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Welcome to Dacxi. This group is intended for open discussions and questions on all subjects related to the Dacxi community. Discuss the community, meet other community members and share your crypto stories. Welcome to Dacxi!

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DACXI ICO

The world’s first Community Crypto Exchange.

Pioneering the next trillion-dollar category of exchange

Price at the ICO start date: 1 DAC = 1 cent

Price at the ICO end date: 1 DAC = 1.6 cent

Exchange listing price: 1 DAC = 2 cents  (100% more than at ICO start date price)


Start Date: 11th June 2018 6:00 GMT

End Date: 25th July 2018 6:00 GMT

Soft Cap: $3M USD

Hard Cap: $10M USD

Total DAC Coin Supply: 10,000,000,000 DAC


JOIN IN:


📖ICO website & Whitepaper: https://dacxi-ico.com/ 

📈Exchange: https://exchange.dacxi.com/ 

🌱Community: https://dacxi.com/ 

▶️ Telegram: https://t.me/dacxiglobal 

📰Medium: https://medium.com/@dacxi 

💙Facebook: https://www.facebook.com/DacxiGlobal/ 

🐦Twitter: https://twitter.com/DacxiGlobal 

👔LinkedIn: https://www.linkedin.com/company/dacxi/ 

📢Reddit: https://www.reddit.com/r/DACXI/ 

📰Bitcointalk Announcement Thread: https://bitcointalk.org/index.php?topic=4568384.0 

▶️ Bounty: https://bitcointalk.org/index.php?topic=4588886.msg

Get an ICO Referral Link: https://goo.gl/forms/QDsgRAsNyF8LhXm83 


AIRDROP is currently closed  

Dacxi Community App (Google Play): https://play.google.com/store/apps/details?id=com.dacximob 

Dacxi Community App (iTunes): https://itunes.apple.com/au/app/dacxi/id1381066996 


If you need support, please reach out to the support team at [email protected]

Dacxi Community exchange - Roadmap


The Roadmap for the Dacxi Community Exchange change is impressive and optimistic. Features will be rolling out weekly and some of these will be visible and some invisible(back end).

Today the Dac coin will be live and enabled, the withdrawal functions  enabled, the automated KYC in place and the cash to crypto banking enabled.

This is your Exchange Dacxi

Happy trading

The Roadmap for the Dacxi Community Exchange change is impressive and optimistic. Features will be rolling out weekly and some of these will be visible and some invisible(back end).

Today the Dac coin will be live and enabled, the withdrawal functions  enabled, the automated KYC in place and the cash to crypto banking enabled.

This is your Exchange Dacxi

Happy trading




Como solucionar el uso de Exchanges de trading + Exchange billetera= Community Exchange

Este es un nuevo tipo de exchange donde el usuario encuentra dos diferentes formas de manejar sus criptomonedas, a través de;

Exchange básico o de billetera

Donde el usuario al menudeo o el usuario institucional puede comprar criptomonedas y guardarlas, las compras incluyen opciones a través de dinero FIAT, tal y como sucede con Coinbase por ejemplo.

Exchange completo

Hacer trading aquí es a través de una interfaz mas completa para las personas que desean utilizar indicadores y hacia realizar trading, o comercio de criptomoneda. Entregándole al usuario una experiencia de primer nivel para poder realizar análisis técnicos con las diferentes herramientas que requiere la practica.

La comunidad (Dacxi Community)

A través de la comunidad de Dacxi se podrán crear foros o hilos de discusión, noticias, interacciones de varios tipos entre usuarios y crear diferentes comunidades enfocadas en nichos de criptomoneda específicos, por lo que si un usuario que se siente a fin del uso o desarrollo de una u otra moneda desea crear o proyecto, podrá empezar un grupo.

Crypto VC

(Crypto Venture Capitales) Es una herramienta para el análisis y el impulso a nuevos proyectos de ICOS, initial coin offerings que en español son ofertas iniciales de criptomoneda. Esto servirá mucho para que los inversores tengan mas seguridad en que el proyecto en el que invierten se encuentra respaldado y curado por Crypto VC.

DAC Token

Es el token que sirve para moverte en el ecosistema y pagar fees dentro del trading exchange.

Grupo de Telegram en español, Dacxi (DAC) https://t.me/dacxidac

Mira el siguiente vídeo, en donde explico a mas detalle como funciona todo el ecosistema ►


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Bitcoin is holding steady. Some alt coins are jumping. Shenanigans at Binance. 😬

Here’s Andy with another action-packed weekly crypto market report!

META: Marketplaces are evolving, and the building of new exchanges is driving the evolution of the crypto space, both in outreach and in applied technology.

Think back a few years ago. Crypto exchanges were rudimentary, a necessary evil, even downright risky. The best thing one could hope for was to learn to maneuver around Poloniex well enough, and pray that exchanges like HitBTCand YoBit did not go down in flames. Frequent outages, lost wallets, lost coins and a generally bad user experience — all of these had to be braved in order to buy or exchange crypto assets.

Alongside the best-visited exchanges, there existed a retinue of small-scale markets with a shady reputation. Regional exchanges with a handful of coins, or colourful marketplaces with the most exotic assets, rose and fell across the landscape with their own enticing offers and risks. Some, like TradeSatoshiand Cryptopia are still around. They are upping their game, repairing leaks and mitigating risks, competing for position in the crypto space. Exchanges with regular trading fees, are now sitting on valuable assets. The longer the ecosystem survives and thrives, the more these exchanges turn into institutions, communication hubs, and trendsetters in the world of crypto.

And yet despite the obvious explosion of interest and awareness of the crypto asset investment proposition, the vast majority of our planet’s inhabitants are yet to seek exposure. Which simply means that the potential market for new exchanges that get their ecosystem model right, is massive indeed.

Here at Dacxi we think there’s a need for a new category of exchange called a “community exchange” that will address the unique needs of this dormant, untapped market. A community exchange is a new kind of exchange that provides the knowledge and support that the next wave of mainstream investors need to invest in crypto.

A community exchange is simple to use and comes with a dedicated community platform that provides new investors with the knowledge, tools, discussion and learning resources they need to engage with crypto assets in a safe and responsible way. We think this model has the potential to change everything.

