-WHAT IS xDAC?

xDAC is a 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.

-HOW xDAC OPERATES

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. 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.

xdac PLATFORM FEATURES INCLUDES:

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.

How can I purchase xdac tokens?

xdac tokens (xdac) will be available for purchase exclusively with Ether (ETH) from your ETH wallet. If you plan to participate in the xdac token sale, we recommend acquiring ETH well in advance of the sale start date to ensure your ability to contribute. Participants will complete a brief registration process that will be launching in advance of the token sale. Please follow us on Twitter and other social media (links at the bottom of the page) or sign up for our newsletter to stay up to date!

When does the public Pre-Sale start? How long is the sale open?

The token sale opens on May 15, 2018 and will close on May 30, 2018.

How can I create a crypto-wallet?

You can use recommendations from Ethereum official site ethereum.org for choosing your ETH wallet. There is no any restrictions neither special requirements to the wallets you may use for purchasing our project tokens.

What is contract address in My Account for?

We offer ETH contract address for investors. Once we receive payments to this address we need you to whitelist your account in Whitelist Address section when you're logged in. As soon as your address is whitelisted, your tokens will be transferred to your ETH address.

When will I see purchased tokens in My Account?

After you send your payment, it may take some time for the transaction to be completed and also for our internal system to be updated. Please note, that transaction confirmation time in Ethereum systems are dependent on transaction fee you specify. All purchased tokens typically are allocated to your personal account within few minutes after transaction is confirmed and your address is whitelisted. In case you don’t see any tokens allocated to your account in My Account section after standard 24-hour window, please, contact our support team directly at support@xdac.co.

When will I receive purchased tokens?

The tokens are transferred to you as soon as your address is whitelisted. Usually it takes up to one hour after your payment in ETH to contract address was completed and you submitted verification documents for whitelisting. Your balance in My Account will be updated automatically

So, what makes xDAC platform self-sustainable and reliable environment for businesses?

Autonomy & Transparency

At the end of the day, xDAC aims to manage itself in self-governance by cutting out middlemen and providing trust and transparency by using a blockchain. But does this mean xDAC plans to separate itself entirely from the laws and taxes that regulate companies? It seems unfair to the global economy and many governments and corporations are likely to see this as an attack. xDACs goal is to create consistent regulations for businesses across its platform. If rule changes are requested, the platform will be open to the proposed change and token holders will have the option to vote accordingly. The primary objective of xDAC is to ensure the protection of businesses on the platform.

Full Control Over Governance, Finances, and Team

xDAC Platform aggregates three components together in one place and automates them. This is designed to benefit both the company and their customers. Companies have full control over their governance, finances and their respective team. Business partners have confidence that companies they deal with are reliable and solvent by using a transparent system of governance and dispute resolution. An xDAC Platform is focused on creating a comprehensive framework for entrepreneurs, teams, autonomous agents or investors in crypto space. All users can benefit from decentralization.

3 Reasons to Trust xDAC More Than Traditional Businesses?

Fast and automated dispute resolution: xDAC provides arbitration system for any given dispute between two parties which allows decentralized arbitrators to resolve dispute based on documents provided by applicant and defendant very quickly.
Liability fund that can cover company’s debts or liabilities: Liability Fund is liability coverage in case of the xDAC’s debts or liabilities. It is created as percentage from received payment that is stored on separate wallet until certain limits are reached.
Transparency: Ownership in public xDAC organization is transparent and transferable. Voting token holdings are public, and owners have the right to transfer ownership to another party. There are four transparent functions of ownership built into public xDAC: (a) List all voting token holders (and their holdings) (b) Issue tokens, arbitrarily or with parameters © Sell or transfer tokens (d) Issue new non-voting tokens.
The xDAC Control Panel

xDAC will come with an intuitive control panel allowing users to seamlessly navigate content as a Web Host. Unlike most decentralized autonomous organizations, xDAC allows users to select their domain and deliver content to both the centralized and decentralized network. The best part: users owners take full advantage of a deregulated system with no local government registrations or interference.

Here are some of the key features and benefits of xDAC, according to the company’s White Paper:

Same governance across entire platform
Control over teams and finances
Easy fundraising
xDAC platform profits distributed back to xDAC’s, not to other projects
Less administrative adherence, more time to focus on business
xDAC on EOS Platform

Among the decentralized smart contract platforms, EOS is the most advanced, feeless, blockchain platform in development. XDAC’s growing developer community is in the midst of testing on top of the EOS platform, creating a vibrant ecosystem of second layer protocols and projects. EOS is a dynamic blockchain with a large contingency of developers. With the introduction of WebAssembly, developers are allowed to use C++ with smart contracts to receive higher performance of native code. C++ has already extended a number of libraries with tested and proven code available to developers. This limits the margin of error and can be used in smart contracts.

EOS is scaled to perform tens of thousands of transactions per second while other blockchains are seemingly congested with smaller projects. Nonetheless, the xDAC Platform developer team is willing to 11 adopt a hybrid solution, such as side chain settlements, should in fact network congestion on the public EOS network pose a significant problem.

The xDAC Token Explained

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. XDAC tokens are ERC-20-compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract. Ethereum tokens distributed in the ICO phase are pre-existing tokens and will be migrated to another protocol on the EOS platform.

Next Up for xDAC

Initially, xDAC will focus on developing a reliable product. They project 2018 will be dedicated mostly to R& and starting in 2019, will expand their efforts to marketing, development and building strategic partnerships. Here’s a glimpse of their projected launch timeline:

Nov 2017: Start of the project (Team Set Up and Project Launch)

Dec 2017 — Jan 2018: Preparation for ICO (White Paper, Market Analyzes, Landing Page)

Mar 2018: Token Distribution: Airdrop, Pre-ICO Round (Launch of Airdrop campaign and pre-ICO 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 i.e. 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)

Whether it’s innovative decentralized ledger technology, security of stored information, or automated dispute resolution, the future is bright for profit-driven decentralized companies established on the xDAC platform.

Please remember to visit xDAC.co for more information.