Blockchain technology has been revolutionary to the financial sector. In just over a decade after the first blockchain platform launched, the technology has been successfully deployed to payment systems, startup fundraisers, decentralized financial services, and even digital ownership certification. Cryptocurrencies, decentralized finance (DeFi), non-fungible tokens (NFTs), and initial coin offerings (ICOs) have democratized finance. Many blockchains are isolated and non-interoperable, making it difficult to leverage features from one blockchain to the other.
What is DBX?
DBX Digital Ecosystem’s Value Proposition
Faster Transactions: Merchants and customers need an ecosystem that processes and settles transactions fast. DBX’s digital assets allow for faster settlement of transactions, with transactions confirmed in under 10 seconds. So, merchants can process payments and access funds faster. Also, customers do not have to wait long periods for their transactions to be confirmed.
Low Fees: Some blockchains charge hefty fees to process the transactions. Due to multiple factors like network congestion. As blockchain uptake surges, there is need to limit the cost of transferring digital assets. DBX’s digital ecosystem, powered by its native token $DBX, maintains low commissions on the DBX network, resulting in low transaction fees.
Anonymity: One major drawback of centralized finance platforms is that they are susceptible to censorship. Not so with DBX’s digital ecosystem. The DBX digital ecosystem tops the pseudonymity of blockchain to obscure transaction trails adding a layer of privacy for each transaction based on the Zerocoin Protocol. The platform’s architecture ensures transactions are not only censorship-proof but also 100% anonymous.
Security: Transactions on DBX are powered by its native $DBX token. The DBX ecosystem is built with fluidity across several blockchain algorithms. With the proof-of-stake consensus mechanism to secure transactions the system ensures that all peer-to-peer transactions are authentic and valid before settlement. DBX also deploys the ‘Quark’ algorithm to secure the protocol against cyber threats.
At its core, DBX is built to enhance convenience to users through cross-chain support. The ecosystem supports swap bridges allowing users to easily swap between cross-chain tokens like ERC20 to BEP20. So, users can leverage the features of various tokens and participate in projects on multiple blockchains.
Investing in DBX
The main goal of DBX is to enter the World Exchanges as a digital monopoly game with its own digital tokens for use within the system.
DBX is developing digitally native venture projects to support and promote the $DBX token. Among the products of DBX are a digital marketplace and digital betting and gambling platform. The platform also plans to roll out a platform to build flexible blockchain-based smart applications, launching new products to meet the community's demands.
$DBX TokenomicsEthereum
DBX Projects
The digital ecosystem projects to roll out fully in the next 2 years. The DBX team will roll out the infrastructure to 18 exchange cities, providing the institutional investors with a dedicated ATM network, works in sync with the platform’s two flagship products; crypto-bank and investment fund.
Investment fund: This product will help users to build their digital asset portfolio through high-precision capital management. The fund will strengthen the $DBX token growing, users’ investments.
Crypto-banking: DBX’s crypto-banking is a financial platform focusing on crypto assets that will allow transfers within and beyond the DBX ecosystem. This platform opens more possibilities for fiat withdrawals and deposits across supported exchange capitals worldwide.
DBX Roadmap
Below is the planned roadmap:
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DBX is a new digital platform building a monopoly of the digital future, through dedicated interoperable venture projects with trading indices, diversifying assets within the system.