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DxChain ICO Overview
The DxChain ICO and DX badge auction are adopting funds against a decentralized belvedere for big data, powered by a compute-centric blockchain protocol. Through a purpose-built, multi-chain architecture, DxChain provides a absolute band-aid for abstracts acquisition, ciphering and storage, with an accent on aloofness and security.
The belvedere integrates apparatus of Hadoop, such as high-level accent abutment for abstracts assay and a framework for apparatus learning, accumulation accurate abstracts processing accoutrement with the allowances of blockchain.
DxChain ICO Value Proposition
DxChain proposes a decentralized belvedere for big abstracts as a band-aid to the affair of abstracts monopolization by ample enterprises. Huge volumes of abstracts and casework are currently controlled by alone a scattering of corporations. For abate entities, accessing and allegory ample abstracts sets holds astronomic abeyant but charcoal both technologically and financially prohibitive. DxChain is advised to accommodate a decentralized band-aid to this affair with a multi-chain architectonics that handles abstracts acquisition, ciphering and accumulator on a distinct network.
As allotment of the arrangement infrastructure, DxChain will absorb decentralized apparatus of Hadoop, a arch open-source account apartment for broadcast computing. A tokenized accolade apparatus for administration abstracts will action admission to beginning sources of data, accumulation appearance such as bearding administration and encryption to reinforce user aegis on the network.
DxChain envisages a countless of use cases for the platform, including a abstracts barter market, analytics account network, and foundation for the development of dApps.
DxChain incorporates a “chains-on-chain” architectonics comprised of a adept alternation and two ancillary chains; namely, the Computing Ancillary Alternation (CSC) and Data Ancillary Alternation (DSC). The CSC and DSC acquaint with the adept alternation via acute contracts. Even admitting the chains are commutual through acute affairs and microservices, anniversary ancillary alternation operates its own accord mechanism. Below is a diagram of the network.
Diagram of DxChain Network
The Master Chain serves as an Ethereum-compatible, abiding balance to almanac asset-related affairs on the network. After abstracts processing tasks are completed, transaction, accompaniment and cancellation advice is stored on the Master Chain via an accounts-based model.
The Abstracts Side Chain (DSC) facilitates the alteration and accumulator of abstracts via a decentralized p2p arrangement such as IPFS. Abstracts is burst bottomward into pieces and stored on the p2p book network, while agnate metadata and a assortment of anniversary fragment are recorded on chain. A basic argumentation band alleged the DxChain Accumulator Band sits amid the DSC and p2p broadcast accumulator to facilitate the administration of accumulator tasks, abstracts alteration and verification. The DSC utilizes a Proof of Spacetime (PoST) accord mechanism.
The Accretion Side Chain (CSC) provides an ambiance for acclimation and distributing alongside accretion tasks amid users and nodes on the network. When a user makes a ciphering request, it is broadcast through the arrangement to miners. Upon completion, the aftereffect is beatific to the CSC for verification. Analysis relies on one of two mechanisms depending on the task: analysis bold (between nodes who pale tokens) or Provable Data Ciphering (PDS). The CSC again saves a time-bound log of the assignment and results.
DX is the built-in agreement badge of DxChain, confined as a assemblage of barter for transactions, accumulator and computation. DX provides the accolade apparatus for nodes that action assets or validation casework on the network. DX will initially be appear as an ERC20 badge until barrage of the mainnet.
DxChain ICO Team
The DxChain aggregation is comprised of 12 members. Profiles of the 3 Co-founders are provided below. Complete advice on the accomplished aggregation and advising lath is accessible here.
Allan Zhang (Co-founder) has over a decade of acquaintance in cybersecurity. Allan spent the aboriginal 4 years of his career as a Software Engineer at Lucent Technology. For the afterward 8 years, Allan served as a Senior Security and Vulnerability Research Engineer with nCircle, TELUS, and Palo Alto Networks, afore affective on to begin his own startup. In 2013, Allan accustomed Trustlook AI Cybersecurity, ablution a band of malware blackmail aegis articles for adaptable and IoT devices. He has served as the CEO of Trustlook for the accomplished 5 years.
Wei Wang (Co-founder and Chief Scientist) is the above Principal Scientist for Blockchain Database Research at AT&T, area he spent 1.5 years focused on affiliation of aloofness attention ciphering and abysmal acquirements with blockchain. Prior to abutting AT&T, Wei Wang spent 2 years as the Principal Scientist of Big Abstracts and Parallel Computing at Hortonworks, architecture and designing a big abstracts belvedere based on Hadoop. Wei Wang has an added 2 years of acquaintance as a Abstracts Scientist with Apixio and is a certified Apache Hadoop 2.0 Developer. He holds an MS from Columbia University.
James Li (Co-Founder) spent over a year as the Manager of the Adaptable Department at Trustlook afore abutting DxChain abounding time. He has over 12 years of acquaintance at nCircle Network Security as a Principal Security Engineer. Prior to that, James spent 5 years as a Senior Software Developer at Lucent Technologies.
On the advising end, DxChain is accepting abutment from acclimatized blockchain admiral Kevin Hsu, Founder of BlockVC, and Leo Wang, Founding Partner of PreAngel.
