xDAC: Decentralized Company Management

hasantpq01349 (18)in #xdax • 6 years ago

Organizations, associations and businesses particularly face huge challenges in expansion, particularly distant expansion into other countries. They need to split resources, invest time and money and still maintain their existing domestic service levels while also ideally presenting as ready-made in the new commercial arena.

xDAC allows businesses to develop, manage and govern expansion in a decentralized manner, balancing autonomy with existing CI and protocols, allowing for rapid expansion into new geographical markets.

xDAC is a blockchain based decentralized company having autonomous power to operate on the xDAC platform. The platform is created by one or more owners to pursue a common goal or objective and that is to develop an autonomous decentralized ecosystem which has an inbuilt PoW (Proof of Work) incentive protocol, as well as comprehensive management and governance tools, and a support system. Housed on top of EOS and essentially an offshoot or subclass of a DAO (decentralized autonomous organization), xDAC is a blockchain-based platform geared for emerging xDAC companies and associations.

The platform is owned by one or many individuals or by both with a collective goal of benefiting the masses by defining rules and regulations for decentralized businesses. The platform uses EOS to support decentralized applications. It also integrates self-regulatory parameters so a framework is established and business are encouraged to follow the applicable standards of a suggested framework in order to reap the associated benefits without needing to worry about jurisdictional limitations.

The platform focuses creation of a company followed by token distribution. Establishing standards for decentralized corporations, it takes full benefit of the blockchain technology by offering dispute resolution system and secured information transportation. The platform allows full freedom to anyone establish and manage a company without fulfilling jurisdictional pre-requisites.

The main elements of the platform include:

Disputes and governance management,
Issuance and distribution of tokens,
Liability funds management,
Processing of payments,
Project team management, and
Performance rating.

Unlike traditional companies who face never-ending financial roadblocks and complicated arbitration processes, xDAC, an advanced decentralized platform, allows for a seamless dispute resolution. The xDAC platform allows for fundraising through token sales, crypto payment processing, and automatic payrolls. It also paves the way for Bots and Artificial Intelligence (AI) to become part of company structure challenging developers to create internal autonomous agents that are sophisticated enough to join company teams.

xDAC eliminates the traditional constraints associated with expansion, as well as much of the expense generated by needed oversight. There is no longer the need for the typical considerations around expansion, nor the usual large tax on the company coffers in implementation, as all of the management and many of the developmental issues are now decentralized and tightly governed on the blockchain.

To earn xDAC tokens people need to contribute to the crowd sale of the ICO. People who wish to earn xDAC tokens need to pass KYC requirement. Upon successful verification of required documents, investors will be able to earn xDAC tokens. It is to be noted that, the platform allows you to get your account verified before or after buying xDAC tokens, in case the account is not verified, a refund will be made to all such investors.

Since the platform is based on ERC20 standard tokens, therefore those who wish to buy xDAC tokens must possess an ERC20 compatible e-wallet. MetaMask and MyEther wallets can be used to buy xDAC tokens. The platform requires investors to send ethereum to the platform. Investors who plan to buy xDAC tokens need to purchase ethereum from exchanges first, and then they can transfer ethereum to the platform and buy xDAC tokens in return.

Parameter of the ICO

Token Ticker: XDAC
Platform: Ethereum
Type: ERC20
Total Token Supply: 100,000,000 XDAC
Token for Sale: 40,000,000 XDAC
Acceptable currencies: ETH
Token price: 1 FXP = 0.001 ETH
Minimum investment: 0.1 ETH
Soft cap: 1,500 ETH
Hard cap: 35,500 ETH
Registration Country: USA
Website: HERE
Whitepaper: HERE