Daox changes the way we participate in token sales, making it safer, more efficient, and transparent. This is the ICO 2.0.

Here is the list of some of the problems that are solved for ICO investors, be it a large crypto fund or just an individual:

Scams

ICO 1.0: The easiness of launching an ICO and high level of anonymity in crypto is making a lot of space for scams.

ICO 2.0: Token holders of the project can vote for the return of the remaining funds if the project turns out to be a scam.

Low motivated founders

ICO 1.0: When the startup team receives the total amount of funding at once, their motivation decreases dramatically.

ICO 2.0: The startup team is highly motivated to succeed to keep getting financing for their project.

Value of tokens

ICO 1.0: Tokens of early-stage startups are not backed by any assets other than the team’s obligations.

ICO 2.0: Tokens are backed by the raised funds that reside in a DAO, as token holders can get a refund.

Misuse of funds

ICO 1.0: Investors can’t see the purposes of expenditures. This opens a lot of space for misuse of funds.

ICO 2.0: The startup team has to submit proposals indicating the purposes of withdrawal.

Frequent failures

ICO 1.0: Experts expect that 97% of all ICO startups will fail within the next few years. In 2018, only 1 out of 5 projects makes it to exchanges.

ICO 2.0: Due to many improvements in the way token sales are conducted, it is expected that the success ratio will be at least 4x higher.

Lack of transparency

ICO 1.0: Because of the lack of a unified standard for token sales, investors cannot verify how tokens are distributed.

ICO 2.0: With a unified standard token sale contributors can easily see how many tokens are distributed in exchange for crypto and what discounts are given.

Know more at www.daox.org