Cloud environment contains a large number of information and data for potential users. This whole information needs to be kept safe so that no one can get access to and will not use it in the wrong way. Different specific codes are generated and used to keep all the data safe. The cryptographically secured token is the most important and major component of the DxChain environment. Transactions need to be done in the DxChain ecosystem and these also need to be kept safe. These transactions can be totally secured by using codes and tokens.
The DX token can play a vital role in transactions between the users through the DxChain platform. Internet dealing and payments are always on the threat that there are too many attackers around there. The purpose of designing DX token is to provide safe and convenient payment between participants at DxChain network. DX token does not represent any of the stakeholders or participants of transactions or dealing. This will also not entitle any of the participants who have a token to any of the fee, profit or investment. DX is usually only used to enable usage and interaction with DxChain Network for keeping data secure and transactions as well.
DX can be considered as the virtual Fuel to provide incentives to participants, which helps to encourage and motivate them to participate effectively and maintain the ecosystem on DxChain Network. DX is considered as the unit of payment to pay for any type of computational resources. Computational and storage resources are vital to run many applications and to go through transactions at a larger level safely. Therefore, these resources need to be paid, as these will provide validation and verification of information and other block details.
Most of the users and participants usually invest when they find an efficient and excellent incentive in return. DX is necessary to use as this can be considered as the best incentive to provide for participants to perform well by utilizing resources and benefits the ecosystem of DxChain Network. To get incentives one must need to participate in DxChain Network actively. No incentives will be provided to participants who are not actively participating in Network effectively.
DX token is not refundable and can be only replaced with any virtual currency and not with any other amount. DX does not give any of the rights and property ownership to token holder affiliated with the foundation.
The distributor or seller of token or DX needs to be affiliated with some foundation. Distributors and affiliates do not have any rights to get any of the profit or interest out of the sale of the token. Trading and marketing of DX are done independently from the foundation, distributor, and sale of DX. None of the distributor or foundation can make the secondary market to exchange DX. Basically, the DX is not considered as any of the debt on foundation or affiliates and foundations do not have a right to own any of the profit.
✅ @carolinepsimom, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!
Thank you in advance!
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