Assets, Assets Everywhere

But it all starts with assets. One of the chief reasons for the success of exchanges was that, starting in 2016 and accelerating in 2017, the crypto market moved away from Bitcoin, towards an ever-increasing array of projects. Ethereum was one of the first and biggest ICOs and it quickly became the leader of the pack.

The Ethereum token was quickly added to exchanges, but it would not be the last. Many new assets followed, and the 2017 bull market made possible the tantalising prospect of the elusive and quite incredible 100X gains. Old and forgotten coins were made shiny again, all thanks to exchange services that enabled rivers of new liquidity to flow into the market. The small portfolio of 2017 Coinbase coins — Bitcoin, Ethereum and Litecoin spiked to significant heights, quickly followed by the rest of the market.

ICOs followed soon after, creating a whole new economy based on tokens, with different use cases. These offered diversification against Bitcoin, which now became a central coin for settlements, or more accurately the reserve currency for the crypto space. ICO assets needed an exchange to show their true potential, and to fully make use of the hype and high expectations. Suddenly, there was even more appetite for trading.

Crisis Strikes

But in September 2017, crypto markets came crashing down, sending Bitcoin reeling from above $6,000 to as low as $3,000 within hours. The reason was the Chinese ban on local ICOs. Later, China moved its heft again, charging directly against exchanges, based on the country’s capital control laws. Chinese trading turned out to be one of the best supporters for the prices of crypto, and temporarily, the market was deprived of its liquidity.

Was this the end? Not even close. Exchanges like OKEx and Huobi are still faring as well as ever, participating in an ever expanding array of coins, tokens and relatively successful Bitcoin hard forks. In fact, the ban in China caused those exchanges to become even more resilient. They increased their volumes by moving on to other countries in the Asia Pacific region. Korea became a hotbed of activity and exchanges found workarounds that kept the trades flowing, despite the loss of direct Chinese Yuan trades.

The loss, or rather the transfer of trading from China, saw exchanges fare even better. Korea became a hotbed of activity. Japan, with its stance of acceptance for Bitcoin, was even more welcoming, allowing for the creation of brand-new exchanges, with a revamped legal framework that allowed cash trading. Since then, Japanese exchanges remain something of an island.

Exchanges — Both Regional and Global

In theory, crypto enthusiasts can trade anywhere and from anywhere. A quiet evolution came to exchanges, as yet another example of how strict regulations can in fact make the markets grow, and create smart workarounds. Because accepting cash came with too many regulations, crypto only exchanges appeared, becoming borderless hubs.

This phenomenon has caused some exchanges, such as Binance, to have diversified communities with a large presence of US-based traders, who are completely free to make their bets, without border restrictions and capital controls.

Curiously, the limiting factor of cross-border trading has helped exchanges succeed, by creating a native ecosystem that expands beyond the borders of the country where they are based. And here comes the most important element of exchanges — the spontaneous building of communities. Advice, hype, any crypto topic and technicality finds yet another platform for discussion.

Dacxi aims to take this spontaneous process to the next level, by combining trading and community building in its upcoming exchange ecosystem. We’re so confident in this emergent new model, that we have already pushed each platform live. We’re now in full beta release and learning the lessons that only the live market can teach you. This allows us to move quickly as we incrementally improve each platform before the full scale launch that will see us pursue our ultimate goal of onboarding the next wave of mainstream investors into crypto.

Support

Slowly, customer support is getting better. Dacxi is all about community, discussion and education. An uneducated investor is vulnerable and in crypto, even more so. We’re only too aware of just how steep the crypto learning curve is for new investors. We’re here to make that steep curve a more gentle incline.

Liquidity is Key

Exchanges are all about trading — any trading. Some services allow for a direct entry to fiat positions. But trading between tokens is also exciting, and potentially lucrative. The ideadacxi-ico.com that crypto assets in themselves are valuable, and the goal of increasing one’s Bitcoin holdings, instead of more dollars, has helped boost crypto-only exchanges.

The Winners

If you spend some time with crypto coins, you are bound to hear the question “When Binance?” Well, about a year since Binance was an ICO, its model proved the right recipe — high security, high quality of assets, community outreach. Binance itself aims not to be so central to the ecosystem. Luckily, its model is being applied as a new standard for exchanges arises. Dacxi will be one of the platforms with all the elements to become a sought-after exchange: intuitive trading, an active community and a native token to boost liquidity.

Binance currently ranks the highest, with $1.16 billion equivalent in 24 hour volumes.

There are other names emerging in 2017 and 2018, showing similarly robust trading, aided by Asian and especially Korean speculation. While Japanese exchanges remain isolated and removed from the wider community, the Korean markets keep boosting the visibility of new and older digital coins, tokens, and other assets. OKEx comes second, with $1.13 billion daily volumes. Huobi, and Huobi Pro serve more than $600 million in daily trades.

But there are small scale exceptions like KuCoin, which still handles relatively small volumes of $30 million in 24 hours. But KuCoin has done a lot to popularise up and coming tokens, and inadvertently lines up with Binance as one of the most actively social exchanges. Trading competitions and giveaways also help boost the visibility of those markets.

Becoming a Part of the Ecosystem

One of the reasons for the success of exchanges is that the latest batch of exchanges was built with a view to helping the crypto ecosystem grow, going the extra mile and offering much more than a trading platform.

In 2017, the biggest challenge for exchanges was the first contentious hard fork, which created Bitcoin Cash. Other forks followed, making exchanges work and think, to make the new assets available to their users. Whether they wanted it or not, exchanges had to adapt and grow. Then came airdrops, prominent projects, and the need to switch between assets when projects like TRON moved from the Ethereum network to their own blockchain. Exchanges were instrumental in that.

True, there were mistakes caused by too much enthusiasm, but they also became lessons. Binance overhyped coins like Centra, and later SkyCoin, causing great losses as the projects were compromised. The listing of Bytecoincreated immense enthusiasm and then wiped out the funds of over-eager investors.

But this time, exchanges learned and adapted. Very few gave up and acted dishonestly, thus showing that they took their business seriously. Instead of making a disappearing act, like Mt. Gox, those exchanges owned up to their mistakes and tried to fix them.

