What is xDAC?
xDAC is an entity created and operated on 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 focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Decentralized company owns capital and other, primary digital, assets. It can also collaborate with other partners or businesses inside and outside of decentralized network – making it a highly versatile entity. Such a company exists as long as it is able to self-update its most basic components and continue being recognized as the same entity or until it decides to terminate its existence. xDAC companies can use an xDAC extension for better recognition in forms: Company name, “xDAC”, “Xdac” or “xdac”.
As a subclass of DAO, an xDAC is a company on a decentralized network with a built-in Proof of Performance incentive mechanism, a comprehensive set of governance and management tools, and a support system for DApps and Autonomous Agents - all housed on top of xDAC Blockchain. 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.
Link :
https://xdac.co/Why customers trust xDAC more than traditional businesses?
1. Fast and automated dispute resolution: xDAC provides arbitration system for any given dispute between two parties which allows arbitrators to resolve dispute based on documents provided by applicant and defendant very quickly.
2. 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.
3. 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.
Bounty Details
xDAC will reward review writers with 750 XDAC Tokens (~$300 value) for publishing xDAC ICO review on any website with Alexa ranking 200,000 or less.
Review needs to have at least 500 words and link to
www.xdac.co.
Submission Instructions
1. Write a review with focus on xDAC ICO
2. Link it to
www.xdac.co3. Publish it on website with large audience (Alexa Traffic Rank 200K or less)
4. Submit your name, link to article and ETH address at
www.xdac.co/airdropSubmissions may not promote the host or it's token as an investment. Any submissions which do are in violation of our terms of service and will be rejected.
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.
Token supply amount: 1,000,000,000
Token fundraising target amount: Soft cap 1,500 ETH / Hard cap 35,500 ETH
Accepted: ETH
Pre-sale: 5/15 – 5/30
ICO: 6/1 – 6/31
Price: 1 XDAC = 0.001 ETH
A new version of a DAO which they are calling an xDAC built on EOS. Not sure if proof of work is right terminology as it leads to confusion . I believe they are using a Delegated proof of stake will be interested to see how this all plays out !
