xDAC
xDAC is a Decentralized Autonomous Company created and operated on xDAC Platform, decentralized digital ledger, by one or multiple human or autonomous agent owners or a mixture of both that share a common purpose and unites in order to achieve specific, declared goals.
xDAC Platform
The focus of an xDAC platform is not just company creation and token distribution, but establishing standards for decentralized businesses. An xDAC platform takes full advantage of decentralized ledger technology and lets anyone create and manage company without the limitations of geography.
Problem and Solution
Centralized businesses have a single point of failure and setting up global operations come with their own set of legal and regulatory issues.
An xDAC Platform is focused on creating a comprehensive framework for entrepreneurs, teams, autonomous agents and investors in crypto space — all of whom benefit from a decentralized entity.
xDAC Platform Features
•GOVERNANCE AND DISPUTES
The xDAC platform establishes digital jurisdiction over xDACs created and operated by business owners. Disputes with third parties are resolved expediently and objectively through a decentralized Dispute Representative Board (DRB).
•OWNERSHIP AND TOKEN ISSUANCE
Owners have option to issue a certain number of voting or non-voting tokens through a smart contract and distribute them between the owners or public via ICOs or a token sale.
•PAYMENT PROCESSING
The most important part of each company is payment processing and the use of digital wallet technology. An xDAC platform will create a wallet with merchant tools for each xDAC upon the establishment of a company on the platform.
•LIABILITY FUND
An xDAC Liability Fund is coverage in case the xDAC’s debts or liabilities exceed a certain debt-to-equity ratio. It is calculated as a percentage of received payments until certain threshold is reached. This protects investors in case of xDAC default.
•PoW PERFORMANCE RATING
xDAC’s PoW mechanism allows for an automated rating system to track the effectiveness of team members and companies and distribute the platform profit by way of participation.
•PROJECT AND TEAM MANAGEMENT
Project and team management is a key feature of PoW Performance Rating. It helps xDAC keep up with tasks, scheduling, and distributing automated payments to team members.
Team
Oskar Duris
Founder/Project Lead
Joseph Halter
Technical Lead
Sergey Anpilogov
Frontend Developer
Dmytro Stepanenko
Blockchain Developer
Alex Harmash
QA Engineer
Michael Marquis
Communication Lead
Benjamin McDermott
Research Lead
Milestones
1
November, 2017
Start.
Start of the project, Team Set up and Project start off.
2
Dec 2017 — Jan 2018
Preparation for ICO.
White Paper, Market Analyzes, Landing page.
3
March, 2018
Token Distribution: Airdrop, Pre-ICO Round.
Launch of Airdrop campaign and pre-ICO with soft cap 1,500 ETH. Smart Contract, token issuing.
4
Apr 2018 — Aug 2018
Token Distribution: ICO Round & Dev.
Distribution of remaining tokens. Integration identity verification, governance. Development of xDAC client — Company and Valet.
5
Aug — Oct 2018
Development & Testing.
Development of xDAC Core functions (Voting, Ratings), Client functions (Team and Tasks).
6
November, 2018
Alpha Release & Testing.
Alpha version release of xDAC Platform and xDAC Client.
7
January, 2019
Beta Release & Testing.
Beta version release of xDAC Platform and xDAC Client.
Financial
Token info
Token : XDAC
Platform: Ethereum
Type: ERC20
PreICO price: 1 XDAC = 0.001 ETH
Price in ICO: 1 XDAC = 0.001 ETH
Bonus
Pre-ICO 45 % ICO Round 1 20 % ICO Round 2 15 % ICO Round 3 10 % ICO Round 4 0 %
Tokens for sale: 40,000,000
Investment info
Min. investment: 0.1 ETH
Accepting: ETH
Distributed in ICO: 40 %
Soft cap: 1,500 ETH
Hard cap: 35,500 ETH
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