DxChain Token Price (DX)

What Is DxChain (DX)?

DxChain is a blockchain network designed to facilitate big data processing and machine learning. Beta-launched in 2018, DxChain’s main goal is to allow its users to safely exchange big data sets and potentially benefit from improved analytics based on this data.

DX token generation is based on the value and quality of data users submit through the platform.

With decentralized data storage, DxChain offers users a secure environment to perform machine learning experiments and tests. Blockchain technology also provides increased computational power for machine learning and big data processing.

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 is a blockchain platform that allows data scientists to store and exchange large amounts of sensitive data. Because of blockchain’s inherent security and fraud prevention, DxChain is one of the most secure interfaces data scientists can use to work with, send and receive data sets.

Designed as a data trading platform, DxChain allows users to share confidential data sets without worrying that they will be leaked or distributed without their consent. Not only that, the computational bandwidth DxChain offers makes it easier for data scientists to work with the data sets they purchase through the platform. In this sense, the DxChain platform is an all-in-one data science tool that allows users to acquire and manipulate large data sets.

Finally, the founding team has made sure to completely decentralize the process so that there is no chance for a third party to get access to the data shared on the DxChain platform.

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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 utilizes several different levels of consensus compatibility. With a chain-on-chain architecture, the platform relies on a proof-of-spacetime (PoSt) consensus mechanism to secure data storage. On the other hand, the platform also employs provable data possession (PDP) to allow users to migrate data from unsecured servers to the DxChain network.

Unlike traditionally popular consensus mechanisms like proof-of-work (PoW) and proof-of-stake (PoS), DxChain relies on diversifying its security and the PoSt consensus mechanism in order to secure the cloud-computing capabilities. PoSt verifies blocks by ensuring that users are still storing the declared data on the blockchain. This consensus mechanism also allows users to verify that they have used storage space on the blockchain over an extended period of time.

Where Can You Buy DxChain (DX)?

DX token can be traded on the following exchanges:

• KuCoin
• ProBit Exchange
• Gate.io
• Bgogo

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