XDAC REVIEW: A DECENTRALIZED BUILT-IN PROOF OF WORK (POW) NETWORK
The business of the entire world at large is seeking to enjoy the true impact of economic growth. The global business community seeks a system that will be free from the control of agencies and third parties, a system that brings forth a lot of enterprising opportunity which happens through capital from ICOs and blockchain operations.
xDAC is coming as a decentralized platform based on a comprehensive governance tool and a built in Proof of Work incentive Mechanism, with the backing of the EOS platform.
Introducing the xDAC Platform
xDAC is a platform based on the decentralized blockchain system that allows individual or numerous users to come together with a common goal. xDAC will bring various groups of people in order to harness their talent and employ the various skills of each member to achieve the common and set goal. The digital assets and the capitals will be the property of the decentralized company. The company will be able to liaise with other interested business entities that are not part of the network. With this, xDAC is a very versatile community.
The idea behind XDAC is to come up with token distribution as well as creation of company. There will also be standards for decentralized businesses. Thus, irrespective of what you desire on the platform which can be taking advantage of the decentralized blockchain solution platform, or the resolution of dispute, or how secured a stored information will be, the XDAC platform welcome's everyone to create and manage their company without the restriction of location!
PROBLEMS XDAC IS SEEKING TO SOLVE
Most centralized business has a single failure point. Asides, when it comes to performing their global operation, there are private set of regulatory and legal issues.
With the XDAC platform, there will be a huge platform for members, teams, third parties and entrepreneurs as well as crypto enthusiast to invest in crypto. All this parties will enjoy the decentralized entity
Automated Dispute Resolution
Quite a number of traditional firms are burdened with financial issues and complex arbitration process. With xDAC however, there will be an easy resolution of dispute. This will happen vie xDAC’s ability to allow fundraising that will happen through the sales of token, automatic payrolls and payment processing of crypto.
The system will also encourage Artificial Intelligence (AI) and Bots to be part a core structure of the company. These will keep developers on their toes in creating sophisticated agent, worthy to be part of the company team.
Why Trust the xDAC Network?
Swift and automated resolution of Dispute: With xDAC, there is an arbitration system that allows any dispute between parties to be resolved. This will be done based on supplied documents of the defendant and applicant
Liability Funds to Keep Company’s Debt in Check: There will be liability funds available from parts of payments received on the platform.
Transparency: On the xDAC platform, users can transfer their ownership which is also transparent. On the platform, there are four transparent functions:
- Voting token holder’s list with their tokens
- Tokens issued with parameters
- Tokens sold or transferred
- Non – voting tokens issued
The Core xDAC Platform
The smart contract layer available to the public is xDAC platform which brings about an open implementation of major components. This does not only bring about a platform, but a government for decentralized applications (DApps) and a platform that Autonomous Agents can build on.
The platform will have its profit from levies which will serve as an incentive for the most productive xDAC according to the Proof of Work performance rating. This will help encourage productivity on the network.
The XDAC Token Explained
The currency that will drive the xDAC platform is the XDAC token. Standing for wealth and value, it will serve as a means of exchange and payment in the decentralized economy. It will serve customers, employees, companies and other third parties on the system. It will also apply to dispute resolution, payment of members, distribution of profits and development of incentives.
The xDAC token are ERC 20 compliant based on the Ethereum blockchain network. The Ethereum tokens that will be shared during the ICO stage are former tokens. This will be transferred to another protocol based on the EOS platform.
xDAC ICO INFO
Token Type:Utility
Platform:EOS
Symbol:XDAC
Pre-sale:45 percent bonus
Token Sale: March 2018 – August 2018
Token Supply: 100,000,000
Tokens Available for Sale:40,000,000
Soft Cap: 1,500 ETH
Hard Cap: 35,500 ETH
Price:1 XDAC = 0.001 ETH
Payments accepted: ETH, min purchase 0.1 ETH
Barred from Participation: None specifically precluded from participation. Participants will be governed by their country legislation.
XDAC TEAM
ADVISORS
For more info visit :
✳️Mainnet https://xdac.co/
✳️Testnet https://test.xdac.net/
✳️ICO https://web.xdac.co/
✳️Whitepaper https://web.xdac.co/docs/xDAC-Whitepaper.pdf
✳️Facebook page : https://www.facebook.com/xdacco
✳️Twitter handle : https://twitter.com/xdacco
✳️Telegram group : https://t.me/xdacgroup
✳️Telegram : https://t.me/xdacco
✳️Reddit page: https://www.reddit.com/r/xDACplatform/
✳️Medium page: https://medium.com/xdac
✳️YouTube channel : https://www.youtube.com/channel/UCvn7wxit_Jt0U_2OQDMKUXg
This project has extraordinary goals and plans for the future and a very famous team that inspires confidence
Xdac would really assist businesses to grow and open them to blockchain technology, nice write up
A decentralized project with a real and direct economical impact will always be a welcome development in the global and crypto market.
I will look more into this project and hopefully invest a couple of bucks
The idea and concept of this project is anticipating and the teams has create an innovative solution through the blockchain industry and building a world class global environment.
Thanks for sharing. Xdac will no doubt expand the blockchain space with this concept as businesses owners will have a platform to meet new clients . this is really huge thanks for sharing.