A new standard for all kinds of token sales that allows investors and startups interact via decentralized autonomous organizations. This is the ICO 2.0.
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.
The raised funds are stored in a separate DAO and could only be partially withdrawn based on proposals submitted by the startup team. These proposals are being approved or declined by the token holders. Thereby, the team is highly motivated, while scam token sales are eliminated.
Each investor or startup team can initiate decentralized and transparent voting among the token holders. This helps in making key decisions and ensure that these decisions are supported by the community of token holders.
The refund mode is the core functionality of the protocol. Startup token holders can vote for the return of remaining funds if they are unsatisfied with the way the project unfolds, or if the project turns out to be a scam.
Each token of every DAO created using the Daox Protocol is representing a part of the raised funds in the sense that it could be used to get the remaining funds back in case of a startup failure. This gives a support for the value of the token on its early-stages of development.
The governance structure and functionality of each DAO might be adjusted to the specific needs of a project. For example, authors could start a simple DAICO issuing utility tokens, or create an organization that will pay dividends, or offer equity-based tokens. Modules are developed by the third-party developers and are connected to DAOs via the DXC Token.
The Daox Protocol is a unified standard and a framework for deploying decentralized autonomous organizations aimed at conducting fair token sales (Fundraising DAOs). These DAOs play the role of advanced intermediaries between startups and their investors, combining the best practices of venture capital, ICOs, and crowdfunding.
Here is a comparison of Fundraising DAOs vs other forms of investing.
| Old style ICO | ICO 2.0 | |
|---|---|---|
| Tokens are backed by 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 | | |
The whole process of building Fundraising DAOs and interacting with them could be done in a user-friendly application called Daox Platform. Startups can build their DAOs, with their own ERC20 tokens and start ICOs 2.0 in a matter of minutes.
Independent fundraising organizations that reside on the Ethereum blockchain, created using the Daox Factory.
A modular Solidity framework on the Ethereum blockchain that enables Fundraising DAOs to be easily deployed.
A user-friendly interface for the interaction with Fundraising DAOs and Daox Ecosystem.
A protocol that enables third-party services to be integrated with the Daox Ecosystem and DXC Token.
An ERC20 Token that enables functionality and deployment of Fundraising DAOs.
Third-party services and tools that are integrated via Daox Open API.
DXC is the native token of the Daox Protocol, Ecosystem, and Network. It is an ERC20 utility token that is aimed at fueling the economy of the new, fair, and open blockchain based investing.
04
Functional Part of the Daox Protocol
Each Fundraising DAO could only be deployed by using DXCs that will form the initial account. This account is used to set variables and to connect functional modules or services that are introduced by third-party developers. This is how the growing community of developers is incentivised to contribute code to the Daox Protocol in a completely decentralized way.
03
Daox Marketplace for ICOs and Investors
There is a marketplace of services and tools that are integrated via the Daox Open API and DXC token. Imagine hundreds of services for startups and investors that are easily accessible in a few clicks and also transparently rated by the community. 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. An example of such service is bounty.daox.org
02
Daox Platform and Wallet App
The DXC token is used to get access to the services provided on the Daox Platform. Although the Daox Platform does not charge any commission from the startups or investors, it offers different promotional services, such as, featuring projects, targeted ads, email lists, dedicated support, etc. Besides that, the DXC token is the main token of the Daox Wallet app that is aimed at taking “cryptofunding” mainstream.
01
Early Participation in ICOs 2.0
The DXC token is the only token that is used to participate in the Initial Tokensale Stage of Fundraising DAOs. The funds raised during this stage are held on a separate account and are accessible for the project team instantly and without withdrawal requests. However, these funds could only be transferred to the integrated service providers that are integrated via Daox Open API. Thus, the majority of Fundraising DAOs will run DXC-presale stage to fund their ICO campaigns. Consequently, DXC token holders will get the priority access to the ICOs based on the Daox Protocol.
Average ICO or crowdfunding project is spending 10% of its fundraising target for marketing and other services. Since the funds in a DAO are locked, the DXC is used to get access to such services for Fundraising DAOs.
The capital raised via ICOs and crowdfunding is expected to hit $110 billion in 2019.
- 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”)!
| Token sale | August — October |
|---|---|
| Token price | 0.00108 ETH |
| Soft Cap | 3,000 ETH |
| Hard Cap | 20,000 ETH |
| Total supply | 150M DXC |
| Delivery date | Immediately after purchase |
Startup entrepreneur with more than 10-years experience. Background in IT business, management and consulting different projects. Keen on innovation, blockchain and fintech. Master’s degree in financial management. MBA from Hult International Business School, San-Francisco, CA.
Jordan brings a lengthy background in live television, digital media production and creative marketing to the team. He understands the importance of digital media marketing and is excited to creatively communicate the value and vision of Daox to the world.
More than 12 years of experience in developing tech products. Formerly a product lead for dozens of products each with excellent quality. Passionate about perfect design and usability. Master’s degree in computer science.
More than 7 years of experience in sales at an international marketing and trading company. Master’s degree in journalism. Specialist in Public Relation, Linguistics, International Marketing.
More than 5 years in web development. High-load and complex systems architect. Blockchain expert. Master's degree in cybersecurity.
Backend and smart contracts developer, inspired by dApps and blockchain technology. Natural language processing researcher and ML developer in the past.
Serial entrepreneur, growth marketer and digital strategist. CEO and co-founder of SOHO Digital — a company that builds custom software (including blockchain development), designs & builds premium websites, strategizes growth marketing plans, and provides marketing analytics and automation services. Bachelor’s degree in business administration and management from Baruch College, City University of New York (CUNY).
