DXdao PriceDXD

What is DXdao (DXD)?

DXdao (DXD) is a decentralised collective that builds and governs DeFi protocols and products. Launched on July 8, 2020, it operates as a community-driven organisation focused on developing, governing, and growing decentralised finance tools. The project is built on the Ethereum ecosystem and is also present on Arbitrum. DXD is an ERC20 token categorised under DeFi and Governance tags. The total supply stands at approximately 148.97K DXD, with a self-reported circulating supply of 49.32K DXD. The project is in an active development and governance phase, maintaining a suite of live products while continuing to expand its ecosystem.

Key Specifications & Tokenomics

• Name: DXdao
• Symbol / Ticker: DXD
• Token Type: ERC20 token, categorised as a Token, not mineable
• Consensus Mechanism: Not mineable
• Algorithm: None
• Launch Date: Jul 8, 2020
• Blockchain / Ecosystem: Ethereum Ecosystem, also present on Arbitrum
• Ethereum Contract Address: 0xa1d65e8fb6e87b60feccbc582f7f97804b725521
• Arbitrum Token Contract: 0xc3ae0333f0f34aa734d5493276223d95b8f9cb37
• Total Supply: 148.97K DXD
• Self-reported Circulating Supply: 49.32K DXD
• Max Supply: Not specified
• Holders: 1.23K
• CertiK Rating: 3.4
• Website: dxdao.eth.link

Who created DXdao?

DXdao's initial members were seeded through a one-month process during which over $20 million in ETH and other tokens were staked, and more than 400 addresses received Reputation. Detailed public information about individual founders or a formal founding team is currently limited. The project emphasises its decentralised community origin, with governance power distributed through Reputation rather than traditional corporate structures. This seeding process established the foundation for DXdao's community-driven governance model.

How does DXdao work?

DXdao operates as a decentralised collective that develops and governs DeFi protocols and products. Governance is managed through a Reputation-based system, where initial members received Reputation through the seeding process. The collective maintains and governs several products, including Swapr, a governance-enabled automated market maker; Omen, a prediction market platform; Mesa, a front-running resistant decentralised exchange; and Rails, a Layer 2 payment portal. DXdao also governs DMM and maintains the DutchX trading protocol. The DXD token functions within this ecosystem, with smart contracts deployed on Ethereum and Arbitrum enabling participation in the decentralised governance and product suite.

What makes DXdao unique and valuable?

DXdao distinguishes itself through its collective approach to building and governing decentralised products and services. Rather than relying on a centralised team, it uses a Reputation-based governance system that originated from a broad seeding process involving over 400 addresses. Its product suite addresses multiple DeFi verticals: prediction markets through Omen, governance-enabled AMMs through Swapr, front-running resistant DEX functionality through Mesa, and Layer 2 payments through Rails. The project's multi-chain presence on Ethereum and Arbitrum, combined with its governance tag and DeFi categorisation, positions it as a community-owned infrastructure provider in the decentralised finance space.

What is DXdao used for?

DXD serves as the token within the DXdao ecosystem, which is categorised under DeFi and Governance. The token is associated with the collective's governance processes and its suite of decentralised products. DXdao governs DMM and maintains the DutchX trading protocol, while its product suite includes Omen, Swapr, Mesa, and Rails. The token is present on both Ethereum and Arbitrum networks, with contract addresses available for both chains. Holders can participate in the ecosystem's governance structure, which is built around Reputation earned through community participation and staking.

How Is the DXdao ecosystem developing?

The DXdao ecosystem features a suite of live products including Omen, a prediction market; Swapr, a governance-enabled AMM; Mesa, a front-running resistant DEX; and Rails, a Layer 2 payment portal. Additional products referenced include Mesa.eth as a frontend to the Gnosis Protocol, Omen.eth as a prediction market platform, Mix.eth which is in development, DMM which is governed by DXdao, and the DutchX trading protocol which DXdao maintains. The project has expanded to Arbitrum alongside its Ethereum deployment. With 1.23K holders and a CertiK rating of 3.4, the ecosystem continues to develop its decentralised product offerings and governance infrastructure.

How to mine DXdao?

DXdao is not mineable. The token has no mining algorithm and operates as an ERC20 token on Ethereum with a presence on Arbitrum. There is no proof-of-work mining mechanism associated with DXD. Community participation and governance are structured around Reputation, which was initially distributed through a seeding process rather than through mining. Those interested in acquiring DXD typically do so through available market channels rather than through mining or staking rewards, as the token's consensus mechanism is listed as not mineable with no algorithm.

How to keep your DXdao Coin safe?

To keep your DXD tokens safe, use wallets that support ERC20 tokens on Ethereum and Arbitrum networks. Since DXD exists on both chains, ensure you are interacting with the correct contract address for your intended network. Store your tokens in a reputable wallet and safeguard your private keys and seed phrases. Verify contract addresses before any transaction, using the Ethereum contract address 0xa1d65e8fb6e87b60feccbc582f7f97804b725521 or the Arbitrum token contract 0xc3ae0333f0f34aa734d5493276223d95b8f9cb37. Blockchain explorers such as etherscan.io can be used to verify transactions and token details. Always exercise caution and conduct your own research before interacting with any smart contract or platform.