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.
Nowadays companies are confronted with many problems like rules and regulations of each jurisdiction separately. This causes a lot of bureaucratic work for the companies and in the end they waste time and effort for stuff that don’t advance the company’s processes. xDAC wants to achieve a platform on which companies can create and manage their whole infrastructure and ecosystem and solve the problems.
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.
Because of the following basic six features-
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 token is a platform currency representing value and wealth in the decentralized economy used for exchange of values between xDAC companies, employees, customers and other third-party entities. The token will be used on the xDAC Platform for dispute resolutions, pay team members, accept payments for services, profit distribution, and incentivize development.
Token: XDAC
Platform: Ethereum
Type: ERC20
PreICO price: 1 XDAC = 0.001 ETH
Price in ICO: 1 XDAC = 0.001 ETH
Min. investment: 0.1 ETH
Accepting: ETH
Distributed in ICO: 40 %
Soft cap: 1,500 ETH
Hard cap: 35,500 ETH
The Idea behind xDAC platform seems to be very visionary. Platforms like xDAC might become the future, cause xDAC closes the gap between blockchain and usability. “Mass adoption” is the Buzzword and this is what xDAC wants to achieve. The team has to proof if they well up on leading such a business like this. You have to consider that xDAC will be a long term investment, because building up an ecosystem of multiple companies cooperating on xDAC platform will in our opinion be an effort of minimum 5 to 10 years. Advantages and disadvantages appear through its underlying protocol EOS. On one side EOS comes with very fast transactions and no transaction fees but on the other side you must consider that EOS has no working product right now and we will have to wait and see how EOS is established in the market.
If you are interested to know more about the xDAC , visit below mentioned sources. If you have any questions about the project,you can reach out them on Telegram, or Twitter with any questions.
Webiste: https://www.xdac.co/
Whitepaper: https://www.xdac.co/docs/xDAC-Whitepaper.pdf
Twitter: https://twitter.com/xdacco
Github: https://github.com/xdacco
Telegram: https://t.me/xdacco
If the article was useful for you, Please leave like and comment below. Thank you for reading.
