Review on DXdao by Ibrahim Sunday
DXdao review, 2020
I first traded DXD/BTC on Hotbitexchange, it is a nice experience as I received about 5% gain. That was my first experience with DxDao
I discovered that it is created in 2019, by gnosis and daostack team, they wished to manage, upgrade and govern the dutchx exchange protocol which is one of its dapp suit. It also aims to keep decentralized finance free of corruption by centralized power
DXD is the DxDao token Revenue from the ecosystem are right from the DXD holders.
The DxDao dapp suit include DutCHx, Omen which ia an online prediction market platform, messa which is a frontend DEX of gnosis protocol built with open market mechanism for open finance, and the Dxswap which uses uniswap fork where DAD have to always control the trading and provider fee
DxDao is a remarkable project and it worth investing in, as for me I have some DXD tokens which I
Pros
- It is an infant project and it has an active community. This is worth investing in, and the owners acknowledged that its an infant project, work is being done constantly to improve it.
- It keep the crypto economy is decentralized, using the dao governance.
- It is working on improving its tokenomies and revenue distribution system.
- DXD is very easy to get. Just simply trade it on Hotbit.
Cons
- I see nothing wrong with it
