I hope that the concepts of DAOX will find wide application in the near future, since the changes in this area are long overdue.

If you are participating in a token sale that is not being entirely conducted using the Daox Protocol, then you get a temporary token which serves for means of voting and refund (in case it was activated). Each project will exchange such tokens to the original ones, however you should take into account that you will also transfer your voting rights with your temporary tokens. This is to ensure that users won't be able to get a refund and the original tokens at the same time. If this doesn't seem crystal clear then you might want to contact our 24/7 support in Telegram before you proceed with the purchase.

You can go to the official website of the project that you are going to invest in and compare the terms. We suggest having the same token sale terms for all projects on the Daox Network, however we don't have any rules regarding this.

No, they won't be selling DXC tokens, as these tokens could either be used to get access to different token sale related services on the Daox Network, or to be partially withdrawn but only after all the ETH funds are spent. So, the outcome is that DXC tokens will be held in a DAO instead of being sold off on exchanges.

Know more about other benefits and uses of DXC here: https://daox.org/#Token

First of all, thanks for following our updates!

We work closely with first projects that conduct their token sales using the Daox Protocol as it is in our interest to help them succeed. As you may know Daox is not only the solution for token sales, but also an ecosystem of crypto-related services (such as KYC services, bounty, ratings, marketing, etc.). So, on the one hand the DXC token is used to get access to such services, on the other hand the project is getting attention from the Daox community. They will definitely run their main sale stage with ETH accepted, and they will fund the development with the funds raised at this stage, while part of DXC tokens will be used for promotional and other service purposes.

By the way, you can always see how the process is going and how the funds are being spent as Daox Protocol makes it completely transparent.

There are several major reasons why it is better to have a genuine DAO, instead of copy-pasting the source code.

First of all, its free and there is no commission charged. We clearly understand that this solution has to be widely accessible to everyone, in order to become widely adopted. Secondly, token sale participants should only trust the genuine code, as this is the only way for them to make sure that they get what is proposed by the protocol. Thirdly, there is no need to get rid of the DXC token. DXC token is there to help get access to trusted ICO-related services at a discounted price and to connect third-party modules directly to the DAOs, created using the protocol. However, if they don't like to raise DXC tokens or to deposit them, they don't have to.

On top of that, each project that run the entire token sale using the Daox Protocol might be featured on the Daox.Network and across the whole Daox community. We are also working on the service that would be kind of Etherscan for Daox-based token sales.

The bottomline is that there are only positive effects of running the token sale using the genuine Daox smart-contracts.

Have you ever thought that founders could spend somewhere about 30% of all the raised funds for the promotion of their ICO? And that VCs are easily getting discounts up to 70%?