Palo Alto, California — xDAC is excited to announce the launch of its xDAC platform project — a self-sustainable decentralized ecosystem with a built-in Proof of Work (PoW) incentive mechanism, comprehensive governance and management tools, and a support system for DApps — all housed on top of EOS. The Pre-ICO Crowdsale begins on March 21st, 2018.
xDAC believes its innovative platform establishes much-needed standards for decentralized businesses. xDAC takes full advantage of decentralized ledger technology and lets anyone create and manage companies without the geographical limitations. It also paves the way for Bots and Artificial Intelligence (AI) to become part of company structure challenging developers to create internal autonomous agents that are sophisticated enough to join company teams. Simply stated, the future is bright for profit-driven decentralized companies established on an xDAC platform.
xDAC is a blockchain-powered platform that utilizes Smart Contracts, granting it a higher level of security, transparency and increasing the speed of pay-outs. Whether it’s the ability to issue voting or non-voting tokens through Smart Contract distribution channels, an automated PoW performance rating system or the creation of an established Liability Fund, xDAC allows participants to reap the benefits of their success without regulatory restrictions.
The key differentiator: xDAC platform aggregates and automates three critical components together. This allows companies complete control over their governance, finances and their workforce. As a business partner, transactions are reliable and solvent by using a transparent system of governance and dispute resolution.
The ultimate objective of the xDAC project is to provide a transparent decentralized platform for companies and their investors. Company owners can manage their team while securely storing data on a decentralized ledger. Automated governance and dispute resolution will add to the speed of business evolvement and reward systems will make companies and their teams more productive, efficient, and motivated.
According to Oskar Duris, xDAC founder and project lead, “The xDAC project has incredible potential to revolutionize the way we conduct business. It automates daily processes and protects companies and their customers while reaching their goals.”
xDAC 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.
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 teams. Proceeds from a token sale will primarily be used for R&D, operational expenses, marketing and community management.
For the remainder of 2018, xDAC will focus on developing a reliable product dedicating most of its resources to R&D. In 2019, the company plans on expanding its efforts to marketing, development, and building strategic partnerships.
For more information on xDAC and its innovative platform, here is a link to the company’s White Paper.