Nowadays crowd funding is a very effective way to raise funds for any startup. With the help of media, social network, internet crowd funding arisen as a new funding method for entrepreneurship. Here the investors are formed by the general citizens. When they support any idea of a new project or feel promising about the project, they will contribute to its realizations. In 2017 more than 6billion dollar were raised by ICO, which is actually a type of crowd funding using crypto currencies, and this is much higher than 2015 and 2016. This rising growth of this trend is because of ICO . It can be the source of capital for a startup company. But many problems arise here which can be affect in bringing new people in this crypto economy and for solving all these problems here comes DAOX.
It is a new investment ecosystem and block-chain based fundraising platform which gives a complete solution for ICOs, crowd funding also crowd investing with the use of crypto economy and allows a wide use of the concept of decentralized autonomous organization (DAO). It will change the history of investment and make a link between new concepts and capital. The key feature of DAOX is each startup and investors are connected through a separately created DAO on the block-chain. DAOX comes with some special features which are made to improve overall efficiency for the user of this ecosystem. One of them is DXC tokens that are the main means of payment in Daox ecosystem.
DXC token is the cryptocurrency for raising fund for the DAOs that enables all the interaction between the elements of the Daox ecosystem. It has the quality of being suited easily to be integrated with third party services. It is a utility coin form the legal standpoint.
Uses of DXC Token:
The main usage of DXC tokes is to enable all the interaction of the Daox ecosystem. It is also used for some other activities. Those are,
Mutual Payment system: There are users like project authors, investors and also there are service provider and additional features developer. The DXC token enables the financial interaction between the parties and it helps to build the core of the system’s sustainability.
Project promotion payment on daox.org: The Daox ecosystem provides many tools for the promotion of crowd funding campaign. For example, featuring the home page, banner advertisement, mailing lists etc. The DXC tokens are used for the payment of these advertising services that are provided bay DAOX platform.
Payment for daox.org commission: When anyone creates an organization in the Daox ecosystem, the authority doesn’t charge any fee for this and the project author gets the ethereum address for their independent organization. If the investor for their organization comes from the source of daox.org then they charge a commission at 4% of the amount of transfer. DXC tokens are used to give the payment for this commission.
Establishment of the organization: When an organization has been created in the daox.org platform, it needs to be published on the Ethereum network. For that a technical fee should be paid and the DXC tokens are used for this payment.
Technical Features of DXC Token: DXC token is ERC20 compatible. ERC20 is used for smart contacts in the Ethereum block-chain network to implement the token. It has some other additional features. Those are,
The main feature of DXC token which is enabling the interaction between the users, service providers and third party services, for this the code of the DXC implement a function that accommodate to automate the exchange of DXC tokens for access to service.
It has the features, which enable to use the DXCs as a tool for joining in DAOs, are created into Daox smart-contracts.
Legal Aspect of DXC Token: DXC tokens are not any kind of financial instrument. These are neither currency, valuable security nor the currency swap or security swap. It grants no right to manage the DAOX developer organizations or any conductive Daox company. It is just a utility token that is used to interact with the element of Daox and as a way of accessing in the Daox platform. They are not and cannot be demand as securities. They are not registered as securities in any government enterprise.
Strength of DXC tokens: There are lots of advantages of DXC tokens. The main benefits of DXC’s ownership are,
Limited Release: Releasing the DXC tokens limitedly will construct the initial way for interaction between the members of this ecosystem.
Backed by the economy of startups: DXC is used to start and hold the campaigns of raising funds for the innovative projects and promising startups which is backed by an actual economy.
Application: Many new user and service provider are connected to this platform that’s why the opportunities of its application is expanding.
ERC20 compatible: It is ERC20 compatible which means when it will be launched it can be transmitted among the Ethereum users.
Wallet App: The DXC token is attached to the DAOX wallet app which is a tool working to spread the crowd funding widely. By this app user can easily buy this token at a fair market price.
Innovative Product: The DXC token is established during the period of invention in investment sphere. It is one of the main spheres which will have a explosive growth.
So this token is made to increase more efficiency for the user of Daox ecosystem and surely it will be revolutionary.
Conclusion:
For the crowd funding and crypto economy, the most important part is its platform. And we can clearly understand that the DAOX ecosystem is the best platform for this. The team is working with modern technologies to make the crowd funding and crypto economy more popular and simple for general people. This kind of special feature makes this ecosystem more efficient to the user in this platform. So participating in this platform and exploring this new era of crypto economy will not disappoint you.
