CSP DAO Project Review: XDAO

Published in

Investments & Partnerships

4 min readOct 10, 2022

XDAO is the first multichain DAO framework for treasury management, multisig wallet, and the platform for investment. Currently supported by over 29 blockchains, the fully customizable DAO builder serves as a unique tool for creating Decentralized Autonomous Organizations (DAOs) and jointly managing crypto assets in just a few clicks.

XDAO offers a platform where people can easily create a Decentralized Autonomous Organization, deposit crypto assets, manage them by voting, sell DAO shares and directly interact with DeFi protocols.

The first version of XDAO was created in just three months and launched in April 2021. This was done in order to better understand what exactly users want and collect as much feedback as possible. And finally, in November, the team launched XDAO V2 public beta testing on 4 blockchains: HECO, Ethereum, Polygon and BSC.

The goal was very simple — to create the best DAO framework and DAO ecosystem with improved accessibility. The functionality and ease of use makes XDAO a unique product on the market. XDAO allows people to work together, gather efforts and financial sources in order to dive into the market properly.

Furthermore, XDAO smart-contracts are proven to be well-secured. They are secured by 2 audits: Pessimistic and Hacken. During these audits, No critical, high-severity issues were found.

KEY FEATURES

Modular architecture
Hybrid voting system
XDAO connect

MAJOR ACCOMPLISHMENTS

Since inception, the project has received more than 20 awards.

Won Binance SmartChain Hackathon (April, 2021)
Won the HECO Hackathon and received 2 awards (December, 2021)
Received a grant from the Polygon team (August, 2021)
Received a grant from the NEAR Foundation (February, 2022)
Received a grant from the Optimism team
Moralis Avalanche Hackathon Prize (March, 2022)
Tron Grand Hackathon 2022 Prize (March, 2022)
Received a grant from the Moonbeam Foundation (March, 2022)
Received a grant from the Astar Network (April, 2022)

COMPETITORS ANALYSIS

TOKEN UTILITY

Subscription: To Pay for the access to additional XDAO features
Modules: To purchase DAO unique modules
XDAO Pro: As a payment for consulting service
LP Staking: To motivate tokenholders to provide DEXes with liquidity
Governance: To vote on the direction of XDAO development strategy
DEXDAO: To participate in DAO activities
Lending Protocol: For lending XDAO tokens

Additional liquidity, advisory, marketing, partnerships, future investment rounds will be allocated with lockups. Additionally, ecosystem projects support will be allocated with lockups.

ROADMAP

Q1 — Q2 2021