Blockchain based startup BurnCoin will sell part of its tokens using the Daox Protocol
Cryptocurrency for Digital Asset Trading Platform
We are thrilled to announce that blockchain based startup BurnCoin will be offering participation in their token sale based on the Daox Protocol. The company is looking to raise up to $7,000,000.
About the project
BURN Coin is crypto-currency provided with currency system and digital asset trading system separated, and it is used as an exchange measure of users, digital content developers, distributors, and diffusors.
What problems are solved
Digital content distribution structure centered on platform providers
Current digital content, especially in-game content trading platform, is centered on platform provider, and this requires lot of changes in content distribution structure, profit sharing, and transaction reliability and stability.
Insufficient damage prevention
In addition, gamers are not provided with an assurance of the identity of the trader and traded item and this causes physical and mental damage. This directly affects the developers and leads to a financial loss and damage to developer’s reputation.
Distribution monopoly and economic inequality
In particular, for small and medium-sized developers who can not manage their own distribution and profit distribution structure, the transaction platform provider does not fully compensate for the revenue factors of digital contents generated in the game due to the absolute power of profit distribution. There is a case.
See project’s page on the Daox.Network for more info: https://daox.network/burncoin/overview
The Daox Protocol is a new standard for all kinds of token sales. It allows for the interaction of investors and startups via decentralized autonomous organizations.
More good news are coming! Stay tuned.