CoinList Will Start the Acurast (ACU) Token Sale at 1:00 am Beijing Time on May 16

CoinList recently announced that it will start the Acurast (ACU) token sale at 1:00 am Beijing time on May 16, and the deadline is 1:00 am on May 23.

CoinList will start the Acurast (ACU) token sale on May 16 at 1:00 am Beijing time, and the deadline is 1:00 am on May 23. A total of 6% (60 million tokens) of the total supply will be sold at a price of 0.09 US dollars per token. The minimum purchase limit is 100 US dollars, and the maximum is 2 million US dollars.

Acurast is a decentralized verifiable computing network that aims to build a secure, scalable, and data center-free computing infrastructure by leveraging the idle computing power of smartphones. Unlike traditional cloud computing giants (such as AWS and Google Cloud) that rely on centralized servers, Acurast provides decentralized computing resources through the Trusted Execution Environments (TEEs) of mobile phones, balancing privacy and efficiency.

Acurast liberates computing power from the hands of a few technology giants through mobile phones, giving ordinary users and developers more control. Its core features include:

Everyone can participate: Compared with other DePIN projects, Acurast's model is more inclusive, allowing more users to participate and share the benefits of Web3.

Acurast's operating logic revolves around its core protocol architecture, combined with the Nominated Proof of Stake (NPoS) consensus mechanism and reputation engine to ensure the efficient operation and security of the network. Its ecosystem is mainly composed of the following roles and mechanisms:

According to TokenInsight data, Acurast's total token supply is 1 billion, and TGE is expected to be completed in Q3 2025. Among them, Community tokens (69.5%) will be unlocked at TGE, giving priority to early users and contributors. Early Investors' tokens (6.5%) have a lock-up period of at least 24 months, and will be gradually released to ensure fairness. Tokens of core contributors, advisors, and future team members have the longest lock-up period (at least 24 months).

The ACU token has multiple uses in the Acurast ecosystem:

Although ACU's token economic model is well designed, it still faces potential risks. For example, the incentive balance mechanism, if the reward is too high or too low, may affect user participation or cause token price fluctuations. Market competition requires competing with traditional cloud computing giants such as AWS, Google Cloud and other DePIN projects. Smartphone hardware performance, network bandwidth and battery life may also cause computing resources to fluctuate.

Acurast has not yet disclosed the names of its members, but their backgrounds and achievements can be inferred from the project progress and partners: the team has deep experience in decentralized computing, TEE technology, and NPoS consensus mechanism, and has successfully promoted the test network to process 240 million transactions and connect 65,000 devices. In terms of ecological cooperation, Acurast has established deep integration with Bitcoin, Ethereum, Polkadot, TON and other chain ecosystems.

In terms of financing, Acurast received a $1.5 million Grant in 2023, and subsequently received $2 million in seed and strategic rounds of financing, and received funding from multiple foundations (such as Polkadot ecosystem-related foundations), with participation from Dr. Gavin Wood (co-founder of Ethereum, founder of Polkadot), Leonard Dorlöchter (founder of PEQ), Michael van de Poppe (founder of MN Capital), Ogle (founder