Artyom's background is Data Science and AI research. He has developed various AI-based solutions for Russia's largest bank, Sberbank. Artyom will be a tech lead for data related technologies in Daox. He has a Bachelor's degree in Computer Software Engineering.
Experienced mobile engineer. With more than 10 years in programming. Participated in the development of a product with a multi-million user base. Mathematics degree.
Founder of Yutani (a Belarus-based design firm). More than 10-years experience in design and UX. Have developed UI/UX for hundreds of amazing projects, including well-known brands.
Work experience as a project coordinator, community manager and translator at different conferences and workshops. Master’s Degree in Linguistics, study program in the University of Tromsø, Fulbright program in the USA.
Over 10 years experience in development of the work streams with KEY customers and clients in various economic domains. Negotiation of cooperation and contract terms with compliance of the company’s policy, ethics and interests. Three degrees: Management, Economist, Philologist.
Valid field of experience in finance. Up to 10 year practice working closely with small and medium business in terms of the whole process of crediting in commercial banks. Master’s degrees in management and finance.
During the last 8 years, Elena held executive positions in e-commerce and advertising companies worldwide. Elena is responsible for partnership development and business event management at Daox. Master's degree in management.
Serial entrepreneur and investor. Founder of Spacemind Capital, EnventVR, AD1, and other successful startups with a yearly turnover of more than $50M. Tech visionary and a fan of decentralization. Besides of more than 12 years of managing experience, he is also a tech guy and a former software developer. Master’s degree in management.
Executive Chair at Accelerated Digital Ventures. A leading figure past and present in many important companies including Archimedes Labs, Minds and Machines Inc, MedCo, EasyNet and RealNames to name just a small few, Keith is also one of the co-founders of Techcrunch.
Serial entrepreneur and investor with multiple founded companies and multiple exits. More than 15 years of working experience in Fintech and Banking. CEO of Coinomi, the industry's leading multi-asset wallet with native support for more than 500 assets and millions of users. CEO of Cryptean. Crypto-currencies enthusiast. Special Forces Veteran. Strong technical background. Early adopter and contributor in Bitcoin and other open source projects.
Andrea has a vast experience in financial markets and cyber security. He is an author of almost 200 articles on finance and computer science. During his career, Andrea co-founded noticeable companies and cometees: European Financial Marketing Association (EFMA), Milipol, Protexarms Group. He is also a former chairman of Special Interest Group for Information Security of the European Community.
Kyle has extensive experience helping clients raise capital in the finance, banking, regulatory consulting space, and most recently, developed complex international tax structures in the tax advisory space. Kyle has held investment banking regulatory consulting and transfer pricing roles at Liquidity Energy, Duff and Phelps, and Ryan LLC, a global tax firm. He is also a VC investor in multiple startups and co-founder of Bx3 Consulting.
Over 10 years of experience in global Forex & CFD brokerages, holding various strategic positions in Technology and Digital Marketing. Directly involved in the delivery of innovative projects within the brokerage space and achieving a positive ROI. Expert in mining cryptocurrencies and an avid crypto investor. Msc in Cyber Security.
Technopreneur and ASEAN expert. Visiting Professor for the Univ of Tokyo & Waseda. Co-Founder of Indoblockchain.id. Network of Captains of Industry in Indonesia and SE Asia. President SE Asia of Finteix Pte. Singapore. Chief Strategist for Indigen. Advisor to the CCEG, The University of Northampton. Co-Founder of Snapfood.
The document thoroughly describes all the elements of the Daox, the concept of the ecosystem, design solutions, the project’s current state, rationale behind the utilized technologies and source code review.
In the year 2017, the volume of venture capital investment in Europe, Canada, China, India, Israel, Japan and the USA amounted approximately to 161 billion US dollars. The crowdfunding market is estimated at $50 billion (excluding p2p lending). Around $6.7 billion was raised by means of ICOs.
ICOs are notable for the biggest rate of growth: in comparison with the year 2016, the amount of funds raised by means of this tool has increased twenty-fold. What is more, 2018 is expected to see almost three-fold growth.
We believe that transparency is the best policy, that is why we are happy to discuss ideas and share Daox stories across all the major social networks. Join our community, we promise not to be boring.
https://github.com/daox
There are no limitations on using the Daox Protocol or the Daox Platform.
First of all, each genuine Fundraising DAO is completely independent and resides on the Ethereum blockchain. Secondly, neither the team of Daox developers nor any third parties have access to the collected funds that are stored in DAOs. Thirdly, the source code of Fundraising DAO is open and supported by the community.
The concept of a decentralized autonomous organization, which we believe is the most efficient and fair way for open blockchain based investing, is only applicable using blockchain technology. Blockchain is also needed to allow the use of cryptocurrencies. There is also a detailed explanation of how we use blockchain and why do we need it in our white paper (c. 2.1).
DXC is fueling the economy around Fundraising DAO protocol and in the Daox Ecosystem. The token is needed to allow for the establishment of DAOs, and interactions in the ecosystem as it provides necessary functionality that can’t be implemented using Ether (e.g. funds commitment).
The DXC token is ERC20 compatible, therefore it could be listed on many exchanges. The actual dates of such events will be announced across all our social networks.
All the unsold DXC tokens will be burnt.
The main sale stage of the DXC tokensale will be conductied in accordance with the same principles that are proposed by Daox. Therefore, every token holder will be able submit a proposal for activating the refund mode. If this proposal will be approved by 90% of the sold tokens or no withdrawals will be approved in a course of 3 months, the Fundraising DAO of Daox will switch to the refund mode, and token holders will get back the remaining funds.
Our company is being incorporated in Dubai. But we also have offices in Spain and Russia.