Many people are eager to get a DDX coin. What is DDX? How do I get a DDX coin？The full name of DDX is dietbitcoin, dietbit. It operates using peer-to-peer technology without the need for a central authority or bank; the management of transactions and the issuance of dietbits are carried out jointly by the network. DiTeB Coin is open source, its design is public, no one owns or controls the tick tick coin, everyone can participate. Through a number of unique properties, DiTeB coins allow for exciting uses that cannot be overridden by any previous payment system.
DiTeB coin uses a block chain that is not controlled by any third party and government agency. It is open source and allows for added security. All transactions are recorded on the Blog Stand, which is decentralized and distributed over a global computer network.
You can store dietbits on your desktop, laptop, server, android wallet, iOS wallet, mobile device, hardware wallet or cloud.
As long as you are connected to the internet, you can quickly and easily transfer DiBitcoins to anywhere in the world. DIETBITE coins can be received through any DITEBIT coin address.
Some Facts about DerivaDEX
DerivaDEX is a decentralized derivatives trading protocol based on Ethereum, which has the autonomy that traditional derivatives exchanges lack (DDX adopts DAO to govern operations from the first day of its launch) and security (can resist single point of failure and censorship issues) ), with the real-time convenience of the order book transaction method and the transaction reliability of on-chain settlement.
DerivaDEX was founded by Aditya Palepu, a former quantitative trader at quantitative trading firm DRW, and Frederic Fortier, a former senior software consultant at Enigma MPC. Since its establishment, it has received $2.7 million in venture capital from crypto investment funds such as Polychain, Dragonfly and Three Arrows Capital, Coinbase Ventures, and CMS Holdings, as well as individual investors such as Compound Strategy Director Calvin Liu and well-known cryptocurrency researcher Phil Daian. , and hired the leading blockchain economic model consulting and auditing agency Gauntlet as a consultant.
Since the launch of Insurance Mining on December 5, 2020, the total lock-up volume has reached US$50.21 million so far, ranking 54th in DeFi (DeBank data), and 149th in market value of application token DEX (CoinGecko data).
Earn DDX Through Insurance Fund Mining
On December 5, 2020, insurance fund mining was launched as the first module of DerivaDEX, aiming to attract foreign stablecoins to flow into mortgages, and include some transaction fees, the spread between the liquidation price and bankruptcy price of derivatives in real-time transactions into insurance funds , to reasonably protect the profit and loss of the winning side of derivatives trading, which is an important part of any exchange that provides leveraged products and other derivatives, the insurance fund mining continues until the 2,102,400th block of Ethereum, about 1 year. Users can deposit stablecoins USDT (ERC20), cUSDT, USDC, cUSDC, HUSD and GUSD through the website to participate in obtaining DDX.
Practical Value Analysis
DDX buying mainly comes from:
1. Liquidity mining.
2. Governance of DerivaDAO and project operation of DerivaDEX.
DDX selling mainly comes from:
1. Liquidity mining within one year and unlocking and cashing of liquidity mining within ten years.
2. Cash out of the team and the DerivaDAO Foundation.
3. Unlock and cash out for investors and advisors.
How to Determine When to Buy DDX
We need to meet the following specific conditions:
1. The K line continued to fall, while the third line of the DDX indicator went up, forming a divergence from the stock price.
2. It crossed the 13-day moving average on the 5th.
3. The K line breaks through the first resistance level.
A Lighter and Faster Alternative
At present, DerivaDEX has received $2.7 million in financing. Investors include: Polychain, Dragonfly Capital, Three Arrows Capital, Coinbase Ventures, CMS Holdings and other crypto investment funds and individuals. DDX has the following major features: 1. Adopting a trusted execution environment to resist single point of failure and censorship problems. 2. Has an open order book and on-chain settlement functions. 3. The liquidity mining model can motivate everyone to participate in the governance and operation of DerivaDEX. As a “hard fork” of the Bitcoin network, DDX aims to be a lighter and faster alternative to Bitcoin. It is also named after it.
According to the Diet Bitcoin website, the total supply of DDX tokens is 1 million and will be split into 3 separate sales. The first 300,000 DDXs are priced at $50 ($2 discount for a limited time), the mid-term 300,000 are $100, and the late 300,000 is $1,000.
Daniel Reitberg, the company’s chief operating officer, said that interested people can go to the www.dietbitcoinICO.org website to buy according to their ability. Although the current price is 4000 times cheaper than Bitcoin, it will be on par with Bitcoin in the future.
To sum up, this article introduces some basic knowledge of DDX, how to get DDX coin and some related content. Some of our views may not be absolutely accurate and are provided for your reference only. If you find it useful, please share it with your friends.
