Cryptocurrency KOL reveals that the team behind xStocks is the original members of DAOStack, who previously worked on the $30 million IC0 token project

Odaily Planet Daily News: Cryptocurrency KOL @ cryptobraveHQ posted on X platform, revealing that xStocks is backed by the original zeroing project DAOStack team. According to information from Backed, an Israeli development company behind XStocks, the top three co founders in the cryptocurrency industry had previous entrepreneurial experiences with DAOStack, which has not been updated or operated since 2020. After raising about $30 million through its GEN ICO token, the team was too lazy to even go to a small office and returned to zero after issuing the coins. The DAOStack team went on to start a startup called @ xStocksFi, which was mainly driven by investors such as Coinbase. This wave of cryptocurrency narrative bets hit the wave, becoming a US stock tokenization company that collaborated with @ krakenfx, @ Bybit_official, and Infra on the Solana chain.