Daox is the ecosystem and platform for Fundraising DAOs which serve as advanced intermediaries between investors and startups. Fundraising DAO (decentralized autonomous organization) is a blockchain-based entity that implies all the best practices of venture capital, ICOs, and crowdfunding in an Ethereum-based application. They play the role of advanced intermediaries between startups and its investors providing a leap forward in the efficiency of investing and raising funds.
Daox allows for wide use of the concept of a decentralized autonomous organization (DAO) as a tool for interaction between a startup and its investors. The use of this concept makes it possible to reach a balance that the industry has always been aiming for. It might become a turning point in the history of investmentsand indeed makea middleman between ideasand capital unnecessary.
The main idea of Daox is that each startup and its investors form a separate DAO that is governed by its participants. We call this kind of organizations Fundraising DAOs.
The main tasks that Daox solves could be combined into the following four main groups:
1. Solving current major problems related to crowdfunding and ICOs.
2. Substantial increase in the popularity of crowdfunding in the society.
3. Providing conditions when the key factor for success in attracting investments is potential and quality of the project, not the ability to attract investments.
4. Implementation of the software solution that will allow to create and manage multifunctional decentralized autonomous organizations on the Ethereum blockchain.