Review on DXdao by SERDAR SEYLİYEV
The price is falling. If you can take risks I can recommend.
I have been using the project aiming to develop these Defi protocols for about 8 months, but I have stopped using the project for the last 1 month. Then I saw the DXdao project listed on the revain site and wanted to tell about my experience about this project. I hope this review will be useful for users who are new to the project. Let's talk a little bit about the project now.
As always, you should know what this project is for. Although DXdao is newer on the market, I would like to say that it is a project that has made progress towards becoming really popular and whose main goal is to run DutchX protocol. The DutchX protocol helps to increase the reputation of this project by doing its part. But first of all, I want you to know that it is a decentralized project, so don't worry about security.
I exchanged the GNO token, which is one of the DXdao project's tokens, with BTC many times and made a profit on every transaction.
This DeFi project piece has implementations currently in use. I use one of these applications, DXpay. The application does not take up much storage space and has a nice interface and easy use. However, sometimes contractions occur.
I think this is because the project is updated with new developments. The difference from other such projects is that it is managed upon users' votes and complaints. No positive or negative votes can be left unanswered, but your vote must be supported by other users.
Currently this project uses 5 types of tokens, but I hope these tokens will reach more in the coming days. These tokens operate under the name REP, DXD, OWL, GEN and GNO.
But the main reason I have been away from this project lately is that its price is very low and I'm afraid of losing money.
In general, my advice to investors is that if you can afford to take risks in terms of price, I recommend you to use one of the safest projects with the most profitable and lowest transaction fee.
Pros
- profitable and low transaction fees.
- their applications are very creative.
- We can exchange our tokens on the ERC-20 network.
- no worry about security.
- very useful and popular.
Cons
- prices are on the decline.
- There is not much sharing about the project on social networks.
- The language option seems a bit lacking.
