The latest on Dacxi Coin: November 2021
There are big moves ahead for Dacxi Coin. In early November we ran two Dacxi Coin Update webinars — and we’ve been seeing plenty of discussion within our community ever since. With that in mind, we’ve created another Dacxi Coin update. We’ll discuss the coin’s objective, where it’s at now, its potential, and the exciting developments in store in the near future.
What is Dacxi Coin’s objective?
The aim is to be a globally traded crypto-currency supporting the development of a global network of Crypto-Wealth platforms and the Dacxi Chain, a global tokenized crowdfunding system.
Dacxi Coin has two clear and important use-cases:
- To pioneer customer acquisition (2017–2021)
- To power the Dacxi Chain (from 2022 onwards).
As the Dacxi Chain’s native currency, Dacxi Coin will become a globally traded crypto-currency. Every Dacxi exchange will trade Dacxi Coin, while external listings will play an important role in verifying its price and value. That means continuing to add to our listings on external exchanges is crucially important.
In trading Dacxi Coin’s key objective is to achieve Top 100 market capitalization status on Coinmarketcap.com. In a market of over 14,000 coins, this will be a major achievement.
What is Dacxi Coin’s potential?
We believe Dacxi Coin has the potential to become one of the world’s Top 50 Coins. Why? Because of the role it will play within our global tokenization crowdfunding system.
IBM predicts that the crypto asset-token market could be worth a staggering $24 trillion. Of that tokenized crowdfunding could be worth as much as $1 trillion. And that’s where the Dacxi Chain is poised to become a world-leader.
As part of our tokenized crowdfunding system, Dacxi Coin will be used as an international investment currency, for paying blockchain fees, for node staking, and as an exchange currency. All that means — even with as little as 1% market share — the Dacxi Chain’s tokenized crowdfunding system will require billions of dollars worth of Dacxi Coin.
Dacxi Coin’s price and liquidity
A coin’s price is driven by its trading liquidity. Trading liquidity is based on the number and size of a coin’s exchange listings, and the size of its trading community. The size of the coin’s trading community is based on the amount of buzz around a coin. Put simply, the higher the coin’s buzz, the higher its trading liquidity.
Recently, Dacxi Coin’s price has drifted lower to a floor price everyone wishes was higher. The reason for this drop is simple; the story surrounding the coin hasn’t built the buzz it needs. As the hype around tokenized crowdfunding climbs, so will the buzz around Dacxi Coin.
Dacxi Coin strategy
We announced Dacxi Coin’s core strategy in April 2021, and it hasn’t changed. Here’s a simple breakdown of each stage of the strategy:
Stage 1: Gain a Tier 3 listing — which we achieved in May, with Dacxi Coin’s listing on Crex24.
Stage 2: Continue to build liquidity with Tier 2 listings.
Stage 3: Gain the three CMC DATA exchange listings required to qualify for Top 200 status, with the goal of listing on Tier 1 exchanges. A listing on Binance — the world’s largest exchange — is our ultimate objective.
Where is Dacxi Coin currently listed?
Dacxi Coin is currently listed on six exchanges; four centralised, and two DEXs. Right now, we’re in talks with a number of Tier 1 and 2 Exchanges. Dacxi Coin’s monthly liquidity is in the millions.
Like most crypto concepts, the listing process is incredibly complex — made even more so by the unique conditions in the coin market and the ‘moonshot mentality’. Listing takes a great deal of time and effort. At Dacxi, we’re committed to putting in the hard work needed to make it happen.
The new ‘moonshot mentality’?
Crypto is in exciting times as the market continues its volatile upward trajectory. Financial organisations have announced their involvement in crypto. Public interest is soaring. And the ‘moonshot mentality’ is dominating the crypto space.
Beyond Bitcoin and Etherum, the ‘moonshot mentality’ is the single most important driver of the crypto market. A ‘moonshot’ is when a cryptocurrency’s value quickly skyrockets by 10, 20, or 100 times. When a coin moonshots, its trading community booms. The few coins which maintain momentum gain liquidity — and the attention of the top tier 1 and 2 exchanges.
In 2018–2020, moonshots were very rare. If they did happen, they quickly corrected. Then, in late 2020, the DeFi, Web3, DEX and NFT revolution hit. A large group of coins — including Polkadot and Chainlink — achieved ‘moonshot’ status. By mid-2021, a host of smaller coins and tokens joined them. Many of them were derived from public blockchains like Ethereum, Cardano, and Binance, and listed on DEXs.
So to attract the community and develop trading liquidity necessary to capture the attention of tier 1 and 2 exchanges Dacxi Coin must compete directly with moonshot coins.
The relaunch of Dacxi Coin
When Dacxi Coin was initially listed this year, the marketing focus had to be firmly on its Blue Paper. Dacxi Coin’s Blue Paper was aimed at long-term Crypto Wealth investors. And while this approach worked for the business, it wasn’t the kind of short-term ‘moonshot’ message that captures the crypto-trader’s attention.
With the launch of the Dacxi Chain all that will change. As the pioneer behind one of the most exciting new crypto-opportunities — tokenized crowdfunding — the Dacxi Chain is perfectly positioned for the moonshot buzz.
That’s why, in early December 2021, Dacxi Coin will officially be relaunched.
With a new website and a major global PR campaign, the relaunch is designed to grab — and hold — the attention of the crypto industry’s media and biggest influencers.
We can’t predict the relaunch’s results. But it’s expected that future demand for Dacxi Coin could be in the billions. As the currency powering the Dacxi Chain, Dacxi Coin’s use-case is one of the most promising crypto growth stories of 2022. And as a coin backed by a well-established company like Dacxi — which knows how to deliver — the sky is truly the limit.
The future of Dacxi Coin
In crypto, a coin’s story can and does evolve. Just look at Binance Coin. From 2017 to 2020, Binance Coin was seen as nothing more than a run-of-the-mill exchange coin. In January 2021, that all changed. Binance Coin was relaunched as the currency of the Binance Chain; a pioneer behind the Web3 revolution. Its price moonshot, climbing 40x in just three months. Today, Binance Coin is the third most valuable crypto in the world. And there’s nothing run-of-the-mill about it.
Binance — World’s leading Crypto-Trading Exchange
Binance Chain — Leading Public Blockchain Ecosystem
Binance Coin — Crypto-currency of Binance Chain
Dacxi Coin is poised to follow a similar trajectory. From 2017 to 2021, Dacxi Coin’s focus has been on Crypto Wealth. Now, it’s being repositioned as the hero crypto of the world’s first global tokenized crowdfunding system. As the cryptocurrency of the Dacxi Chain, its future is shooting for the moon.
Dacxi — World’s leading Crypto-Wealth Network
Dacxi Chain — Leading Tokenized Crowd Funding Ecosystem
Dacxi Coin — Crypto-currency of Dacxi Chain