The dxDAO aims to facilitate open trade of anything of value. It will develop, deploy, and govern decentralized trading protocols and platforms, such as the DutchX exchange.
The dxDAO aims to facilitate open trade of anything of value. It will develop, deploy, and govern decentralized trading protocols and platforms. The first decentralized exchange that the dxDAO will deploy is the DutchX—an open trading protocol for ERC20 tokens using the Dutch auction mechanism to determine a fair value for tokens. The protocol mitigates many harmful trading practices such as front-running, low liquidity, and third-party risk. You can find all information and documentation about the DutchX here.
Built on the DAOstack governance protocol, the dxDAO is a purely community-owned Decentralized Autonomous Organization (DAO). Users of the DutchX, or anyone interested in the governance of the first fully decentralized exchange, will soon be able to submit proposals around governance questions relating to the DAO itself, or the DutchX protocol.
As part of a distributed network of contributors, traders, market makers, and community members will soon have the opportunity to participate in a collective decision-making process around listing tokens, managing fees, updating the protocol, and more! In fact, users of the DutchX will become owners of the exchange, and be rewarded according to their value contributed.