The xDAC is an entirely new approach in effectively running a business enterprise. It is a self-regulated platform designed for creating and managing Decentralized Autonomous Companies. The focus of this unique platform is not just limited to company creation and token distribution. It also focuses on the establishment of standards for decentralized businesses. It offers a new approach that enables the expansion of companies and organizations through the means of utility tokens. It is a blockchain based platform that houses emerging xDAC companies and organizations. It is said to be designed as a “self-sustainable decentralized ecosystem consisting of businesses motivated to reap the benefits of their success without geographical limitations,”
xDAC is a subclass of Decentralized Autonomous Organization. An xDAC company is a company on a decentralized network with a built-in Proof of Work (PoW) incentive mechanism. It boasts of a comprehensive set of governance and management tools. The platform also has a support system for DApps and autonomous agents. All these is on top of the EOS. The governance is regulated by an xDAC platform. According to the developers, xDAC also focuses on business growth facilitation and management.
The xDAC offers a very fast and automated dispute resolution by providing an arbitration system for resolving disputes through the use of decentralized arbitrators. The platform ensures that the ownership in public organizations is not just transparent, but also transferable. It also provides liability funds to take care of company's debts or liabilities.
xDAC tokens are ERC-223 compatible tokens distributed on the Ethereum blockchain. The Ethereum tokens distributed in the ICO phase are pre-existing tokens. Eventually, they will be migrated to another protocol on the EOS platform. The tokens are utility tokens and it has a total supply of 100000000, though only 40000000 tokens will be made available for sale. The presale had earlier tsken place and it was sucessfull. The token sales runs from the month of March to August 2018. www.xdac.co
The project is managed by a seasoned and well experienced team headed by Oskar Duris who is the founder and project leader. He is supported by seasoned and well experienced technocrats who have been extensively involved in DAPP development. It features such prominent and well respected names among others as Joseph Halter, Sergey Anpilogov, Dmytry Stepanenko, Alex Harmash,Benjamin McDermott and Michael Marquis They are all bringing their experiences to bear on the platform. The company is incorporated and based in the United States. To take part in the tokens sales, regulatory rules of individual countries applies.
The xDAC is coming at the right time as a boost to businesses and organizations worldover. It promises to be a great project. It is a good blend of businesses with the blockchain technology. It is set to revolutionize traditional businesses. You can get more details here: www.xdac.co
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