Review on XDNA by T. RivAngE

Name: XDNA
Item: XDNA
Rating: 5

January 04, 2019

It's a solid project with clear goals and a lot of work done in multiple sub…

It's a solid project with clear goals and a lot of work done in multiple sub-projects under the name XDNA.
Every block reward has a 1% dev fee and 2% charity fee. Using XDNA helps gather funds for charity, investing in XDNA helps them reach more people and bigger organisations, getting involved, voting and donating helps them direct the funds to where to community wishes.
I find their project noble and transparent.
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Their PoW phase will last 3 years (we're 5 months in already) and during this time they are focused on sharing the block rewards to as many more people as possible. Their first hashing algorithm was keccak but when ASICs/FPGAs were developed and a huge amount of the hash was produced by a single entity, they developed their own, new algorithm which they named HEX.
This is a multi-kernel algo with some important differences compared to x16r and other similar algorithms, with the goal being that even if an ASIC/FPGA miner is developed, it won't be much more effective than GPUs and therefore not worth developing such a miner.
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It's also noteworthy to mention that after the PoW phase they'll start the PoS phase.
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Pros

1) A fair launch project which is focused on help providing through multiple means. 2) A low dev premine (971,712 coins) which is obviously used for the community and not for pump & dump; for example within the first month of their launch they were being traded in Crypto-Bridge and 2.5 months after launch they were in Cryptopia. They also run a big bounty campaign, other marketing campaigns and adding to those expenses the Developers' and Community Managers' payshare, I'm sure they're putting the premine in good use. (More details about the premine distribution can be found in their site, in /premine-distribution/) 3) BitGun Sytem - The total XDNA emission during the 3 years of the Proof of Work phase is dynamic and is automatically adjusted based on the price and on the net-hash. This is great because if the price gets very low during the bear market, an algorithm will adjust the block reward in order to support the price. On the other hand, if the price increases and XDNA could become a target for a 51% attack, the block reward will be increased and more miners will join the network. 4) XDNA is a project with multiple fronts which aim to help humanity: - XDNA Research is running promotions in order to direct the support of the community to the scientific research that benefits the humanity. For example there was an event where users were rewarded for helping with disease research through Folding@Home. - XDNA Creation is helping new teams kickstart their cryptocurrency-based projects. - XDNA Foundation is a non-commercial charity cryptocurrency fund. Through this web platform (accessed through their site) people with special needs can request help and non-profit organisations can request funding. The community can then donate DIRECTLY to their wallet if they accept XDNA or if fiat is required for a specific case, the team gathers the donations, trades the coins for fiat and then sends them to the bank account of the people who opened the request. One such case already happened before the platform's site went live and everything was communicated openly and evidence was posted, so I'm happy with how they handled it. 5) The existence of 3 different levels of masternodes with different costs and rewards provides everyone a chance to get involved and run a masternode. 6) Great support team in Discord.

Cons

As with most early projects that have not "bought" hype to pump their price and then dump the premine, their market cap and liquidity are low. It will be hard to trade it and mining it is marginally profitable (depending on your power cost).