Oleg GaidulICO team member replied on 27 Jun 2018
About Daox
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”)!
Ratings
Tinh Tran
ICO Advisor | ICO Communications Expert
Rated on Jun 26, 2018
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.
Good luck!
+3Agree
0
-3Disagree
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Clemen Chiang
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
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?
+2Agree
-1
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Oleg GaidulICO team member replied on 20 Jul 2018
Hi Clemen,
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.
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.
Dmitry Pshenin
CBDO LATOKEN exchange| Cryptoinvestor | Advisor | Listing | Networker
Rated on Sep 11, 2018
Rated on Sep 11, 2018
5
5
5
8%
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.
I think it's one of perfect ICO project of 2018.
+3Agree
+3
Disagree
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Juan Pablo Fernandez Aguero
Advisor | Partnerships and Exchanges | Pr and Marketing Expert
Rated on Aug 2, 2018
Modified on Aug 6, 2018
Rated on Aug 2, 2018
Modified on Aug 6, 2018
4
4
4
7%
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.
+3Agree
+3
Disagree
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Shohel Alam
Entrepreneur | Data Analyst | Investor Relationship| ICO Marketing & ICO And Blockchain Consultant & Advisor
Rated on Oct 11, 2018
Modified on Oct 11, 2018
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.
+2Agree
+2
Disagree
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Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Oct 21, 2018
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.
Agree
-1
-1Disagree
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Oleg GaidulICO team member replied on 22 Oct 2018
Dear Conston, thanks for the feedback! We want you to know that the only official source of information is Daox.org website and it states the hard cap which is 20,000 ETH.
As for the MVP, our product is live: https://daox.network/
Don’t hesitate to contact Daox support team if you have any more questions.
Cheers!
As for the MVP, our product is live: https://daox.network/
Don’t hesitate to contact Daox support team if you have any more questions.
Cheers!
Paul Cliffe
ICO advisor|Crypto-asset and ICO investor| Libertarian|CEO of Block Venture Project
Rated on Aug 1, 2018
Modified on Aug 1, 2018
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.
+3Agree
+3
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Oleg GaidulICO team member replied on 2 Aug 2018
Thank you for appreciating our work and team.
As for the 51% ownership issue, there are two types of attacks, and we thought through both of them when planning the Daox Protocol core.
The first is that someone outside the project team will buy more than 50% of the tokens to be able to control the DAO. This problem is solved by having the white list of withdrawal addresses. The funds that are stored in Daox DAOs could be transferred either to the pre-defined Ethereum addresses of the team behind the startup, or to the token holders in case of the funds return. So, even if an attacker will manage to buy up 51%, the worst he could do is to keep declining all withdrawals proposed by the startup team. For that matter, there is a functionality that switches the DAO to the refund mode if no withdrawals were approved in a course of two months.
Another issue (the one that you actually mentioned) is when the startup is a fraud from the very beginning, and the team behind it owns 51% of the tokens. The Daox Protocol has three built-in features to reduce this risk by making it unprofitable to run scams. Firstly, the tokens that are distributed to the team, will not have the voting rights while they are locked-up. Secondly, each project can set the limits for withdrawals (e.g. that no more than 25% could be withdrawn in a course of a year). Thirdly, each project can change the weight of the “NO” votes for the withdrawal proposals (e.g. if the team is confident that they are doing the right and legit project, they can set an option that will decline any withdrawal that was declined by more than 20% of the tokens participating in the voting). Taking into account the large marketing budget that the scam project will need to spend, it is simply becoming unprofitable.
If the token sale is created using the genuine Daox Protocol smart contracts, potential investors could always be able to easily check all these settings and assess their risks. This, by the way, is one of the major reasons why the standard is needed instead of many different custom solutions.
As for the 51% ownership issue, there are two types of attacks, and we thought through both of them when planning the Daox Protocol core.
The first is that someone outside the project team will buy more than 50% of the tokens to be able to control the DAO. This problem is solved by having the white list of withdrawal addresses. The funds that are stored in Daox DAOs could be transferred either to the pre-defined Ethereum addresses of the team behind the startup, or to the token holders in case of the funds return. So, even if an attacker will manage to buy up 51%, the worst he could do is to keep declining all withdrawals proposed by the startup team. For that matter, there is a functionality that switches the DAO to the refund mode if no withdrawals were approved in a course of two months.
