Delegated evidence of effort Blockchain Accumulate (ACME) issues management documentation
Miami, USA / FL, July 8, 2022, Chainwire
Delegated Proof of Stake (DPoS) blockchain Accumulate has released its official governing documents. These describe the network’s constitution, the list of stakeholders and the various rules and guidelines that govern both the protocol and the community. They also outline the key role that the ACME token will play in the development of the protocol.
At a high level, Accumulate combines traditional and new approaches to blockchain management to achieve optimal decentralized decision-making while maintaining a solid vision and clear direction for society and the ecosystem.
Accumulate’s constitution is constructed based on the belief that a space must be created where hundreds and even thousands of participants can participate in the validation of the protocol and where large groups of decentralized participants can interface with a world of many decentralized and centralized entities.
The core components of the Constitution include the ACME token, workflows and committees and stakeholders.
The key features of the ACME token, as outlined in the management documentation, include:
- A hard limit of 500 million tokens.
- Approximately 200 million ACMEs will exist upon the activation of the Accumulates Mainnet in Q3 2022.
- The unissued token pool will contain approximately 300 million ACME upon activation.
- The protocol follows a Burn-and-Mint Equilibrium (BME) model, in which any ACME burned to perform work on Accumulate is returned to the unissued token pool.
- A token budget is calculated approximately once a month using an annual coin rate of 16% of the tokens in the unissued pool.
- The inflation rate is halved approximately every four years (greater utility measured by the ACME combustion rate extends the halving rate).
- Recently minted tokens from the unissued pool are distributed primarily to protocol validators and stakers.
Other topics covered in Accumulate’s governance documentation include the role of committees, selected by actors and validators to manage critical workflows, and a definition of validator types. This latter category includes node validators for Directory Validator Network and Block Validator Networks (Protocol), Data Server Validators, Staking Validators, NFT Validators and ACME stakers.
A grant system is also included in the management documentation, designed to support projects that want to build on top of Accumulate and help expand the ecosystem.
The grant pool will in principle be awarded 60 million ACME tokens and is financed annually by a certain amount of ACME tokens as determined by a steering committee. Around 20% of unissued tokens will be dedicated to the grant pool when Accumulate migrates to proof of stake.
Ultimately, Accumulate’s governance process aims to combine the best processes observed in DAOs to coordinate community members while scaling decision-making by empowering stakeholders through committees and workflows to drive initiatives within their area of expertise.
To learn more about the Accumulate governance framework, visit
About Accumulate
Accumulate Protocol (“Accumulate”) is an identity-based, Delegated Proof of Stake (DPoS) blockchain designed to drive the digital economy through interoperability with Layer-1 blockchains, integration with enterprise technology stacks, and interfaces with the World Wide Web. Accumulate circumvents the trilemma with security, scalability, and decentralization by implementing a chain-by-chain architecture in which digital identities capable of managing keys, tokens, data, and other identities are treated as their own independent blockchains. A two-token system provides predictable costs for business users, while anchoring all transactions to Layer-1 blockchains provides business quality for everyone.
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