The AUTX (or AdvertisingX Utility Token) platform uses the Ethereum blockchain to handle the validation of the transferred value for a promotion or event. The platform creates a trustworthy environment for promotions where traditionally trust does not inherently exist, such as: does a referrer actually believe the sponsor will pay or did the promotion get counted when redeemed with a location and other instances where motives could be potentially misaligned. Fundamentally, the platform creates a transparent system for all participants. The AUTX platform utilizes the benefits of the blockchain to make this value transfer seamless, immutable, and demonstrably fair.
The accountability achieved with the use of a public blockchain introduces more transparency, including ease of redemption and ease of auditability to the current opaque and ad-hoc promotions sector. The smart contract contains the necessary parameters from the sponsor of the promotional campaign as well as agreement of those parameters by the referrers and redeeming locations. The smart contract’s execution also provides the consumer’s consent.
The Token
AUTX Token
AUTX is an ERC-20 based token that operates on the Ethereum blockchain. It was created to aid in the creation, measurement, and redemption of promotions. By riding on the rails of Ethereum, AUTX can be easily moved between any ERC-20 token, when it becomes publicly available.
The AUTX token was created rather than just using ETH to power its platform because AUTX can be used to further incentivize use through give-aways via the tokens set aside in the user growth pool. That pool will also be used to incentivize entities to participate in the platform’s ecosystem. By using AUTX, projects (such as Goldenticket) do not have an upfront expense of purchasing ETH for the user growth incentives.
AUTX is not a digital currency nor an equity token. It is a utility token that is used as a unit of exchange between the participants in any dApp ecosystem that uses AUTX. It is also used to measure and verify attention and transaction state. In a sense, AUTX’s use represents access to the dApp's service. Since AUTX is not an equity token, ownership of AUTX doesn’t carry any rights other than enabling use on any service that uses it. AUTX tokens do not represent or confer any ownership right or stake, share or security, or equivalent rights including the right to receive future revenue share, intellectual property rights relating to any service using it or the AUTX network.
The Goldenticket promotions web app is a reward and measurement system for consumer attention for in-real-life promotions or advertisements. Promotions are easy to create, easy to fulfill, easy to redeem, and easy to measure. User engagement is very simple: there is nothing to download, no login, nor a website or app to remember. Brands or sponsors receive measurable value directly from the customer via attention. Locations receive additional customer traffic and are immediately paid for redeemed rewards. Customers receive something of value.view Goldenticket
FAQ
Frequently Asked Quesions
Where is AUTX available?
AUTX is used by the Goldenticket dApp. AUTX is currently not available to purchase by the public.
Will there be an ICO?
There are no plans for an ICO.
Why is AUTX built on Ethereum?
Ethereum is the most developed distributed and decentralized smart contract platform. It also removes the need for a centralized database for transaction validation and creates an environment of trust for all participants.
When will AUTX be publicly available?
You can get AUTX by fulfilling certain promotional activities. Given meeting regulatory requirements, AUTX is planned to be on DeFi exchanges, such as Uniswap, in 2023.
Who is using AUTX?
The Goldenticket project is currently integrating with AUTX. Initially, Goldenticket will use the token as a validation of transactions using its service. Learn more about Goldenticket here.
Can I use AUTX in my project?
Maybe. A certain amount of AUTX is set aside for user/project incentives. If interested contact us here.
