xDAC - Build Your Decentralized Company | Ecency

xDAC self-governed platform for creating and managing Decentralized Autonomous Companies

As a subclass of DAO, an xDAC is a company on a decentralized network with a built-in Proof of Work (PoW) incentive mechanism, a comprehensive governance and management tools, and a support system for DApps and Autonomous Agents - all housed on top of EOS. The xDAC governance is regulated by an xDAC platform – designed as a self-sustainable decentralized ecosystem consisting of businesses motivated to reap the benefits of their success without geographical limitations.

xDAC
xDAC is a Decentralized Autonomous Company created and operated on xDAC Platform 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.

PROBLEMS 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

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.

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.

ARCHITECTURE

An xDAC ecosystem can be viewed as several distinct technological layers strategically connected together.

EOS

Among the decentralized smart contract platforms, EOS is the most advanced feeless Blockchain platform.

xDAC Platform

The public’s smart contract layer provides an open-sourced implementation of key components creating the governance for decentralized applications (DApps) and Autonomous Agents to be built upon.

xDAC Client

The xDAC client is an innovative user interface that brings together all the DApps and Autonomous Agents in one place. The initial plan is to build website and desktop applications for easier interaction with the xDAC Platform.

TOKEN SALE

xDAC token is the platform currency used for dispute resolutions, payrolls, merchant payment processing, profit distribution and development incentives.

Name - XDAC

Blockchain - Ethereum-based (ERC20) token

Token Issue Volume - 100,000,000

Token Sale Volume - 40,000,000

Soft Cap - 1,500 ETH

Hard Cap - 35,500 ETH

Token Price - 0.001 ETH

1 ETH - 1,000 XDAC

Min Purchase - 0.1 ETH/100 XDAC

Early Investors

Pre-Sale - 45% Bonus

ICO Round 1 - 20% Bonus

ICO Round 2 - 15% Bonus

ICO Round 3 - 10% Bonus

ICO Round 4 - 0% Bonus

TOKEN DISTRIBUTION & USE OF FUNDS

A token sale will distribute 40% of tokens within investors and 20% of tokens will be used to incentivize early adopters of the platform. The remaining 40% will be retained with the project team. Proceeds from a token sale will primarily be used for R&D, operational expenses and marketing.

XDAC Token Distribution

40% Token Sale (Pre-Sale and ICO)
20% Community (Token Airdrop, xDAC Team Members and Arbiters)
20% Team, Early Backers and Advisers (Vested 6 months)
20% Foundation (Vested 1 year)

Use of Funds

40% Research & Development
25% Marketing and Community Management
25% Operational
5% Legal & 5% Reserve

ROADMAP

Initially, we will focus on developing a reliable product. We project 2018 will be dedicated mostly to R&D. Starting in 2019, we will expand our efforts to marketing, development and building strategic partnerships.

Nov 2017 - Start of the project, Team Set up and Project start off

Dec 2017 - Jan 2018 - Preparation for ICO, White Paper, Market Analyzes, Landing page

Mar 2018 - Token Distribution: Airdrop, Pre-Sale Round, Launch of Airdrop campaign and pre-sale with soft cap 1,500 ETH. Smart Contract, token issuing.

Apr 2018 - Aug 2018 - Token Distribution: ICO Round & Dev, Distribution of remaining tokens. Integration identity verification, governance. Development of xDAC client - Company and Valet

Aug - Oct 2018 - Development & Testing, Development of xDAC Core functions (Voting, Ratings), Client functions (Team and Tasks)

Nov 2018 - Alpha Release & Testing, Alpha version release of xDAC Platform and xDAC Client

Jan 2019 - Beta Release & Testing, Beta version release of xDAC Platform and xDAC Client