Trading, it seems, has evolved. After a boom in November and December, when the daily size of the crypto market sometimes exceeded $40 billion, the volumes have come down. But now, the ecosystem of exchanges has grown, and there are more opportunities to trade with skill and foresight, even though the time of easy, unexpected gains is probably gone for good. Centralized exchanges will be here to stay — with all the entailing challenges, but they have certainly evolved with the warp speed of the crypto universe.

We have watched all of the above with interest. We have waited, biding our time. But now our time is coming and Dacxi prepares to enter the market.

Find out more on our platforms.

dacxi-ico.com
dacxiexchange.com

With crypto’s constantly evolving ecosystem, it can be challenging to keep a long-term time horizon in mind. With the news cycle moving so quickly, the notoriously volatile crypto market is prone to sudden price movements, whether bullish or bearish. In these exciting but extreme conditions, it is all too easy to lose sight of the big picture.

At Dacxi we approach crypto asset investing with an investor mindset. That means long-term thinking. We believe that the world is in the early stages of a multi-generational technological and economic revolution. We are participating in the birth of a brand-new asset class that is fast gaining legitimacy. The creation and legitimisation of new asset classes is extremely rare. When a new asset class succeeds in rising from the metaphorical primordial investment ooze, emerging on the world stage as a newly formed force of disruptive innovation, the potential returns to early investors are unprecedented.

As you may know, here at Dacxi we are underway with our Public ICO.

We are confident that crypto has a bright future. So confident that we have decided to back this up by putting some serious skin in the game.

As a way of demonstrating our commitment, and our belief in the strong underlying fundamentals and long-term value of the crypto asset class, we have decided to give Dacxi ICO investors the opportunity to buy DAC with a Bitcoin (BTC) value of $10,000 USD. And we’ll do the same with Ethereum (ETH) and Bitcoin Cash (BCH).

These are the exchange rates available:

Exchange BTC @ 10,000

Exchange ETH @ 750

Exchange BCH @ 1,100

The above prices are in $USD.

We have calculated the BTC market price at $6000 USD.

DAC at current Bitcoin market price ($6k) is 1.3 cents

DAC at offered Bitcoin price ($10K) is .85 cents

In other words by allowing investors to purchase DAC at this valuation, they are getting 34% more DAC for their money.

Why is Dacxi offering such an attractive exchange rate? Simply because we want to send a message to the crypto market and the wider crypto community. We’ve been in a stagnant bear market for some time, but we’re confident this will change as the market cycle plays out.

The stock market has been one of the world’s primary economic growth drivers over the last 100 years, but a new growth cycle is coming. Let’s zoom out and think about what’s likely to happen in the decades ahead. At first the trend will be slow. Then it will speed up. Slowly and then suddenly, more people will own crypto assets than own stocks. Stocks only have utility to investors, but as the crypto space matures, crypto will soon be held by both investors and users. This trend will accelerate as the developing world starts to embrace crypto. At this point, anyone with a smart phone and some determination is able to invest in crypto assets. The stock market has much higher barriers to entry. We’re convinced that the next technology growth wave is the rapidly approaching blockchain era and the Internet of Value or Web 3.0. On a long enough time frame, who knows where Bitcoin’s upper valuation might be? But a return to a $10,000 Bitcoin? That’s a done deal, we think. And that’s why we will give you 34% more DAC during the week of July 6–13. That’s why we value your Bitcoin at $10,000.

Want to get involved or find out more about Dacxi? Visit dacxi-ico.com

Exchange coins are assets that have fuelled both the creation of a new breed of crypto exchange, and helped with liquidity and price discovery. Binance, KuCoin, Huobi are the most prominent examples of a native exchange-linked coin. DAC is next. 💪🏻🤛

META: Exchanges are not what they used to be - but what is the next step? Decentralised exchanges are hot, but are they the only solution? A mix of decentralised exchanges and community-fuelled marketplaces may be the best answer.

How do you figure out the game of crypto trading? Personal trial and error is one way. Crypto trading has a steep learning curve, and just like any learnable skill on the Internet, it tends to generate discussion, and create communities. Those organic communities may be pointing at something important – the idea that just maybe, we don’t have to figure it out on our own.

Some services, like eToro, have already included social trading. But classical exchanges are a different matter - most still rely on social media to build their communities. Binance, the leading exchange by volumes right now, comes to mind, as it is always quick to communicate with its users. Other marketplaces, however, leave the community outreach as an afterthought.

At Dacxi, we’re convinced there is a need for a community exchange. Our goal to is to create a crypto marketplace with its own strong community.

In our previous posting, we previewed the state of exchanges, and the rapid growth and evolution they went through between 2017 and 2018. Now, we will look into the future, at the possibilities and new challenges arising. 

Decentralised Exchanges: Making a Lot of Noise

Putting any crypto coin on an exchange is a risk in itself. Your coins are mixed in with other holdings in one large wallet, and what you receive in exchange for your deposit is a database entry. When you trade, your assets do not move on the blockchain. It’s a fast and convenient approach - but problematic. Based on the philosophy that whoever holds the private keys owns the asset, this means that a loss or a hack takes away your tokens.

Most exchanges do not exploit their power, but this does not change the fact that your funds are vulnerable.

And here come the decentralised exchanges - solutions that allow you to trade and open positions, without your funds ever leaving the wallet until the trade is completed. One of the most widely used decentralized exchanges is EtherDelta. It is based on a smart contract, and it lists all new Ethereum assets immediately. EtherDelta offers you to control the funds via a private key, and your wallet then communicates with the smart contract.

This exchange, along with IDEX, are some of the best examples for using the distributed ecosystem of Ethereum. Instead of trading fees, users pay gas fees to communicate with the smart contract.

This approach also has risks - funds lost somewhere on the blockchain, or browser vulnerabilities. However, decentralised exchanges are definitely driving innovation. And in a world of constantly produced digital assets, those exchanges are valuable, allowing for price setting and liquidity. EtherDelta ensures that Ethereum will always be needed as a utility coin for gas, and an asset for trading pairs.

Then, there is also the Komodo ecosystem, which uses a complex approach of atomic swaps between blockchains. With that approach, the Komodo exchange is relatively slow, performing in months as many transactions as other exchanges see in an hour. But it is also a valuable exploration that, if scaled, could change trading.

