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The raised funds are stored in a separate DAO and could only be partially withdrawn based on proposals submitted by the startup team.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.
The easiness of launching an ICO and high level of anonymity in crypto is making a lot of space for scams.
Token holders of the project can vote for the return of the remaining funds if the project turns out to be a scam.
When the startup team receives the total amount of funding at once, their motivation decreases dramatically.
The startup team is highly motivated to succeed to keep getting financing for their project.
Tokens of early-stage startups are not backed by any assets other than the team’s obligations.
Tokens are backed by the raised funds that reside in a DAO, as token holders can get a refund.
Investors can’t see the purposes of expenditures. This opens a lot of space for misuse of funds.
The startup team has to submit proposals indicating the purposes of withdrawal.
Experts expect that 97% of all ICO startups will fail within the next few years. In 2018, only 1 out of 5 projects makes it to exchanges.
Due to many improvements in the way token sales are conducted, it is expected that the success ratio will be at least 4x higher.
Because of the lack of a unified standard for token sales, investors cannot verify how tokens are distributed.
With a unified standard token sale contributors can easily see how many tokens are distributed in exchange for crypto and what discounts are given.
There are thousands of ICOs and founders has to have big marketing budget to stand out.
Since the risks for investors are lower, it is easier to attract sufficient attention even without marketing spendings.
Each startup has to either resort to expensive third-party token sale solutions, or spend time and resources to make their own.
Daox Protocol is an open source and zero commission framework that doesn’t even require any special knowledge to run an ICO.
Every noticeable token sale attracts a lot of attention of hackers looking to steal the raised crypto.
All the raised funds reside in a DAO that is being managed by the transparent voting of token holders.
Each startup has to resort to hundreds of different services, not being able to assess the effectiveness of each of them.
Each startup becomes part of the ecosystem which allows access to solutions and services using the DXC token.
Instead of working on the product, the whole startup team spends about 6 months to conduct a token sale.
With the ready-made solution and the whole ecosystem of services and tools, token sales are made easy.
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.
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 Fundraising DAO protocol in a completely decentralized way.
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
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.
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 Fundraising DAO 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.
|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|
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.
There are no limitations on using the Fundraising DAO 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.
DXC is a utility token that enables all the interactions in the Daox ecosystem and on the Daox Platform.
Apply for the guaranteed access to the limited pre-ICO stage by submitting the following details:
We will notify you when the presale starts.