DAOX : fund your startup in minutes

In the year 2017, more than $6 billion was raised via an innovative fundraising approach -- initial coin offering. It quickly became clear that this method of fundraising is independent, smart and efficient. High tech teams across the globe became early adopters of this tool began to attract investments for their blockchain startups.

There are a number of issues that prevent this approach from being accessible to a vast majority. Inefficient marketing, scams, volatility of cryptocurrencies, complexity of tech, fraudulent activities are some issues of the many issues.

Every year numerous startups are registered but only a small portion of those startups actually monetize and turn into something meaningful. The reason why so many startups fail is because of unavailability of funds to continue operations and difficulty in fund raising.

DAOX PLATFORM

DAO stands for decentralized autonomous organizations. Daox platform was created to eliminate the above mentioned discrepancies in the crypto universe. Daox is a decentralized fundraising ecosystem. It takes just a few minutes to launch a funding campaign on Daox platform. The main distinction of Daox is that each project and its investors form a separate decentralized autonomous organization. All the collected funds are stored in this organization and are transferred to the project orders as tranches. Each tranch is being approved by the investors via a transparent boarding process. Each organization is completely independent from the moment of its establishment as it is entirely stored in the ethereum blockchain network.

On top of that, there are multiple tools and services in the ecosystem, for instance, the wallet app, integrated affiliate network, know your client, automated legal service and many others on their way being integrated with the Daox open API and making Daox based equities the smartest fundraising tools ever.

The main motive of Daox is to make it easy for startups to find investors. Daox will do this by creating an ecosystem where there will be less terms and conditions facilitating easy and efficient fundraising.

ICO AND TEAM

DXC is the short name of the token and facilitates all intercommunication within Daox ecosystem. DXC token holder can avail the services of Daox platform at discounted prices. The main advantage of DXC token is that it can effortlessly harmonize with services of a third party. It can be said that DXC is a utility token.

Team member of the platform are skilled and have a great deal of knowledge about functioning of market. The advisors are also brilliant. The team has put together an excellent roadmap which shows the brilliance of the minds behind the project.

CONCLUSION

The idea behind the project is innovative and commendable. Not to forget the team which is full of experienced members to execute the well planned roadmap. Daox brings to you the most innovative and planned platform for crowd funding. Daox removes all the difficulties that startups face to raise funds. Vision and mission of the project is commendable. Also, the business plan of the company looks good and promising. All of these ensure that the company will achieve some level of success. However there are some flaws. The company has no collaborations as of yet and absence of in-depth funds allowance strategy. These are not big problems but I am sure that they will resolve these issues soon. Is the project worth your time and money? Yes, the project is worth your time and money and you will smile later thinking what a wonderful decision you have made.

Website - https://daox.org/

Whitepaper - https://daox.org/daox-whitepaper-eng.pdf

ANN - https://bitcointalk.to/index.php?topic=2811642.0

Telegram - https://t.me/daoxchat

Published by dannywhelan

Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1606458