DxChain ICO Strengths and Opportunities
DxChain afresh debuted a audience of their Alpha MVP, alleged Rocky Mountains, which can be beheld here. As an antecedent MVP audience of DxChain, Rocky Mountains demonstrates accumulator and retrieval of files on a 5 bulge network. The audience additionally introduces the mining and accumulator functionality of nodes, and the acknowledged upload and download of a analysis file.
With a testnet absolution appointed for Q3 2018 and mainnet in Q1 2019, the admission of the Alpha MVP afore the accessible auction provides an important adumbration of the team’s adeptness to chase through on their commitments.
The aboriginal action affiliation that will advantage DxChain is with Trustlook, Allan Zhang’s own company. Founded in 2013, Trustlook produces AI-based cybersecurity articles to assure adjoin malware. Action users of Trustlook articles accommodate Huawei, Oppo and Qualcomm. The affiliation is cogent in that Trustlook provides the congenital virus browse agent for Huawei adaptable phones currently in use on hundreds of millions of devices. A brief glance at Google Play shows above the congenital agent on Huawei devices, Trustlook’s adaptable aegis app has 10 actor installs.
To analysis the artefact in a absolute use case scenario, DxChain plan to barrage a dApp via Trustlook advantageous users for administration behavioral data, which will in about-face be analyzed and activated by accomplice companies. The affiliation with Trustlook provides a approach to accumulate accretion of users via an existing, acknowledged product- a acute aspect best aggressive projects lack.
DxChain has additionally established a affiliation with QuarkChain. DxChain plan to accommodate abstracts ciphering and accumulator functions to QuarkChain. In turn, QuarkChain will abetment with convalescent the achievement of the abstracts and ciphering chains on the DxChain arrangement through sharding. The two projects additionally plan to coact on architecture a aggregate ecosystem of ally and users.
Contribution from the QuarkChain aggregation against development of DxChain represents addition absolute indicator for the tech progress, as the high-throughput accommodation of QuarkChain has already been auspiciously approved and apart verified.
DxChain ICO Weaknesses and Threats
With three abstracted amount functions congenital into one platform, DxChain faces antagonism in the transaction, broadcast accretion and abstracts accumulator markets. The broadcast accretion amplitude is abounding with contenders such as Golem, iExec, and Sonm.
Decentralized book accumulator presents a agnate situation; Filecoin, Storj and Arweave represent aloof a few of the abounding players allusive for ascendancy in the space.
In the agreement realm, the affiliation with QuarkChain is awful strategic, as DxChain will account from the success of a activity that would contrarily accomplish for added competition.
While the activity is up adjoin some of the better players in the decentralized accretion and accumulator markets, the amount hypothesis of a absolute big abstracts belvedere could prove acute to adoption. DxChain offers a abounding apartment of abstracts processing appearance that would contrarily crave the use of disparate blockchains. Leveraging this agency against the ambition of user acceptance will be basic for the abiding success of the project.
Targeting acceptance from the alone up to the enterprise, the success of the DxChain ICO will additionally await heavily on a go-to-market action involving partnerships above Co-founder Allan Zhang’s own company. Building a advancing and acceptable ecosystem from the arena up will ultimately depend on a able user abject at both the accumulation and appeal ends. We will be carefully ecology advance indicators to this aftereffect as the activity progresses.
The Verdict on the DxChain ICO
The DxChain ICO offers an all-in-one, decentralized belvedere that targets three areas area the big abstracts industry is accomplished for disruption.
The atypical concept, solid clue almanac of the aggregation and appropriate absolution of the Alpha MVP afore the accessible auction accomplish the DxChain ICO a standout project.
As a Top 10% rated ICO, we will attending to accomplish a baby bet on the DxChain ICO.
DXCHAIN ICO REVIEW SCORES
SUMMARY
The DxChain ICO is abnormal for abounding affidavit – our contempo MultiVAC review demonstrated the growing aplomb in the adeptness of blockchain tech to accomplish an appulse on an absolute business, not aloof one siloed aspect of an action – and actuality we see a agnate akin of ambition. Conceivably this will become the norm. It’s additionally abnormal because it has strong, anxious partnerships in place, AND an Alpha MVP. As accessible acquaintance of the ability of Big Data (and its misuse) grows, it represents a huge ambition – conceivably too big to absence – in which case DxChain could be in the appropriate abode at the appropriate time.
Founding Team……………………….8.5
Product…………………………………..6.6
Token Utility…………………………..9.0
Market…………………………………..8.5
Competition…………………………..5.0
Timing……………………………………8.5
Progress To Date……………………8.1
Community Support & Hype…..7.6
Price & Token Distribution……..7.8
Communication……………………..8.9
FINAL SCORE……………………….7.8
UPSIDES
DOWNSIDES
Today’s Date: 7/22/18
Project Name: DxChain
Website: https://www.dxchain.com/
White Paper: https://docsend.com/view/8w3fman
Crowdsale Hard Cap: $21.5 Million
Total Supply: 100,000,000,000
Token Distribution: 22% to investors, 48% to ecosystem, mining and community, 10% business and business partners, 10% to team, 10% to foundation
Price per Token: 1 DX = $0.0014
Maximum Market Cap (at crowdsale price): $97 Million
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
