DAISY is a community-driven decentralized crowdfunding platform. Crowdfunding means using a small amount of capital from several individuals to finance a new business project. Basically, Daisy is a global community of active backers anticipating backing opportunities. Backers are people who support a project by offering money. The platform helps projects generate capital in a fully decentralized and transparent manner. According to the whitepaper, the space seeks to promote the development of various projects in its ecosystem.
Also, the Daisy protocol enables an unrestricted IDO (initial DEX offering) platform that aims to not restrict its users to any extent. An IDO is a fundraising process in which a token or coin is issued through a decentralized exchange (DEX). Moreover, Daisy aims to deliver an unmatched level of independence for projects from many blockchains. Most importantly, the protocol allows conducting an IDO on the revolutionary Daisy Launch Pad (DAISY).
There intend to be three distinctive sales rounds on this cross-chain platform. Cross-chain is the technology by which blockchains communicate and share data with each other. The three rounds, namely, the Daisy, private, and lottery-based public round, are equally important. But, out of the three, the Daisy round is unique to Daisy Launch Pad. The round offers incentives (rewards) for Daisy token holders.
The platform has a Daisy Launch Pad (DAISY) token that aims to be fair, adaptive, and welcoming to all projects. Notably, there are two initial stages to create an IDO on Daisy Launch Pad. First is the approval by the Daisy team, who conducts internal research of the project. Second is the selection process wholly based on community voting. In general, each IDO must pay a Daisy token fee to be distributed into the governing validator pool, Daisy round pool, and staking reward pool.
