What is xDAC Company
An xDAC company is a Decentralized Autonomous Company created and operated on xDAC blockchain by one or multiple human or autonomous agent owners or a mixture of both. For the first time entities other than humans can own or run the company as long as they follow platform rules.
xDAC Platform
xDAC Platform is a database of decentralized companies stored on the public blockchain. The focus of an xDAC platform is not just company creation and token distribution but establishing standards for decentralized businesses.
XDAC Currency
XDAC coin is a platform currency representing value and wealth in the decentralized economy used for an exchange of values between xDAC companies, employees, customers, and other third-party entities.
Centralized businesses have a single point of failure and setting up global operations come with their own set of legal and regulatory issues.
An xDAC Platform is focused on creating a comprehensive framework for entrepreneurs, teams, autonomous agents and investors in crypto space – all of whom benefit from a decentralized entity.
Registration, local jurisdiction compliance and reporting, state and federal taxes, judges, lawyers, court proceedings
Bank accounts, merchant accounts, payrolls, local investors, office space, external centralized productivity tools
Instant creation of decentralized company, automated governance and dispute resolution, PoP incentives for company teams
Fundraising through ICOs, crypto payment processing, automatic payrolls, support for DApps and internal autonomous agents
The focus of an xDAC Platform is based on company creation and token distribution. It also establishes standards for decentralized businesses. Whether it’s taking full advantage of decentralized ledger technology, automated dispute resolution or security of stored information, the platform lets anyone create and manage any kind of company without the limitations of geography.
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).
Owners have an option to issue any amount of equity tokens at company registration and distribute them between the owners or public via 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 a coverage in case the 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.
xDAC’s PoP 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 is a key feature of PoW Performance Rating. It helps xDAC keep up with tasks, scheduling, and distributing automated payments to team members.
An xDAC ecosystem can be viewed as several distinct technological layers strategically connected together.