Another issue (the one that you actually mentioned) is when the startup is a fraud from the very beginning, and the team behind it owns 51% of the tokens. The Daox Protocol has three built-in features to reduce this risk by making it unprofitable to run scams. Firstly, the tokens that are distributed to the team, will not have the voting rights while they are locked-up. Secondly, each project can set the limits for withdrawals (e.g. that no more than 25% could be withdrawn in a course of a year). Thirdly, each project can change the weight of the “NO” votes for the withdrawal proposals (e.g. if the team is confident that they are doing the right and legit project, they can set an option that will decline any withdrawal that was declined by more than 20% of the tokens participating in the voting). Taking into account the large marketing budget that the scam project will need to spend, it is simply becoming unprofitable.
If the token sale is created using the genuine Daox Protocol smart contracts, potential investors could always be able to easily check all these settings and assess their risks. This, by the way, is one of the major reasons why the standard is needed instead of many different custom solutions.
George Han
ICO Advisor
Rated on Jun 23, 2018
Rated on Jun 23, 2018
5
4
3
6%
A strong team of professionals that balance experience with enterprise
Well organized campaign = clear and thorough information
Tech team looks robust and should leverage on their strengths
A good vision but there are many similar projects and the team must highlight the differentiation of the project
+2Agree
+2
Disagree
Report
Oleg GaidulICO team member replied on 7 Jul 2018
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.
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.
Yaroslav Belkin
Ex Cointelegraph and NewsBTC Media Group | Founder and CEO at Belkin Marketing
Rated on Jul 18, 2018
Rated on Jul 18, 2018
4
5
4
6%
Team is good.
Solid vision as there's a clear market for this solution and obvious value behind it.
Like the fact that our beloved technology is actually necessary and applicable here.
+3Agree
+3
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Tobias Schulz
Investment Manager, Pre-ICO Venture Capital Investor, ICO Advisor
Rated on Jun 29, 2018
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.
+1Agree
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Oleg GaidulICO team member replied on 8 Jul 2018
Hi Tobias,
Thanks for the advice.
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.
Thanks for the advice.
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.
Simon Zenios
Lawyer & Director at Simon Zenios & Co LLC | Blockchain Legal Advisor | ICO | Law & Security Instructor at SGT
Rated on Nov 5, 2018
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.
Agree
0
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Alexis Berthoud
Entrepreneur | C-level | STO Advisor
Rated on Jul 12, 2018
Modified on Jul 12, 2018
Rated on Jul 12, 2018
Modified on Jul 12, 2018
3
4
4
4%
Strong core team !
Unlimited market !
New protocol -> It s real blockchain company!
Road map and allocution seems good
Projects seems promising !
Agree
0
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Oleg GaidulICO team member replied on 16 Jul 2018
Thank you, Alexis!
Syed Muhammad Tanzeel Hayder
Financial modeller | Top ICO Advisor | Top Trader | Financial Analyst.
Rated on Sep 28, 2018
Rated on Sep 28, 2018
5
5
5
4%
Team - quality experience, skills and experience in core team. Some good advisors too.
I think it's one of perfect ICO project of 2018.
Product - MVP available, user friendly and promising for the rest of project.
+3Agree
+3
Disagree
Report
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.
Press Releases
Blog
Financial
Token info
Token
DXC
Platform
Ethereum
Type
ERC20
PreICO price
1 DXC = 0.2 USD
Price in ICO
0.2509 USD
Average price
0.00 USD
ROI
-100.00%
Bonus
| July 1—Oct 25 10 | 25% |
| October 26—November 6 | 20% |
Tokens for sale
21,000,000
Investment info
Accepting
ETH
Distributed in ICO
70%
Soft cap
3,000 ETH
Hard cap
20,000 ETH
Raised
Unknown
Associated Exchanges with DXC
Milestones
1
May 2017
Research and planning of Daox.
2
June 2017
The Daox Proof of Concept.
3
September 2017
Start of the development of the Daox Platform.
4
October 2017
Alpha version of the Daox Platform.
5
December 2017
Beta version of Daox DApp on the Ethereum blockchain.
6
March 2018
Release of the Daox Platform.
7
April 2018
Opening the Private Token Sale.
8
May 2018
Release of the Daox DApp.
9
May 2018
The first crowdfunding campaign is launched on the platform.
10
June 2018
Opening the DXC token presale.
11
July 2018
Public sale of the DXC token.
12
September 2018
Launch of the Integrated Affiliate Network.
First listings of the DXC token on exchanges.
13
October 2018
Launch of the Know Your Client service on the platform.
Launch of the Daox Open API.
14
December 2018
Launch of the Fundraising Services Network.
15
February 2019
Launch of the Automated Legal Service — an AI-powered legal assistant.
16
March 2019
Beta launch of the Daox Wallet app.
17
April 2019
Start of the yearly hackathon series.
18
September 2019
Launch of the Daox Accelerator for startups.
19
Q1 2020
Release of the Daox Wallet app.
20
Q2 2020
Release of the Daox Exchange.