BITSONIC’s Cyrpto School Part 2 — DXdao
Bitsonic’s Crypto School introduces promising overseas projects that investors may want to know about.
Part 2 begins with dxDAO.
What is DAO?
It stands for Decentralized Autonomous Organization. It is capable of automatic processes by programming the smart contracts and simultaneously has the characteristics of a fully automated business entity.
What is an automated entity?
In the past, the central management system used to make significant operations and decisions. However, an automated entity can set an agenda by the blockchain protocol developer without a centralized entity. It refers to a protocol or an organization in which opinions are automatically generated and executed.
The DAO knows the set of rules created within the protocol before all investors join the organization and even have a voting system.
The token used to do that and the means of expressing opinions are the DAO token and belong to dxDAO of the dxDAO project.
What is dxDAO?
dxDAO is a decentralized organization of developers, protocol rulers, and DeFi protocols and products, a set of protocols owned and operated by the DAO community.
There are a total of 4 DApps from the dxDAO organization. They are Mesa, Omen, DXswap, and Mix.eth.
What is the role of dxDAO?
dxDAO is a decentralized organization and simultaneously responsible for setting the operation rights and direction of those DApps.
The Meta project’s sale was once held on Mesa.eth, and in just one minute, the auction price had risen up to 10 times higher than the original sale price. That was also one of dxDAO’s DApps. That case proves that dxDAO is largely figured at IDO held by DEX, a decentralized exchange!
dxDAO token DXD information
Where to buy DXD?
Investors can buy DXD at https://dxtrust.eth.link/#/. It is sold at a higher price than Balancer / Uniswap / Gnosis(mesa) / Loopring / idex.
However, the investors can buy at a constant price according to the chart when purchasing in bulk.
Check out the dxDAO communities below for more details!
