The global business community is looking to benefit from true economic growth. A system free from the influence of regulatory agencies and malicious third-parties. One that is open countless enterprising opportunities that include raising capital through ICOs, streamlining operations via blockchains, and increasing profits. Introducing xDAC — a decentralized network with a built-in Proof of Work (PoW) incentive mechanism, a comprehensive governance tool, and an innovative support system for DApps and internal Autonomous Agents — all housed on top of EOS. Welcome to the newest way to effectively run your business.
The xDAC ICO comes with a strong business focus, offering a utility token that enables company or organizational expansion in a whole new way. Housed on top of EOS and essentially an offshoot or subclass of a DAO (decentralized autonomous organization), xDAC is a blockchain-based platform geared for emerging xDAC companies and associations.
An xDAC is a company or other organization running on a decentralized network that has an inbuilt PoW (Proof of Work) incentive protocol, as well as comprehensive management and governance tools.
The network also encompasses a support system for DApps, essentially allowing linked yet autonomous offshoots of the parent company to arise in the same mold anywhere in the world. This means that expansion is now facilitated by the blockchain in a rapid, secure and decentralized manner.
Another difference between an xDAC company and the typical single entity hierarchy is that corporate or organizational governance is regulated by the xDAC platform. Designed as a “self-sustainable decentralized ecosystem consisting of businesses motivated to reap the benefits of their success without geographical limitations,” according to the project’s developers, xDAC is focused on business growth facilitation and management.
xDAC ICO Key Points
Token Type:Utility
Platform:EOS
Symbol:XDAC
Pre-sale:45 percent bonus
Token Sale: March 2018 — August 2018
Token Supply: 100,000,000
Tokens Available for Sale:40,000,000
Soft Cap: 1,500 ETH
Hard Cap: 35,500 ETH
Price:1 XDAC = 0.001 ETH
Payments accepted: ETH, min purchase 0.1 ETH
Barred from Participation: None specifically precluded from participation. Participants will be governed by their country legislation.
Autonomy & Transparency
At the end of the day, xDAC aims to manage itself in self-governance by cutting out middlemen and providing trust and transparency by using a blockchain. But does this mean xDAC plans to separate itself entirely from the laws and taxes that regulate companies? It seems unfair to the global economy and many governments and corporations are likely to see this as an attack. xDACs goal is to create consistent regulations for businesses across its platform. If rule changes are requested, the platform will be open to the proposed change and token holders will have the option to vote accordingly. The primary objective of xDAC is to ensure the protection of businesses on the platform.
Full Control Over Governance, Finances, and Team
xDAC Platform aggregates three components together in one place and automates them. This is designed to benefit both the company and their customers. Companies have full control over their governance, finances and their respective team. Business partners have confidence that companies they deal with are reliable and solvent by using a transparent system of governance and dispute resolution. An xDAC Platform is focused on creating a comprehensive framework for entrepreneurs, teams, autonomous agents or investors in crypto space. All users can benefit from decentralization.
Why Is xDAC Better?
Organizations, associations and businesses particularly face huge challenges in expansion, particularly distant expansion into other countries. They need to split resources, invest time and money and still maintain their existing domestic service levels while also ideally presenting as ready-made in the new commercial arena.
xDAC allows businesses to develop, manage and govern expansion in a decentralized manner, balancing autonomy with existing CI and protocols, allowing for rapid expansion into.
What Is xDAC’s Offer?
Any xDAC ecosystem can be seen as a number of distinct technological layers that are strategically connected. Through the utility token and employment of open, smart contracts, xDAC allows for the implementation of key aspects of expansion, providing the base building blocks that enable governance for DApps and management of autonomous agents in a rapid organic setup.
Project and team management, scheduling and monitoring of tasks as well as automated payments are all faster, more fluid and more cost-effective on the xDAC platform.
How Does It Work?
xDAC eliminates the traditional constraints associated with expansion, as well as much of the expense generated by needed oversight. There is no longer the need for the typical considerations around expansion, nor the usual large tax on the company coffers in implementation, as all of the management and many of the developmental issues are now decentralized and tightly governed on the blockchain.
3 Reasons to Trust xDAC More Than Traditional Businesses?
Fast and automated dispute resolution: xDAC provides arbitration system for any given dispute between two parties which allows decentralized arbitrators to resolve dispute based on documents provided by applicant and defendant very quickly.
