The Dacxi Chain is an interesting blockchain project, under development since 2017 and set for launch in early 2023 as market acceptance for tokenization in the mainstream has arrived.
This application of tokenization of financial assets is predicted to be one of the ten largest applications. This review will delve into what exactly the Dacxi Chain is, the problem it aims to solve, and what this means for investors (and the world at large).
What is the Dacxi Chain?
The Dacxi Chain is a global crowdfunding ecosystem enabled through the application of blockchain technology.
To be able to raise capital globally and for people to invest in global opportunities, the shares in companies are ‘tokenized’ to form secure digital ownership and then payment is made through a global cryptocurrency based solution.
Working with locally licensed crowdfunding platforms, Dacxi Chain creates a decentralized ecosystem and solves the inherent problems of early stage funding by building a massive global pool of investors, and gives everyday people the chance to invest in game-changing ideas.
For entrepreneurs, it means access to a level of funding that was previously out of reach for a majority of businesses around the world – particularly those based in developing nations.
Complex and sophisticated, the Dacxi Chain will eventually cater to the many languages, currencies and highly localized financial regulations of the world. It is being built to withstand millions of investors, and thousands of investment opportunities from all over the world.
What is the Dacxi Chain’s potential market?
There appears to be a significant gap in the crowdfunding market, which tokenization could fill. This hasn’t only been identified by the Dacxi Chain team.
Large and respected players such as IBM have also seen the potential – with IBM’s blockchain project identifying tokenized crowdfunding as a potentially trillion-dollar market (they’re on record saying this could happen in just five years). The developers of the Dacxi Chain hope to gain a big share of this big market.
What challenge does the Dacxi Chain solve?
The challenge of crowdfunding to compete with Venture Capital is scale. Having large enough investor bases to be able to attract and fulfill the investment expectations of potential capital issuers.
This is especially important for the companies that operate outside of the main investment hubs in countries like the USA and UK.
Dacxi Chain solves the scale and access to scaled investor pools through blockchain by building a global ecosystem.
The Dacxi Chain has its own native cryptocurrency, called Dacxi Coin. Dacxi Coin essentially powers the Dacxi Chain, and is responsible for all local and global payment transfers, blockchain fees, node staking, and more.
So how does the Dacxi Chain actually work?
The Dacxi Chain’s own comms highlight the numerous technological processes that had to be pioneered from scratch in order to create the sophisticated ecosystem.
After all, a global ecosystem of blockchain investment platforms and the aggregation of a worldwide investor pool is no small task.
The Dacxi Chain involves a unique three-layered tech stack, created by the developer team. The team themselves describe the sheer scale of the Dacxi Chain as the most difficult aspect of the project.
However, after years of work, they believe they have created a network that can process thousands of investment opportunities, millions of investors, hundreds of countries, languages, and currencies.
Here’s a breakdown of the three-layered stack:
- The Application Layer: a non-blockchain system responsible for launching investment opportunities and sharing deal information.
- The Transaction Layer: the ‘crypto layer’ responsible for the tokenization of company shares and the making of payments in Dacxi Coin
- The Blockchain Layer: responsible for the record of ownership of tokenized shares, cryptos, all transactions, and the processing of other core ecosystem functions.
The Dacxi Chain’s blockchain features
At its core, the Dacxi Chain is a blockchain project. It relies on the technology’s unique features to jump over a number of obstacles that traditional crowdfunding has failed to cross.
One of the most critical blockchain features to be utilized by the Dacxi Chain is the ability to conduct trustless transactions through the use of smart contracts. This is the full list of blockchain features, as described on the Dacxi Chain’s own website:
- Trustless equity custody
- Tokenization of equity ownership
- International investor [KYC] verification
- Cryptocurrency based international payment solution
- Trustless transaction solutions
- Trustless share registry solutions
- Network of tokenized Secondary Exchanges
What’s the Dacxi Chain’s competitive landscape?
There are currently no competitors in global crowdfunding as Dacxi Chain pioneers this world yet they will emerge probably through a centralized solution of current large crowdfunding companies looking to do a ‘facebook’, ie build one dominant global brand. Many crypto based companies talk of going ‘global funding’ through the ICO process yet these do not have the local securities licenses needed to be credible [or legal!]
The Dacxi Chain conclusion
The Dacxi Chain could mean big things for entrepreneurs and investors who seek to support them.
Tokenization could have the power to democratize early stage funding, and open the door to a huge global source of funding previously unavailable to entrepreneurs.
And in turn, a massive source of financial opportunities previously unavailable to investors. It could be crowdfunding on a genuinely global scale, the likes of which we just haven’t seen before.
The Dacxi Chain cleverly applies blockchain tech to solve many of crowdfunding’s biggest pain-points. With trustless transactions and shares tokenization, it introduces far more liquidity to the early stage investing space.
More liquidity, more ease, more scale, more buzz, more investors, more innovation. What more could the world want?
How to get involved with the Dacxi Chain
Visit dacxichain.com to register for regular updates. You can also choose to buy Dacxi Coin (the Dacxi Chain’s native cryptocurrency). Dacxi Coin is available to purchase on the Dacxi Chain website, ConsBit, HitBTC, BitForex, and Uniswap.
