The Protocol for all token sales that allows investors and startups deploy decentralized autonomous organizations. Daox ICO rating – not rated.
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PRE ICO Dates : 20/06/18 – 30/07/18
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About Daox ICO (token sale)
The Daox Protocol is the new standard for all kinds of token sales that allows investors and startups deploy and interact via independent decentralized autonomous organizations (DAOs), enabling safety, efficiency, and decentralized decision making.
Daox is proposing an advanced open-source technological solution and a unified protocol that is aimed at fixing the major problems related to token sales and crowdfunding.
The Protocol allows for the deploying of decentralized autonomous fundraising organizations (Fundraising DAOs) on the Ethereum blockchain. These DAOs play the role of advanced intermediaries between startups and their investors, protecting interests of both sides and increasing the efficiency of the capital.
They are like real world companies but instead of a legal body they have smart-contracts, instead of bank accounts they use cryptocurrencies, instead of shares there are tokens, and instead of the jurisdiction — a borderless blockchain network. The features of each DAO could differ, but the major goal is to motivate all parties to do its best for the project success.
One of the main principles of the protocol is that all the raised funds are stored in a DAO, instead of being at the disposal of a single individual (or group of individuals). The funds are released based on withdrawal proposals submitted by the startup team. If investors (token holders) of the startup find such proposals reasonable, they approve such requests.
The DXC Token
The DXC token (Daox coin) will be released right after the public launch of the Daox Network, and it will be for sale during the Decentralized Token Generation Event.
Uses of the DXC Token
DXC is the native token of the Fundraising DAO Protocol, Daox Ecosystem and Platform. It is an ERC20 utility token that is aimed to fuel the economy around the protocol and ideas of fair and open blockchain based investing of the future.
The token is ERC20 compatible and has a number of additional features:
– Features that enables for the interaction between users, third-party services and service providers (Daox Open API). For this, the code of the DXC implements functions that allow to automate the exchange of the DXC tokens for access to services.
– Features that enables for the use of DXCs as a tool to participate in DAOs that are created within Daox smart-contracts.