  • Acent POSA (Proof of Stake Authority) Testnet Launch
  • Acent Desktop Application Interface Gaming Module POC
  • Acent Mainnet Ownership Distribution Mining Protocol Launch 
  • Acent  Desktop application Interface Alpha crypto gaming engine 
  • Acent Crypto Engine SSO Rewards System Production Deployment 
  • Acent POSA (Proof of Stake Authority) (Beta) Testnet Launch
  • Unreal Engine 5 Integration Into Acent Desktop Application Interface For the Acent Browser
  • COBA meta-application public arena multiplayer POC
  • Metaweb OS POC
  • Acent Crypto Engine Integration with Acent Desktop Application Interface 
  • Acent Play-to-Earn Developer Program Alpha Tester Architecture POC
  • Play-to-Earn Developer API services Alpha test
  • YED SSO integration
  • Unreal Engine 5 Integration into Your Earth DAO Staging Environment
  • DAPPX functionality expansion to “Steam”-like application management Alpha test
  • COBA meta-application public arena multiplayer Staging Showcase 
  • Acent Swap Liquidity Pool and farming functionality Alpha test
  • Your Earth DAO web application land sale module release
  • YED integration with 1 to 1 
  • COBA multiplayer ready-player-one style matchmaking area SAT demo
  • Acent pledging for EDAO distribution POC
  • Metahomes NFT Alpha SAT
  • Acent 2.0 tokenomics EDAO and UBI pool architecture POC
  • Metaweb OS YED VR feature POC and SAT
  • Metaweb OS dedicated server integration with YED public-metaspace POC
  • DAPPX meta-application installation module SAT build
  • COBA zone YED public space showcase integration
  • COBA battle arena integration
  • DAPPX meta-application execution module SAT build
  • DAPPX to metaweb OS wallet authentication protocol POC
  • Acent Scan testnet integration 
  • Acent Scan release
  • Meta-citizen NFT Alpha SAT
  • YED public metaspace NFT land sales module SAT
  • Metaweb OS Unreal Engine 5 integration SAT Certified

B. Acent Roadmap 2.0

C. YED metaweb phases

Below is a brief explanation of the YED metaweb phases: 

  • YED Phase 1 PLEDGING PHASE (2022, Q3) – this is the stage at which new territories are launched for a specified period and EDAO token holders begin to benefit from the UBI pools as Acent pledging takes off. These spots of land are tradable in the NFT marketplace. Users will have the option to buy their NFT spots within the Acent Metaweb OS. Due to the imminent release of our metaweb OS, we will not disclose any details about this innovative product. Simply, we will launch this earlier than anticipated. Land spot sales will be initiated not by the conventional web 2.0 browser architecture but by the metaweb OS. The metaweb OS will introduce initial builds of meta-apps such as COBA and other play-to-earn-based applications. Third-party developer companies are encouraged to start joining the Acent alpha developer program and incubate their businesses by implementing DAO structures to fund and deploy their immersive applications on the metaweb. This will be available as soon as the Alpha tester metaweb OS rolls out initially.
NFT land sample on Your Earth DAO

  • YED Phase 2 OPEN SPACE PHASE (Q4, 2022) – In this phase, users may use a VR headset to enjoy the metaverse environment. They may also opt to install an application through the DAPPX service in the Acent Web 3.0 (Osiris Web 3.0) browser that allows users to explore the open-world metaverse application using their PC or laptop. 

Users will also be able to import and post NFTs they bought from other NFT marketplaces like OpenSea in order to curate their virtual space.

Due to our team’s current accelerated development speed, deployment of large-scale meta-apps can begin much sooner than anticipated. Users are encouraged to subscribe to YED community updates to gain an early invitation to join the alpha tester program for developers and gain early influence on the new web.

.

