1. Abstract
Last updated
Last updated
The mission of the Advanced Project is to build a Web 2.5 ecosystem by connecting regulated financial services (Web 2.0) with the blockchain world (Web 3.0) that integrates next-generation technologies such as blockchain, big data, and AI for financially excluded populations in Africa, Southeast Asia, and other regions.
AUC serves as the ecosystem’s core utility token, facilitating various Web2 and Web3 functionalities across the Advanced Project's platform, including payment/remittance, identity authentication, blockchain, and big data analysis, which are organically linked to provide a safer, faster, and more accurate digital financial solution.
A platform for simple payment and domestic and overseas remittance (transfer) with very low fees compared to existing credit card fees.
As customers use the platform, their loyalty and credit rating can be measured (Big Data Analysis) to provide rewards and services such as small loans.
Future compatibility with IC cards and gift vouchers for offline use is also being pursued.
Can manage identity authentication, transactions, credit ratings, and supports overseas remittances linked to Payment Railway.
Introduced bridge system to to enable seamless transfers between AUC, AUCB (Base chain), and AUCA (Avalanche chain) tokens.
Also provides WEB 3.0 platforms such as staking app and T2E gaming services.
By utilizing blockchain’s immutable properties, the project can offer enhanced security and transparency.
Using various information from customers using our platform (deposits, withdrawals, transfers, transactions, etc.), we analyze their loyalty and lifestyle patterns using transaction volume, average balance, transfer trends, etc.
Provides customer-specific recommendation services based on lifestyle pattern analysis.
In addition, measured loyalty is used for providing lower fees and more rewards.
Introduces a blockchain identity authentication system to enable platform users to use the service more safely.
Various information required for identity authentication, such as KYC and FICA, can be managed without tampering.
※ The service plans to cooperate with various institutions and companies through close collaboration with the country as an independent identity authentication service in the future.
For individuals without bank accounts or official identification, the platform offers Cash Digitization services, such as cash deposit-only machines strategically placed in underserved areas. This promotes higher platform utilization and expands financial access to underserved populations, including migrant workers.
The Advanced Project has integrated cutting-edge Web3 features to enhance cross-chain interoperability and user engagement within the ecosystem:
AUC Bridge: The AUC Bridge is a cross-chain solution utilizing LayerZero technology to extend the Ethereum-based AUC governance token across multiple blockchains. Through seamless token transfers, the bridge supports interoperability among AUC (Ethereum), AUCA (Avalanche), and AUCB (Base), each tailored for specific functions such as staking, rewards, and DeFi.
Staking: AUC Staking service allows users to stake AUCB tokens and earn rewards depending on three available term options which are 3 months(2.5% APY per annum), 6 months(5.5% APY per annum), and 12 months(12% APY).
T2E (Tap-to-Earn) Gaming: Gamified elements encourage user participation through T2E gaming. Players can earn AUCB rewards for engagement, offering an interactive experience that integrates blockchain-based gaming with financial incentives. This feature promotes platform stickiness, driving higher transaction volumes within the ecosystem.
Customers are provided with easy payment and remittance services, cost savings through various rewards, and reduction of existing payment fees to increase satisfaction.
Merchants are provided with a free app for store payments instead of the traditional costly POS device, attracting potential customers to use TIER services, and generating more revenue through reduced fees.
For Banks, access to previously financially excluded populations through new customer onboarding, credit scoring, and card issuance opportunities based on AUC platform data.
By bridging traditional financial services with decentralized finance (DeFi) and gamified incentives, the Advanced Project offers an inclusive, efficient, and secure financial ecosystem that addresses the needs of underserved populations worldwide.
