❌ [ANN][ICO] Daox — the open Protocol for ICOs 2.0 (new topic)

[personxw]

If the source code is open, why would ICO projects use your smart contract to deploy the DAICO if they can just copy-paste the code and get rid of your dxc token?

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.

I'm not sure that it is sufficient but I'll leave it there for now.

I don't believe that the whole idea will work, as ICOs need to keep ETH locked without being able to exchange to fiat. Don't you think that the market is to volatile to have ETH as a source of financing for 1-2-3 years? For instance, I've recently read an article on TC saying that the ETH will collapse as a currency and they had pretty good rationale there.

[daox]

Project looks pretty cool, but I miss some information. 1) What exactly is the product? Some info about the product somewhere? 2) Some information about devs somewhere?

1) The product is an Ethereum based framework for deploying token sales based on the concept of decentralized autonomous organization (DAO). There is also the Daox.Network (https://daox.network) which is the interface for interacting with these token sales in a convenient way.  2) https://daox.org/#Team

[daox]

If the source code is open, why would ICO projects use your smart contract to deploy the DAICO if they can just copy-paste the code and get rid of your dxc token?

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.

I'm not sure that it is sufficient but I'll leave it there for now.

I don't believe that the whole idea will work, as ICOs need to keep ETH locked without being able to exchange to fiat. Don't you think that the market is to volatile to have ETH as a source of financing for 1-2-3 years? For instance, I've recently read an article on TC saying that the ETH will collapse as a currency and they had pretty good rationale there.

This is exactly why the protocol supports any ERC20 token, so the startup team can exchange ETH to ERC20-based stable coin or raise stable coin in the first place. We are also working on more advanced solutions related to keeping the funds safe from market fluctuations.

[Rihydtersgreen]

Project looks pretty cool, but I miss some information. 1) What exactly is the product? Some info about the product somewhere? 2) Some information about devs somewhere?

[daox]

Project looks pretty cool, but I miss some information. 1) What exactly is the product? Some info about the product somewhere? 2) Some information about devs somewhere?

1) The product is an Ethereum based framework for deploying token sales based on the concept of decentralized autonomous organization (DAO). There is also the Daox.Network (https://daox.network) which is the interface for interacting with these token sales in a convenient way.  2) https://daox.org/#Team

[daox]

Blockchain-based MMO game “The Planet” to run its entire token sale using the Daox Protocol

We are thrilled to announce the first project that is conducting its entire token sale using the Daox Protocol.

It also start with the DXC-presale stage aimed at raising 3,000,000 DXC tokens! The DXC price is pegged at 0.002ETH.

You can participate in this token sale with your DXC tokens right away: https://daox.network/planet



Know more: https://medium.com/daox/blockchain-based-mmo-game-the-planet-to-run-its-entire-token-sale-using-the-daox-protocol-b7404d9d0030

[Darrell-Hopkins]

Hello,
That's so very nice having now such a great opportunity to invest in a really strong coin ! coin of the future, no doubt! ! To the Moon ! To the Moon ! To the Moon !

[dzelenyanskiy]

I have accompanying the Daox project for a long time by participating in its bounty campaign on Twitter and I'm interested in the question - does the project team know now, on which exchange will the token be listed after the end of the ICO? Thanks in advance!

[daox]

I have accompanying the Daox project for a long time by participating in its bounty campaign on Twitter and I'm interested in the question - does the project team know now, on which exchange will the token be listed after the end of the ICO? Thanks in advance!

Although we can't comment on what exchanges are we partnering with, we can say that the DXC token is already attracting attention from various of them.  

[daox]

Can you explain about the staking a bit.Will wallet be out before the end of the ICO for the desktop or will we be able to stake on mobile devices also?

We don't require staking in anyway. Please, visit daox.org website to know more about the project.

[daox]

Hey,
After reading a bit through your website I must say that I'm pretty excited about the project. Gonna read through your whitepaper further and come back to explore more. It will be a significant project.

Thanks for the feedback!

More good news:
Blockchain-based messaging and social app Vibeo to sell part of their tokens using the Daox Protocol

https://medium.com/daox/blockchain-based-messaging-and-social-app-vibeo-to-sell-part-of-their-tokens-using-the-daox-c49a3ad1d821

[personxw]

I can see project "the planet" is raising DXC tokens which is ridiculous! I don't really get what are they going to do with these tokens and how are they planning on funding their development with dxc? its not even listied at any exchange yet.

[daox]

I can see project "the planet" is raising DXC tokens which is ridiculous! I don't really get what are they going to do with these tokens and how are they planning on funding their development with dxc? its not even listied at any exchange yet.

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.

[tape_ket1]

Daox is proposing an advanced open source technological solution and unified protocol that aims to fix all these problems, preserving the benefits of crypto, raising the efficiency of capital and establishing the basis for the future investment industry.

The founders and leaders of the project are recognized professionals in their fields and in the blockchain industry. The project has a strong advisory board. Blockchain technology is necessary for the project. The legal structure of the company is transparent.

I think it's one of perfect ICO project of 2018.

[austinjon09]

Sounds good! looking forward to learn more

Thank you! 

Also join our Telegram chat (english only): https://t.me/daoxchat

[personxw]

I can see project "the planet" is raising DXC tokens which is ridiculous! I don't really get what are they going to do with these tokens and how are they planning on funding their development with dxc? its not even listied at any exchange yet.

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.

So for the token holders this means that your DXC tokens will be dumped by the project once the token sale is finished and you can guess what will happen to the its price on exchanges.

[daox]

I can see project "the planet" is raising DXC tokens which is ridiculous! I don't really get what are they going to do with these tokens and how are they planning on funding their development with dxc? its not even listied at any exchange yet.

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.

So for the token holders this means that your DXC tokens will be dumped by the project once the token sale is finished and you can guess what will happen to the its price on exchanges.

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

[personxw]

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

Ok, might lets consider that this might work. But still I'm don't see that another token for this project is neccessary. Are there any other project going to run their sales accepting DXCs?

[daox]

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

Ok, might lets consider that this might work. But still I'm don't see that another token for this project is neccessary. Are there any other project going to run their sales accepting DXCs?

Average ICO or crowdfunding project is spending 10% of its fundraising target for marketing and other services. Since the funds in a DAO are locked, the DXC is used to get access to such services for Fundraising DAOs. On top of that, there is a variety of additional uses of DXC tokens in the Daox ecosystem.

As of the projects, we expect more and more to come in the nearest future.

[daox]

More good news for today: Uncloak, the blockchain powered cyber threat solution, will run its token sale using the Daox Protocol