The biggest strength of decentralised exchanges is that they can immediately list and trade any asset. Some projects use a hybrid approach, with a centralized system for matching orders, while the fund transfers themselves are distributed directly though the wallets. Decentralised exchanges are possible, in theory, for every platform that allows the creation of tokens. NEO has an experimental exchange of this kind, as well as the Stellar project, and other networks have seen side teams develop decentraliaed exchanges. 

This type of exchange is democratic, and accessible to all. However, they have one disadvantage – they are directed to intermediate or advanced crypto users. They are very technically demanding and intimidating to use. Some decentralised exchanges are quickly cobbled together by developers, with very little marketing. Some are attempting to get more popular - however, they remain just niche fixtures in the crypto space, for now.

Recently, EtherDelta announced it is addressing its most pressing issues - the bad design and low user-friendliness. The exchange has expanded to a professional team, and has addressed flaws and glitches. This is one example of a very basic decentralised exchange, growing into a traditional marketplace.

EtherDelta was also a precursor of the exchange coin - in this case, it used Ethereum as fuel. But other exchanges show that a native asset is instrumental to increased liquidity.

Community Exchanges: Just the Beginning

Community exchange projects already exist - and they approach the business model by building a close-knit web presence. Dacxi is an exchange aiming a similar pattern, hiring the best developers to build a modern community hub online, and allow safe, secure trading with access to advice, encouragement and learning resources.

Regular exchanges do have communities - but those arise spontaneously, and are un-moderated and often uncivil. Regular social media serve as connections, but support is patchy, questions go unanswered, and many return to Quora with desperate pleas on how to handle their crypto holdings.

Consider the current bear market - as Bitcoin heads back to $6,000, a community would be a handy thing to have for discussions. Sentiment on social media tends to be sensational, relying on memes and in the end, without a filter it can be counter productive for new people to the space. But a community of traders has a different view of the market, with a more rational approach to any price movement.

Some of the strongest crypto communities have formed on the Bitcointalk forum, as well as Reddit. However, the discussion is still unfiltered, and trading opinions are lost amidst a wave of information, opinion, and general chatter. A crypto exchange for mainstream investors would change all that.

Of course, there are groups for trading discussion, and some are closed and exclusive. Telegram is the place where crypto enthusiasts gather for trading speculation, a leading channel for organised pump and dumps. Without transparency and moderation, this behaviour is quite hard to avoid.

Now imagine Dacxi, with its transparent community and clear reputations. Pump and dump attempts and discussing them would be impossible.

The crypto market is unregulated, and trading decisions big and small are made by anyone - from laymen to big firms, and also bots. There is no attempt at limitations, licensing traders, or anything of the sort. The only thing that could work for crypto coins is a community and an attitude of watching and discussing.

Consider the case of the Bear Whale, a trader that placed an order for 30,000 BTC at $300, below market prices. Somehow, investors coordinated and “slayed” the bear whale, by eating up the order, after which Bitcoin jumped to $375 and remained at the higher price. This event was legendary - and it showed that traders could act with a common mind. In the case of the bear whale, everyone realised there was an opportunity. Now, imagine how many more opportunities would arise if traders could find mentors, learn to recognise patterns, and always rely on information and encouragement.

What About the Bear Market?

In June 2018, the crypto markets look quite unappealing. Gone are the easy gains, where all coins went “to the moon”. Unfortunately, all hopes of a speedy recovery were crashed at the end of the month, when Bitcoin had a serious crash each week, stepping down to lower and lower prices. Now, Bitcoin prices are just about to break below $6,000 once again.

Does this market spark any enthusiasm? It should. Sure, the simple pattern of the late 2017 may not repeat - but how do you know there are no experts out there who may tip you to making gains with no regard to market conditions? Or how about some experienced traders who have seen it all, and who believe in crypto, despite the spike and crash in December?

All of this, and more, would be possible with exchanges that are based around communication, shared experience, and the emergence of experts and prominent traders.

There is no sugar-coating it, the next two years may be tough in crypto. The initial enthusiasm is tainted with deep skepticism. Communities are the key - not the vast swathes of newbie investors, but those who deeply understand crypto and care for it, and do not leave at the first sign of trouble. A community exchange would be a hub to analyse the market, and also keep enough interest and liquidity to keep the trade going.

Dacxi also has one more key element to liquidity and reliable trading - the native DAC digital asset. Beyond its use as an ICO token, the DAC will help form trades, and allow traders to find opportunities unavailable in other markets. We will discuss the performance and necessity of exchange coins in our next analysis of current and future trends in crypto exchanges.

META: Marketplaces are evolving, and the building of new exchanges is driving the evolution of the crypto space, both in outreach and in applied technology.

Think back a few years ago. Crypto exchanges were rudimentary, a necessary evil, even downright risky. The best thing one could hope for was to learn to maneuver around Poloniex well enough, and pray that exchanges like HitBTCand YoBit did not go down in flames. Frequent outages, lost wallets, lost coins and a generally bad user experience — all of these had to be braved in order to buy or exchange crypto assets.

Alongside the best-visited exchanges, there existed a retinue of small-scale markets with a shady reputation. Regional exchanges with a handful of coins, or colourful marketplaces with the most exotic assets, rose and fell across the landscape with their own enticing offers and risks. Some, like TradeSatoshiand Cryptopia are still around. They are upping their game, repairing leaks and mitigating risks, competing for position in the crypto space. Exchanges with regular trading fees, are now sitting on valuable assets. The longer the ecosystem survives and thrives, the more these exchanges turn into institutions, communication hubs, and trendsetters in the world of crypto.

And yet despite the obvious explosion of interest and awareness of the crypto asset investment proposition, the vast majority of our planet’s inhabitants are yet to seek exposure. Which simply means that the potential market for new exchanges that get their ecosystem model right, is massive indeed.

Here at Dacxi we think there’s a need for a new category of exchange called a “community exchange” that will address the unique needs of this dormant, untapped market. A community exchange is a new kind of exchange that provides the knowledge and support that the next wave of mainstream investors need to invest in crypto.

A community exchange is simple to use and comes with a dedicated community platform that provides new investors with the knowledge, tools, discussion and learning resources they need to engage with crypto assets in a safe and responsible way. We think this model has the potential to change everything.

