The xDAC ICO comes with a strong business focus, offering a utility token that enables company or organizational expansion in a whole new way. 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.
An xDAC is a company or other organization running on a decentralized network that has an inbuilt PoW (Proof of Work) incentive protocol, as well as comprehensive management and governance tools.
The network also encompasses a support system for DApps, essentially allowing linked yet autonomous offshoots of the parent company to arise in the same mold anywhere in the world. This means that expansion is now facilitated by the blockchain in a rapid, secure and decentralized manner.
Another difference between an xDAC company and the typical single entity hierarchy is that corporate or organizational governance is regulated by the xDAC platform. Designed as a “self-sustainable decentralized ecosystem consisting of businesses motivated to reap the benefits of their success without geographical limitations,” according to the project’s developers, xDAC is focused on business growth facilitation and management.
xDAC ICO Key Points
- Token Type:Utility
- Pre-sale:45 percent bonus
- Token Sale: March 2018 – August 2018
- Token Supply: 100,000,000
- Tokens Available for Sale:40,000,000
- Soft Cap: 1,500 ETH
- Hard Cap: 35,500 ETH
- Price:1 XDAC = 0.001 ETH
- Payments accepted: ETH, min purchase 0.1 ETH
- Barred from Participation: None specifically precluded from participation. Participants will be governed by their country legislation.
Why Is xDAC Better?
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.
What Is xDAC’s Offer?
Any xDAC ecosystem can be seen as a number of distinct technological layers that are strategically connected. Through the utility token and employment of open, smart contracts, xDAC allows for the implementation of key aspects of expansion, providing the base building blocks that enable governance for DApps and management of autonomous agents in a rapid organic setup.
Project and team management, scheduling and monitoring of tasks as well as automated payments are all faster, more fluid and more cost-effective on the xDAC platform.
How Does It Work?
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.
Who Comprises The xDAC Team?
The core xDAC team is an experienced app development collaborative, headed by Project Lead, Oskar Duris, the xDAC founder. Reporting to the Technical Lead, Joseph Halter, are Frontend Developer Sergey Anpilogov, key Blockchain Developer Dmytro Stepanenko and QA Engineer Alex Harmash. The core team also comprises the Research Lead Benjamin McDermott and Michael Marquis as the Communication Lead.
All have been extensively involved in DAPP development for innumerable clients over recent years and the team has been put together to enable correct expertise applied to core essentials of the offer, addressing clients’ needs and structured to enable legitimate future growth. In addition to the facilitation of business expansion, xDAC is also looking to establish standards for decentralized business, a key positioning play.
Where Is xDAC based?
xDAC is an American company, incorporated, resident and operational within the United States of America.
When Did xDAC Commence Operations And What Is The Timeline For The ICO?
xDAC was formed in November 2017, largely as a logical symbiosis of the core team members’ expertise and in response to modern business’ desires to escape geographical limitation. A whitepaper was published in January 2018.
The Airdrop and pre-ICO phase commenced March 2018. Distribution of tokens and the official ICO round commences April 2018 and is set to be evaluated in August 2018, where after further development and optimization will follow. Beta Testing is scheduled for January 2019.
Like any amalgamation of previously disconnected individuals, no matter their individual expertise, there is always the risk of personal issues among team members impacting rollout. That said, it appears that although the official launch of xDAC was November 2017, there has been previous collaboration among members and the core team is a coming together of like-minded parties that share the same vision.
There is a slight discrepancy noted on a consumer site, where a complaint is lodged against Oskar Duris as the owner of Opendrive.com. A Google search shows Opendrive.com on LinkedIn with a picture of the xDAC frontend developer, Sergey Anpilogov. The consumer site complaint, however, needs to be seen for what it is – unsubstantiated and a mere allegation unsupported by facts.
The xDAC platform is a well thought out offering that is capable of addressing a common desire of modern business – global expansion. Essentially enabling team and project management while shaving costs and facilitating almost any aspect of business growth, the xDAC ICO has tremendous legitimacy and potential application.
In the words of the team themselves: “The focus of an xDAC Platform is based on company creation and token distribution. It also establishes standards for decentralized businesses. Whether it’s taking full advantage of decentralized ledger technology, automated dispute resolution or security of stored information, the platform lets anyone create and manage any kind of company without the limitations of geography.”
With a potential client base of millions, xDAC is aiming at defining modern business growth’s tools and behavior.
xDAC has responded to business needs in the 21st century and epitomizes the savvy application of blockchain to the world’s affairs. With the reality of the global marketplace now entrenched, providing a carefully built and intelligent platform that enables clients’ business ambitions cannot go unnoticed.
With the token issue scheduled for January 2019 post the initial publicity and fund-raising stage, xDAC’s prospects look bright. Early uptake of the ICO comes with staggered rewards, based on first response, with early adopters being given a healthier bonus issue than those further down the line.