Data is new currency. Decentralization is new freedom of governance. DxChain network is raising funds for all-in-one solution of Big data handling and machine learning in decentralized way..
What are the problems that DxChain intends to solve?
Huge amount of data is generated in various industries hold great value. At present, only a few big companies are capable of controlling and analyzing such big data which hold huge potential in helping technology and business of various enterprises. There are no existing solutions in the market that provides a decentralized parallel computing environment that supports huge data & machine learning. DxChain offers all in one decentralized platform for storing data, trading data for monetization of data owners and analyzing big data for getting useful business insights. This intends to make use of data easier and more flexible. The miners are given incentives for utilization of the unused storage resources for carrying out the decentralized computation.
DxChain Architecture:
DxChain proposed a specific chains on chain structure that composed of a master chain and two elastic side chains (Computation chain and Data chain). The master chain communicates with the storage chain and computation chain via smart contracts.
Storage chain stores the data in decentralized manner by breaking the data and meta data into pieces. It uses Proof of Space & Time consensus mechanism to validate whether the storage provider really stores the file. Provable Data Possession (PDP) verifies that the data is stored in the untrusted server without retrieving it. The computation chain start computation with the help of Hadoop (Proven Data Platform) using two consensus mechanism; Verification game and Provable Data Computation(PDC).
DX Token:
The native utility token of the DxChain network is DX. DX will be unit of exchange in the network providing secure mode of payment & settlement between participants. DX acts as a fuel of DxChain network for maintaining the ecosystem by providing economic incentives to the participants.
Token Metrics:
Total Token supply — 100 billion
Tokens for sale — 22 billion (22%)
Token Type :ERC 20 (will migrate to mainnet after launch)
Hardcap — 21.5 Million (17M for private sale + 4M for public)
Token price — 0.0009$ for private & 0.0014$ for public
Lock up — Private tokens are vested for 1 year (25% upon listing and then 25% every three months)
No lock up for public tokens.
Advantage:
The MVP demo: The team demonstrated the demo of their MVP “Rocky Mountain”, which can be viewed in their website. Rocky Mountains demonstrated storage and retrieval of files n a small network. The demo also introduces the mining, storage, upload and download functionalities. Showing a decent Demo well before token sale demonstrates authenticity, confidence and capability of the team.
Timeline: Testnet is scheduled for Q3,2018 and mainnet is scheduled for Q1,2019. It has a short and ambitious roadmap.
Investors & Partners:
Following is the list of investment partners.
Also DxChain has formed a technological alliance with Quarkchain which can help improve the scalability of DxChain network through sharding.
Entrepreneurial partnership: DxChain co-founder Allan Zhang’s own company Trustlook — An AI based cyber security company. DxChain plans to launch dApp via the Trustlook which can collect customer behavioral data for incentives.
Lockups: A good balanced lock-up for private sale investors which can prevent dumping on exchanges
DxChain Network: official websites and socials handles
Website: https://www.dxchain.com/news
Twitter: https://twitter.com/DxChainNetwork
Telegram Group: https://t.me/dxchain1 ; https://t.me/dxchain
Telegram Announcement Channel: https://t.me/dxchainchannel
Medium: https://medium.com/dxchainnetwork
The whitelist is open still. You can apply through the following link
https://t.me/DxChainBot?start=va0tkm-va0tkm
Disclaimer: The author of this article is planning to invest in the project.This article is not an investment advice. Requesting to do your own research.