Open-world application of Your Earth created by Unreal Engine 5

  • YED Phase 3 METACOMMERCE (Q2, 2023) – In this interactive phase, users will be able to import, create, or build digital assets in their NFT land by purchasing building materials or by planting a Pylon that creates meta-resources. Metacommerce phase is a concept where users can import their 3D digital assets into the YED, convert them into NFTs, and sell them to other users inside the metaverse. It could be 3D assets like bricks or 3D scan models of NFT characters.

Users can practically sell anything in the metaverse, thus giving them a wide range of options to develop their land. Users can make them more beautiful, more interesting, more colorful, and more engaging, thus increasing the value of the virtual land.

Digital items in Your Earth are all NFTs

  • YED Phase 4 META-APPLICATION (Q4, 2023) – In this phase, users import engaging applications to attract more visitors and foot traffic to the virtual land. This may include interactive games, portals, transportation, and other services. Every foot of traffic generated in NFT land will be tracked by an algorithm, which will compute the corresponding rewards.
Floating NFT cars in the Meta-application phase

At this stage, a special module will be released to create boundless space inside the NFT houses. Users can have a little house but could have a free space inside like the size of a football field. 

The meta-application stage would be hyper-realistic in that users would be able to perform a live broadcast in their virtual lands and have people watch as if they were sitting right in front of them. Haptic suits will also be tested at this stage.

  • YED Phase 5 META-SOCIO (Q1, 2024) – Meta-socio-phase is defined as the extrinsic and intrinsic exchange between the real and virtual worlds, and vice versa.

In this phase, digital commerce will extend beyond the YED metaverse. You can place an order for a specific device or item in the YED metaverse, and it will be delivered straight to your home in the real world. News from the virtual world is also a trend in the real world.

At this moment, the decentralized internet will have matured to a level that no metaverse company to this date has ever achieved. Web 3.0 is the next generation of the internet. It would enable a smooth transition between virtual reality and the virtual world, which would fuel the meta-socio phase of this metaverse project. YED’s dedicated browser, by that time, would be able to handle augmented reality (AR) glasses as well as other applications like holograms.

Summary and Conclusion

Acent is an attractive blockchain platform for mass adoption of high-performance applications optimized for freedom of expression for businesses and new emerging alternative economies on metaverse-based internet services. It is a unique tool for people who want to build visually stunning blockchain applications and launch them in a public meta-space that is as large as the actual size of the planet or more. 

Acent blockchain is dedicated to improving the blockchain ecosystem by making Your Earth DAO as the foundational parallel reality web service for meta-application deployment. It aims to solve known problems and implement the following improvements:

  1. Acent is 100% compatible with Ethereum developer environment tools – All Ethereum DApps can be migrated as-is into the Acent ecosystem. DApps such as Cryptokitties or Uniswap can easily be migrated or be created with their own deployment version on the Acent blockchain.
  2. Acent fosters blockchain mass adoption by lowering the financial entry barrier – Users can enjoy earning through farming or harvesting transaction fees collected on the Acent chain and distributed through the Acent Substance Accumulation Pool (ASAP).
  3. Acent fosters blockchain mass adoption by lowering the technical entry barrier – Users may receive network node hosting fees by handling complex procedures through the browser-metawallet integration.
  4. Acent resolves the Ethereum gas fee issue – Ethereum gas prices are too high, but since Acent is built on its own Layer 1 technology, Nitro gas will remain cheap and within a reasonable value.
  5. Acent alleviates scalability issues – Acent mainnet maintains a practical higher number of transactions per second (TPS) at around 1,000 TPS compared to the Ethereum chain (version 1.0).

Your Earth DAO is the technical field demonstration of what the Acent blockchain is currently doing. Acent aims to become the trendsetter in the area of parallel reality simulated metaverse applications deployment for industrial-grade products. 

YED tokenomics is also fortified with realistic user and business revenue models to serve as a benchmark among other metaverse tokenomics. ACE as the in-game currency will serve as the main tool to operationalize the businesses, services, and transactions inside the YED. It is also through which incentives and monetization will be made possible.

