REVIEW OF xDAC PROJECT; DECENTRALIZED BLOCKCHAIN BASED PROOF OF WORK NETWORK (POW)

in #xdac6 years ago

BRIEF HISTORY

Ever since the innovation of blockchain technology, a massive adoption has been recorded in most industry globally which makes the blockchain technology in no doubt to be the net technological evolution.

That be said, we all are aware about the problem solving properties of the internet in this vast technological era most especially its information exchange property which is been made use by virtually every individual and firm in this age, then you will agree with me that this prompt and reliable information exchanges been offered by the internet is responsible for the massive growth in global economy, however we cannot but talk about the major setback being the absence of economic means of tracking financial transactions.

Centralization of businesses has a lot of legal challenges globally and with single point of failure due to the fact that these businesses stores their employee, partners and customers information on centralized networks also with their bank accounts under constant government monitoring thereby making business vulnerable.
Successful businesses are also being overwhelmed with higher tax payments as a result of constant monitoring by the government without usage of these ta for further development of the business. All these in no doubt leads to business failure.

The decentralization feature been offered by the blockchain technology gives room for transparency which prevents against every form of forgery.

A decentralized Autonomous Organization (DAO) gives its owners the luxury of managing their company more efficiently with utmost transparency.

INTRODUCING XDAC

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xDAC is a company created on the blockchain (xDAC blockchain) with a decentralized network that is built with a Proof of Performance incentive mechanism (PoP).
Also available on xDAC blockchain is a comprehensive governance and management tool also with a support system for DApps and Internal autonomous agents.

Highlighted below a few of the numerous benefits of xDAC platform;

  • Allows for seamless financial dispute resolution

  • Integration with bots and artificial intelligence (AI) in order to challenge developers to create sophisticated internal autonomous agents to join company teams

  • Owners enjoy the luxury of decentralized ledger technology and security of stored information.

All these advantages listed above are achievable as a result of the decentralization feature of xDAC platform.

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xDAC platform will aggregate company’s finances, governance, and respective team together and automates them in other to be of utmost benefit for both the company and their customers.

With xDAC, company owners need not worry about transparency and security of their company as xDAC will help them operate on a transparent and secured decentralized company in front of their investors.

This definitely will go a long way in speeding up the rate of business evolvement thereby serving as great motivation for company’s team.

xDAC BLOCKCHAIN

xDAC is the most advanced decentralized blockchain platform which is a fork of EOS. On EOS blockchain, tens of thousands of transactions can be performed per seconds and there are lot of developers who are allowed to use C++ with smart contracts in order to receive higher performance of native code.

ABOUT xDAC COIN

xDAC coin will be the platform currency which will represent value and wealth in the decentralized economy.

The coin shall be used on the platform for dispute resolutions, accept services payment, pay team members, distribute profits, and also development incentives.

ICO DETAILS

Platform: EOS

Symbol: XDAC

Pre-sale: 45 percent bonus

Token Sale: March 2018 – August 2018

Soft Cap: 1,500 ETH

Hard Cap: 35,500 ETH

Token Supply: 100,000,000

Tokens Available for Sale: 40,000,000

Price:1 XDAC = 0.001 ETH
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TEAM
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To learn more about this platform, kindly check the links below;

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ICO
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Whitepaper
Facebook page
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