The Daox Protocol is the new standard for all kinds of token sales that allows investors and startups deploy and interact via independent decentralized autonomous organizations (DAOs), enabling safety, efficiency, and decentralized decision making. This is the ICO 2.0.
The Daox Protocol is the new standard for all kinds of token sales that allows investors and startups deploy and interact via independent decentralized autonomous organizations (DAOs), enabling safety, efficiency, and decentralized decision making.
Daox is proposing an advanced open-source technological solution and a unified protocol that is aimed at fixing the major problems related to token sales and crowdfunding. The Protocol allows for the deploying of decentralized autonomous fundraising organizations (Fundraising DAOs) on the Ethereum blockchain. These DAOs play the role of advanced intermediaries between startups and their investors, protecting interests of both sidesand 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 thereare tokens,and instead of the jurisdiction—a borderless blockchain network. The features of each DAO could differ, but the major goal is to motivate all parties to do its best for the project success. One of the main principles of the protocol is thatall the raised fundsare 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 (token holders) of the startup find such proposals reasonable, they approve such requests.
How it Works?
ICOs and crowdfunding campaigns are easily launched using the Daox Protocol.
Each campaign then forms an Ethereum-based decentralized autonomous organization featuring its own ERC20 token.
Each DAO holds the raised funds and is managed by the transparent voting of its token holders.
One of the main principles is that all the collected funds are stored in a DAO instead of being at the disposal of a single individual. The funds are released based on withdrawal proposals submitted by the startup team. If investors (DAO token holders) of the startup are satisfied with the way the project unfolds, they approve such requests. (See other key features on Daox website).
Why Invest in Daox Based Startups?
Token's value is supported by the raised funds
Token holders can get a refund
Anti-scam ICO structure
Project progress must be transparent
Startup team is highly motivated
Smart contracts are checked by the community
What token sales problems are solved by Daox?
For investors: scams, low motivated founders, low value of tokens, misuse of funds, frequent failures, lack of transparency, high investments risks.
For startups: highly competitive environment, complexity of technology, hacker attacks, inefficient marketing, excessive time input, etc.
DXC — The Token for ICOs 2.0. Why is this token different?
It’s an ICO 2.0 token so its value is backed by the raised funds which remain at the discretion of the token holders.
DXC token holders can vote for the refund if they are unsatisfied with the results of Daox.
It’s the first token with a fully transparent distribution and discounts. You won’t be at a disadvantage because someone secretly got a “whale bonus”.
DXC is a functional part of the community-driven protocol which is decentralized, therefore it will live independently of Daox.
And it indeed has a strong economy (not “the payment for platform services”).