Ecosystem for Fundraising DAOs

Daox is the ecosystem and platform for Fundraising DAOs which are advanced intermediaries between investors and startups. This is the ICO 2.0

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01
Welcome to the Future of ICOs

Daox has developed the ultimate blockchain-based solution for interaction between startups and their investors — a Fundraising Decentralized Autonomous Organization or Fundraising DAO.

02
How it Works

ICOs and crowdfunding campaigns are easily launched using the Daox Platform.

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.

03
Why Fundraising DAOs will Revolutionize Investing?

Fundraising DAOs play the role of advanced intermediaries between startups and their investors. They combine the best practices of venture capital, ICOs, and crowdfunding.

Here is a comparison of Fundraising DAOs vs other forms of investing.

04
Meet the Ecosystem for Fundraising DAOs

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.

05
Daox Platform

The whole process of building Fundraising DAOs and interacting with them is done in a user-friendly application. Startups can build their DAOs, with their own ERC20 tokens and start ICOs in a matter of minutes.

06
Daox is Solving Major Problems of ICOs and Crowdfunding

Here are some of the issues related to ICOs, crowdfunding, and investments sphere, that are solved by Daox today. Each step of the development of the independent Daox ecosystem will enlarge this list, making Daox-based entities the smartest fundraising tool ever.

Complexity of tech

Crowdfunding with cryptocurrencies requires special software or engagement of engineers.

SCAMs

The number of projects that turn out to be scam is increasing in the ICO sphere.

Expensive Legal Support

For small-scale crowdfunding campaigns legal services cost too much.

LACK OF TRANSPARENCY

Project initiators has no incentive to keep their investors updated with their progress.

INEFFICIENT MARKETING

Average entrepreneurs are stuck choosing the right advertising services.

EXCESSIVE TIME INPUT

The process of attracting investments requires a lot of work that does no good for the product itself.

FUNDS MISUSE

Some startups might be spending raised funds on something other than the development of the project.

FEW NON-BLOCKCHAIN STARTUPS

Non-blockchain and non-tech startups very rarely raise funds using the ICO model.

FREQUENT FAILURES

Many crowdfunded startups fail to deliver the product, not providing return of the remaining funds.

DECREASE OF MOTIVATION

When the startup team receive all the funds at once their motivation could drop dramatically.

FRAUDULENT ACTIVITIES

The lack of transparency opens up many ways of conducting fraudulent activity.

AND MANY OTHER

Services and tools being integrated in the Daox ecosystem are solving more issues and raising efficiency.

07
Daox Architecture
DAOs

Independent fundraising organizations that reside on the Ethereum blockchain, created using the Daox DApp.

Daox DApp

A modular Solidity framework on the Ethereum blockchain that enables DAOs to be easily deployed.

Daox Platform

A user-friendly interface for the Daox ecosystem, used for creation and interaction with DAOs.

Daox Open API

A protocol that enables integration into the Daox ecosystem, Daox Platform and the DXC token.

DXC Token

An Ethereum-based token that enables interaction of third-party services and DAOs.

Services and Tools

Third-party services and tools that are integrated via Daox Open API.

Each DAO is modular

Each Fundraising DAO is modular. It means that its governance structure and functionality might be adjusted to the specific needs of different projects. For example, authors could set up a simple DAICO issuing utility tokens, or create an organization that will pay dividends, or even offer equity-based tokens.

DXC is the native token of the Daox Ecosystem

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. From a legal standpoint, DXC is the utility token.

09
Uses of the DXC Token

The main application of the DXC token is that it enables interaction between Fundraising DAOs and service providers.

10
The DXC is Like a Gas to Run Cryptofunding Campaigns

Average ICO or crowdfunding project is spending 10% of its fundraising target for marketing and other services. The DXC is used to get access to such services in the open Daox Ecosystem.

The capital raised via ICOs and crowdfunding is expected to hit $110 billion in 2019.

11
Why buy DXC Tokens?

Besides the obvious benefits, each DXC token-holder has the right to vote for the future project development. So, either Daox will meet expectations of the DXC buyers, or they would be able to vote for the return of the remaining funds.

LIMITED RELEASE

During the TGE a total amount of 300 million DXC tokens will be released. The token’s code excludes the ability of increasing its count.

BACKED BY VENTURES

The DXC token is used to launch and promote fundraising campaigns for innovative projects and promising startups.

APPLICATION

With new services, tools and funding campaigns in the Daox ecosystem, the opportunities for using the DXC token constantly expand.

INNOVATIVE PRODUCT

The DXC token is the main tool for interaction in the ecosystem that drives innovations to the investment sphere.

THE WALLET APP

The DXC token is integrated to the Daox Wallet app that serves as a tool to make the participation in ICOs mainstream.

ERC20 COMPATIBLE

The token meets the ERC20 standard, which means that right after its launch it can be transmitted among Ethereum users.

12
Token Sale Details

In accordance with the concept and ideas of fair crowdfunding that is being proposed by the Daox project itself, the total amount of cryptocurrency raised during the token sale will be stored in a decentralized autonomous organization, established on the daox.org platform.

