Daox
| Daox | |
|---|---|
 Daox ICO Review | |
| Daox ICO | |
| Ticker: | DXC |
| ICO start: | 2018-07-31 00:00:00 |
| ICO end: | 2018-09-30 00:00:00 |
| Price: | 1 DXC = 0.000387 ETH |
| Bonus: | 1 |
| Tokens: | 210000000 |
| Tokentype: | ERC20 |
| Hardcap: | 300,000,000 DXC |
| Softcap: | 4,500,000 USD |
| Raised: | 0 |
| Platform: | Ethereum |
| Distributed: | 70% |
| Accepting: | ETH |
Fundraising DAOs play the role of advanced intermediaries between startups and their investors, protecting interests for both sides, and increasing the efficiency of the capital.
They are like real world companies but instead of a legal body they have smart-contracts, instead of bank accounts they use cryptocurrencies, instead of shares there are tokens, and instead of the jurisdiction — a borderless blockchain network.
One of the main principles of that protocol is that all the collected funds are stored in a DAO, instead of being at the disposal of a single individual (or group of individuals). The funds are released based on withdrawal proposals submitted by the startup team. If investors (DAO token holders) of a startup are satisfied with the way the project unfolds, they approve such requests.
Each Fundraising DAO is modular. This means that its governance structure and functionality might be adjusted to the specific needs of each particular project.
The whole process of building Fundraising DAOs and interaction with them is done in a user-friendly application called Daox Platform. Startups can build their DAOs, with its own ERC20 token and start an ICO in a matter of minutes.
Besides that, there is a marketplace of services and tools that are integrated via the Daox Open API. Imagine hundreds of different services for startups and investors that are easily accessible in a few clicks.
For instance, a project can apply for rating report, or media publishing, or bounty campaign, or start banner advertising, right from the Daox Platform interface.
Daox Platform itself is not an intermediary, and it never has access to the funds. Each Fundraising DAO is completely independent, autonomous and only could be governed by its token holders. This makes the Daox a trustless solution.
The DXC token enables all the interactions in the Daox ecosystem, provides access to the Daox Platform services and discounts. It has a built-in functionality to be easily integrated with third party services.
Daox operates on the Ethereum blockchain network.
Contents
Description
In the year 2017, more than $6 billion were raised via an innovative fundraising approach — initial coin offering (ICO). This is incomparably more than in 2015 and 20 times higher than figures for the year 2016. The success and skyrocketing growth of this trend was due to the fact that ICO is the most convenient way of investing and raising funds nowadays.
However, its current implementation (as a crowdfunding or in other forms) has a number of challenges, such as: high investment risks; complexity of tech; expensive legal support; inefficient marketing; lack of transparency; fraudulent activity; low success ratio; volatility of cryptocurrencies; unpopularity; and scams.
These and other problems are constraining factors for the vast amount of projects and investors that could participate in a new cryptoeconomy and significantly boost it.
But can we make a solution that will make investing as safe as VC, widely accessible for everyone as an ICO, and easy-to-use for backers as it is on major crowdfunding platforms, like Kickstarter? The answer is yes and we call this solution a Fundraising DAO— a protocol that combines all the best practices of VCs, crowdfunding, and ICOs, providing a leap forward for the investment industry.
The present document thoroughly describes the concept of Fundraising DAO, as well as implementation of a number of technology products, which allow for the establishment of a new decentralized investment ecosystem— an ecosystem for Fundraising DAOs.
Review
| “ | May 2017: Research and planning of Daox. June 2017: The Daox Proof of Concept. September 2017: Start of the development of the Daox Platform. October 2017 : Alpha version of the Daox Platform. December 2017: Beta version of Daox DApp on the Ethereum blockchain. March 2018: Release of the Daox Platform. April 2018: Opening the Private Token Sale. May 2018: Release of the Daox DApp. May 2018: The first crowdfunding campaign is launched on the platform. June 2018: Opening the DXC token presale. July 2018: Public sale of the DXC token. September 2018: Launch of the Integrated Affiliate Network. First listings of the DXC token on exchanges. October 2018: Launch of the Know Your Client service on the platform. Launch of the Daox Open API. December 2018: Launch of the Fundraising Services Network. February 2019: Launch of the Automated Legal Service — an AI-powered legal assistant. March 2019: Beta launch of the Daox Wallet app. April 2019: Start of the yearly hackathon series. September 2019: Launch of the Daox Accelerator for startups. Q1 2020: Release of the Daox Wallet app. Q2 2020: Release of the Daox Exchange.[1] | ” |
Team
External links
Daox on twitter
Daox on telegram
Daox on facebook
Daox on medium
Daox on bitcointalk
Daox on github
Daox on reddit
Daox on youtube
Daox official website
Daoxbounty
Daox whitepaper