xDAC Blockchain, XDAC coin, Company Registration, Twitter
project that is building a platform for creating and managing
decentralized companies and participates in the creation of
decentralized sub-economy is going through major shift by switching to
own version of blockchain forked from EOS.
decision was driven by multiple factors, but most importantly to have
better control over further platform development as many governance
features need to be embedded into the core of the blockchain as well as
independence and control over transaction fees. Profit of the platform
will be distributed back to companies based on their effectiveness and
participation, therefore it is important to preserve every
revenue-generating resource to keep platform users incentivized.
ERC20 XDAC tokens will be soon swapped for the native currency of the
blockchain. We are adding support for Scatter and we are in talks with
different wallets which will support future XDAC coin. Token swap
process should start within 2 months and we will provide further details
in a separate announcement. Maximum supply will remain the same and
ERC20 XDAC tokens will be swapped for XDAC coins in 1:1 ratio.
version, which will offer company registration, is already being
developed on the new blockchain. User and product requirements were
finalized as well as architecture and now we are in the late development
stage. The testing phase coming up shortly after.
Company creation mockup
company registration is very simple and swift. It will require only
company name, domain, and initial capital. To have company fully
registered owners are required to deposit initial capital in XDAC coins
which can be later used by owners for company expenses. The minimum
amount of initial capital is 100 XDAC that represent 100% stake in the
company. Each co-founder in the company needs to match others with the
amount that equals to co-founder’s stake in the company.
Here are few examples:
The company created by single owner:
Owner sends 100 XDAC.
100 XDAC = 100% stake in the company.
The company created by 2 owners:
Owner A sends 300 XDAC.
Owner B sends 100 XDAC.
Owner A owns 75%, owner B owns 25% stake in the company.
method creates a barrier for registering fake companies and it will
also resolve possible conflicts between owners later on as stake in the
company is clearly defined at the beginning by the amount of their
participation. Furthermore, alpha version contains company public
profile which features company information including company name,
description, date of creation, rating, list of team members and other
important information which increase transparency and safety of business
soon as company creation in alpha version is stable, we will continue
with adding further modules based on our white paper and roadmap.
Twitter Account Inaccessible
many of you probably noticed, our Twitter account is currently
inaccessible. This was a result of misconfiguration in company start
date and birthday in Twitter profile. Twitter automatically suspended
account to verify we are old enough to have a Twitter account. Thousands
of accounts deal with the same problem
and responses from Twitter support are very limited. We apologize for any inconvenience and we hope it will be resolved soon.
Important Announcement for the SprintX Community New Date of phase 2 PrePre-Sale
Our priority is to our user community first, especially when it comes to running our ICO. It came to our attention earlier today that there was a vulnerability found in our Smart Contract. As a result, our Phase 2 sale which was scheduled to start today (April 23rd 2018) has been postponed until Thursday May 3rd 2018.
The following new dates for our Pre Sale and Public Sale will be as follows:
- Phase 2 Presale — Thursday May 3rd 2018 to Thursday May 17th 2018
- Public Sale — Thursday May 24th to Thursday June 21st
We believe that it is essential that we continue to adhere to a high standard of quality and security when it comes to our user community of users, investors and followers. Our goal is to be one of the most successful ICO’s out there. We have already raised $15M during our private sale and are excited about getting our Phase 2 ICO underway.
For now our priority is to ensure that our smart contract is secure and deployed so that we can kick off the next round of funding. We also believe it is imperative that we are open and transparent with you and look forward to sharing more news about the project very soon!
We thank you for your Support and continuous commitment to our team and this great project.
Good things are worth waiting for!
- The SprintX Team -