KuCoin announces today that they have formally listed DACC, the inherent and transaction token of the Decentralized Accessible Content Chain, a blockchain, and IAM based project aiming to solve the digital and media content management concerns of the modern society.
Deposits are now available with trading pairs including DACC/ETH and DACC/BTC. Other transactions such as buying will commence at 19:30 pm UTC+8 and 20:00 pm UTC+8.
About Decentralized Accessible Content Chain (DACC)
Decentralized Accessible Content Chain (DACC) is described as a platform that will innovate the digital content and media industry. DACC will build a public blockchain that emphasizes ownership and access management at the infrastructure level in the digital media business. A decentralized file system that involves essential identity and access management (IAM) will be implemented to provide users and content creators methods to initiate store securely, and control access grants to their data and IP. IAM ensures that only confirmed users can access the resources they are authorized to use, and resource owners will have full administration over the user verification and authorization process.
The DACC Platform
DACC platform is world’s first IAM based platform which involves three parts, a distributed file system with built-in IAM, DACC public chain, and DACC development tools. DACC will concentrate on producing a modular based decentralized file system with IAM; this can be plugged in other public chains as well. DACC public chain also highlights strong IAM controls, with the DPOS/VRF Consensus to secure scalability. Additionally, DACC will offer development tools for various parties of the digital media industry, including content creators who have limited development resources, developers who are developing their DAPPs in the digital media industry and other blockchains who require IAM system.
The DACC token is the currency for all transactions, gas prices and bonuses to block validators and storage providers: (“DACC Token”). Additionally, a particular allocation of DACC Tokens will be applied to develop the community (10%), DACC software development, system maintenance and security development (15%), also pay the special contributors and advisors (10%). The price of the DACC Token is 1 ETH for 200,000 DACC Tokens.
DACC Token holders will not be granted any shares and management rights over the DACC platform, DACC Foundation and any subsequent company being set up. DACC Token holders will not be authorized to any dividends or income from the DACC Foundation or the DACC platform as a consequence of holding the DACC Tokens.