Today we want to talk about upcoming ICO DxChain. Whitelist for this project is opened for 2 weeks. Like any other overhyped idea in the field, DxChain will run lottery on top of whitelist process. So we want to find out if DxChain is ICO that deserves your work to get in the project. Is it justified to suffer from all circles of hell?
DxChain is meant to be a big data and machine learning global space using blockchain technology.
This is not a new challenge. And there are a lot of competitors in the field.
What is really interesting about DXChain concept, that its blockchain divided on three different type of chains:
It will definitely help scalability of DxChain.
DxChain strikes useless operations of several nodes by "Verification Game" which is separate framework for every computable task that provide as much resource as needed but no excess.
DxChain also have a verification of computation's correctness tool, which is called "Provable Data Computation".
For data chain DxChain has its brand-new Proof-of-Spacetime consensus algorithm. It improves Provable Data Possession which is used for checking data on untrusted server without retrieving it. But PDP has some problems which should be solved to be adopt for decentralized world. DxChain tries to close them out with PoSt.
Thus, DxChain have some unique decisions and we like it on paper.
Team expects to launch a testnet in Q3 2018 and mainnet in Q1 2019. This is very good, no need to wait long until token will have value.
Dxchain total hardcap is $21.5M for 22% of tokens. While the share of token sale is not so big, team will have only 10% of tokens. Most of the tokens are used for ecosystem. This is fine.
Private sale will have a "waterfall" lock-up period up to 12 months. So right before listing there will be about 8% of total tokens circulating supply. Remember, Quarkchain had 3% at the start. Most likely, the DX demand will greatly exceed the supply.
Despite the fact that the DX token price will be 50% higher in USD than in private, the ETH price continues to grow and the participants of the public sale can get even more favorable conditions. Unfortunatelly price for crowdsale is not final and can be changed.
Unfortunately, we can't say much about team. They don't have links to social profiles like Linkedin. But after all team seems legit based on website information.
Just look at the picture.
DxChain https://www.dxchain.com/ is a strong looking project. With some great ideas, legit team and a lot of VCs on board. If you are interested in token sale, please proceed to DxChain bot: https://t.me/DxChainBot?start=ubbifv-ubbifv
INFORMATION CONTAINED HEREIN IS NOT AN OFFER OR SOLICITATION TO BUY, HOLD, OR SELL ANY SECURITY. ICO FANATICS IS NOT A BROKER-DEALER OR FINANCIAL ADVISER AND IS NOT AFFILIATED WITH AN INVESTMENT ADVISORY FIRM. ICO FANATICS DOES NOT ENGAGE IN ACTIVITIES THAT WOULD REQUIRE SUCH REGISTRATION.
