Daox logo
Website

Daox (DXC)

ICO
Daox bounty

Daox is the ecosystem and platform for Fundraising DAOs which serve as advanced intermediaries between investors and startups.

IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryRecruitment & Crowdsourcing / Trading & Investing / Ethereum Ecosystem / DAO / Protocol
Product typeMarketplace
FoundedUnited Arab Emirates
WhitepaperDaox White Paper Open

What is Daox

Daox is proposing an advanced open source technological solution and a unified protocol that aims to fix the major problems related to ICOs and crowdfunding, preserving the benefits of crypto, raising the efficiency of capital and establishing the basis for the future investment industry. This solution is called a Decentralized Autonomous Fundraising Organization or Fundraising DAO protocol.

Fundraising DAO is a solution that combines all the best practices of venture capital, ICOs, and crowdfunding in a unified Ethereum-based protocol. Fundraising 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 thereare 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 that protocol is that all the funds raised during the crowdsale 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 (DAO token holders) of the startup are satisfied with the way the project unfolds, they approve such requests.

However, if the majority of investors do not see that the startup stick to its declared roadmap and obligations, they can simply vote for the refund. This functionality alone solves some of the major problems of ICOs and crowdfunding.

Not only we can get rid of scams because it is simply becoming unprofitable, but we also increase the success ratio due to the fact that the startup’s team is way more motivated. The Fundraising DAO protocol is basically replicating the way joint-stock companies work, while also preserving all the benefits of crypto.

Each Fundraising DAO is modular. It means that its governance structureand 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. Imagine, building a DAO of blocks thatare representing different featuresand functionality.

All DAOs are entirely independent, including from Daox developers. All procedures related to DAO establishment, token release, transfer, and the return of funds are completely stored on the Ethereum blockchain network.

Neither the team of Daox developers nor any third parties have access to the collected funds that are stored in DAOs. In the same respect, no one can affect the predefined operating rules of such an organization except for its token holders

The source code of the Fundraising DAO protocol is open and available for review and contributions.

Details

Pre-sales: Jun 20, 2018 - Jul 30, 2018
Public sales: Sep 05, 2018 - Nov 14, 2018
Token supply: 210,000,000 DXC
Soft cap: 3,000 ETH
Hard cap: 20,000 ETH

Legal

Blockchain Platform: Ethereum
Country limitations: USA, Canada
Registration country: United Arab Emirates
Office address: Digital Expansion Inc. GENEVA PLACE WATERFRONT DRIVE PO BOX 3469, ROAD TOWN TORTOLA, BRITISH VIRGIN ISLANDS

Token info

Ticker: DXC
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 DXC = 0.2 USD
Accepted currencies: ETH
Token distribution:
70% - public & private sale
20% team
5% advisors
5% bounty & marketing
Funds allocation:
40% Development
25% Marketing and user acquisition
10% Legal support
10% Events
10% Staff and other company expenses
5% Reserve Fund

Daox Roadmap

1
May 2017

Research and planning of Daox.

2
June 2017

The Daox Proof of Concept.

3
September 2017

Start of the development of the Daox Platform.

4
October 2017

Alpha version of the Daox Platform.

5
December 2017

Beta version of Daox DApp on the Ethereum blockchain.

6
March 2018

Release of the Daox Platform.

7
April 2018

Opening the Private Token Sale.

8
May 2018

Release of the Daox DApp.

9
May 2018

The first crowdfunding campaign is launched on the platform.

10
June 2018

Opening the DXC token presale.

11
July 2018

Public sale of the DXC token.

12
September 2018

Launch of the Integrated Affiliate Network.
First listings of the DXC token on exchanges.

13
October 2018

Launch of the Know Your Client service on the platform.
Launch of the Daox Open API.

14
December 2018

Launch of the Fundraising Services Network.

15
February 2019

Launch of the Automated Legal Service - an AI-powered legal assistant.

16
March 2019

Beta launch of the Daox Wallet app.

17
April 2019

Start of the yearly hackathon series.

18
September 2019

Launch of the Daox Accelerator for startups.

19
Q1 2020

Release of the Daox Wallet app.

20
Q2 2020

Release of the Daox Exchange.

Project team

Oleg Gaidul
Oleg Gaidul
Intern
Oleg Gaidul linkedin
Alex Shevlyakov
Alex Shevlyakov
Product Lead
Alex Shevlyakov linkedin
Jordan Pool
Jordan Pool
Media Director
Jordan Pool linkedin
Anton Vityazev
Anton Vityazev
Tech Lead
Anton Vityazev linkedin
Kirill Bulgakov
Kirill Bulgakov
Smart Contracts Developer
Kirill Bulgakov linkedin
Oleg Adamov
Oleg Adamov
Mobile Developer
Oleg Adamov linkedin
Gleb Plotnikov
Gleb Plotnikov
UI/UX Designer
Gleb Plotnikov linkedin
Kevin Kimick
Kevin Kimick
Marketing Strategist
Kevin Kimick linkedin
Nina Mikhailenko
Nina Mikhailenko
Community Manager
Nina Mikhailenko linkedin
Natalie Dudkina
Natalie Dudkina
Key Partnership Manager
Natalie Dudkina linkedin
Elena Novozhilova
Elena Novozhilova
Key Partnership Manager
Elena Novozhilova linkedin
Alex Kuvaytsev
Alex Kuvaytsev
Project Lead
Alex Kuvaytsev linkedin
Enju Lu
Enju Lu
Asian Markets PR
Enju Lu linkedin
Artyom Molchanov
Artyom Molchanov
Data Scientist / AI Researcher
Artyom Molchanov linkedin

Advisors

Keith Teare
Keith Teare
Adviser
Keith Teare linkedin
George Kimionis
George Kimionis
Adviser
George Kimionis linkedin
Andrea Brignone
Andrea Brignone
Adviser
Mihai Milea
Mihai Milea
Adviser
Mihai Milea linkedin
Kyle Asman
Kyle Asman
Adviser
Kyle Asman linkedin
Dr. Walter Tonetto
Dr. Walter Tonetto
Adviser
Dr. Walter Tonetto linkedin
Kirill Kazakov
Kirill Kazakov
Adviser
Kirill Kazakov linkedin

Social media

Daox web-siteDaox RedditDaox MediumDaoxYouTubeDaox TelegramDaox InstagramDaox BTCTalkDaox LinkedInDaox X (Twitter)Daox Github

Leave a Reply

Your email address will not be published. Required fields are marked *

Sponsored Crypto Projects

Newly Published