DxChain is a great vision of blockchain technology
What's so interesting about metrics?
Business partners: investment funds, Tzedek Law and Trustlook AI Cybersecurity
Minimum working product: available
Method for attracting investments: ICO
Softcap/Hardcap/generated about 8,000 ETH/twenty one and a half million dollars/$17,500,000
Funds: BlockVC, Fenbushi digital, Fission capital, Kosmos, Mainnet capital, SIGNUM and more
Whitepaper: 58 pages
Roadmap: by the end of 2019
Blockchain: first ETH wallet (ERC20), then our own blockchain
Mining: available
Period/discounts: during the private sale generated about $17.5 million (slightly more than 80% of the hardcap). The token price was 1 DX = 0.0009 dollars. Now whitelisted to participate in crowdsale (a whitelist will be available until July 23, 2018), KYC. The price during the public sale: 1 DX = 0.0014 dollars.
Total yield: 100 billion DX tokens
Distribution of coins: ecosystem, mining and community needs 48%; implementation 22%; for investors 10%; for team members 10%; expenses for promotion and partner enterprises 10%.
DxChain is a unique decentralized network in the world that based on the blockchain technology. Namely, it focuses on processing massive amounts of data and machine learning technology. In other words, DxChain has been working on developing a platform to solve different issues related to big data computation using a decentralized method. In fact, 2017 was a watershed year for information, as that resource became more valuable than oil. So, it is very important to control and protect your personal data using the blockchain technology. DxChain network provides two main features such as data computation and data storage. Today only big companies can afford to launch projects that are able to store and manage large amounts of data, as to achieve this, requires expensive equipment and access to customer and consumer data. For example, Google has navigation data of those who use its services, however, the users of Google Maps don’t have control over the data and cannot use it. With DxChain, the users would be able to exchange and transmit data securely to other users.
So how will DxChain work?
Let’s suppose a customer a client assigns some data task to the master chain, then it will be sent to the side chain to compute that. The target computing chain extracts data from the data chain and performs the specified calculations and tasks. Next, the computing chain records the task results to the data chain, and then reports to the master chain that the task is done.
All participating nodes in these processes will receive a reward for providing computing resources and data storage.
Methods for use of DxChain
There are many industries such as healthcare, pharmaceutical, including some research institutes that need to use patient outcomes and clinical results for medical experiments. They all use private information of patients and that could be very dangerous as the private data could be stolen, therefore there is a security problem with that data. In addition, that situation may limit the medical experiments and the users don’t have control over the data and cannot use it. Unlike others, DxChain can provide safe and private data storage, calculate and exchange patient data using the blockchain technology. Moreover, the patients can also receive compensation for the use of their data.
DxChain Owners
Allan Zhang, the cofounder who has experience in mobile security, network application protocol detection and network-based vulnerability detection assessment. The founder and CEO at Trustlook.
Wei Wang, the cofounder and Chief Scientist who has experience in various fields, including the blockchain research and development, big data, and distributed systems. Previously the principal scientist of blockchain research at AT&T and the principal scientist of big data and parallel computing at Hortonworks.
Kenny Groman, [26.07.18 19:18]
James Li, the cofounder who has experience in the blockchain systems design and architecture. Besides, he has over 10 years of working experience in the network security. Previously worked as a manager of the mobile department at Trustlook, the principal security engineer at nCircle Network Security, and a senior software developer at Lucent Technologies.
Daniel Dai, the blockchain researcher who has over 10 years’ experience in distributed systems, security and big data. Member of Apache Software Foundation.
In addition, the website also contains brief information about the members of the team, including founders who has been working in Tencent, CBN Weekly, Google, NOKIA and other big companies.
Project Advisors
Fan Zhang, a partner of OneCoin. Previously served as a Founding Partner of Sequoia Capital China.
Jan Gong, a Professor of Entrepreneurial Management Practice at CEIBS.
Leo Wang (Leo Wang), a founding partner of PreAngel.
Kevin Hsu, one of the founders of BlockVC.
Overall, it is an interesting and highly promising project. This project has already got the strong support of many venture investors and 30 investing funds. Besides, there are working on this project the best blockchain experts. So, what we need to do just to register for it, then complete the KYC review process and simply follow up the progress of the project.
Official website: https://www.dxchain.com/
My referral link: https://t.me/DxChainBot?start=vquv07-vquv07