The highly anticipated Ethereum-based “stock” exchange, DX, launched this week! Despite the vast enthusiasm for the project, problems were immediately discovered regarding the company’s security. The launch on January 7th was only a soft launch, but traders aren’t pleased with the lack of security the platform has initially provided.
Ethereum-Based DX.Exchange Flaws
And we are finally live! Welcome to https://t.co/gavrexaT1d! Register now to start trading! #exchangeyourway pic.twitter.com/QN1joUR6SE[1][2][3]
— DX.Exchange (@DXdotExchange) January 7, 2019[4]
At launch, the exchange reported a few outages as the site couldn’t handle the traffic that was being brought to it. What intrigued most investors was DX’s promise that it would have major tech stocks like Apple and Tesla on the exchange from the start. To bypass US security laws, the Ethereum-based exchange is not open to US residents.
However, DX’s CEO and co-founder recently just made claims[5] that the exchange will hit the US sometime this year. How they will get that approved by the SEC is beyond me. Especially considering the public companies being listed on the exchange don’t benefit whatsoever from the listing.
DX’s soft launch exposed an array of issues with the platform that investors weren’t pleased with.
Ouch that one looks bad!!!!!
FA analysis = pretty basic for 2019.
TA = not enough data yet.
Mcap = heavily over valued.
I’d be looking to dump that one for something with way way way better risk:reward. You’ll be lucky to hit a 300% on that during #altszn[6].— JESSE ℂOUℂℍ (@jessecouch) January 7, 2019[7]
An anonymous trader told CCN[8] that he created a dummy account of
