Review on DXdao by José A Rodríguez
DXdao: A Simple Project with a Public Proposal
DXdao is a type of blockchain for decentralized activities that started lending services in 2019. It is still new, but it has had some good integrations in the world of tokens and protocols for them. The page has been recommended by lots of users, but many still think it is simple.
The issues it has had are because researchers think it does not have innovative functionalities. Moreover, the design of the page is so outdated and very simple. There have been lots of dislikes for the design and the content provided. The network itself has little information to think of its availability.
On the other hand, this service is empowering dapps. Until now it has four main dapps available. The company believes they are scalable, and they keep working to also provide that. However, they are stills starters in the field. The company has a long path to raise before achieving a great community. There is much development required.
I know many users like the network because it is self-governed. They do not have bosses or interceptions from third-parties. This is something that simplifies the stage of investors on the page because they know what to do, and how to do it.
I think DXdao is going to have a trajectory not so easy to reach considering the competence out there.
Pros
- It has some good protocols to use the page with the interaction of Dapps. It has had some developments.
- It is available in many markets and exchanges. It is by now a global token.
Cons
- The value of the token is excessively high considering it is an altcoin little known in the market.
- The platform has received low management. The content posted on it is simple and not very informative.
- The team wants the company to be scalable enough, but they do not provide a high-quality transition for their project.
