EOSDAC is a network controlled by token holders and board members who are voted to run the operation.
EOSDAC token holders will access the benefits often reserved by BPs since after all, the platform is a DAC and owned by the community. On its own, the EOS blockchain uses Delegated Proof of Stake algorithm (dPoS) where token holders vote in their preffered block producers and for their validation efforts, these BPs are compensated in EOS tokens.
EOSDAC’s vision is to be an open decentralized network for anyone to contribute and benefit from. The team behind EOSDAC will create tools and smart contracts that the EOS communities will need to run. What stands out is that EOSDAC is not an ICO and EOS coin holders would be air-dropped with EOSDAC tokens in a 1:1 ratio.
Since EOSDAC is built on Ethereum blockchain, EOS and EOSDAC tokens are ERC20-compliant tokens with 1.2 billion EOSDAC tokens in total supply and 660 million in circulation. EOS token will be available for staking when a blockchain that supports the EOS token is launched.
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