Daox (DXC)

Ecosystem for Fundraising DAOs

Review Score
4.55/5
ICO Price
0.06833 USD
0.000387 ETH
Pre ICO Price
0.2 USD
Soft Cap
4,500,000 USD
Hard Cap
300,000,000 DXC
Pre ICO Start Date
20 June 2018
Pre ICO End Date
30 July 2018
Start Date
5 September 2018
End Date
10 November 2018

What is Daox?

In the year 2017, more than $6 billion were raised via an innovative fundraising approach — initial coin offering (ICO). This is incomparably more than in 2015 and 20 times higher than figures for the year 2016. The success and skyrocketing growth of this trend was due to the fact that ICO is the most convenient way of investing and raising funds nowadays.

However, its current implementation (as a crowdfunding or in other forms) has a number of challenges, such as: high investment risks; complexity of tech; expensive legal support; inefficient marketing; lack of transparency; fraudulent activity; low success ratio; volatility of cryptocurrencies; unpopularity; and scams.

These and other problems are constraining factors for the vast amount of projects and investors that could participate in a new cryptoeconomy and significantly boost it.

But can we make a solution that will make investing as safe as VC, widely accessible for everyone as an ICO, and easy-to-use for backers as it is on major crowdfunding platforms, like Kickstarter? The answer is yes and we call this solution a Fundraising DAO— a protocol that combines all the best practices of VCs, crowdfunding, and ICOs, providing a leap forward for the investment industry.

The present document thoroughly describes the concept of Fundraising DAO, as well as implementation of a number of technology products, which allow for the establishment of a new decentralized investment ecosystem— an ecosystem for Fundraising DAOs.

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