What Is an ACES Token?

An ACES Token is a digital document device-tool of the ACES’ Digital Token Driven Network System © (DTDNS) enabling an ACES Account Administrator or their authorized token writer to autonomously write a token. Each written token represents a uniquely identifiable, transferable and redeemable nonmonetized object granted to the holder of the token upon the terms, conditions and restrictions as stated within the token by the token writer.

• An ACES Token may not represent money adopted as legal tender by any government nor may it describe the object of an ACES Token as having a monetary value.

What is an ACES Digital Property?

An ACES Digital Property is an ACES Token that has been registered with the ACES’ Digital Property Registrar^SM through an autonomous function of the DTDNS at the direction of the token writer. Through that operation, the Registrar is directed to generate and assign a unique identification and private key to the token, register it with the Registrar and convey acknowledgement of the registration back to the writer. This acknowledgement creates a unique Digital Property exchangeable "On Order" or "As Promised" by the Writer as stated within the token.

• The ACES’ Digital Property Registrar^SM may be directed to acknowledge activities by Token Writers or Token Holders whether writing, transferring, or redeeming their Digital Properties through the ACES’ Digital Property Exchange^SM.

How much are ACES Tokens worth?

ACES Tokens and their Digital Property counterparts represent objects that may be redeemed or exchanged for other Digital Property. The relationship of any token object to any other token object is at the sole discretion of the parties associated with an activity. However, the experience gained from the direct association and relationship of nonmonetized digital properties through barter and exchanges is invaluable.

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. You may then use our autonomous system, which will guide you through the process of using a Unit to create an ACES Token of which you may then register with the ACES Digital Property Registrar^SM.

Are ACES Tokens Transferrable?

Unless a token states that its transfer is restricted it may be transferred to members of your ACES Program through the ACES Digital Property Exchange^SM and re-registered with the ACES Digital Property Registrar^SM.

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 redeeming the token 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. Holders shall follow the redemption instructions and provide the Token Writer with the Redemption code. Once the 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 are removed from the Exchange. However, 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 an ACES Program, 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 when writing a token. Expirations are appropriate when a product is perishable or must take place before a given event or number of days.

What does ACES mean?

ACES is an acronym for Autonomous Cooperative Enhancement System, which describes the function of our tokens.

What is the ACES Digital Token Driven Network System (DTDNS)?

ACES’ DTDNS operates within a hyper-efficient “Information-Machine-Environment”. This centralized Environment requires only a fraction of the human-machine resources and energy demands of decentralized, distributed and blockchain systems. In fact, several ACES’ programs would be cost prohibitive on blockchain systems due to “gas fees”. Such charges for transferring interpersonal family objects or consortium distributable bits of data represented as Non-Fungible Tokens (NFTs) would be exorbitant. ACES will have service fees associated with commercial accounts. However, Family Token Program members are not charged fees for transferring or exchanging tokens or Digital Property amongst members of a Family Program.