Quote from: personxw on September 05, 2018, 09:44:05 AM

Quote from: daox on September 04, 2018, 10:11:00 PM

Quote from: personxw on September 04, 2018, 06:25:18 PM

If the source code is open, why would ICO projects use your smart contract to deploy the DAICO if they can just copy-paste the code and get rid of your dxc token?

There are several major reasons why it is better to have a genuine DAO, instead of copy-pasting the source code.

First of all, its free and there is no commission charged. We clearly understand that this solution has to be widely accessible to everyone, in order to become widely adopted. Secondly, token sale participants should only trust the genuine code, as this is the only way for them to make sure that they get what is proposed by the protocol. Thirdly, there is no need to get rid of the DXC token. DXC token is there to help get access to trusted ICO-related services at a discounted price and to connect third-party modules directly to the DAOs, created using the protocol. However, if they don't like to raise DXC tokens or to deposit them, they don't have to.

On top of that, each project that run the entire token sale using the Daox Protocol might be featured on the Daox.Network and across the whole Daox community. We are also working on the service that would be kind of Etherscan for Daox-based token sales.

The bottomline is that there are only positive effects of running the token sale using the genuine Daox smart-contracts.

I'm not sure that it is sufficient but I'll leave it there for now.

I don't believe that the whole idea will work, as ICOs need to keep ETH locked without being able to exchange to fiat. Don't you think that the market is to volatile to have ETH as a source of financing for 1-2-3 years? For instance, I've recently read an article on TC saying that the ETH will collapse as a currency and they had pretty good rationale there.

This is exactly why the protocol supports any ERC20 token, so the startup team can exchange ETH to ERC20-based stable coin or raise stable coin in the first place. We are also working on more advanced solutions related to keeping the funds safe from market fluctuations.