What Is D.P.Monks Finance (XDX)?
D.P.Monks Finance is a company that is building a multi-use currency called XDX (XDX). The currency is being developed to support three applications over a two-year period: an NFT exchange, an analytical app, and a GameFi platform for augmented reality and virtual reality. XDX is built on the XRPL and has a total fixed supply of 10 billion tokens, with 8.5 billion tokens distributed over a two-year period beginning in November 2021.
The unique selling point of XDX is its deflationary value, which is designed to increase over time as it is interconnected with the three platforms. The currency will be used as a means of payment and reward for users of the platforms, and XDX holders will qualify for airdrops of native application tokens built by D.P.Monks Finance Ltd in the future.
The company aims to make the crypto market more accessible to new entrants and to expose fraudulent elements in the industry. D.P.Monks Finance sees XDX becoming a token synonymous with accreditation and access to a plethora of academic material and valuable insights from experts in the crypto industry.
Who Are the Founders of D.P.Monks Finance?
Daniel Monks is the founder and CEO of D.P.Monks Finance, with skills in financial analysis, analytical skills, cryptocurrency, project management, and blockchain.
What Makes D.P.Monks Finance Unique?
D.P.Monks Finance aims to provide a unique approach to cryptocurrency by introducing XDX, a multi-use currency for various applications. The company is currently building three applications over a two-year period: an NFT exchange, an analytical app, and a GameFi platform. XDX is designed to have an increased deflationary value that's interconnected with these three platforms.
Additionally, the company emphasizes the education and accessibility of cryptocurrency to new entrants. The analytical app, for example, offers free practicing and technical trading where traders can gather information to develop trading strategies from analysts. These analysts will receive payment from traders in the form of XDX, whereas beginners can learn for free.
D.P.Monks Finance also aims to provide transparency and legitimacy to the cryptocurrency market by exposing fraudulent elements and providing a truly decentralized financial system that is free of manipulation or intrusion of regulators.
D.P.Monks Finance's NFT marketplace is called RaDical-X. It is built on the XRPL and is designed to provide users with a simple and user-friendly platform to buy, sell, and trade NFTs. The platform aims to bring transparency and security to the NFT market by leveraging the decentralized nature of blockchain technology.
RaDical-X allows creators to mint their own NFTs and list them for sale on the marketplace. It also allows buyers to browse through a wide selection of NFTs and purchase them using XDX, the native currency of the platform. The marketplace offers a wide range of NFTs, including digital art, music, collectibles, and more.
In addition to being a platform for buying and selling NFTs, RaDical-X also provides tools and resources for creators to mint and promote their own NFTs. The platform offers customizable templates for creators to design their own NFTs, as well as marketing and promotion tools to help them reach a wider audience.
Overall, RaDical-X is an innovative NFT marketplace that seeks to bring a new level of transparency and security to the NFT market. By leveraging blockchain technology and the decentralized nature of the XRPL, RaDical-X is helping to build a more accessible and fair NFT market for creators and buyers alike.
D.P.Monks Finance is also developing a GameFi platform that will utilize XDX as its currency. The platform will offer augmented reality and virtual reality gaming experiences where players can earn, buy, sell, and trade in-game items and virtual assets using XDX. The GameFi platform aims to bring a new level of immersion and interactivity to gaming by creating a metaverse that blends virtual and real-world elements.
The platform will also offer players the opportunity to stake XDX and earn rewards for participating in various activities, such as completing quests or winning battles. Additionally, players will be able to participate in governance and vote on key decisions related to the platform's development.
D.P.Monks Finance plans to leverage its expertise in blockchain and cryptocurrency to create a secure and transparent gaming platform that provides players with a seamless and engaging experience. With GameFi, the company aims to bring the benefits of decentralized finance (DeFi) to the gaming industry and provide gamers with a new way to engage with their favorite games.
D.P.Monks Finance's Analytical App is designed to be an analytical application that allows users to practice trades, gather information from analysts, and develop trading strategies without having to pay any fees or suffer financial losses.
Users will be able to partake in practice trades free of cost or loss and will have access to valuable insights from analysts, which they can pay for using XDX, the currency of the application. Beginners will be able to learn for free and gather information to develop their trading strategies from experienced analysts.
The application also features analytical tools and charting tools, as well as a news feed and trading forums/chat groups, all designed to assist users in their trading efforts.
D.P.Monks Finance intends to release the Analytical App after the NFT Exchange and GameFi projects. It is one of the three applications that the XDX token is designed to serve as a currency for.
What purpose does D.P.Monks Finance (XDX) serve?
D.P.Monks Finance has designed the XDX token to serve as a currency for three applications they are currently building over a 2-year period. These applications are:
NFT Exchange: XDX will be used as a medium of exchange for buying, selling, and trading non-fungible tokens (NFTs) on D.P.Monks Finance's NFT exchange platform.
Analytical App: XDX will be the currency for an analytical application that allows users to practice trades, gather information from analysts, and develop trading strategies without having to pay any fees or suffer financial losses. Analysts will receive payments in XDX, whereas beginners can learn for free.
GameFi: XDX will be used in an augmented reality/VR gaming platform as a medium of exchange for buying, selling, and trading in-game items and virtual assets.
Furthermore, XDX holders will qualify for airdrops of native application tokens built by D.P.Monks Finance Ltd created in the future. This will decentralize tokens into the community quickly on future project launches.
Blockchain: XDX Token is built on the XRPL (XRP Ledger).
Total Fixed Supply: 10 Billion XDX Tokens.
Total Distribution: 8.5 Billion XDX Tokens (85% of the total supply).
Distribution Start Date: November 25, 2021.
Tradable on Opening: 0.5 Billion XDX Tokens (5% of the total supply) were made available for trading initially.
D.P. Monks Finance Holdings: 1 Billion XDX Tokens (10% of the total supply) held by D.P. Monks Finance Ltd.
Utility: XDX Tokens are used in applications built by D.P. Monks Finance Ltd. They aim to expand the token's use beyond their own products, including more exchanges, public voting on Flare Networks, usage as a currency in gaming (VR/Metaverse), and as a medium of exchange on XRPL for NFTs.
Airdrops: XDX holders will qualify for airdrops of native application tokens built by D.P. Monks Finance Ltd in the future. This is to decentralize tokens into the community quickly upon the launch of future projects.
Please note that XDX tokens are not directly connected to D.P. Monks Finance Ltd and can function as an independent token without the company's efforts.
D.P.Monks Finance Company
D.P.MONKS FINANCE LTD is a private limited company with share capital, engaged in business support service activities not elsewhere classified (SIC code 82990). It was incorporated on December 2, 2020, making it approximately 2 years and 9 months old. The company does not have an associated website. As of December 1, 2022, the confirmation statement was last made, and the latest available accounts are up to December 31, 2021.
In terms of financials, D.P.MONKS FINANCE LTD holds £302 in cash, with a net worth of £567.3k. Its total liabilities amount to £52.5k, resulting in net assets of £567.3k. This information provides an overview of the company's financial standing and activity.
Read more about. D.P.Monks Finance XDX
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Visit D.P.Monks Finance Website.
How Many XDX Are There in Circulation?
There is an initial maximum supply of 6,514,344 XDX tokens, of which an estimated 7,042,720,172 are currently in circulation as of September 2023.
Where Can You Buy XDX?
XDX is a token trading on the XRP ledger DEX, the most straight forward way to acquire XDX tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase XDX, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the D.P.Monks Finance ecosystem and any upcoming updates, we suggest you follow @DPMonksFinance on Twitter.