Daox is a solution that lets startups and investors form decentralized autonomous organizations which serve as advanced intermediaries.
Daox is a completely open ecosystem, therefore neither developers of the Daox platform, nor any third parties can restrain the use of it.
First of all, each DAO created using Daox is completely independent and resides on the Ethereum blockchain. Secondly, neither the team of Daox developers nor any third parties have access to the collected funds that are stored in DAOs. Thirdly, the source code of Daox is open and we provide its detailed description.
The concept of a decentralized autonomous organization is only applicable using blockchain technology. Blockchain is also needed to allow the use of cryptocurrencies. There is also a detailed explanation of how we use blockchain and why we need it in our white paper (cf. 2.1).
First of all, Daox-based DAOs are supposed to raise funds in ether, not in DXCs. The DXC token is needed to allow for the interactions in the ecosystem as it provides necessary functionality that can’t be implemented using ether (e.g. deposits).
The DXC token is ERC20 compatible, therefore it could be listed on many exchanges. The actual dates of such events will be announced in our Telegram chat and other social networks.
All the unsold DXC tokens will be burnt.
Not necessarily, the project can announce its spending plan and comply with it; however, project initiators can require a withdrawal of any amount from a DAO. If the request makes sense, investors will approve it. This kind of approach maintains the project’s flexibility.
Every token holder can submit a proposal for activating the refund mode. Such a proposal should be approved by 90% of the tokens, excluding the number of tokens distributed to the team when the DAO was created.
All the proceeds raised and stored following the principles of Daox are protected from misuse and unauthorized withdrawal. The finances are securely stored in Ethereum smart contracts and could only be used on project development. Therefore, scams and any other fraudulent activity are almost completely eliminated.
In escrow, the adoption of decisions is centralized and the interests of some individuals may not always coincide with the interests of most investors.
Not a problem. Daox-based DAOs only allow for withdrawals to the addresses of project initiators. Therefore, having 51% ownership gives enough power to approve any proposal to the team's addresses.
Sure. Each time a DAO is created using the Daox solution, separate ERC20 compatible tokens are created too. Besides the ERC20 and Daox functionality it is also available to add any custom functions.
No commission is charged when using Daox or during the crowdfunding campaign via DAOs created on the Daox platform. Commission is only charged when an investor comes from the daox.org catalogue. But it is possible to opt out from being listed in it.
Our company is being incorporated in Dubai. But we also have offices in Spain and Russia.
The DXC token enables all the interactions in the Daox ecosystem. DXC has a built-in functionality to be easily integrated in third-party services. From a legal standpoint the DXC is a utility token.Get DXC Tokens
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