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ICO Xdac: The Self-governed Platform For Creating And Managing Decentralized Autonomous Companies

Discussion in 'Altcoins' started by zedzed, May 4, 2018.

  1. zedzed

    zedzed Grand Mod

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    Morning jackobian's...;)

    What is xDAC?

    IMG_20180504_082336_464.JPG-Xdac: The Self-governed Platform For Creating And Managing Decentralized Autonomous Companies

    According to the official website
    www.xdac.co As a
    subclass of DAO, an xDAC 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.

    It is a Self-governed platform for creating and managing Decentralized Autonomous
    Companies.

    MISSION OF XDAC PLATFORM

    IMG_20180504_082209_227.JPG-Xdac: The Self-governed Platform For Creating And Managing Decentralized Autonomous Companies
    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 Platform
    The 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

    PROBLEMS AND SOLUTION

    IMG_20180504_081702_414.JPG-Xdac: The Self-governed Platform For Creating And Managing Decentralized Autonomous Companies
    Centralized businesses have a single point of failure and setting up global operations come with their own set of legal and regulatory issues.

    SOLUTION
    xDAC Platform aggregates three components together in one place, automates them, so system is beneficial for company and their customers. Companies have 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 who can benefit from decentralization.

    xDAC helps owners to operate a transparent
    decentralized company in front of their investors. Company owners can manage their team, tokens and financials, and securely store data on a decentralized ledger. Automated governance and dispute resolution will add to the speed of business evolvement and
    reward systems will make companies and their teams more productive, efficient, and motivated.

    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 FEATURES

    IMG_20180504_082640_342.JPG-Xdac: The Self-governed Platform For Creating And Managing Decentralized Autonomous Companies

    The focus of an xDAC Platform is based on company creation and token distribution. It also establishes standards for decentralized businesses. Whether it’s taking full advantage of decentralized ledger technology, automated dispute resolution or security of stored information, the platform lets anyone create and manage any kind of company without the limitations of geography.

    GOVERNANCE AND DISPUTES
    The xDAC platform establishes digital jurisdiction over xDACs created and operated by business owners. Disputes with third parties are resolved expediently and objectively through a decentralized Dispute Representative Board (DRB).

    OWNERSHIP AND TOKEN ISSUANCE
    Owners have option to issue a certain number of voting or non-voting tokens through a smart contract and distribute them between the owners or public via ICOs or a token sale.

    PAYMENT PROCESSING
    The most important part of each company is payment processing and the use of digital wallet technology. An xDAC platform will create a wallet with merchant tools for each xDAC upon the establishment of a company on the platform.

    LIABILITY FUND
    An xDAC Liability Fund is coverage in case the xDAC's debts or liabilities exceed a certain debt-to-equity ratio. It is calculated as a percentage of received payments until certain threshold is reached. This protects
    investors in case of xDAC default.

    PoW PERFORMANCE RATING
    xDAC’s PoW mechanism allows for an automated rating system to track the effectiveness of team members and companies and distribute the platform profit by way of participation.

    PROJECT AND TEAM MANAGEMENT
    Project and team management is a key feature of PoW Performance Rating. It helps xDAC keep up with tasks, scheduling, and distributing automated payments to team members.

    xDAC PLATFORM (CORE)
    xDAC Platform is the public’s smart contracts layer which provides an open-sourced implementation of the key components creating not only an environment
    but the governance for decentralized applications (DApps) and Autonomous Agents to be built on.

    The xDAC platform will be generating revenue from fees that will be used to reward the most productive xDACs based on their PoW performance rating to
    incentivize their productivity on xDAC platform.

    ACCOUNT TYPES
    Three types of accounts will exist on xDAC Platform:
    i. New xDAC: By creating an xDAC, owners will create a new company and are permitted to add team members, set their privileges, issue tokens, and other functions related to xDAC management.

    xDACs can make their information public and distribute tokens to the public through ICOs or any other public offering. xDAC will become an automatically transparent to investors account s.Investors will have full access to review company processes and may vote for their investors account which in turn,makes future ICOs more secure.

    ii. Team Member: This account is design 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.
    iii. Investor: From access to the database of public xDACs to information about their teams, productivity, financials, investors have the power to vote from their xDAC account.

    TOKEN SALE
    xDAC token is the platform currency used for dispute resolutions, payrolls, merchant payment processing, profit distribution and development incentives.

    Name: XDAC

    Blockchain: Ethereum-based (ERC20) token

    Token Issue Volume: 100,000,000

    Token Sale Volume: 40,000,000

    Soft Cap: 1,500 ETH

    Hard Cap: 35,500 ETH

    Token Price: 0.001 ETH

    1 ETH: 1,000 XDAC

    Min Purchase: 0.1 ETH/100 XDAC

    IMG_20180504_081645_410.JPG-Xdac: The Self-governed Platform For Creating And Managing Decentralized Autonomous Companies


    TOKEN DISTRIBUTION & USE OF FUNDS
    A token sale will distribute 40% of tokens within investors and 20% of tokens will be used to incentivize early adopters of the platform. The remaining 40% will be retained with the project team. Proceeds from a token sale will primarily be used for R&D, operational expenses and marketing.

    XDAC Token Distribution
    {filename}-Xdac: The Self-governed Platform For Creating And Managing Decentralized Autonomous Companies
    • 40% Token Sale (Pre-Sale and ICO)
    • 20% Community (Token Airdrop, xDAC Team Members and Arbiters)
    • 20% Team, Early Backers and Advisers (Vested 6 months)
    • 20% Foundation (Vested 1 year)
    Use of Funds
    {filename}-Xdac: The Self-governed Platform For Creating And Managing Decentralized Autonomous Companies
    • 40% Research & Development
    • 25% Marketing and Community Management
    • 25% Operational
    • 5% Legal & 5% Reserve
    ROADMAP
    Initially, we will focus on developing a reliable product. We project 2018 will be dedicated mostly to R&D. Starting in 2019, we will expand our efforts to marketing, development and building strategic partnerships.

    Nov 2017
    Dec 2017 - Jan 2018
    Mar 2018 - Apr 2018
    May 2018 - Aug 2018
    Aug - Oct 2018
    Nov 2018
    Jan 2019

    OFFICIAL SITES
    IMG_20180504_082319_515.JPG-Xdac: The Self-governed Platform For Creating And Managing Decentralized Autonomous Companies


    Website: www.xdac.co

    Telegram: xDAC Group

    Twitter: xDAC (@xdacco) | Twitter

    Facebook: XDAC

    Reddit: Build Your Decentralized Company • r/xDACplatform

    Medium: xDAC – Medium

    Github: xDAC Platform
     
    Last edited: May 4, 2018
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  3. sumana

    sumana Upcoming

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    Nice one