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.
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 — 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.
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.
xDAC Platform:
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.
Platform Features
GOVERNANCE AND DISPUTES
The xDAC platform establishes digital jurisdiction over xDACs created and operated by business owners. Disputes with third parties are resolved expediently and objectively through a decentralized Dispute Representative Board (DRB).
LIABILITY FUND
An xDAC Liability Fund is coverage in case the xDAC’s debts or liabilities exceed a certain debt-to-equity ratio. It is calculated as a percentage of received payments until certain threshold is reached. This protects investors in case of xDAC default.
PROJECT AND TEAM MANAGEMENT
Project and team management is a key feature of PoW Performance Rating. It helps xDAC keep up with tasks, scheduling, and distributing automated payments to team members.
OWNERSHIP AND TOKEN ISSUANCE
Owners have option to issue a certain number of voting or non-voting tokens through a smart contract and distribute them between the owners or public via ICOs or a token sale.
PAYMENT PROCESSING
The most important part of each company is payment processing and the use of digital wallet technology. An xDAC platform will create a wallet with merchant tools for each xDAC upon the establishment of a company on the platform.
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.
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 Below.
ICO WEBSITE: https://www.xdac.co/
WHITEPAPER: https://www.xdac.co/docs/xDAC-Whitepaper.pdf