Assets, Assets Everywhere

But it all starts with assets. One of the chief reasons for the success of exchanges was that, starting in 2016 and accelerating in 2017, the crypto market moved away from Bitcoin, towards an ever-increasing array of projects. Ethereum was one of the first and biggest ICOs and it quickly became the leader of the pack.

The Ethereum token was quickly added to exchanges, but it would not be the last. Many new assets followed, and the 2017 bull market made possible the tantalising prospect of the elusive and quite incredible 100X gains. Old and forgotten coins were made shiny again, all thanks to exchange services that enabled rivers of new liquidity to flow into the market. The small portfolio of 2017 Coinbase coins — Bitcoin, Ethereum and Litecoin spiked to significant heights, quickly followed by the rest of the market.

ICOs followed soon after, creating a whole new economy based on tokens, with different use cases. These offered diversification against Bitcoin, which now became a central coin for settlements, or more accurately the reserve currency for the crypto space. ICO assets needed an exchange to show their true potential, and to fullu make use of the hype and high expectations. Suddenly, there was even more appetite for trading.

Crisis Strikes

But in September 2017, crypto markets came crashing down, sending Bitcoin reeling from above $6,000 to as low as $3,000 within hours. The reason was the Chinese ban on local ICOs. Later, China moved its heft again, charging directly against exchanges, based on the country’s capital control laws. Chinese trading turned out to be one of the best supporters for the prices of crypto, and temporarily, the market was deprived of its liquidity.

Was this the end? Not even close. Exchanges like OKEx and Huobi are still faring as well as ever, participating in an ever expanding array of coins, tokens and relatively successful Bitcoin hard forks. In fact, the ban in China caused those exchanges to become even more resilient. They increased their volumes by moving on to other countries in the Asia Pacific region. Korea became a hotbed of activity and exchanges found workarounds that kept the trades flowing, despite the loss of direct Chinese Yuan trades.

The loss, or rather the transfer of trading from China, saw exchanges fare even better. Korea became a hotbed of activity. Japan, with its stance of acceptance for Bitcoin, was even more welcoming, allowing for the creation of brand-new exchanges, with a revamped legal framework that allowed cash trading. Since then, Japanese exchanges remain something of an island.

Exchanges — Both Regional and Global

In theory, crypto enthusiasts can trade anywhere and from anywhere. A quiet evolution came to exchanges, as yet another example of how strict regulations can in fact make the markets grow, and create smart workarounds. Because accepting cash came with too many regulations, crypto only exchanges appeared, becoming borderless hubs.

This phenomenon has caused some exchanges, such as Binance, to have diversified communities with a large presence of US-based traders, who are completely free to make their bets, without border restrictions and capital controls.

Curiously, the limiting factor of cross-border trading has helped exchanges succeed, by creating a native ecosystem that expands beyond the borders of the country where they are based. And here comes the most important element of exchanges — the spontaneous building of communities. Advice, hype, any crypto topic and technicality finds yet another platform for discussion.

Dacxi aims to take this spontaneous process to the next level, by combining trading and community building in its upcoming exchange ecosystem. We’re so confident in this emergent new model, that we have already pushed each platform live. We’re now in full beta release and learning the lessons that only the live market can teach you. This allows us to move quickly as we incrementally improve each platform before the full scale launch that will see us pursue our ultimate goal of onboarding the next wave of mainstream investors into crypto.

Support

Slowly, customer support is getting better. Dacxi is all about community, discussion and education. An uneducated investor is vulnerable and in crypto, even more so. We’re only too aware of just how steep the crypto learning curve is for new investors. We’re here to make that steep curve a more gentle incline.

Liquidity is Key

Exchanges are all about trading — any trading. Some services allow for a direct entry to fiat positions. But trading between tokens is also exciting, and potentially lucrative. The idea that crypto assets in themselves are valuable, and the goal of increasing one’s Bitcoin holdings, instead of more dollars, has helped boost crypto-only exchanges.

The Winners

If you spend some time with crypto coins, you are bound to hear the question “When Binance?” Well, about a year since Binance was an ICO, its model proved the right recipe — high security, high quality of assets, community outreach. Binance itself aims not to be so central to the ecosystem. Luckily, its model is being applied as a new standard for exchanges arises. Dacxi will be one of the platforms with all the elements to become a sought-after exchange: intuitive trading, an active community and a native token to boost liquidity.

Binance currently ranks the highest, with $1.16 billion equivalent in 24 hour volumes.

There are other names emerging in 2017 and 2018, showing similarly robust trading, aided by Asian and especially Korean speculation. While Japanese exchanges remain isolated and removed from the wider community, the Korean markets keep boosting the visibility of new and older digital coins, tokens, and other assets. OKEx comes second, with $1.13 billion daily volumes. Huobi, and Huobi Pro serve more than $600 million in daily trades.

But there are small scale exceptions like KuCoin, which still handles relatively small volumes of $30 million in 24 hours. But KuCoin has done a lot to popularise up and coming tokens, and inadvertently lines up with Binance as one of the most actively social exchanges. Trading competitions and giveaways also help boost the visibility of those markets.

Becoming a Part of the Ecosystem

One of the reasons for the success of exchanges is that the latest batch of exchanges was built with a view to helping the crypto ecosystem grow, going the extra mile and offering much more than a trading platform.

In 2017, the biggest challenge for exchanges was the first contentious hard fork, which created Bitcoin Cash. Other forks followed, making exchanges work and think, to make the new assets available to their users. Whether they wanted it or not, exchanges had to adapt and grow. Then came airdrops, prominent projects, and the need to switch between assets when projects like TRON moved from the Ethereum network to their own blockchain. Exchanges were instrumental in that.

True, there were mistakes caused by too much enthusiasm, but they also became lessons. Binance overhyped coins like Centra, and later SkyCoin, causing great losses as the projects were compromised. The listing of Bytecoin created immense enthusiasm and then wiped out the funds of over-eager investors.

But this time, exchanges learned and adapted. Very few gave up and acted dishonestly, thus showing that they took their business seriously. Instead of making a disappearing act, like Mt. Gox, those exchanges owned up to their mistakes and tried to fix them.

