Daox has developed a community-driven blockchain-based solution for interaction between startups and their investors — a Decentralized Autonomous Fundraising Organization or Fundraising DAO protocol.
Fundraising DAOs play the role of advanced intermediaries between startups and their investors. They combine the best practices of venture capital, ICOs, and crowdfunding in a unified Ethereum-based protocol. This is the ICO 2.0.
How it Works?
ICOs and crowdfunding campaigns are easily launched using the Daox Platform or any Ethereum client.
Each campaign then forms an Ethereum-based Fundraising DAO featuring its own ERC20 token.
Each DAO holds the raised funds and is managed by the transparent voting of its token holders.
Why Invest in ICO 2.0 Based Startups?
Tokens are backed by raised funds
Token holders can get a refund
Anti-scam ICO structure
Project progress must be transparent
Startup team is highly motivated
Smart contracts are checked by the community
What ICO Problems are Solved?
High investment risks, complexity of tech, inefficient crowdsale marketing, lack of transparency, fraudulent activities, low success ratio, funds misuse, lack of motivation in the team, scams, etc.
Do you have an MVP?
We have a live product, and we are building a community around it.
DXC — The Token for ICOs 2.0. Why is this token different?
1. It's an ICO 2.0 Token, so its value is backed by raised funds, and token holders can get a refund.
2. Also, DXC is the Functional Part of the Fundraising DAO Protocol, which is open-source and community-driven, therefore will live even if Daox cease to exist.
3. Its distribution is transparent online (including past and future discounts!).
4. Strong tokenomics (not "the payment for platform services").
Thank you for the high appreciation of our work and team.
There are very few blockchain startups with a unique idea or approach these days, and we believe that Daox is one of them. And here's why:
We are not building just a platform, or just another DAO framework.
We propose a unified fundraising protocol (Fundraising DAO) which is aimed at fixing the most important problems of blockchain based investing. It is open-source, modular, independent and already warmly greeted by the community. As a community-driven project it will keep evolving until it becomes a gold standard for the majority.
We are also building one of the most advanced platform for Fundraising DAOs, with the main objective to make this protocol popular and easily accessible.
So Daox combines a unique inventive idea, a new community-driven product, and a platform to kickstart it. It is a solution for today's problems of crypto investing. And the fact that tokens are dramatically losing their value the same day they hit exchanges, shows that some sort of solution is indeed necessary now.
Internet Marketer | Crypto Enthusiast | Investor | Trader | ICO Advisor Rated on Jun 26, 2018
5
5
5
13%
I love this idea very much really. This, if done right, will help future ICOs projects to remove almost barriers encountered now and increase its success rate.
The MVP is good but it needs to improve its loading speed as it took a while to get it fully loaded from my side.
Team need to be diversified to make a stronger and convincing.
We will definitely keep working on our product, and we are hiring amazing people to join our team. So I believe that the community will love the result.
Investment Manager, Pre-ICO Venture Capital Investor, ICO Advisor Rated on Jun 29, 2018
4
5
2
12%
Nice concept, but the way you want to structure the investments you need to have the regulatory authorities on board. I can't see anything about that in the whitepaper.
The legal side of investing and raising funds is very important, especially when it comes to innovative solutions, such as autonomous organizations. Of course, we do work closely with law firms to ensure that Daox complies with the law.
Although we are also working on some legal solutions for ICO projects, this is not a part of our product or general development plan, and therefore it is not announced in our WP. Our priority is to introduce and spread a technological solution (protocol) that will be trusted and welcomed by the community. The same community that made crypto movement a reality.
Moreover, each case is individual. We do our best to support the first projects that use Fundraising DAO protocol, including the legal aspect. We believe that legal expertise around the Protocol will continue to evolve, with a growing number of projects and a community around the fair approach to the ICO.
CEO | Investor |FinTech in Stocks | Blockchain in Cryptos Rated on Jul 13, 2018
5
5
5
6%
Decentralized Autonomous Fundraising Organization or Fundraising DAO protocol.
Interested to find out at which stage do you release the raised funds back to the ICOs?
First of all, Daox doesn't hold the funds of ICOs at any stage. Each DAO-based token sale is completely independent and autonomous. Each startup and its investors are creating their own Ethereum based DAO (using the Daox Protocol).
The funds are released based on withdrawal proposals submitted by the team of the startup. These proposals are being approved or declined by investors. Moreover, if the majority of investors are unsatisfied with the way the project unfolds, they can vote for the refund.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
