Frequently Asked Questions
What is Associate?
Associate is a platform that enables users to create and manage decentralized associations without using blockchain technology. Click here to learn more.
How do I create an association?
Click “Sign Up” in the top right corner of the screen to create an account and an association — we’ll walk you through everything step by step.
To get a full overview of the process without signing up, click here.
What is a Smart Contract?
A Smart Contract is a contract with terms of agreement written in computer code. In addition to a normal contract that just states clauses, the smart contract will also execute them. It might, for example, initiate a payment or activate permissions to a web service.
Can I modify the objectives and other details of my Internet Association after creation?
Click "Yes, to modify objectives, make a proposal and invite members to vote on it.
How can a vote be initiated?
Administrators can initiate a vote at any time. Members can also initiate a vote if 20%* are in-favour. *default threshold.
How is the voting threshold determined?
The default voting threshold is set at 20%. This value can be changed by vote.
What happens when a vote passes?
The decision is applied based on the resolution type and the digital statutes are updated to reflect the decision.
What happens if my association gets dissolved?
In the event an association is dissolved, any remaining funds will be donated to another association on our platform with similar objectives, chosen by the members of the association or by Associate itself.
Which currencies does Associate support?
We support only USD currently.