XDAC

kitanodebunmi(36)

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#xdac

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2018-08-26 22:22

The world has really seen a lot of advancement; technology was not the way it is now 10 years ago. Take a look at the internet, people now receive real-time information about different happenings all over the world, some poeple use the internet to send and receive messages from family and friends; the internet is a major contributor to the growth of the world economy, that fact can never be disputed. The internet has made life really easy with the transfer of information which in turn has helped transform different sectors of the economy like the energy sector, healthcare sector but despite all the benefits of the internet it does not possess the means of tracking financial transactions; it can alert us of financial transactions being made but it lacks the means to track them and this brings us to the Xdac Platform, a blockchain powered platform. The introduction of the blockchain technology has solved a lot of problems with different businesses and one unique feature of the blockchain technology is that it possesses the means to successfully track financial transactions.
Most businesses in existence now have their finances controlled by third party institutions and that opens them up to various laws and jurisdictions, that is why we see different corporations and even individuals going for offshore accouts in the Cayman Islands and other locations just so they could avoid all the issues tagging different jurisdictions and I do not exactly blame them, infact I empathize with them. The use of third party financial institutions for different transactional tasks even the payment of employees means corporations are not in control of their financial transactions instead a different body is holding on to that power in their stead and this should not be so.
This is one of the problems Xdac is proposing solutions to; another problem is the attacks on cryptocurrency exchange platforms. Ever wondered why cryptocurrency exchanges keep getting hacked...these cryptocurrency exchange platforms are open to several cyber attacks due to the way they are being used by cryptocurrency owners. Most cryptocurrency owners only make use of cryptocurrency exchanges to convert their cryptocurrencies to Fiat currencies or from Fiat currencies to cryptocurrencies and this only leads to a rise in cryptocurrency volatility and hence opens up cryptocurrency exchange platforms to several hacks.

Xdac Architecture.

Xdac, according to www.xdac.co is a platform that is created and operated on decentralized digital ledger. While traditional companies keep facing issues financially and administratively, Xdac is a platform that essentially promotes seamless dispute resolution and payment processing; this is one of the reasons most people would choose Xdac over traditional businesses. Imagine having companies that lack all the problems of traditional companies; problems like frequent misunderstandings between employees, problems that can be traced to the financial standing of the company.. this is what Xdac aims to achieve by creating and managing decentralized autonomous companies and it all comes with some added perks; no third party financial institution would be needed and companies that need funds within the platform would be able to easily raise funds by distributing their tokens within the platform. Xdac is definitely the future and it's already started a revolution in the creation of start ups.

Tokensale.
Xdac tokens are based on the ERC20 token standard with a total token supply of 100,000,000 XDAC. The softcap is set at 1,500 ETH and Hardcap at 35,500 ETH.
The presale has a bonus of 45% attached to it and the ICO is in four (4) rounds;
Round 1 has a bonus of 20% attached to it.
Round 2 has a bonus of 15% attached to it.
Round 3 has a bonus of 10% attached to it and Round 4 has no bonus attached to it.

Token Distribution and Use of Funds.
40% of the total token supply is allocated to the token sale, 20% of total supply is allocated to the community, 20% is allocated to the team, early backers and advisors, 20% is for the foundation.

40% of the funds generated would be used for research and development, 25% would be used for marketing and community management, 25% for operations, 5% for legal and 5% would be set aside as reserve.

Roadmap.
Nov 2017
-Start of the project, team set up and project start.
DEC 2017-JAN 2018
-Preparation for ICO.
MAR 2018- APR 2018
-Bounties, community, private placement.
MAY 2018-AUG 2018
-Token distribution.
AUG 2018-OCT 2018
-Development and Testing.
NOV 2018
-Alpha release and testing.
JAN 2019
-Beta release and testing.

Team.