The Daox Protocol is the new standard for all kinds of token sales that allows investors and startups deploy and interact via independent decentralized autonomous organizations (DAOs), enabling safety, efficiency, and decentralized decision making.
It is saving investor’s money in case the startup fails at early-stage (9 out of 10), making ICOs transparent, and strengthening the value of tokens on exchanges. And here is how:
How it Works?
ICOs and crowdfunding campaigns are easily launched using the Daox Protocol.
Each campaign then forms an Ethereum-based decentralized autonomous organization featuring its own ERC20 token.
Each DAO holds the raised funds and is managed by the transparent voting of its token holders.
One of the main principles is that all the collected funds are stored in a DAO instead of being at the disposal of a single individual. The funds are released based on withdrawal proposals submitted by the startup team. If investors (DAO token holders) of the startup are satisfied with the way the project unfolds, they approve such requests. (See other key features on Daox website).
Why Invest in Daox Based Startups?
Token's value is supported by the 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 token sales problems are solved by Daox?
For investors: scams, low motivated founders, low value of tokens, misuse of funds, frequent failures, lack of transparency, high investments risks.
For startups: highly competitive environment, complexity of technology, hacker attacks, inefficient marketing, excessive time input, etc.
Do you have an MVP?
We have a live product, and startups are using the Protocol already.
DXC — The Token for ICOs 2.0. Why is this token different?
It’s an ICO 2.0 token so its value is backed by the raised funds which remain at the discretion of the token holders.
DXC token holders can vote for the refund if they are unsatisfied with the results of Daox.
It’s the first token with a fully transparent distribution and discounts. You won’t be at a disadvantage because someone secretly got a “whale bonus”.
DXC is a functional part of the community-driven protocol which is decentralized, therefore it will live independently of Daox.
And it indeed has a strong economy (not “the payment for platform services”)!
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading Rated on Jul 13, 2018 Modified on Jul 20, 2018
5
4
3
8%
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?
Advisor | Consultant | Marketing Expert Rated on Aug 2, 2018 Modified on Aug 6, 2018
4
4
4
8%
Team ★★★★
Vision ★★★★
Product ★★★★
I like the team and is a very good thing that they have an MVP ready.
I love the DAICOs, I really think that is the future of ICO industry, but there are a lot of projects doing exactly the same.
Only one of them will be the standard, maybe a couple more get survive.
High risk investment, but very interesting.
ICO Advisor | ICO Communications Expert Rated on Jun 26, 2018
5
5
5
8%
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.
Daox is proposing an advanced open source technological solution and unified protocol that aims to fix all these problems, preserving the benefits of crypto, raising the efficiency of capital and establishing the basis for the future investment industry.
The founders and leaders of the project are recognized professionals in their fields and in the blockchain industry. The project has a strong advisory board. Blockchain technology is necessary for the project. The legal structure of the company is transparent.
Entrepreneur | Data Analyst | Investor Relationship| ICO Marketing & ICO And Blockchain Consultant & Advisor Rated on Oct 11, 2018 Modified on Oct 11, 2018
5
5
4
7%
Solid Project.. Team good with Experienced Advisory Board. KYC Done. Great Vision. Using product. wish them to get proper success.
Disclaimer: This is an independent review on the ICO and does not lead to investment advice. ICOs are risky, kindly do your own research before investment.
ICO Advisor | ICO Analyst | Blockchain Researcher Rated on Oct 21, 2018
4
3
2
7%
Whitepaper is well written, Team appears competent. Why is the soft cap showing in USD but the Hard cap is showing in DXC???. Both should be showin in USD. It makes it appear that they are trying to mask the fact that they are trying to raise $60 million. The question becomes why do you need $60 million and how do you plan to allocate it? The whitepaper does not provide a breakdown of this. Will update product rating when there is an mvp or prototype.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
ICO advisor|Crypto-asset and ICO investor| Libertarian|CEO of Block Venture Project Rated on Aug 1, 2018 Modified on Aug 1, 2018
5
4
5
7%
Team - quality experience, skills and experience in core team. Some good advisors too.
Vision - good vision, good use of blockchain and definitely a worthy project that will add to the crypto-economy by all but eliminating bad actors from the ICO market. However, we need to consider the efficiency of using a decentralised as opposed to a centralised team able to make a decision, as per the contract terms with start ups, immediately. There is the potential for abuse if bad actors own over 50% of tokens to be allocated to a project they have set up, thus meaning they can free the money for a scam project at every stage.
I like the idea of DAOs, they're difficult to censor due to their jurisdictional ambiguity, but this could lead to bigger issues in the future as regulations catch up worldwide (that's a worry for another day however). I think the only improvement that could be made here is if there was a delegated authority to act quickly when needed in this system.
Product - MVP available, user friendly and promising for the rest of project.
Good luck to the team with the implementation of this project.
Investment Manager, Pre-ICO Venture Capital Investor, ICO Advisor Rated on Jun 29, 2018
4
5
2
5%
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.
Lawyer & Director at Simon Zenios & Co LLC | Blockchain Legal Advisor | ICO | Law & Security Instructor at SGT Rated on Nov 5, 2018
4
4
4
5%
This is a platform that with the help of blockchain will help and ensure future ICO projects are fairly and successfully rated, in a way, bringing power back to ICOs. The whitepaper is rather clear about DAOX wanting to introduce a technological solution that will be trusted and of course accepted by the community. The MVP is up and running, working with a few bugs only, speed being one of them but other than that it’s likeable. Good luck with the development of this product.
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