DCORP is a decentralized corporation that exists on the Ethereum blockchain thanks to the use of smart contracts.
DCORP main activity is funding and managing the development of Ethereum-related projects.
Each product is owned by DCORP and profit is automatically sent (thanks to smart contracts) to the corporation and divided between developers, managers, and shareholders.
It manages both its token (DRP) – to give voice to the shareholders who can vote on proposals – and Ether to funds projects and attract talented developers and managers.
So DCORP brings business and programming talent together in a trustless environment that allows them to do their best.
In fact, this project uses the Ethereum blockchain so it is completely transparent, secure and it isn’t subjected to DDOS attacks.
Also, because of its decentralization, DCORP allows anyone to participate without any discrimination.
EASY TO USE
Using DCORP is as easy as surfing the web and managing your own Facebook account.
DCORP interface, in fact, is user-friendly and requires no knowledge of smart contracts, blockchain, or web development.
However, the source code is always available for shareholders who can review it anytime.
HOW IT WORKS
While shareholders are anyone who owns DRP tokens, the board of directors is a group of seven elected people who represent the shareholders by making decisions through a voting process with Mist.
However, Frank Bonnet, founder at DCORP, can act as a member of the board of directors.
Ideas are submitted to DCORP for debate and potential funding. These would be smart contracts based businesses that are looking for raising funds. Shareholders would discuss them in the forums of DCORP. If it has enough support, the official proposal is submitted.
Also, they will ultimately vote on whether or not DCORP chooses to support the proposal. This happens within 7 days of the proposal being made. If it is successful, the fund starts.
The voting process is a system that allows DCORP to be a democratic organization.
As votes are written on the blockchain, there is no room for corruption and, in order to delete spam, submitting a proposal is a paid service.
DCORP token – also called DRP – allows to become a shareholder and so to vote and entitle to the potential dividend.
DRP is not mined (or pre-mined) and there is no initial balance that belongs to the founders if tokens are unsold.
The token’s value is guaranteed by Ether (ETH) or the coin that runs on the Ethereum blockchain because it remains in the smart contract under the control of token holders.
The greatest amount of ETH, purchased during the pre-sale, remains in the token creation contract and it is transferred to DCORP’s contract once it is deployed and approved by token holders.
The remaining Ether will be used to fund DCORP itself.
The team is formed by several members with different specialties and expertises.
As written above, Frank Bonnet is the CEO with nine years of experience designing, building and maintaining countless enterprise .NET applications. Previously, he was the co-founder, developer, and owner of “DS Verzekeringen”, an insurance company based in the Netherlands.
Click here to read more about the DCORP team.
HOW TO BUY DRP TOKENS
The token can be traded, bought and sold on the exchanges, but only after the crowd sale ends.
During the normal crowd sale – that will last 29 days starting from June 1st – tokens can be bought with Ether through the creation contracts or with Bitcoin.
Investors were able to buy DRP in the first 24 hours – called the “Angel Day” – at a rate of 650 DRP per ETH, then the rate decreased. Right now you can buy 425 DRP per ETH (min 0.04 ether, and min 85000 gas).
While I’m writing, the project raised more than 2,511,300 EUR.
The ICO ends on June 29th, so this is your last occasion to invest in the project.