Alongside ACE is the EDAO token, which is considered a catalyst for unlocking the creative potential of meta-citizens on the YED platform and encouraging them to engage in crucial YED ecosystem decisions. The EDAO token will play a key role in revolutionizing how governance tokens are utilized as it compensates its holders not only for participating in the DAO decision-making process but also for ensuring that their land spot is constantly growing and advancing.

The developers behind Acent envision big changes in the way people experience web services. They are confident in the unique value proposition and hard-to-replicate technology that they are building. The creative architecture of Acent technology is designed to set new standards of quality for immersive decentralized internet services and drive the waves of change where lucrative compensation and freedom of expression can coexist for the benefit of all.

The Team

Sean Kim (Founder / CEO)

  • 10 years of experience in IT sector
  • Decenternet Association HK, Founder
  • Patent holder for distributed reward-focused Internet service provision infrastructure.
  • Creator of Acent Web 3.0 (Osiris Web 3.0) browser
  • Creator of Acent (Osiris) Metawallet 
  • DAPPX (dAppstore), Co-founder
  • Lead solutions architect for mining algorithm optimization software
  • Lead solutions architect for cloud mining management software

Angella Kim (Co-Founder / Vice CEO)

  • 7 years of experience in blockchain related business
  • Promoted and accelerated blockchain related international projects with globally recognized companies (participating in numerous blockchain related projects such as exchanges, games, IP, mining as partners)
  • Published and aired as an Asian female leader in the blockchain industry by numerous foreign media outlets such as Global Magazine (First Korean woman on the cover of The Face), Vietnamese national broadcasting and TV news,and Chinese news. Single Korean female representative who was invited to the 2019 Forbes Vietnam Business Forum amongst the top 50 Vietnamese companies.
  • Advisor of Korea Blockchain Contents Association (KBCCA)
  • Advisor of Korea Mobile Game Association (KMGA)

Shin Daisuke (Chief Technical Officer)

  • More than 16 years of product development experience,including areas of telecommunication as his main concentration.
  • Participated and supervised 180 development projects including AT&T ,Motorola, Intel, Coca-Cola, AT&T and more. 
  • Holds Data Center(TOGAF) digital architecture certification, blockchain developer certification, TELCO technical advisor certification,etc

Disclaimer

PLEASE READ THE ENTIRETY OF THIS “DISCLAIMER” SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER DECENTERNET ASSOCIATION LIMITED (THE COMPANY), ANY OF THE PROJECT TEAM MEMBERS (THE ACENT TEAM) WHO HAVE WORKED ON THIS PROJECT (AS DEFINED HEREIN) IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF ACENT TOKENS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS WHITEPAPER, THE PROJECT WEBSITE (THE WEBSITE) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY.

Project Purpose: Your Earth  DAO is a parallel web reality service platform that represents some real world assets into digital assets. Participants to the project agree to acquire Acent ($ACE) as the in-service currency and as a means of exchange on  the Your Earth DAO including obtaining services in the ecosystem thereon. 

The Acent Tech Company, the Distributor and their respective affiliates would develop and contribute to the underlying source code for Your Earth DAO. The Acent TechCompany is acting solely as an arms’ length third party in relation to the ACENT distribution and not in the capacity as a financial advisor or fiduciary of any person with regard to the distribution of ACENT.

Nature of the Whitepaper: The Acent Whitepaper 2.0 and the Your Earth DAO Website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item, or asset (whether digital or otherwise). The information herein may not be exhaustive and does not imply any element of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty, or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Acent Whitepaper 2.0 or the Your Earth website includes information that has been obtained from third party sources, the Acent Tech Company, the Distributor, their respective affiliates, and/or the ACENT team have not independently verified the accuracy or completeness of such information. Furthermore, you acknowledge that circumstances may change and that the whitepaper or the website may become outdated as a result, and that neither the Company nor the Distributor is under any obligation to update or correct this document in connection therewith.