Trading, it seems, has evolved. After a boom in November and December, when the daily size of the crypto market sometimes exceeded $40 billion, the volumes have come down. But now, the ecosystem of exchanges has grown, and there are more opportunities to trade with skill and foresight, even though the time of easy, unexpected gains is probably gone for good. Centralized exchanges will be here to stay — with all the entailing challenges, but they have certainly evolved with the warp speed of the crypto universe.

We have watched all of the above with interest. We have waited, biding our time. But now our time is coming and Dacxi prepares to enter the market.

Find out more on our platforms.

dacxi-ico.com
dacxiexchange.com

Here at Dacxi, one of our goals is to disrupt the crypto exchange market. In fact, we’d like to be the number one community exchange brand in crypto. If we can achieve this, we think we can solve the mainstream adoption problem. That’s right, we’re going to onboard the next wave of mainstream retail investors into crypto. That means up to 500 million new investors by 2022. These are lofty and ambitious goals and that’s what makes it so exciting. To understand how and why we think that these goals are worth pursuing it’s important to understand more about the exchange market, and what we mean when we say, “community exchange”.

The crypto exchange market is recognised as a hyper-growth industry. From January 2017 to May 2018 the market went through an incredible growth cycle with Coinmarketcap.com data showing that 24-hour exchange volumes grew from an average of US$150 million per day to over US$15 billion per day. That’s a quite remarkable 100X growth. During the same period, the total crypto market capitalisation grew by 20X. Therefore, exchange volumes grew by 400% more than the market cap.

While the value of most crypto assets is based on the potential of an idea, exchanges are operational businesses based on sales, costs, margins and profits.

The exchange sector’s success is demonstrated by recent announcements such as:

  • Coinbase claimed $1 billion revenue in 2017
  • Binance launches in August 2017 with a $15 million ICO and less than a year later is one of the leading exchanges by volume and user growth
  • Poloniex sells for $400 million to Circle
  • There has been an explosion in both user volume and in the number of exchanges around the world
  • Most exchanges have struggled to scale as they grow

To get an idea of how the exchange market is likely to develop, it is important to understand the types of Crypto-Investor. In investment sectors such as equities, the two main groups of investors are Institutions or Retail (individuals), with Retail splitting into ‘Trader’ and ‘Investor’ to create three distinct Investor types. These three types are also seen in the crypto market:

1. Institutions. These are companies involved in trading or investing in crypto, such as investment banks, funds or family offices. To be actively involved they have specialist requirements such as licensed exchanges, high liquidity, low fees, market analysis, hedging derivatives and custodian services.

2. Retail Traders. These are individuals that trade crypto on a regular, sometimes intra-day basis. Their equivalent are day-traders in equities or FX markets. They rely heavily on charts, analysis, rapid information and the ‘technical’ aspects of trading. Many use leveraged trading which has been a main driver of the leading Asian exchanges. High liquidity, low fees and exchange speeds are important.

3. Retail Investors. These are mainstream individual investors who are focused on mid to long-term time frames. They are not interested in the intensity or risks of trading. They make up to 99% of the retail market.

Mainstream Retail Investors are faced with a number of barriers to entry that must be overcome before they are likely to invest in crypto assets. At present, most retail investors struggle with the basics of on-boarding into crypto from fiat. Crypto’s learning curve is steep, and overwhelming for the vast majority of the market. This is the problem that Dacxi wants to solve.

THE NEXT GROWTH WAVE

  1. The first ‘pioneer’ growth wave in the crypto industry from 2009–2018 was driven by crypto pioneers and retail traders mainly from China, Korea and Japan. Many from the FX trading community also became involved in trading crypto. After the dramatic spike in growth in the final months of 2017, there has been a consolidation period in the first half of 2018. This period has seen many positive developments aimed at legitimising the crypto space. These include customer service upgrades, compliance and security upgrades, new regulations and services for institutional investors. Many high profile financial organisations have signalled their intentions to enter the crypto space. The number of potential investment funds has also increased significantly.
  2. Unlike the ‘pioneer’ wave, the next global growth wave is likely to be driven by two new investor sectors. These are: Institutions and Retail Investors. The Institutional sector has the knowledge and access to advanced investment tools and resources, but it is the Retail Investor sector that has the numbers needed for crypto to go mainstream. Without them, crypto will remain a relatively small emerging investment sector.

RETAIL INVESTOR CHALLENGES

While the end of 2017 was memorable for the FOMO (Fear of Missing Out)
 driven crypto-boom, very few retail or mainstream investors have started actively investing. The level of awareness of crypto and desire to get involved versus actual participation do not match up. At present it is estimated that only around 0.5% of the It is estimated that around 0.5% of the global population (approximately 32 million people) own some form of crypto assets. Retail investors are expected to invest in the crypto asset space once they perceive it as simple, accessible and once they have the confidence to do so. The key demographic is millennials who increasingly connect with crypto as an asset class, rather than equities that tend to appeal to older generations.

Existing Retail Traders and new Retail Investors have fundamentally different needs and confidence levels. Both wish to participate in the next crypto market bull cycle, but are at very different stages of their crypto journey.

Current Barriers to Entry for Retail Investors

  • Retail Investors search for the information they need to become successful crypto investors. They soon find themselves bewildered by the complex, specialised material on news sites, social media and discussion platforms.
  • Retail Investors are less likely to use specialist platforms such as Reddit, Telegram or Twitter and are unsure how to access accurate information streams.
  • Retail Investors are intimidated by the technical nature of trader exchange interfaces.
  • Retail Investors are vulnerable to the scammers that target new crypto investors.
  • Retail Investors find it difficult to access the support and content they need to build confidence.
  • These barriers to entry have slowed the adoption of crypto assets. To date, the industry remains dominated by traders, the tech-savvy and the very determined.

The Retail Investor sector needs an environment that protects and empowers its members. That’s where Dacxi comes in.

EXCHANGE TYPES

There are currently two main types of crypto exchange.

  • Trader Exchanges. This kind of exchange is designed for traders. They feature user interfaces that are proven to support traders and are similar to FX exchanges with large numbers of trading pairs, tools and charts. Many Trader exchanges only support crypto-crypto transactions. This means only confident crypto-traders can access their services as this requires existing ownership of crypto assets. Leading Trader Exchange examples are Binance and Bittrex. The emerging sub-categories of Trader Exchanges are Institutional Exchanges such as Coinbase Pro [GDAX] and Decentralised Exchanges such as IDEX. No current Trader Exchanges have the ‘Community’ platform needed to support Retail Investors.
  • Wallet Exchanges. These exchanges are designed for investors who are new to crypto. They have a simple user interface, support leading coins and are focused on a mobile wallet. Their natural evolution is to become a banking / payment platform. Leading examples are Coinbase and Blockchain. Whilst the user interfaces of wallets are easy to use, they lack an effective ‘Investor Support Community’.

