As a subclass of DAO, an xDAC is a company on a decentralized network with a built-in Proof of Work (PoW) incentive mechanism, comprehensive governance and management tools, and support system for DApps and Autonomous Agents - all housed on top of EOS. xDAC's governance is regulated by the xDAC platform – designed as a self-sustainable decentralized ecosystem consisting of businesses motivated to reap the benefits of their success without geographical limitations.
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|Circulating Supply||40 %|
- Pre-ICO - 45 %
- ICO Round 1 - 20 %
- ICO Round 2 - 15 %
- ICO Round 3 - 10 %
- ICO Round 4 - 0 %
xDAC 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).
OWNERSHIP AND TOKEN ISSUANCE
Owners have the 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.
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.
An xDAC Liability Fund is covering in case xDAC's debts, or liabilities exceed a certain debt-to-equity ratio. It is calculated as a percentage of received payments until a certain threshold is reached. This protects investors in case of xDAC default.
PoW PERFORMANCE RATING
xDAC’s PoW mechanism allows for an automated rating system to track the effectiveness of team members and companies and distribute the platform profit by way of participation.
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.