Nothing in the Acent Whitepaper 2.0 or the Your Earth Website DAO constitutes an offer to sell any Acent ($Ace) (as defined herein) by the Company, the Distributor, or the ACENT team, nor shall it or any part of it, nor the fact of its presentation, form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in the Whitepaper or the Website is or may be relied upon as a promise, representation, or undertaking as to the future performance of Your Earth DAO. The agreement between the Distributor (or any third party) and you, in relation to any distribution or transfer of Acent ($Ace), is to be governed only by the separate terms and conditions of such agreement.

The information set out in the Acent Whitepaper 2.0 and the Your Earth DAO Website is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of Acent ($Ace), and no digital asset or other form of payment is to be accepted on the basis of the Whitepaper or the Website. The agreement for distribution of Acent ($Ace) and/or continued holding of Acent ($Ace) shall be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as the case may be) setting out the terms of such distribution and/or continued holding of Acent ($Ace) (the Terms and Conditions), which shall be separately provided to you or made available on the Website. The Terms and Conditions must be read together with the Whitepaper. In the event of any inconsistencies between the Terms and Conditions and the Whitepaper or the Website, the Terms and Conditions shall prevail.

Deemed Representations and Warranties: By accessing the Acent Whitepaper or the Your Earth Website (or any part thereof), you shall be deemed to represent and warrant to the Company, the Distributor, their respective affiliates, and the ACENT team as follows:

  • in any decision to acquire any Acent ($Ace), you shall not rely on any statement set out in the Acent Whitepaper 2.0 or the Your Earth Website;
  • you will  and  shall  at  your  own  expense  ensure  compliance  with  all  laws,  regulatory requirements and restrictions applicable to you (as the case may be);
  • you acknowledge, understand and agree that Acent ($Ace) may have no value, there is no guarantee or representation of value or liquidity for Acent ($Ace), and Acent ($Ace) is not an investment product nor is it intended for any speculative investment whatsoever;
  • none of  the  Company,  the  Distributor,  their  respective  affiliates,  and/or  the  ACENT  team members  shall  be  responsible  for  or  liable  for  the  value  of  Acent ($Ace),  the  transferability  and/or liquidity of Acent ($Ace) and/or the availability of any market for Acent ($Ace) through third parties or otherwise; and
  • you acknowledge, understand, and agree that you are not eligible to participate in the distribution of Acent ($Ace) if you are a citizen, national, resident (tax or otherwise), domiciliary, and/or green card holder of a geographic area or country (i) where it is likely that the distribution of Acent ($Ace) would be construed as the sale of a security (howsoever named), financial service, or investment product and/or (ii) where participation in token distributions is prohibited by applicable law, decree, regulation, treaty, or administrative act (including without limitation, the United States of America and the People’s Republic of China); and to this effect, you agree to provide all such identity verification documents when requested in order for the relevant checks to be carried out.

Acent ($Ace) cryptocurrency : Acent ($Ace) is designed to be utilized, and that is the goal of the Acent ($Ace) distribution. In particular, it is highlighted that Acent ($Ace):

  • has no tangible or physical manifestation and no intrinsic value (nor does anyone make any representation or give any commitment regarding its value);
  • is non-refundable and cannot be exchanged for cash (or its value in any other digital asset) or any payment obligation by the company, the distributor, or any of their respective affiliates;
  • does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or their revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or license rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to Your Earth DAO, the Company, the Distributor and/or their service providers;
  • is not intended to represent any rights under a contract for differences or under any other contract, the purpose or pretended purpose of which is to secure a profit or avoid a loss;
  • is not intended to represent money (including electronic money), a security, a commodity, a bond, a debt instrument, a unit in a collective investment scheme, or any other type of financial instrument or investment.
  • is not a loan to the Company, the Distributor, or any of their respective affiliates; it is not intended to represent a debt owed by the Company, the Distributor, or any of their respective affiliates; there is no expectation of profit; and
  • does not provide the token holder with any ownership or other interest in the Company, the Distributor, or any of their respective affiliates.

