Daox has developed a community-driven blockchain-based protocol aimed at becoming the gold standard for all types of token sales. This is the ICO 2.0.
Each campaign then forms an Ethereum-based Fundraising DAO featuring its own ERC20 token.
Each DAO holds the raised funds and is managed by the transparent voting of its token holders.
Fundraising DAOs play the role of advanced intermediaries between startups and their investors. They combine the best practices of venture capital, ICOs, and crowdfunding in a unified Ethereum-based protocol.
Here is a comparison of Fundraising DAOs vs other forms of investing.
Each Fundraising DAO becomes a part of the open Daox Ecosystem that consists of investors, startups, and third-party services that could be easily integrated via the Daox Open API.
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.
|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|
These are some of the problems that are solved by Fundraising DAO protocol and Daox Project. The community and team will drive further development, making Daox based entities the smartest fundraising tool ever.
Crowdfunding with cryptocurrencies requires special software or engagement of engineers.
The number of projects that turn out to be scam is increasing in the ICO sphere.
For small-scale crowdfunding campaigns legal services cost too much.
Project initiators has no incentive to keep their investors updated with their progress.
Average entrepreneurs are stuck choosing the right advertising services.
The process of attracting investments requires a lot of work that does no good for the product itself.
Some startups might be spending raised funds on something other than the development of the project.
Non-blockchain and non-tech startups very rarely raise funds using the ICO model.
Many crowdfunded startups fail to deliver the product, not providing return of the remaining funds.
When the startup team receive all the funds at once their motivation could drop dramatically.
The lack of transparency opens up many ways of conducting fraudulent activity.
Services and tools being integrated in the Daox ecosystem are solving more issues and raising efficiency.
DXC is the native token of the Fundraising DAO Protocol, Daox Ecosystem and Platform. 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.
|Pre-ICO||June 20 — August 10|
|Main sale||August — October|
|Presale price||1 DXC = 0.20 USD|
|Soft Cap||4,5M USD|
|Hard Cap||30M USD|
|Max supply||300M 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.