Review on DXdao by francis fernandez
DxDAO: driving blockchain financial services
The world of finance is dizzying and unstoppable. For this reason; we see more and more influx of financial services around us. This is even more accelerated due to the great boom that digital commerce has taken in our days.
DXDAO is a multifunctional platform that offers its users the possibility of promoting decentralized financial services and software protocols; under the safe and avant-garde technology that blockchain offers.
The platform develops and provides an open market for finance applications without intermediaries or third-party control and under the inherence of autonomous governance exercised by the community.
Token:
The DXDAO chain owns its own DXD token. It is an ERC-20 token that operates on the Ethereum network. Technology:
Because the DXD token of the DXDAO platform uses the Ethereum chain; Its technological infrastructure is based on the use of smart contracts as a mechanism to boost operations and services that are executed through the platform.
In addition, the robust Ethereum network provides its great efficiency to scale the DXDAO platform, allowing compatibility and speed in the interface of applications and decentralized financial services.
One of the important characteristics of DXDAO is the sovereign power of its community; due to this, it is constituted as a collective platform.
Among the advantages that DXDAO provides is an important asset and it is its high interoperability with other chains or protocols; this makes possible its connection with important cryptographic market platforms such as Mix-eth and DutchX, among others.
Pros
- It is a protocol that works without intermediaries
- Is governed by the community
- Serves as a boost to decentralized financial services
Cons
- Unstable value of their currency
