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Authtrail, the blockchain-based data integrity SaaS platform, has announced the launch of its invitation-only community round to boost the mainstream adoption of its enterprise-grade solutions further. This community event will consist of two rounds and is only open to whitelisted Authtrail community members.
A total of 20% of the 150,000,000 maximum supply of AUT tokens will be distributed via the event, helping the Authtrail team raise as much as USD 6 million. The first round is open to the first thousand community members, with minimum contributions starting at USD 1,000 and maximum contributions capped at USD 5,000 per user. However, the second round is open for all community members on a first-come, first-serve basis. Contributions for the second round start at USD 1,000 and have no upper cap.
According to the Authtrail team, the invitation-only community round is the most cost-effective option for community members to acquire the platform’s native $AUT tokens. A total of 30 million AUT tokens will be listed for sale, priced at just USD 0.2 each token, which is half the price set for the upcoming public round.
The Authtrail token (AUT) is the native utility token for the platform. Currently, it is used to purchase anchor credits, but it could support additional utility features in the future. Since the AUT token follows a deflationary model, the value of the tokens will go up as used AUT tokens will be burned to reduce the circulating supply over time.
Please note that the Community round is only available to Authtrail community members, that too, via whitelisting. It is not available to residents from Canada, the United States, Syria, Iran, Korea, Cuba, Sudan, China, Crimea, and Singapore.
Securing Enterprise Data With Blockchain Technology
With Authtrail, data is attached to the blockchain network in bundles, enabling faster and cheaper blockchain transactions. The plug-and-play model allows enterprises to easily implement this data integrity solution, even those without the knowledge of blockchain technology.
Authtrail’s fast, easy-to-use data integrity solution and complementary products enable companies to benefit from the unparalleled security, transparency, and immutability of public ledgers and distributed ledger technology (DLT). It is one of the pioneer projects of the Web3 ecosystem that is being used by leading companies like AVL, IBO, Iskratel, and AG, among others.
While Authtrail was initially deployed on Ethereum, the team recently migrated it to the Polkadot-based Moonbeam Network. Compared to Ethereum, Moonbeam Network offers higher efficiency and lower transaction costs. At the same time, it enables the Authtrail ecosystem to leverage other built-in features like on-chain governance, cross-chain integrations, and staking. Since Moonbeam Network is a parachain on Polkadot, it also allows Authtrail to take advantage of Polkadot’s shared security and interoperability.
As Authtrail is blockchain-agnostic, it can be easily integrated with individual blockchain networks, even private ones. On top of that, Authtrail offers a fully agile infrastructure to meet a wide range of enterprise-level needs. The service also provides Authtrail with a constant scaling of its infrastructure in line with the developing blockchain ecosystem. The platform connects company data to blockchain technology using the Authtrail API. All data is verified, hashed, and linked to the Moonbeam chain, enabling the platform to bridge real-world businesses with cutting-edge data security seamlessly.
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