xDAC ICO

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.

The strength of the xDAC project lies in its original idea of Decentralised Autonomous Companies for business.

But the project has too many weaknesses:

No market vision and marketing strategy
No well thought-out business plan
No comparison with competitors.

xDAC has responded to business needs in the 21st century and epitomizes the savvy application of blockchain to the world’s affairs. With the reality of the global marketplace now entrenched, providing a carefully built and intelligent platform that enables clients’ business ambitions cannot go unnoticed.

With the token issue scheduled for January 2019 post the initial publicity and fund-raising stage, xDAC’s prospects look bright. Early uptake of the ICO comes with staggered rewards, based on first response, with early adopters being given a healthier bonus issue than those further down the line.