Hi Friends, feels great to know the weekend is around the corner. I would love to share with us, an exciting and promising project with real world use case. As usual, kindly spare some minutes to read through.
xDAC
What is 'xDAC'? xDAC is a Decentralized Autonomous Company created and operated on xDAC Platform by one or multiple human or autonomous agent owners or a mixture of both that share a common purpose and unites in order to achieve specific, declared goals. XDAC is a subclass of DAO, and as stated above, it is a company on a decentralized network with a built-in Proof of Work (PoW) incentive mechanism, a comprehensive governance and management tools, and a support system for DApps and Autonomous Agents - all housed on top of EOS. The xDAC governance is regulated by an xDAC platform – designed as a self-sustainable decentralized ecosystem consisting of businesses motivated to reap the benefits of their success without geographical limitations.
The major focus of an xDAC platform is not just company creation and token distribution, but establishing standards for decentralized businesses. An xDAC platform takes full advantage of decentralized ledger technology and lets anyone create and manage company without the limitations of geography. Interesting right? Please read on.
An xDAC Platform is focused on creating a comprehensive framework for entrepreneurs, teams, autonomous agents and investors in crypto space – all of whom benefit from a decentralized entity.
xDAC platform would leverage on the EOS blockchain platform because, amongst the decentralized smart contract platforms, EOS is the most advanced, feeless, blockchain platform. EOS is a dynamic blockchain with a large contingency of developers. With the introduction of WebAssembly, developers are allowed to use C++ with smart contracts to receive higher performance of native code. C++ has already extended a number of libraries with tested and proven code available to developers. This limits the margin of error and can be used in smart contracts. Also, EOS lays reasonable foundation for running smart contracts that are managed by xDAC Platform functions.
Basically, three types of accounts will exist on the xDAC platform namely; New xDAC, Team Member and Investor.
Upon creating a ‘New xDAC’, the owners will create a new company and also have the necessary rights to add team members, set their priviledges, issue tokens, and other basic functions that are related to xDAC management. The ‘Team Member’ account is designed for company employees, contractors, freelancers or autonomous agents looking to join a specific xDAC team or any other team looking to hire new members into their team, while the ‘Investor’ gives room for access to the database of public xDACs to information about their teams, productivity, financials, investors have the power to vote from their xDAC account.
Interestingly, xDAC Platform will create wallet for each xDAC upon company establishment. The digital wallet will contain merchant features like a “Buy Now” button and streamlined billing. The “Buy Now” button can be placed on the company’s website and billing options allow for the creation of invoices. Payments can be accepted in different crypto currencies and converted by using third party services such as ShapeShift or atomic swaps. The third party payments can be easily integrated for currencies that support this option.
Some great things this platform has to offer: Fast and automated dispute resolution; Liability fund that can cover company’s debts or liabilities; Transparency; Proof of Work(PoW) Performance rating; Project and Team Management; No local government registrations and interference; Easy fundraising; Control over teams and finances
Pre-Sale starts on May 15th, 2018 at exactly 16:00 UTC, with 45% bonus.
#xDAC #Blockchain #DAO #TokenSale
Website: www.xdac.co
Twitter: https://twitter.com/xdacco