Consequently, DXC token holders will be able to control expenditures, hence their risks will be almost entirely eliminated. If the majority of DXC token holders are not happy with the way the Daox project unfolds, they can vote for a full refund of the remaining proceeds.

Pre-ICOJune 20 — July 30
Main saleJuly 31 — September 30
Main sale price1 DXC = 0.20 USD
Soft Cap4,5M USD
Hard Cap300M DXC — 30M USD
Max supply300M DXC
Delivery dateImmediately after purchase
13
Token Distribution Structure
14
Use of Proceeds
40%
Development
25%
Marketing and user acquisition
10%
Legal support
10%
Events
10%
Staff and other company expenses
5%
Reserve Fund
15
Roadmap
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
Sept/Nov 2018
First listings of the DXC token on exchanges
October 2018
Launch of the Know Your Client service on the platform
October 2018
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
16
Team and Advisers
Oleg Gaidul
Chief Executive Officer

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.

Joosung Lee
Asian Market Analyst

Joosung has an extensive experience in business development and international transactions that he has gained while working in Hyundai and Samsung, among others. M.S. in Quantity Surveying. B.S. in Mechanical Engineering and B.A. in International Trade. MBA education in France.

Alex Shevlyakov
Product Lead

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.

Jordan Pool
Media Director

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.

Anton Vityazev
Tech Lead

More than 5 years in web development. High-load and complex systems architect. Blockchain expert. Master's degree in cybersecurity.

Kirill Bulgakov
Smart Contracts Developer

Backend and smart contracts developer, inspired by dApps and blockchain technology. Natural language processing researcher and ML developer in the past.

Oleg Adamov
Mobile Developer

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.

Gleb Plotnikov
UI/UX Designer

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.

Kevin Kimick
Marketing Strategist

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 Molchanov
Data Scientist / AI Researcher

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.

Nina Mikhailenko
Community Manager

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.

Natalie Dudkina
Key Partnership Manager

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: Managment, Economist, Philologist.

Elena Novozhilova
Key Partnership Manager

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.

Keith Teare
Adviser

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.

George Kimionis
Adviser

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 Brignone
Adviser

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.

Mihai Milea
Adviser

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.

Kyle Asman
Adviser

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.

Dr. Walter Tonetto
Adviser

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 Daox White Paper

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.

Download White PaperEnglish, 4.6 MB
18
Market Analysis

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.

Venture capital investment market according to Dow Jones
Crowdfunding market according to TechNavio excluding p2p lending
Forecast for the ICO market in 2018

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.

19
Press and News
20
Meet Us
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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.

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22
Frequently Asked Questions
Who can raise funds using Daox?

Daox is a completely open ecosystem, therefore neither developers of the Daox platform, nor any third parties can restrain the use of it.

How do I know the funds are safe?

First of all, each DAO created using Daox 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 Daox is open and we provide its detailed description.

Why do you need blockchain in your project?

The concept of a decentralized autonomous organization 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 (cf. 2.1).

Why do you need your own DXC token? Why can’t you use ether instead?

First of all, Daox-based DAOs are supposed to raise funds in ether, not in DXCs. The DXC token is needed to allow for the interactions in the ecosystem as it provides necessary functionality that can’t be implemented using ether (e.g. deposits).

When will the DXC token be listed on exchanges?

The DXC token is ERC20 compatible, therefore it could be listed on many exchanges. We The actual dates of such events will be announced in our Telegram chat and other social networks.

What will happen with the unsold DXC tokens?

All the unsold DXC tokens will be burnt.

Should the project determine its spending plan in advance?

Not necessarily, the project can announce its spending plan and comply with it; however, project initiators can require a withdrawal of any amount from a DAO. If the request makes sense, investors will approve it. This kind of approach maintains the project’s flexibility.

Is it possible to return funds from a DAO?

Every token holder can submit a proposal for activating the refund mode. Such a proposal should be approved by 90% of the tokens, excluding the number of tokens distributed to the team when the DAO was created.

How does the application of a DAO reduce investment risk?

All the proceeds raised and stored following the principles of Daox are protected from misuse and unauthorized withdrawal. The finances are securely stored in Ethereum smart contracts and could only be used on project development. Therefore, scams and any other fraudulent activity are almost completely eliminated.

Why is DAO better than escrow?

In escrow, the adoption of decisions is centralized and the interests of some individuals may not always coincide with the interests of most investors.

What happens if someone gets more than 50% of all tokens of a DAO?

Not a problem. Daox-based DAOs only allow for withdrawals to the addresses of project initiators. Therefore, having 51% ownership gives enough power to approve any proposal to the team's addresses.

If we create a DAO using Daox, will we be able to issue our own tokens?

Sure. Each time a DAO is created using the Daox solution, separate ERC20 compatible tokens are created too. Besides the ERC20 and Daox functionality it is also available to add any custom functions.

Does Daox charge a commission?

No commission is charged when using Daox or during the crowdfunding campaign via DAOs created using Daox. Commission is only charged when an investor comes from the daox.org catalogue. But it is possible to opt out from being listed in it.

Where is your company based?

Our company is being incorporated in Dubai. But we also have offices in Spain and Russia.

Limited Pre-ICO

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:

1 DXC = 0.20 USD
0USD,  0ETH
Thank You

We will notify you when the presale starts.