One of the most exciting new developments in crypto is the emergence of a new category of exchange called a “community exchange”. New global fintech company Dacxi is the first mover in this category. Dacxi’s goal is to be the number one community exchange brand in crypto and if they can achieve this, they’ll help solve the mainstream adoption problem. Dacxi wants to onboard the next wave of mainstream retail traders into crypto and that means up to 500 million new customers and a market worth $1 trillion by 2022.
The company is moving fast and is already on the market. Beta versions of the ecosystem platforms (Dacxi Exchange and the Dacxi Community) are already live with an ambitious roadmap of upgrades planned. Dacxi is focused on providing its users with the best in class customer experience. The exchange design will focus on simple UI with a fast matching engine for a seamless exchange experience. It’s the same with the Dacxi community platform. Formal and informal learning opportunities will empower new crypto traders so they can avoid the pitfalls common to new entrants to the space.
While it’s true that crypto exchanges experienced dramatic user growth in 2017, to date only 0.5% of the world’s population have purchased crypto assets. If crypto is to achieve mainstream adoption, new traders will need knowledge and the right tools to buy confidently. Tim Baxter, Dacxi COO says, “The problem for first-time buyers is that the barriers for entry to crypto are too high. Crypto’s learning curve is steep and current exchange interfaces are too technical and intimidating for the average person. Current exchanges don’t provide the support, community, and educational resources that new customers need. Dacxi will solve this.”
Dacxi believes new retail customers need a community-focused exchange ecosystem that provides the support and education that the industry currently lacks. Dacxi’s Head of Community Vicky Barker says, “Everything starts with people. We are focused on building the world’s number one global crypto community. The community is live now and built on a scalable platform that can support almost any functionality. As well as user-generated social media content and a Coinpedia containing an objective analysis of the top crypto assets, we’re building a Dacxi Learn platform. Our community members can complete module-based courses to learn everything they need to know to buy crypto safely and responsibly.”
Dacxi believes that a third platform is required to create a truly effective mainstream retail ecosystem. This is provided by Crypto-VC, a platform that aims to revolutionize the ICO market through a patented process that will produce a stream of high-quality opportunities for the Dacxi Community and new listings for the Dacxi Exchange. The synergy between the three platforms (the Exchange, the Community, and Crypto-VC) is designed to create exceptional business outcomes and superior user experience for Dacxi customers. The DAC Coin is the community building crypto coin that links the ecosystem together.
Another advantage that Dacxi has is that the DAC Coin is an exchange coin. Exchange coins listed by other leading crypto exchanges such as Binance, Kucoin, and IDEX have performed well and Dacxi expects DAC to do the same. Dacxi’s Head of Exchange Marketing, Michal Jerabek says, “The DAC Coin has all the benefits of an exchange coin and more. The purpose of the DAC Coin is to incentivize and fund the growth of the membership of the Dacxi ecosystem. We have the usual bounty and affiliate programmes, but DAC Coins have many use cases and benefits including access to premium community services and rewarding content creators in the Dacxi Community. And people who hold 10,000 DAC coins or more, go into what we call the Inner Circle. This means that you get a 25% reduction in fees on the Dacxi Exchange and access to exclusive pre-ICO opportunities brought into the Dacxi ecosystem via the Crypto-VC. We believe this will be a huge growth driver as it will allow people to easily and simply order high-quality ICOs.”
And like other exchanges, Dacxi has a plan in place to reduce supply and grow the value of the DAC coin over time. 70% of Dacxi’s profits from across the ecosystem will go into buying back DAC Coin quarterly and burning them, thus reducing the amount in circulation until only 50% remain.