May 12, 2018
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.
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.
GOVERNANCE AND DISPUTESThe 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 ISSUANCEOwners 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 PROCESSINGThe 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 FUNDAn 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 RATINGxDAC’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 MANAGEMENTProject 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.
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.
Dec 2017 - Jan 2018
Mar 2018 - Apr 2018
May 2018 - Aug 2018
Aug - Oct 2018
Attention. There is a risk that unverified members are not actually members of the team
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.
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.
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