Review on DXdao by JB CRYPTO
Dxdao a platform led by the community
In the field of cryptocurrencies, the community that supports them plays a very important role in their growth.
However, not all platforms include their own community as protagonists of their governance.
DXdao is a technology tool independently managed by its community to power financial products based on blockchain technology.
What is the purpose of DXdao?
DXdao operates as a community organization that provides decentralized finance services. Its mission is to promote non-custodial financial solutions.
What uses does your DXD token have?
The platform uses its native DXD token to monetize the operations of exchanges and the transactions and rewards that the network deserves. The DXD token is an ERC-20 asset that is hosted on the Ethereum chain.
What technology does the network surround?
DXdao enjoys the powerful structure of Ethereum to guarantee faster and safer transactions. DXdao's compatibility has also allowed it to connect with other blockchains and become part of important crypto ecosystems.
Its collective governance contributes to reducing obstacles in consensus protocols, reducing costs and autonomy of the network.
All these characteristics contribute to the growth and maintenance of this organization in the market and to the increase in the value of its main asset.
Pros
- The platform is chaired by its community
- • It is a protocol free of intermediaries
- Creates a market for decentralized financial products
Cons
- It is traded in few markets
