The Token Fund’s ICO Project Analysis: Edenchain, DAOstack
Viktor Shpakovsky | Apr 26, 2018 06:54AM ET
DAOstack (USA)
DAOstack is a universal framework for creating decentralized autonomous organizations. Decentralized and collective management of platforms in the industry of blockchain will be made possible through usage of their own smart contracts. DAOstack will be the link between various companies, applications and other platforms that operate as a decentralized autonomous organization (DAO).
Despite the fact that the Internet helps exchange information in any volumes and at any distance, it nevertheless does not have an economic mechanism for implementing and coordinating global equitable production.
DAOstack is the operating system for creating DAO. It is on this platform that thousands of developers will be united, specializing in the development of decentralized applications that involve blockchain. Thus, by together creating decentralized applications and platforms, they will be able to take a stand against monopolies and compete with corporations such as YouTube, Yelp, TripAdvisor, and so on.
Pros of the platform:
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own user interface
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networks of organizations that jointly promote an anti-competitive economy
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joint decentralized applications
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user-friendly interface for developers
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common archives, which will improve the interoperability of new applications developed on the platform;
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help in connecting the mechanism of blockchain and smart contracts to any developed decentralized application or platform.
The platform tokens are GEN. They will be used for platform functionality, promotion of its offers and other services. Also they will be paid for the work of the developers of the structure. Tokens will be distributed as rewards for investments and development, and then sold to people who want to acquire rights to a particular platform or application. This will ensure the turnover of tokens and the growth of their value. The more applications will be created on the platform, the more tokens will be put into circulation, and the more they will cost.
The public sale of tokens will begin on May 1 and end on June 7, 2018.
The hard cap of the project is $30 million. Unsold tokens will be burned. The distribution of tokens is as follows: 40% will go toward the sale (ICO), 40% of tokens remain in reserve, 10% will be a reward to the development team and 10% of tokens will go toward business development. Bonuses on the pre-list are up to 30%. The strategic bonus is 100%, with a 2-year lockout period.
Analysts at The Token Fund recommend this project to invest in. Daostack ICO is an innovative project that has no competition, with a strong team and advisors with proven expertise in the field of blockchain and entrepreneurship. A large number of crypto-investors have already displayed interest in the project, which will enable a good future for it. DAOstack is a promising project with a positive medium-term potential. The project evaluation is 9/10.
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