ICO Analysis: DxChain
Published 44 mins ago
on July 29, 2018
By Kent Hamilton
https://hacked.com/ico-analysis-dxchain/TeamThe team is solid and brings experience and expertise in business, blockchain, finance and marketing – all of which are necessary for the success and completion of this project. The complete list of team and advisors can be found on their website. However, below are a few noteworthy team members and advisors.
Allan Zhang: Co-Founder and dxpert in blockchain and network security. Founder of Trustlook and a serial entrepreneur.
Taosheng Shi: Blockchain Engineer and former innovation manager and principal system architect at NOKIA; 10+ years experience in distributed system research and development.
Wei Wang: Co-founder & Chief Scientist; former Principal Scientist at AT&T research on blockchain technology. Principal Scientist at Hortonworks research on big data and artificial intelligence.
AdvisorsLeo Wang
Founding partner – PreAngel Fund
Currently manages over 1 billion CNY in assets
Invested in 300+ startups from the US and China
Angel investor in NEO and ObEN PAI
Fan Zhang
Founding Partner – Sequoia Capital China
Director of DFJ ePlanet Ventures
Forbes annual China’s Midas List – ranked as one of the leading venture capitalists
VerdictThere is an amazing growth opportunity in the big data market and DxChain aims to capitalize on it. Along with the strength of the team, recent MVP release and growing social media presence, Dxchain is positioning itself to do just that.
Risks There are multiple competitors in this space with some being much further along in their development such as SONM and Golem. -1.75
The main network isn’t scheduled for launch until Q4 2019 which could deter some impatient ICO investors in this fast-paced market. -1.5
Growth Potential Their website lists 32 investing partners such as Node Capital, Signum Capital, and PreAngel. DxChain has also established a working partnership with QuarkChain. +4
The DxChain team has done a decent job marketing their ico thus far. Their Twitter and Telegram numbers signify good social engagement which helps attract ICO investors and can build hype if they keep the momentum going. +2.5
Having an MVP or prototype is a significant positive for ICO investors. DxChain recently released a video of their MVP Alpha, Rocky Mountains, which can be viewed here:
https://www.youtube.com/watch?v=RvFtJrRrUv8&t= +3.5
DispositionWith multiple positive factors in place – excellent financial backing, partnerships, MVP and strong team/advisors, DxChain has potential amongst ico investors for a solid ROI. DxChain receives a
6.75 out of 10 rating.