Available ACES Disciplines:
What is an ACES Token?
An ACES Token is a Digital Property registered through the ACES DTDNS © (Digital Token Driven Network System). Each Token can be transferred to eligible members of the network, or redeemed from the Token's Writer for the value of the Token.
How much are ACES Tokens worth?
Each ACES Token represents a good, service or resource that the Token Writer has committed to that digital property. ACES Tokens have no cash value, but are redeemable for whatever the Writer committed to contribute ("granted") to create the token.
How do I get ACES Tokens?
Simply sign up for a free Demo account, and you will get a pack of ACES Units (AUs) to test out. Our autonomous system will guide you through the process of using a Unit to create a viable, transferable and redeemable ACES Token that is then autonomously registered to the ACES Token Registrar.
Once an ACES Token is created, it can be transferred between members of your organization/family as a Medium of Exchange, a Means of Encouragement, or a Method of Engagement.
How do I redeem an ACES Token?
The Holder of any ACES Token can request to redeem the property granted to that token by initiating a Redeem request through the website or app. When the request is initiated, the Holder will receive instructions for meeting/corresponding with the Token Writer, along with a redemption code. These instructions are set by the Writer in his or her account, and can be changed as needed. Holder follows these instructions to meet with Writer, then provides Writer with the Redemption code. Once writer enters the Redemption Code in his or her app, a Clearance Code will be generated for the Writer to provide to the Holder. The Holder shall enter this code into his or her app, confirming the redemption and clearing the token.
What Happens to a Token after it is Redeemed and Cleared?
ACES Tokens are terminal - once redeemed and cleared, they effectively leave circulation. Writers and Holders can still view their interactions with Cleared tokens.
Are there any Restrictions on redeeming an ACES Token?
Writers can assign Conditions to individual Tokens. Conditions must be met before a Token can be redeemed. Writers of Family Tokens can also add Transfer Restrictions to a given token, preventing the Holder from transferring to specific members of the organization, or alternatively restricting transfer to a set of approved members.
Do ACES Tokens ever expire?
The Writer of an ACES Token can, under certain circumstances, include an expiration date while writing a token. Expirations are appropriate when a product is known to expire (e.g. Milk). Expirations can also be added to non-perishable Family Tokens that are for internal distribution within the family can also include an expiration.
What does ACES mean?
ACES is an acronym for Autonomous Cooperative Enhancement System, which describes the function of our tokens.