THE DACXI BELIEF

Dacxi believes that the current crypto industry is not designed to attract, engage or empower the potentially massive global retail investor sector. Dacxi was founded by global experts in customer acquisition, engagement, education and retention. Our belief is that there is a gap in the market for a completely new community-driven exchange ecosystem designed to support retail investors.

This ecosystem is based on a new type of investor community and is called a ‘Community Exchange’.

THE COMMUNITY EXCHANGE

In simple terms, the Community Exchange is a community-driven ecosystem designed to empower and protect mainstream retail crypto investors. It delivers:

  • The discussion, content, education opportunities, analysis, confidence, inspiration and support that new investors need to make effective investment decisions
  • A dedicated community platform where investors can learn and discuss the tools and strategies required before risking significant capital
  • An accessible mobile led platform with push notifications to drive engagement and build confidence
  • A live educational / inspirational platform that provides both large and small interactions such as live streaming, coaching, experts, meetups and events
  • A focus on simple exchange interfaces so that busy individuals in whatever country, language or currency in which they operate, can invest
  • A platform that allows for individual and group discussions on anything related to crypto asset investing in a supportive and empowering community environment
  • An awareness that crypto investing is speculative and comes with many risk factors that must be considered

MARKET EXCHANGE POTENTIAL

To consider the potential of the new Community Exchange category, we use the following logic.

Total Crypto-Asset Values

The total market cap of all global stocks, gold, bonds and cash is approximately US$200 trillion. The current total market cap of all crypto assets is approximately US$326 billion. If just 2% of the former makes its way into digital assets via institutional and mainstream investors, the current crypto market cap could increase by another 10X, or US$3 trillion.

Exchange Turnover

Using Coinmarketcap.com we can roughly estimate average monthly exchange turnover. In the period March-May 2018, the average exchange turnover was at least $15 billion (per day), so average monthly exchange turnover was approximately $450 billion. That means an estimated 2018 exchange turnover of $5 trillion.

As a comparison, the annual turnover of the foreign exchange market is estimated at over $1500 trillion, so crypto turnover is less than 1% of that amount.

Given positive projections that the crypto market will achieve double the high levels of December 2017 by 2020, we estimate daily turnover at $150 billion with an annual exchange volume of $50 trillion.

Given the volume produced by margin trading on Trader Exchanges and the expected high turnover of simple exchange transactions through Wallet Exchanges, it is estimated that Community Exchanges will account for 3–5% of global exchange turnover or $1.5–2.5 trillion per annum. Dacxi estimates the Community Exchange market will have a value of $1 trillion.

HOW MANY RETAIL INVESTORS?

It is estimated that around 0.5% of the global population (approximately 32 million people) own some form of crypto assets. Retail investors are expected to invest in the crypto asset space once they perceive it as simple, accessible and once they have the confidence to do so. The key demographic is millennials who increasingly connect with crypto as an asset class, rather than equities that tend to appeal to older generations.

Given a classic bell distribution curve, and the market growth experienced in 2017, we suggest that at least 500 million investors will invest by 2022. This could happen by 2020 if the market grows at the speed of late 2017 when Binance famously grew from 1 million users to 7.9 million users in 97 days.

SUMMARY

Dacxi is confident that the next market upcycle will be driven by two new investor groups — Institutions and Retail Investors. The two current types of exchanges are either too intimidating and / or lack the community, support and educational resources that Retail Investors need to confidently invest. The solution is a new category called the ‘Community Exchange’.

The Community Exchange category will empower and protect Retail Investors. Whilst they have high support costs, the margins achieved are higher than other exchanges.

A predicted 500 million Retail Investors will drive $1 trillion in exchange volume by 2022. And that’s how Dacxi will disrupt the current exchange market. We are pioneering the new community exchange category. We’re building an entire ecosystem. And the first MVP versions of each platform are either in beta, or already live. One of our strongest points of difference is that unlike most ICOs, the business is already in market. Everything is real, we just need customers now. And then we need to keep improving all platforms as fast as we can as we scale. Like we said, ultimately the goal is to solve the mainstream adoption problem. We’re going to onboard the next wave of mainstream retail investors into crypto!

Find out more on our platforms.

dacxi-ico.com

dacxiexchange.com

The recent plunge in the price of Bitcoin has caused a lot of panic and worry in the cryptocurrency community. Many beginner and non technical investors have started doubting the security of all the crypto exchanges and cryptos as a whole. The panic and doubts are understandable but not practically rational if you think about it. Negativity biased media houses and news blogs are to be blamed for this, where the articles are written and shot out blindly with the speed of light as soon as something goes wrong, which spreads like wildfire, causes ripples in the community and causes a dip. A good analogy of the said South Korean exchange hack would be to a bank robbery. The FBI reports that there are approximately 5000 bank robberies reported to them each year in U.S alone. Have we stopped believing in the security of banks thereafter? No! Because no bank can be always 100 percent secure, same goes for any Software application which will always have vulnerabilities. One exchange hack just means that the exchange owners need to step up their security games. So keep calm and scoop up some bitcoin from the dip, while it lasts! ;)

Isa is a self-described former Rockstar / diplomat and Hollywood lobbyist turned crypto expert. 🤓

Isa says crypto is the most interesting field he has ever worked in. He’s a crypto guy because, “Crypto is a representation of freedom.”

An absolute champion at UX design, Mel is our community tech lead. Mel is new to crypto but she’s learning fast and tells us, “I love the idea of going against big banking. Stick it to the man!” Told you she’s a rebel. 😎

The U.S. based Bitcoin marketplace and digital Wallet company, Paxful, is planning to setup a blockchain incubation hub in Nigeria. The company will be establishing the incubator mainly to offer networking and advisory services on Initial Coin Offerings (ICO), Corporate Blockchain training, and mentorship for Nigerian developers working with blockchain.

