The time to tell you all about the xDAO and what made us create it, has come.
The main point of creating xDAO is that we simply want to make Decentralized Finance more accessible for people. The days of Blockchain Technologies were something very distant and frightening are over. A new era of free, simply, clear and secure financial management is dawning!
xDAO is a platform for creating and managing Decentralized Autonomous Organizations. To create your own DAO, you no longer need to understand the code or be able to write a smart contract. All you need to know is how to use the keyboard and mouse of the computer and that would be more than enough. Probably it’s hard to believe, but thanks to xDAO, it will take you less than one minute to create your own Decentralized Autonomous Organization.
xDAO allows you to create two types of organizations — Decentralized Autonomous Company (DAC) and Decentralized Autonomous Fund (DAF). The main difference between DAC and DAF is the structure of the management system. Whereas in DAC key decisions are made by the Teammates, DAF provides tokenholders with more direct-democracy mechanisms.
Tokenholders of the organization created on xDAO platform will be able to determine the process for accepting new members to their DAO, manage the organization’s finances, establish rules for the issuance and sale of governance tokens, and much more. With xDAO each organization will have the ability to manage a wallet of the most popular cryptocurrencies and to make joint decisions about their investment or distribution.
A significant advantage of our platform is the use of the Binance Smart Chain. The Binance Smart Chain because of utilization of Proof of Staked Authority (PoSA) consensus has ability to provide the lowest transaction cost (only a few cents) at the highest speed, with stability and full support of all key tokens (including BTC, ETH and all ERC-20 tokens).
Keep for our updates. We are launching soon.