Daox has developed
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.
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 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.
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.
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.
The main application of the DXC token is that it enables interaction between Fundraising DAOs and service providers.
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.
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.
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-ICO||June 20 — July 30|
|Main sale||July 31 — September 30|
|Main sale price||1 DXC = 0.20 USD|
|Soft Cap||4,5M USD|
|Hard Cap||300M DXC — 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.
Daox is a completely open ecosystem, therefore neither developers of the Daox platform, nor any third parties can restrain the use of it.
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.
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).
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).
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.
All the unsold DXC tokens will be burnt.
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.
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.
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.
In escrow, the adoption of decisions is centralized and the interests of some individuals may not always coincide with the interests of most investors.
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.
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.
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.
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.