Authtrail has launched its first token-only invitation-only community-round event. The Moonbeam Network-based platform provides data integrity SaaS. Per the Authtrail team, this community round is a one-time opportunity for investors and contributors to acquire the platform’s native $AUT token at a lower price than the upcoming public crowd sale.
After its 2021 successful fundraising round, which raised $3.6M from a variety of venture capital firms and investors, the Authtrail group aims to raise $6 million through the community round. The team will distribute 20% of the 150,000,000 AUT tokens that are available. The upcoming community round empowers users to gain the first access to the AUT token at just $0.20 per token – half the issuance price of the token for the public crowd sale.
The community round will have two rounds. This first round will be open only to whitelisted participants. The minimum contribution is $1,000. Maximum contributions are limited to $5,000. All whitelisted participants are eligible to participate in the second round. The minimum contribution is $1,000. The second round has no limit on purchases, with the maximum amount being $1,000.
The community round event’s funds will go towards increasing mainstream adoption of Authtrail, and the suite of its products in global enterprises. Only members of the Authtrail community can access this community round event. This is why whitelisting is required. If you’re already part of the community, you can register your account on the official website. Importantly, the community round isn’t open to residents from the United States, Canada, China, Cuba, Syria, Iran, Sudan, Singapore, the Democratic People’s Republic of Korea, and the People’s Republic of Crimea Region of Ukraine.
Global Enterprises Can Benefit From Blockchain’s Power
Authtrail has been able to bring data management up to a new level as one of only a few projects that is able to connect the Web 3.0 economy to the old economy. Authtrail is a set of tools powered by blockchain that enterprise can use to inspect and verify data integrity.
The Authtrail platform offers a Blockchain-based Data Integrity SaaS Platform and an adjacent
Applications that make it easier, faster, more secure, and reliable to validate enterprise data. It also allows for traceability by allowing users the ability to follow the execution of each operation within the data generation process. It has been positioned as an affordable, easy-to use SaaS solution for enterprises.
To further optimize their services, the Authtrail Team recently migrated the product from Ethereum into the Moonbeam Network. Authtrail takes advantage of the Moonbeam/Polkadot inherent characteristics to provide fast transaction throughput and user-friendliness with low transaction fees. Additionally, it also takes advantage of Polkadot’s embedded interoperability and shared security features, as well as Moonbeam Network’s on-chain governance, cross-chain integrations, and staking features.
Authtrail uses its $AUT token as the native currency. It acts as credits to execute transactions on the platform, and is also the token that serves de facto as a utility token. The AUT token model, which is deflationary, is worth noting. It means that the supply of tokens decreases when they are burned. This reduces the supply, which helps boost the AUT token value. As such, the community round is the most cost-effective method for community members to obtain the AUT token and join Authtrail’s journey towards becoming a go-to solution for enterprise data management.