With the success of decentralised solutions and the advent of Web3, companies and economic development projects are turning to decentralised autonomous organisations (DAOs). XDAO is a platform that allows you to create your DAO in a few minutes and then evolve it with a variety of unique tools
XDAO, the easy way to create and manage your CAD
XDAO is a decentralised solution designed for the creation and development of decentralised autonomous organisations (DAOs). The cornerstone of Web3, DAOs are groups of people whose common actions are governed by immutable rules written directly into smart contracts.
If you are unfamiliar with the concept of DAOs, you can find our full explanation of them in order to better understand the challenges of these decentralised communities.
After a difficult start, notably with the infamous story of The DAO which led to the fork of the Ethereum blockchain (ETH), decentralised autonomous organisations have today imposed themselves as a reference solution for projects in the blockchain ecosystem.
There are many reasons for this, including the security they offer (multi-signature process) and the so-called governance system. Most often, this system is itself governed by a governance token. Distributed to the entities making up the network, the token makes it possible in particular to take part in voting systems to make a project evolve in a parity and unfalsifiable way.
Overview of the XDAO voting interface
Faced with this boom, solutions allowing the creation of CAD have gradually emerged like XDAO, which is now considered a reference and which collaborates with giants such as the NBB Chain, Polygon (MATIC) or Moonbeam.
Today, the tools of the XDAO platform are suitable for any entity wishing to structure itself around a secure decentralised system. This can be particularly suitable for creating a decentralised treasury system, which is now a common scenario.
This model can for example be adopted by startups, DeFi projects, GameFi guilds, owners of non-fungible tokens (NFTs), public funds or even venture capital funds.
What opportunities does XDAO offer?
As mentioned earlier, XDAO offers the possibility to create secure DAOs, and this is possible thanks to its system based on 2 tokens: governance tokens (GT) and LP tokens.
As their name suggests, governance tokens are distributed in such a way as to deliver voting power, while LP tokens allow anyone to buy shares in the DAO materialised as tokens.
Thus, GT token holders are responsible for determining the future of the DAO and must define the structure and functioning of the DAO, including managing the project’s cash flow, managing the distribution of LP tokens, accepting new members, etc.
The power of XDAO and its uniqueness lies mainly in the multitude of modules offered by the platform: launchpad, Telegram bot, vesting system for tokens, signing of documents and even distribution of dividends and salaries, among others.
Examples of XDAO modules
Currently compatible with more than 30 blockchains, XDAO allows DAOs to interact directly with a multitude of decentralised finance protocols (DeFi) such as Aave, Sushi, Beefy Finance or Uniswap, among many others.
Practical tools are also directly integrated into XDAO such as a bridge and a token swap solution. Overall, the most commonly used DeFi tools are accessible from the sidebar of the XDAO dashboard.
When creating your DAO, you will need to set a quorum to balance the voting power in your organisation. Unlike a traditional multi-signature wallet, the quorum is based on the number of GT tokens needed to validate a transaction and not on a minimum number of signatures.
Thus, by intelligently distributing the tokens, it is possible to flexibly adjust the decision-making mechanism in a group.
For example, a member of the DAO can submit a governance proposal to be voted on by the group and make the project evolve. The options relating to the proposal are completely flexible: it is notably possible to define a start and end date for the vote or to choose which token will be used for the vote (GT, LP or other).
Finally, let us recall the upcoming sale of the XDAO token on 20 October which will offer numerous advantages to its holders such as access to the XDAO PRO solution, exclusive modules for DAOs, an innovative governance solution as well as access to various unique functionalities.
Our opinion on the different tools of XDAO
Committed to working towards a decentralised future, XDAO has already set out a comprehensive roadmap, including the addition of functionality to establish joint agreements between multiple DAOs, the addition of new modules, Know Your Customer (KYC), DEXDAO, the roll-out of a mobile application and more.
In addition, XDAO has recently partnered with PARQ, an Indonesian company specialising in real estate and luxury space rental, to jointly issue a PARQ stablecoin that will allow payment for the various services offered by the company.
With a focus on international development, PARQ is now the largest community of technology hubs in Bali and offers turnkey housing solutions for people working in the digital sector. With the introduction of this stablecoin, its holders will also be able to invest in, or even buy, some of the properties offered by PARQ.
Today, DAOs represent a real revolution in the way it is possible to create, develop and above all finance an economic activity, all structured around modular and customisable solutions.
In addition to innovative and decentralised financing solutions, XDAO provides all the tools to develop a project from a technical point of view, notably with solutions to set up Initial Dex Offering (IDO) easily or with the use of a launchpad.
In addition, XDAO offers a platform designed to accelerate the development of DAOs through promotion tools, participatory financing or the implementation of public or private sales of tokens.
XDAO dashboard overview
Ultimately, XDAO is a fully customisable tool that can be used for a multitude of different purposes such as cash management, multi-signature portfolio process or as an investment platform. It should also be noted that a DAO has no minimum or maximum size, so it is a solution that can be suitable for groups of any size.
If you are a company, you can also apply for the XDAO PRO solution and explain your project objectives to XDAO, who will then provide you with a turnkey CAD with the most suitable modules and an optimal configuration according to your needs.
Finally, from October 10th, XDAO will launch a Learn-to-Earn system on its website so that visitors can learn more about XDAO while being rewarded via a quest system.