Notwithstanding the Acent ($Ace) distribution, users have no economic or legal right over or beneficial interest in the assets of the Company, the Distributor, or any of their affiliates after the token distribution.

To the extent a secondary market or exchange for trading Acent ($Ace)does develop, it would be run and operated wholly independently of the Company, the Distributor, the distribution of Acent ($Ace) and Your Earth DAO. Neither the Company nor the Distributor will create such secondary markets, nor will either entity act as an exchange for Acent ($Ace).

The Company, the Distributor, and the ACENT team do not and do not purport to make, and hereby disclaim, all representations, warranties, or undertakings to any entity or person (including without limitation, warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Acent Whitepaper 2.0 or the your Earth DAO Website, or any other materials published by the Company or the Distributor). To the maximum extent permitted by law, the Company, the Distributor, their respective affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of the Whitepaper or the Website, or any other materials published,  or  its  contents  (including  without  limitation  any  errors  or  omissions)  or  otherwise arising in connection with the same. Prospective acquirors of Acent ($Ace) should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the distribution of Acent ($Ace), the Company, the Distributor and the ACENT team.

Regulatory Approval: No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Acent Whitepaper 2.0 or the Your Earth DAO Website. No such action or assurance has been or will be taken under the laws, regulatory requirements, or rules of any jurisdiction. The publication, distribution, or dissemination of the said Whitepaper or the Website does not imply that the applicable laws, regulatory requirements, or rules have been complied with.

Cautionary Note on Forward-looking Statements: All statements contained herein, statements made in press releases or in any place accessible by the public, and oral statements that may be made by the Company, the Distributor and/or the ACENT team, may constitute forward-looking statements (including statements regarding intent, belief, or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions, and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties, and other factors that may cause the actual future results to be materially different from those described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Acent Whitepaper 2.0, and the Company, the Distributor as well as the ACENT team expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.

References to Companies and Platforms: The use of any company and/or platform names or trademarks herein (save for those which relate to the Company, the Distributor or their respective affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Acent Whitepaper 2.0 or on the Your Earth DAOWebsite to specific companies or platforms are for illustrative purposes only.

The Acent Whitepaper 2.0 and the Your Earth DAO Website may be translated into a language other than Korean for reference purposes only, and in the event of conflict or ambiguity between the Korean language version and translated versions of the Whitepaper or the Website, the Korean language versions shall prevail. You acknowledge that you have read and understood the Korean language version of the Whitepaper and the Website.

No Distribution: No part of the Acent Whitepaper 2.0 or the Your Earth DAO Website is to be copied, reproduced, distributed, or disseminated in any way without the prior written consent of the Company or the Distributor. By attending any presentation on this Whitepaper or by accepting any hard or soft copy of the Whitepaper, you agree to be bound by the foregoing limitations.

For Informational Purposes Only: The information set out herein is only conceptual, and describes the future development goals for Your Earth DAO to be developed. In particular, the project roadmap in the Acent Whitepaper 2.0 is being shared in order to outline some of the plans of the ACENT team and is provided solely for INFORMATIONAL PURPOSES and does not constitute any binding commitment. Please do not rely on this information in deciding whether to participate in the token distribution because, ultimately, the development, release, and timing of any products, features, or functionality remains at the sole discretion of the Company, the Distributor or their respective affiliates, and is subject to change. Further, the Acent Whitepaper 2.0 or the Your Earth DAO Website may be amended or replaced from time to time. There are no obligations to update the Whitepaper or the Website, or to provide recipients with access to any information beyond what is provided herein.

Acent Whitepaper 2.0 Acent Whitepaper 2.0

© 2023 Acent. All rights reserved.

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