Quote from: personxw on September 21, 2018, 12:04:32 PM

Quote from: daox on September 21, 2018, 12:01:45 PM

Blockchain focussed marketplace for work Hiway to run its token sale using the Daox Protocol

I like that you keep up the good work despite the rock-bottom market. But you are also running a token sale of your own and how are you addressing the problem that your token will lose price when it get listed?

There are several things that we would like to mention regarding the price of the token on exchanges:

1. The DXC token is the token for the Daox Protocol and ecosystem around it. This means that it's supposed to be used to participate in other ICOs, rather than to be to be sold. You can see the main difference: If an ICO investor buys tokens of the project related to health or gas stations or whatever else, he usually has no intention to use it for its purpose. But the DXC token, is actually the product for investors. As a matter of fact, you can see that you can already use DXC token to get into other ICOs. We believe that about 70-80% of all supply will be locked in different projects in the coming months.

2. We have skipped the private sales, so there are no token holders who got them at huge discounts, and therefore there would be no tokens to sell at low price. All pre-ICO investor's tokens are locked for 1 year.

3. Each token of every DAO created using the Daox Protocol (including DXC) is representing a part of the raised funds in the sense that it could be used to get the remaining funds back in case of a startup failure. This gives a support for the price of the token on its early-stages of development.

Bottomline:
We simply can't have a short term strategy, as we will lose all the funds that we are raising. The only way for us to keep the funding is to make DXC succeed.