Review on Auctus by Gabriel Medina
Auctus for decentralized pension plans
This platform is dedicated to decentralized pension plans with the aim of improving some important aspects such as bureaucracy, transparency and the reduction of costs in operations. We must understand that governments are increasingly encouraging workers and companies to sign private pension plans, this is where Auctus comes in as a promising project for the future.
Auctus (AUC) is an ERC20 token. The platform is executed automatically by smart contracts, this means that the conditions of each pension plan are carried out through these contracts by the Ethereum network, executing in an automated way, fulfilling the established conditions. This will provide security that eliminates submission to a third party, savings in operating costs due to its decentralization, control for the beneficiary users of the pension plan and speed due to the regulation that it has with the previously mentioned smart contracts. This is incredibly promising for the project.
Overall, this platform will bring together retirement savers around the world and provide them with a trustless market with broad transparency. They will receive human advice, a market for services along with applications and a low rate structure driven by smart contracts.
Pros
- It will facilitate pension plans by decentralizing them.
- We will be able to create and exchange personalized retirement applications and services.
- Users will be able to get additional expert advice.
- Low and transparent fee structure thanks to smart contracts.
Cons
- You need more news and utilities in your currency. It would have been easier to use ETH instead of AUC.