Liability fund that can cover company’s debts or liabilities: Liability Fund is liability coverage in case of the xDAC’s debts or liabilities. It is created as percentage from received payment that is stored on separate wallet until certain limits are reached.
Transparency: Ownership in public xDAC organization is transparent and transferable. Voting token holdings are public, and owners have the right to transfer ownership to another party. There are four transparent functions of ownership built into public xDAC: (a) List all voting token holders (and their holdings) (b) Issue tokens, arbitrarily or with parameters © Sell or transfer tokens (d) Issue new non-voting tokens.
The xDAC Control Panel
xDAC will come with an intuitive control panel allowing users to seamlessly navigate content as a Web Host. Unlike most decentralized autonomous organizations, xDAC allows users to select their domain and deliver content to both the centralized and decentralized network. The best part: users owners take full advantage of a deregulated system with no local government registrations or interference.
Here are some of the key features and benefits of xDAC, according to the company’s White Paper:
Same governance across entire platform
Control over teams and finances
Easy fundraising
xDAC platform profits distributed back to xDAC’s, not to other projects
Less administrative adherence, more time to focus on business
Who Comprises The xDAC Team?
The core xDAC team is an experienced app development collaborative, headed by Project Lead, Oskar Duris, the xDAC founder. Reporting to the Technical Lead, Joseph Halter, are Frontend Developer Sergey Anpilogov, key Blockchain Developer Dmytro Stepanenko and QA Engineer Alex Harmash. The core team also comprises the Research Lead Benjamin McDermott and Michael Marquis as the Communication Lead.
All have been extensively involved in DAPP development for innumerable clients over recent years and the team has been put together to enable correct expertise applied to core essentials of the offer, addressing clients’ needs and structured to enable legitimate future growth. In addition to the facilitation of business expansion, xDAC is also looking to establish standards for decentralized business, a key positioning play.
Where Is xDAC based?
xDAC is an American company, incorporated, resident and operational within the United States of America.
The XDAC Token Explained
XDAC token is a platform currency representing value and wealth in the decentralized economy used for exchange of values between xDAC companies, employees, customers and other third-party entities. The token will be used on the xDAC Platform for dispute resolutions, pay team members, accept payments for services, profit distribution, and incentivize development. XDAC tokens are ERC-20-compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract. Ethereum tokens distributed in the ICO phase are pre-existing tokens and will be migrated to another protocol on the EOS platform.
Next Up for xDAC
Initially, xDAC will focus on developing a reliable product. They project 2018 will be dedicated mostly to R&D and starting in 2019, will expand their efforts to marketing, development and building strategic partnerships. Here’s a glimpse of their projected launch timeline:
Nov 2017: Start of the project (Team Set Up and Project Launch)
Dec 2017 — Jan 2018: Preparation for ICO (White Paper, Market Analyzes, Landing Page)
Mar 2018: Token Distribution: Airdrop, Pre-ICO Round (Launch of Airdrop campaign and pre-ICO with soft cap 1,500 ETH. Smart Contract, token issuing)
Apr 2018 — Aug 2018: Token Distribution: ICO Round & Dev (Distribution of remaining tokens. Integration identity verification, governance. Development of xDAC client — Company and Valet)
Aug — Oct 2018: Development & Testing (Development of xDAC Core functions i.e. Voting, Ratings, Client functions, Team and Tasks)
Nov 2018: Alpha Release & Testing (Alpha version release of xDAC Platform and xDAC Client)
Jan 2019: Beta Release & Testing (Beta version release of xDAC Platform and xDAC Client)
Whether it’s innovative decentralized ledger technology, security of stored information, or automated dispute resolution, the future is bright for profit-driven decentralized companies established on the xDAC platform.
xDAC Conclusion
xDAC has responded to business needs in the 21st century and epitomizes the savvy application of blockchain to the world’s affairs. With the reality of the global marketplace now entrenched, providing a carefully built and intelligent platform that enables clients’ business ambitions cannot go unnoticed.
With the token issue scheduled for January 2019 post the initial publicity and fund-raising stage, xDAC’s prospects look bright. Early uptake of the ICO comes with staggered rewards, based on first response, with early adopters being given a healthier bonus issue than those further down the line.
You can find the company’s Whitepaper here:
Whitepaper PDF: https://www.xdac.co/docs/xDAC-Whitepaper.pdf
Whitepaper HTML: https://www.xdac.co/wiki/
Visit Website : https://www.xdac.co/
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