The most common way of raising funds and getting investments these days is ICO. It has proven to be highly convenient way of investing and raising funds both. There are still many issues and problems that pertain in the process of ICO. This is where Daox steps in the picture. With more than $6 billion raised in the year 2017 which was incomparable to the funds raised from 2015 to 2016. The growth trend showed a very drastic change and went skyrocketing in 2017 because of a very simple innovative fund raising approach – ICO, meaning, initial coin offering.
The challenges and hurdles pertaining to ICO: Even with being the most convenient and innovative ways to invest and raise a fund, ICO has many problems that need dire attention. A high investment risk is one the very first and important reason why the ICO has been facing troubles. Secondly the complex technology might not be every body’s cup of tea. Understanding and getting used to the technology takes a lot of time and patience from the users end. The legal support is extremely expensive for such an approach. There is also a problem of inefficient marketing because of very less understanding of the market. Since the market is new not cracking the deal might be a tough situation for marketers. There is a severe lack of transparency in the ICO approach because of which the risk of fraudulent activities increases on a large scale. After all this there is low success ration to be expected. There needs to proper research in order to escape being a victim of one of the many scams. Overall the cryptocurrency being unpopular makes it volatile and puts the investor or fund raiser at risk.
The vision of Daox: Providing with a complete decentralised platform for the investors, Daox acts as a tool that can help interact the startups and the investors. Giving a balance that the industry always wanted, the platform of Daox helps the startups to flourish to their deserving spots. The special part about Daox is that the startup and the investor can communicate on an entirely autonomous platform which is decentralised meaning, it does not let any third party interfere or even the government through the blockchain technology. This assures complete security and privacy all the while securing any kind of communication and transaction. Daox is completely independent.
Why choose Dao: The approach by Dao for fundraising is the most transparent and fair way of collecting the funds. Backed by the blockchain technology this approach has never been possible for the cryptocurrency. With the widespread of cryptocurrency and the development of Dao platform it is now able to provide a secure storage for funds and receiving funds. The concept of Dao serves in an absolutely unbiased manner which guarantees success and convenience for both the parties. With the seamless process of investments and fund raising, the project founders can finally focus on the quality of their product and feel confident about the campaign being a hit amongst the users or their target audience. At the same time the investors will be able to earn money out of startups all around the world with absolute ease and convenience.
Website - https://daox.org/
Whitepaper - https://tokensale.daox.org/daox-whitepaper-eng.pdf
ANN - https://bitcointalk.org/index.php?topic=3799562.0
Telegram - https://t.me/daoxchat
Published by - karanj
Profile - https://bitcointalk.org/index.php?action=profile;u=1030341