The dxDAO will be a community-governed DAO with total control over the DutchX trading protocol. Anyone can participate in what will be the first ever fully decentralized trading protocol.
The DXdao was initiated through a decentralized deployment process. It manages its own decentralized website. It owns three decentralized software products — a private cryptocurrency portfolio manager, a prediction market platform, and an interface to exchange Ethereum tokens. And now it’s hosted the first ever decentralized fundraiser.
The DXdao was initiated through a decentralized deployment process. It manages its own decentralized website. It owns three decentralized software products — a private cryptocurrency portfolio manager, a prediction market platform, and an interface to exchange Ethereum tokens. And now it’s hosted the first ever decentralized fundraiser.
DXD receives dividends equal to 10% of the DXdao’s future revenues. This percentage, like the rest of the DXdao
The DXdao recently launched Mesa.eth.link, a front end to the Gnosis Protocol DEX, has plans to imminently launch a prediction market platform, and has started work on a privacy-centric DeFi dashboard. All of these DeFi products offer the potential for fee-based revenue to the DXdao.” In evaluating this approach, it becomes clear that the DXdao is entering as a competitor against two groups. The first group is today’s “decentralized” finance protocols, which are often governed by a centralized project team and have an established legal personality. One example is Maker (the most popular DeFi protocol) and its formation as a Swiss Foundation. The second group is the transnational finance sector: arguably, the DXdao has a huge advantage in that it can appropriate financial mechanisms and products from this sector and globally decentralize them.
Just got on CMC and Coingecko, but data is yet to synchronized as the deployment is till being updated for both.
That Uniswap pool needs to return. Until then, people are going to be buying this over at the bonding curve and pumping it for us.
Jack Taylor
Is it worth adding liquidity to uniswap user?
Caleb Edwards
actually don't know how the uniswap liquidity works. Anyone care to explain?
Levi Hall
If you think this project is gonna pump then yeah, it'd be good to add liquidity to allow for an actual market for the token to take off. As a supplier of liquidity, you'd gain the fees for each buy or sell to the pool. You'd have to pair the token with a commensurate value of eth. If the token goes up, you'd miss some of the upside of the token as it gets pulled out and replaced with eth. If the token 2x's you only get 95% of the upside, 3x's you get 90% of the upside and so on. But you'd have the fees in addition to that as I'd mentioned. If the token dumps then you'd retain most of your value in an increased supply of the token (as more people have sent the token to the pull in order to sell it) + the fees. Hope that makes sense!
Nolan Diaz
would be stupid putting in uniswap right now. Price will pump hard. This is just like the early days of EOS fundraiser
Jonathan Jones
Probably. My line of thought was that the unipool could allow for a secondary market to take off but eh, people can just use dxdao's bonding curve instead. I think that one caps out at 0.5 eth * 100k DXD so 50k eth, or $10 mil at current prices. Should be doable given their library of products and influence in this space.
Anthony Martin
I'm ofc
Cooper Peterson
seems reasonable. 2-3x the price we have today.
William Wood
I don’t even know if I’m in this one for the gains anons? The project interests me so much that I think investing in it is satisfying in and of itself. Do you think in 20 years we’ll see AI governed DAOs?
Samuel Perez
>im in it for the tech bro nice cope for when you get dumped on
What I’m saying is if it dumps I wouldn’t even be mad, so long as it continues. I’ve made enough gains outside of this to the point where if my 30 dxd moons cool, if it dumps fine.
Jordan Lopez
No Twitter shills, those fags can buy these off me at $2000 each
TLDR being a provider is only good for you in sideways markets where you earn fees. If the price increases or decreases you get whats called impermanent loss. This isn't an attempt to FUD, this is preventing people from adding liquidity and then panic removing it when it doesn't work out like they think.
Cameron Cooper
Alright I'm in, what's the contract address for uniswap?
Eli Flores
>30 dxd is whale status No kidding. Which of you fuckers just bought 150?
Liam Harris
Lol that might have been me, I just picked up 30 ETH worth.
