XDX Token: What is it?
The XDX token is the first cryptocurrency created by D.P. Monks Finance LTD on the XRPL that first began trading (XDX/XRP) in November 2021
The company was Founded in December 2020, D.P. Monks Finance is a company based in the UK that finances, designs, and produces cryptocurrency-related projects, applications, and services.
The objectives encompass the use of blockchain technology to develop centralised and decentralised applications (dApps) along with generic apps in the cryptocurrency field so as to meet the demands of the people entering this realm. It plans to do so by first introducing its own cryptocurrency (XDX) as a usable currency of value and utility for any platforms and all applications the company develops and/or designs.
All projects and applications are codenamed in ’XD’s, this is to maintain security before the platforms launch due to their disruptive nature as extremely low cost and low fee applications. On launch of new applications XDX token holders will receive airdrops for native tokens used on future platforms.
What makes it unique?
- Project XD1. A NFT exchange, which is built on the XRPL and features XLS-20 coin minting capabilities and will be launched in Q2 2022 under the Codename Project XD1. A snapshot of XDX token holders’ wallets will be taken on XLS-20’s launch day and a FREE NFT (XDX AVA) will be dropped into decentralised wallets to celebrate Project XD1. In NFT exchange, XDX will be used as a currency for transactions, with NFT trade values denominated in XRPL (0.00001). The XDX token will also be used for voting and trading features not available on traditional NFT exchanges;
- Project XD2. XD2 is the second project described in the company’s white paper that will launch in Q3/4 of 2022. It’s an analytical application that involves exchanging the value of information using the XDX tokens. Its platform offers participants free access to this application. The free education provided by the platform allows you to learn and practice technical trading predictions, and as a result you can be paid by traders for your technical analysis, improving your position on the platform for more people looking to use your analysis. On launch day of XD2 application, there will be an airdrop for utility tokens into XDX holders’ decentralised wallets;
- Project XD3. Information is currently confidential. This is a play-to-earn application that uses XDX tokens, NFTs, and augmented/virtual reality. It’s scheduled to launch in 2023.
XDX is available for trading on the P2PB2B exchange. If you are interested in this project, you can join its community.