DxChain ICO Review – Big Data & Machine Learning Network

A Decentralized Big Data and Machine Learning Network Powered by a Computing-Centric Blockchain.

The entire system is designed as a platform to provide big data and machine learning related computational services with the support of decentralized data storage. Database queries and business intelligence tasks can be performed, for data that couldn’t be owned by a commercial entity, but can be traded and stored in DxChain. 

DxChain provides two fundamental capacities: computation and storage, and serves as a data trading platform for users who want to sell their data. The team believe that to fully realize the Internet of Value, they must bring big data onto the blockchain… saying that, the industry has yet to see a single satisfactory solution to provide a decentralized parallel computing environment supporting big data and machine learning.

They want to ensure that large amounts of data are not monopolized by big corporations, and allow users to exchange data freely within the ecosystem / platform.

How advanced is the project?

DxChain has completed the initial design research and released the white paper. It is currently working on the minimum viable product network launch. Additionally the team managed to secure a broad base of institutional investors. The launch of the main network for the main chain and the two side chains is planned for the fourth quarter of 2019.

What are the tokens used for and how can the token value appreciate?

The native DxChain protocol token is called DX. The token will initially be issued as an Ethereum ERC-20 token and once DxChain blockchain launched, converted into the native token. The DX token is an utility token that will be used as the unit of exchange on the DxChain Network. The token is required to purchase services such as computational and storage resources on the DxChain Network. The market capitalization of the token will increase with the usage of the DxChain Network.

Product

The DxChain Network offers two resources: computation and storage. For this reason the DxChain Network will come with two side chains. The Data Side Chain (DSC) will store all non-assets information. The Computing Side Chain (CSC) is designed to solve real world business problems. A master chain is responsible for managing the overall transaction and communicating with the two side chains through smart contracts. Each side chains uses a different consensus mechanism. The DSC uses Proof of Spacetime (PoSt) while the CSC uses Provable Data Computation (PDC).

The computation engine of the DxChain Network will be Hadoop. Apache Hadoop is an open source software that enables to use a network of many computers to solve computational problems.

DxChain wants to empower users to trade their own data, which then can be used by a third party to derive meaningful conclusions with machine learning and big data.

Team

The team is currently comprised of 12 people.

• Allan Zhang | Co-founder
• Wei Wang | Co-founder & Chief Scientist
• James Li | Co-founder
• Daniel Dai | Blockchain Researcher
• Taosheng Shi | Senior Blockchain Engineer
• Eric Wang | Full Stack Engineer
• Li Lu | Blockchain Researcher
• Maizie Feng | Product & Community Manager
• Chaowen Li | Public Relations
• Sunny He | Investor Relation & BD
• Claire Yu | Digital Marketing Manager
• Nicole Fan | Digital Marketing

Advisors

• Yan Gong, Professor of CEIBS.
• Kevin Hsu, Founder of BlockVC.
• Leo Wang, Founding partner of PreAngel.
• Fan Zhang, Partner of Vancoin and former Founding Partner of Sequoia Capital China.

Investors

The DxChain team managed to form a strong base of institutional investors. More than 20 funds have provided funding for the project. This will be helpful when it comes to establish credibility in the public token sale. The high number of investors is also a validation of the concept elaborated by DxChain in their white paper

Node Capital, PreAngel, Fenbushi Digital, BlockVC, , Signum Capital, JRR Crypto, Fission Capital, and more

RoadMap

DxChain is an interesting and highly specialized blockchain platform. The challenge for a successful ICO and later on market penetration will be to signal the novelty of the approach and the unique design features that differentiate them  from other projects with a similar focus. The solid institutional investor base points towards a strong ICO performance in the short run.

The final verdict

The project is “Recommended” due to following reasons

• DxChain’s structure is innovative and unlike the rest of the competitors out there in the maket.
• The project has great market awareness with strong team, good idea and token metrics.
• DxChain is backed by a large amount of VCs who will bring in more partnerships and opportunities for Dxchain.
• DxChain has backing of the several reliable investors, and it is believed that the project will be able to get listed on bi exchanges.
• The potential will be awesome and lots of dApps will benefit from DxChain.

ICO details

• Categoria: Infraestrutura
• HardCap: 21 500 000 USD
• Preço: 1 DX = 0,0014 USD
• Objetivo: 22 000 000 000 DX
• Jurisdição: N / A
• Tipo de ficha: ERC20

Further Information about the ICO can be obtained from the following given links;

To participate in ICO:: https://t.me/DxChainBot?start=g06de8-g06de8

Website: https://www.dxchain.com

News: https://www.dxchain.com/news

Whitepaper: https://docsend.com/view/8w3fman

Blog: https://medium.com/dxchainnetwork

Telegram: https://t.me/dxchain

Telegram: https://t.me/dxchainchannel

Twitter: https://twitter.com/DxChainNetwork

Facebook: https://www.facebook.com/DxChain-179719632741800

YouTube: https://www.youtube.com/channel/UCNIWZiYjMKVjF1LIY9uIslg