Disclaimer: This is not a paid promotion. All information and data in this segment of Trollblogger are based on my unbiased personal opinion and experience, it should not be considered professional financial advice. I will not be liable for any errors, omissions, or losses, injuries, or damages arising from this displayed content or use thereof. Take care when investing in these platforms and remember to do your due diligence. Consult a financial adviser before getting into investing heavily into an endeavor. Good luck.
Welcome to another post in the series, ‘Coin of The Day’ where any coin despite my critique of them might become the next wave in the world of blockchain innovation.
Without further ado, start up the random money cryptocurrency generator.
As you can see in the video above, the randomly selected cryptocurrency is Dix Asset.
Strangely, when I think about this cryptocurrency, this is what comes to mind:
What do you guys think? Should cups be a part of blockchain too? I have no idea where I am going with this stupid concept. Forget I even mentioned it. That aside, let’s jump into this post.
Dix Asset (DIX) is … is… (I think) a cryptocurrency that is created on Nxt blockchain, not the regular Ethereum one. It does not have any other purpose apart from this. There is very little information on this token over the internet.
This token was added to CoinMarketCap on January 12, 2017. DIX does not have anyone backing it in terms of team work and development. As a matter of fact, most of the original team members left the project in the first three months of the cryptocurrency’s existence because either they are phonies or that the members have no vision. I could do a better job of creating and keeping a strong team together.
As a result of being a token on the Nxt platform, it is not mineable.
One of few introductory videos I can find on YouTube about Dix Asset- well, not introductory but it has this guy with a weird Middle East accent who is the self-claimed YOLO world’s CEO (the only place you can purchase Dix Asset apparently):
By the way, YOLO world does not exist anymore so do not think of joining this program.
Now let’s get on to this altcoin’s features:
As mentioned earlier, there isn’t much information on this cryptocurrency so expect a short list.
- Only has a trade pairing with Nxt (IMO another scammy one).
-Circulating supply is 100 billion.
Total supply is 100 billion so basically they sold out all their tokens (and is not looking into creating any new ones).
According to mynxt.info, there are 761 wallet addresses that have and does transactions with Dix Asset.
All Time High (ATH): Whenever you observe cryptocurrencies with long history, you sometimes marveled at the US dollar to BTC value equivalent of them back then compared to what they would have cost now if they remained at the same BTC value. This truth can be said for Dix Asset with its all time high of $2.05 (0.00263094 BTC) on January 12, 2017. This pump is a regular price movement of new ICOs. First, investor buy into it at the beginning when it is very cheap and as the coin hits an exchange, he or she sells it off after accumulating more value caused by hype.
At the time of this post, 263,094 satoshis is worth $21.30. (If only the investors did not sell Dix Asset off!)
My Critique
Website and Source Code
Firstly, Wordpress? I use Blogger but I make it not that blatant on the page. At least, spend some money and get your own domain.
Secondly, it looks like a quick put-together website done by an amateur who lacks much creativity.
Thirdly, their logo reminds me of a regular visit to the clinic. I am not too comfortable with places where the sick, injured and dead are under the same roof (worse if you are in my country where the government does not fund the medical facilities). Its logo give an impression of pills and blandness although they are colorful.
Fourthly, there are no Whitepaper, Road Map, Source Code, Team or any indication of genuine effort.
Yet despite these negatives, I found the meaning behind the use of the word ‘Dix’ which is not a strong positive criticism. Dix, as I learnt from my little sister who speak a little french means ‘ten’ in that language. Ten is a psychological number because it can be seen and process better than other numbers. It is also the base we use in everyday life.
Social and Popularity
-Twitter- 74 followers. Virtually no follower participation is present but the team (or whoever is left) is still actively posting.
Facebook- their official page has a lower follower count than Twitter with 21 people. There is little engagement and the posts are regular.
Bitcointalk- There is no marketing strategy. Everyone on there are actually trolling the shit out of this coin. No one takes it seriously. They have in total 24 pages.
Reddit- 83 readers. Like the other social media, very low engagement rate. Some people swooped in and started to spam links there (one example being Dix Technology which does not have anything to do with Dix Asset).
Telegram- 123 members (my family and relatives numbered to 130. I have a big family.)
Discord- I accepted their invites although I do not want to do it. I am utterly disappointed. There is not much conversation going on this chat room. Currently, there are a dozen people who mostly post random things.
Instagram- Four followers. One post which is just their logo. It is probably a new page.
For YouTube: Their official channel is nonexistent.
As for other channels, there are few dozen videos on Dix Asset (one or two is about YOLO world). Some others included this cryptocurrency as a very undervalued investment that everyone should take advantage of. One well known YouTuber named Ryan Lopez (not related to ‘Knawl-ledge-saying' Tai Lopez).
Exchange
Dixie cups Dix Asset is still traded on only one exchange, that is:
Stock Exchange
Conclusion
Not investing in this cryptocurrency because it offers nothing. There is no team or goal. Marketing their brand is weak. Their daily volume can be influence by a single whale dumping at least a few hundred dollars on the Stock Exchange. The price has high volatility. This one might even be a scam.
Unless Dix Asset get it act together, it has little to no chance of surviving in this cryptocurrency space. My advise to you if you are a bag-holder of this particular token is to sell it immediately and do not hope for it to be the next Bitcoin.
Until next time, keep safe, take it easy and be fantastical.
