Acctify

Acctify Whitepaper

1. Introduction

Acctify is a pioneering decentralized marketplace built on Web3 principles, designed to facilitate the secure, transparent, and efficient trading of digital accounts and services. In an increasingly digital world, the ownership and transfer of virtual assets—from streaming service subscriptions to high-value social media accounts—have become commonplace. However, the current landscape for these transactions is fragmented, insecure, and often relies on untrustworthy intermediaries. Acctify addresses these challenges by leveraging blockchain technology to create a trustless ecosystem for peer-to-peer exchange.

2. The Problem

The existing market for digital account trading is fraught with risks. Sellers risk not receiving payment after transferring account details, while buyers risk receiving fraudulent or non-functional accounts. Centralized platforms that attempt to solve this often charge exorbitant fees, suffer from data breaches, and can arbitrarily freeze funds or ban users. There is a clear need for a solution that empowers users and removes the risks associated with centralized control.

3. The Acctify Solution

Our solution is a smart contract-based marketplace that automates and secures the entire transaction process.

  • Decentralized Escrow: Buyer funds are held in a smart contract and are only released to the seller once the buyer confirms they have received and verified the account credentials.
  • Reputation System: Users build a reputation based on successful transactions, fostering a community of trust.
  • Low Fees: By removing the middleman, we can offer significantly lower transaction fees compared to traditional platforms.
  • Censorship-Resistant: Being decentralized, the marketplace is resistant to censorship and arbitrary shutdowns.

4. Tokenomics

The Acctify Token ($ACCT) is the native utility token of the platform.

  • Total Supply: 10,000,000 $ACCT
  • Transaction Tax: 5% on buys and 5% on sells. This tax is allocated to a treasury for funding platform development, marketing, and community initiatives.
  • Liquidity: 100% of the initial liquidity will be permanently locked in a decentralized exchange liquidity pool to ensure market stability and user confidence.
  • Utility: $ACCT will be used for governance votes, reduced transaction fees, and access to premium listing features.