xDAC ICO

xDAC ICO

Created using Figma
Created using Figma

Last Update

May 12, 2018

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ICO
May, 2018
Jun, 2018
100% completed
Raised funds - no Data
Goal 20 000 000 USD
Cap 20 000 000 USD
past
  • 1 XDAC
    =
    0.7 USD
Pre-ICO
May, 2018
May, 2018
100% completed
Raised funds - no Data
Goal 800 000 USD
Cap 800 000 USD
past
  • 1 XDAC
    =
    0.7 USD
Token Details
Ticker
XDAC
Accepted Currencies
ETH
Additional Details
Platform
Ethereum, EOS
KYC
Yes
Company Details
Registered Country
USA

About xDAC ICO

xDAC

xDAC is a Decentralized Autonomous Company created and operated on xDAC Platform, decentralized digital ledger, 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.

 

Problem and Solution

Centralized businesses have a single point of failure and setting up global operations come with their own set of legal and regulatory issues.

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.

Features

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.

Technical Info

xDAC platform:

The public’s smart contract layer provides an open-sourced implementation of key components creating the governance for decentralized applications (DApps) and Autonomous Agents to be built upon.

Roadmap

  • November, 2017

  • Start. Start of the project, Team Set up and Project start off.
  • Dec 2017 - Jan 2018

  • Preparation for ICO White Paper, Market Analyzes, Landing page
  • Mar 2018 - Apr 2018

  • Bounties, Community, Private Placement Launch of bounty campaign and community engagement. Smart Contract, token issuing. Private placement round.
  • May 2018 - Aug 2018

  • Token Distribution: ICO Round & Dev Pre-sale and ICO. Distribution of tokens. Integration identity verification, governance. Development of xDAC client - Company and Wallets.
  • Read More
  • Aug - Oct 2018

  • Development & Testing Development of xDAC Core functions (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

Activity

Status:
Newbie
VERY LOW
Activity:
17
VERY LOW
Merit:
0
VERY LOW
Posts:
1 030
VERY HIGH
Views:
3 062
LOW
Status:
Jr. Member
LOW
Activity:
43
VERY LOW
Merit:
0
VERY LOW
Posts:
3
VERY LOW
Views:
174
VERY LOW
Users:
3
VERY LOW
Posts:
18
VERY LOW
Followers:
26 691
VERY HIGH
Likes:
25 861
VERY HIGH
Rating:
4.90
VERY HIGH
Reviews:
3 869
VERY HIGH
Followers:
46 418
VERY HIGH
Tweets:
123
MEDIUM
Members:
56 522
VERY HIGH
Alexa
Rank:
191 115
HIGH
Delta:
19 062
Year commits:
5 936
Watchers:
35
Stars:
14
Forks:
7
Open issues:
0

Team

Verified 71%

Attention. There is a risk that unverified members are not actually members of the team

Project Lead
verified
Technical Lead
verified
Communication Lead
verified
Research Lead
verified
Blockchain Developer
verified
QA Engineer
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

2 ICOs

$3 600 000

Advisor
unverified
Oskar Duris
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm founder and project lead at xDAC. The xDAC project has incredible potential to revolutionize the way we conduct business. It automates daily processes and protects companies and their customers while reaching their goals.
Eric Stone
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Technical Lead for xDAC
Michael Marquis
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As the Commications Lead, I am responsible for spreading the word about xDAC's breakthrough platform.
Benjamin McDermott
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As the Research Lead at xDAC, I dive deep into complex, technical topics to distill and implement the most beneficial findings to further our goal of revolutionizing business.
Dmytro Stepanenko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Blockchain Developer

Last News

4.37

positive
5.0 16
ICO Profile Vision Activity Potential Product Team
Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

XDAC

This is a subclass  of Decentralized Autonomous Organization(DAO), XDAC is a company on a decentralized  network with a built-in Proof of Work(PoW) incentive mechanism,a comprehensive governance and management tool and a support system  for DApps  and internal autonomous agents al, housed on top of EOS.

PROS:

  • The platform allows seamless dispute resolution as it provides arbitration system for any given dispute between  two parties which allows arbitrators to solve dispute based on documents provided by the applicant  and defendant very quickly
  • The platform enables companies to have a transparent system of governance  and dispute resolution hence attracting many customers  and business partners
  • The  involved company owners can manage their teams, tokens and financials and securely store the data on a decentralized ledger  preventing any loss of these information
  • The platform has set aside a liability fund  that helps in covering the company’s  debts and liabilities in case the xDAC’s debts and liabilities exceed  a certain debt-to-liability ratio
  • The platform permits the company owners to issue a certain number of  voting and non-voting tokens through a smart contract and distribute  them between the owners or public via the ICO or token sale
  • The  platform’s PoW  mechanism allows for an automated rating system to track the effectiveness of the team members and the companies  and distribute the companies profit by way of participation
  • The platform team is adequate  with relevant expertise  necessary  for the project implementation led by the founder Oskar Duris

CONS:

  • The XDAC tokens doesn’t  give the holders more tights over the company’s  profits and decision making
  • The funds raised by the platform tokens during the pre-token sale stage are not secured  and can be easily lost
  • The platform white paper  the projected  project roadmap and adequate team profile

SUGGESTIONS:

  • The platform white paper should be bear more details on the teams profile and the project roadmap
  • The  platform should  ensure that all the funds raised during the pre-token sale are secure with warranties to prevent any loss

NOTE:

The platform enables autonomous agents and company owners to easily unite together in order to focus their talents and organize their collectively available skills and resources to achieve specific goals through the decentralized digital ledger. This makes the platform viable hence worth investing on.

Read More
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