In the rapidly evolving world of blockchain technology, it's crucial to recognize the platforms that aim to push the boundaries and solve real-world issues. One such platform is DxChain, launched in 2018 to develop a web3 application platform that supports smart contracts and cross-chain ecosystems. The primary goal of DxChain is to create a secure, scalable environment that tackles practical problems and empowers various sectors, including NFTs and DeFi. By providing an innovative toolkit for developers and ensuring high processing speeds through a unique technical architecture, DxChain is positioned as a significant player in the blockchain space. Let's delve deeper into what makes DxChain distinct.

What Is DxChain (DX)?

DxChain is a blockchain network designed to build a web3 application platform that supports smart contracts and cross-chain ecosystems. Beta-launched in 2018, DxChain’s main goal is to develop a secure and scalable cross-chain ecosystem and solve practical problems to empower NFT, DeFi, and other fields.

Who Are the Founders of DxChain?

Allan Zhang is one of the founding members of DxChain. He graduated in information management from Southeast University in 1999. In 2013, Zhang created Trustlook AI Cybersecurity, where he still serves as CEO. Mr. Zhang was also part of Palo Alto Networks and TELUS Security Solution as a senior vulnerability research engineer.

James Li is the other co-founder of DxChain. Li has held positions at Lucent Technologies and nCircle Network Security. In 2013, he joined Allan Zhang in his project Trustlook AI Cybersecurity, and in 2018, they started working on DxChain.

What Makes DxChain Unique?

DxChain aims to build a cross-chain ecosystem and provide a platform that allows developers to build dApps with low thresholds by providing toolkits and templates so that most users can easily apply and initiate an application.

DxChain reconstructs the technical architecture by separating built-in contracts of the system from the interface layer, consensus layer, core layer, application layer, etc., ensuring better processing speed of contracts and facilitating the flexibility of subsequent consensus upgrades.

How Many DxChain (DX) Coins Are There in Circulation?

The total DX token supply is 100,000,000,000, while the max token supply has not been announced as of March 2021.

Of the total token supply, more than 25% was dedicated to the token sale distribution. This sale event included bonuses for prominent investors. Another 3.85% of DX tokens were dedicated to phase one of the marketing campaign, with an additional 1.25% of tokens distributed during the bonus marketing phase.

Around 6.25% of the total token supply was set aside for foundational use, while team members were remunerated with a total of 5% of all DX tokens. About 43% of all minted tokens have been made available as circulating supply.

How Is the DxChain Network Secured?

DxChain relies on a DPoS consensus mechanism to secure transactions and the efficiency of on-chain activities. Unlike traditionally popular consensus mechanisms like proof-of-work (PoW), DPoS has the characteristics of democratization, low latency, and high concurrency, preventing DxChain from centralization and malicious usage by voting and election processes.

DxChain also uses the Merkle Patricia Trie (MPT) as the data structure, used to organize and manage important on-chain data. Transactions will not be recorded to prevent the generation of malicious blocks if the node data has been maliciously tampered with.

Where Can You Buy DxChain (DX)?

DX token can be traded on the following exchanges: * ProBit Exchange * Gate.io

Read more about buying crypto on CoinMarketCap blog.

Tokenomics and Distribution Model

The DxChain Token (DX) operates on a tokenomics model derived from the DxChain DPoS consensus algorithm. The distribution model involves staking DX tokens to obtain block rewards.

Token Distribution

• Total Supply: 100,000,000,000 DX
• Circulating Supply: 49,999,999,999.69 DX
• Token Sale Distribution: More than 25%
• Marketing Campaign Phase One: 3.85%
• Bonus Marketing Phase: 1.25%
• Foundational Use: 6.25%
• Team Members: 5%
• Circulating Supply: About 43%

Vesting Periods and Lock-Ups

The tokens allocated to the team, foundation, and business partners will be unlocked in a linear model over two years. This linear unlocking schedule implies a vesting period for these tokens, ensuring a gradual release into the market and potentially mitigating any sudden price fluctuations due to large token releases.

Inflation Control Mechanisms

To control inflation, DxChain Token employs a unique Proof-of-Spacetime (PoST) consensus algorithm, which rewards participants based on their storage space and time. This approach ensures a fair and efficient network operation while mitigating the risks of centralization. Additionally, staking DX tokens to obtain block rewards can also help control inflation by reducing the circulating supply of DX tokens.

The Team Behind DxChain

The DxChain Token crypto token is backed by a team with extensive experience in the fields of blockchain and cybersecurity. The co-founder and CEO of DxChain is James Li, who has worked on projects such as Lucent Technologies, nCircle Network Security, and Trustlook AI Cybersecurity. Allan Zhang, the other co-founder, is considered an expert in the blockchain field and has developed Trustlook AI Cybersecurity. He has a degree in information management and has worked on projects such as Palo Alto Networks and TELUS Security Solution. The team's track record includes developing successful projects in the blockchain and cybersecurity fields, demonstrating their expertise and experience in these areas.

Notable Advisors and Partners

Notable investors in DxChain include more prominent investors compared to other similar projects. In July 2018, DxChain reached a deep strategic partnership with QuarkChain to co-build an infrastructure-level ecosystem.

Market Data

• Current Price: $0.0001
• Market Cap: $4,589,415.64
• 24h Price Change: 7.78%
• 7d Price Change: 13.34%
• 30d Price Change: 8.68%
• 24h High: $0.0001
• 24h Low: $0.0001
• All-Time High: $0.0031 (2021-03-29T03:01:03.000Z)
• All-Time Low: $0.0001 (2023-05-19T01:35:00.000Z)
• **Circulating Supply