Crowdfunding has always been considered a tough task. Instead of finding a wealthy investor, the innovators and visionaries choose to meet several people and convince them for investing in their project. Every individual contributes with a small amount to fund a project that offers benefits to all the investors. Though it sounds easier, it is quite tough to convince the investors for investing their funds in a new project that may or may not generate the claimed profit. Many innovative platforms emerged within the last few years that promise to make crowdfunding easier and more efficient. These are blockchain powered crowdfunding platforms and DAOX is one of them. Let’s find out how it is different and why it is more beneficial.
How does DAOX work?
DAOX is a recently formed blockchain-powered platform which is offering a decentralized ecosystem for crowdfunding. It is using the blockchain technology to offer integrated and beneficial solutions for the ICOs or Initial Coin Offerings. It will pick the projects and arrange funds for those projects to help the project owners in initiating the development process fast. This platform is using the blockchain technology in order to develop some innovative solutions. Its innovative solutions will turn mass investment easier and beneficial for everyone.
The current crowdfunding platforms apply various restrictions that cause troubles in making mass investments. DAOX will be an ecosystem with minimal restrictions when it comes to arranging funds for global projects. There will not be any sort of geographical restriction, legal restriction, or other common issues that affect the fundraising campaigns of the ICOs.
Working on the principle of the Decentralized Autonomous Organization:
Now you might have understood why this platform is named as DAOX. It is working on the principle of the Decentralized Autonomous Organization. This platform will develop a DAO on the Ethereum Blockchain with the investors. The developers have used the same blockchain to develop DAOX. This solution will turn the investors and real project owners into the actual stakeholders of the platform developed by implementing the DAO principle. A dedicated team will run the process and they can make the withdrawals after getting permission from the investors.
Once a project is completed, the authors can sell the tokens to raise more funds. The DAOX platform is planning to make crowdfunding the easiest phase of the project development. Every investor will have a thorough information regarding where the funds are invested and how good the development work is taking place.
The investment procedure:
In order to invest in the DAOX project, you will have to buy the DAOx tokens during the ICO sale. The token sale will start very soon and you can buy the details regarding the price and date of the tokens will be out very quickly.
Final thoughts:
Many platforms are emerged in the recent years to make crowdfunding easier. DAOX is one of those platforms and it is allowing the investors to invest their money in global projects. If you also want to be a part of an innovative solution, join this platform and invest your bucks in it so that you can access innovative projects and fund them.
Links:
Website: https://daox.org/
Whitepaper: https://daox.org/daox-whitepaper-eng.pdf
Telegram: https://t.me/daoxchat
Posted from my blog with SteemPress : https://icoshrimp.com/daox-a-blockchain-powered-crowdfunding-platform/