Decentralised Accessible Content Chain Says Private Token Sale Oversubscribed within Hours

The Decentralized Accessible Content Chain (DACC) project is reporting that it has received solid backing from both institutional and individual investors for its private token sale, which was said to be oversubscribed within a matter of hours.

The private sale was scheduled to run from June 1 to 9, 2018, and had an initial target of 14,000 ETH. DACC says that within two hours of the start of the sale, it raised over 40,000 ETH or over $21 million worth of its DACC tokens. The public sale will kick off next.

The DACC platform is a decentralised Identity and Access Management (IAM) content chain that seeks to give users and content creators methods to securely initiate, store and manage access permissions to their data and intellectual property (IP). The data rights platform is said to provide tools for any type of content and enables creators to more easily manage and monetize their work.

The DACC project is said to have completed the design of its core IAM-based distributed file system as well as its original dAPP Demo development, and will be moving ahead with developing its bottom public chain.

DACC says it has significant community support as the company’s foundation partner, Sky, is the co-founder of the 3 AM community and 499 Community.


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