Blockchain technology is fast gaining wider acceptance  and steady growth across the length and breadth of the continent and the CEO of Paxful, Ray Youssef, is committed to fostering the growth of the technology as it will ultimately impact positively on the African peoples and helping the unbanked gain access to the huge opportunities they have been denied of for too long.

Nigeria has been selected as the base for its African blockchain incubation hub due to the popularity of Paxful in the country and also because of the country's successful start-up culture.

Education:

  1. the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectuallyfy2watww9aguedkp9xjpiesuugfssuqy.png
Promoted

Prior to mid-2017, new and innovative companies raised virtually no money from the Crypto World. Now, Initial Coin Offerings (ICOs) are becoming mainstream. What could cause the ICO phenomenon to grow by another order of magnitude?

In its ‘Venture Pulse’ review of the global Venture Capital (VC) landscape for 1Q18, global consultant KPMG noted that ICOs have ‘become more mainstream’ as a source of funding for start-up companies. This has been partly because the regulators in some countries - such as Japan and Switzerland - have supported ICOs. It is also because ICOs are widely regarded as being far easier to undertake than Initial Public Offerings (IPOs) through conventional stock markets.

There has indeed been an explosion in funding through ICOs. Coindesk’s ICO Tracker data indicates that there were usually only one or two ICOs per month globally, and never more than eight, through the three years to the end of 2016. There have been at least 50 per month since October 2017, and 78 in December last year alone. Prior to mid-2017, the norm was for less than US$15mn to be raised through ICOs each month. Some US$1,442mn was raised in December last year, followed by US$1,790mn in January, US$2,382mn in February and US$2,158mn in March.

Although some of these most recent numbers may have been inflated by private placements of crypto-coins to investors, the Crypto World has acquired a scale where it really could have an impact on VC markets - especially in relation to the funding of start-up companies. By way of comparison, KPMG noted in its report that ‘first time’ (i.e. mostly start-up) companies raised around US$3,000mn through 1Q18 in 635 deals.

The surge in activity in the Crypto World is even more extraordinary when you consider the eco-system on which it is based - or the lack of it. Most of the 200 or so crypto-exchanges are new, offer only a limited number of crypto-coins, and are not well equipped to handle ICOs. Worse, they generally serve investors in only one country and often operate in a regulatory grey zone. 

For all these reasons, there have not really been properly organised communities of investors. The activity that has taken place has overwhelmingly been due to first-time investors (or speculators) going to the crypto-exchanges, rather than being attracted to them. There are undoubtedly plenty of Crypto-VC entrepreneurs. However, they do not constitute an established community, linking scientists, innovators and financiers, like the cluster in the United States’ Silicon Valley.

Now, imagine what could happen if someone could address these problems simultaneously - producing a Crypto World with efficient and regulated exchanges, informed retail investors and proper clusters of Crypto-VC entrepreneurs…

If you’re born in 2018 you’ll never use paper money.

Baby Boomers: 1946 – 1964

Generation X: 1965 – 1977

Millennials: 1978 – 1995

Generation Y: 1996 – 2017

Generation CRYPTO: 2018 -

The year is 2018. Donald Trump is the current president. Every day it becomes increasingly likely that Kanye West will be the next. Jet-packs are not yet ubiquitous but self-driving electric cars are. Our private living spaces are being invaded by emergent new alien life forms that come with names like Alexa and Siri. One day soon they will become sentient. 

Welcome to 2018. Newly created humans born in this year and beyond can be best understood as Generation Crypto. Cash money. C.R.E.A.M. Dollar dollar bills y’all. That shit is over. They will grow up a world where cash or paper money is phased out. Gradually, and then suddenly. Cash was king but in a digital world cash is no longer relevant. Traditionally there are precisely two use-cases for cash. Small, micro transactions such as buying coffee or tipping waiters. That’s one valid use case for cash. The second? Buying black market goods or paying for any transaction that you don’t want your family, government or bank to know about. Any other transaction you can use your credit card or bank account.

This is all about to change. As blockchains start to scale, and new technology such as the Lightning network on Bitcoin starts to mature, crypto micro transactions will become trivial. So trivial that it won’t make any difference whether you’re paying for your coffee or tipping your waiter in person or paying someone on the other side world to upgrade your particle oscillator communication device or micro-tipping someone online to thank them for being a good host in your VR world of choice. Payments for anything, big or small, will simply be more efficient on the blockchain. And banks? They just won’t be needed.

Those more delicate payments we mentioned? The ones you’d like to keep discrete and anonymous? Those will be facilitated by the next generations of the privacy orientated cryptocurrencies of today such as Monero, Dash and Zcash. The future is likely to be abundant in all kinds of vice, both physical and virtual. Vice means big business and the privacy cryptocurrencies of the future will be vast, unhackable and untraceable. 

The transition to this blockchain powered future is already underway. Look around and the signs are obvious. You might have noticed that teenagers, who have never known a world where it’s possible to not be online and constantly connected, are increasingly intolerant to incompetence and inefficiency. 

The old ways make no sense to them. This generation are spearheading the growing wave of digital banks that exist in the digital realm only. They have no staff, just a series of algorithms and AIs that have become so ruthlessly efficient it isn’t possible to tell if they are human or not. The Turing test? It has been passed.

Welcome then to Generation Crypto. The generation that will disrupt everything. Politics as usual is dying. Generation crypto will tokenise the world. Democrats and Republicans will be made irrelevant. Trump is the first wave of this. Kanye will be next. This is inevitable. Generation Crypto will ICO themselves into an overwhelming, unstoppable politically charged and culturally devasting tsunami of exponential change. Democracy itself will be put on the blockchain and for the first time in human history decision makers will be forced to have skin in the game. Generation Crypto is here and nothing will be the same again. 

Dacxi
Welcome to our group!
unknown
Ola! Go Dacxi!
Alexey
Hey!
IndieLudbrook
Hey Everyone!
Vix
#IAmDacxi
unknown
Heads up!
Dacxi
unknown
Haha! Cool. Love it. "It's all right, it's all right".😂
Dacxi
gonna keep getting them in action
Dacxi
they won't even know
unknown
Nice! 🙊
Vix
Mel can you take one showing Andrew how friggin industrious we are and our frequent flashes of genius!😬
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