The article discusses the Gen X project, a multi-chain ecosystem that offers decentralized applications and services in the DeFi space. Its goal is to create a secure space that ensures investment is not open to bad actors. The project promotes safety, education, and innovation while offering valuable services for all participants. The ecosystem includes a decentralized exchange, stake smart contract, multi-chain token locker, NFT project, and a real-world clinic for the community. Its token, DGNX, is backed by its base asset and provides an ever-increasing intrinsic baseline value along with on-chain Dow governance. The project is community-driven, with cross-chain interoperability, and a total supply of 21 million tokens.
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Introduction
Hey, what is going on? Welcome back to the channel. In this video, we’re going to be taking a look at the Gen X. I do want to say that I’m not a financial advisor and you should do your own research before investing money into crypto. Now as always, all the links are going to be down below in the description so feel free to check the websites out for yourself which I highly encourage you to do.
The Gen X
Dgen X is a multi-chain ecosystem that offers a suite of decentralized applications and services to provide solutions for projects and individuals in the D5 space. So basically, this is a D5 project or built for decentralized applications or people who want to use those applications. The D5 is the future of finance with new ideas being developed every day. Gen X is pioneering with new protocols and tools for both project developers and D5 holders. In order for Defy to reach a point of critical mass adoption, individuals should be able to participate in a space where they know their investment is invulnerable or isn’t open to bad actors.
Products
Moving further into the video, we are going to take a look at their website, some of their products, their roadmap, and their team as well. They are listed on Coin Market Cap, Coin Gecko, and Nomics and they do have multiple social media accounts like Twitter, Telegram, TikTok, Instagram, Discord, and Reddit. And now, let’s take a look at some of their products.
Deck Swap
They have a Deck Swap, which is a normal decentralized exchange. The Degen X token is a cryptocurrency token that powers the Degen X ecosystem.
Dao
A community of DJ or DG and X tokens get to be the governor of the D Gen X ecosystem that’s becoming true owners of the project. The Degen X bridge integrates blockchains to let individuals and projects move freely between chains.
Lock R
They have Lock R, which is the most advanced multi-chain token locker on the blockchain.
Stake X
The D Gen X stake X smart contract is a multi-chain staking for the Dgnx token.
Degen X Factor
Blockchain service for other projects willing to implement unique features or having token with intrinsic value.
NFTs
The Degen X NFT Project combines art and Degen mentality with our unique and advanced blockchain technology to bring you one-of-a-kind utility NFT experience.
D Gen X Clinic
The D Gen X Clinic will be a real world example of our community to meet in a resort-like environment to recover from other projects rock poles. If not used it could be rented out and payoff maintenance cost while profits feed our token value.
Tokenomics
Now moving over to the Tokenomics, they have one percent for burn, one percent for marketing, three percent for liquidity, two percent for backing, development gets two percent, and investment fund gets two percent. All transactions will be used in an investment fund for the growth of DGNX. Total Supply across multiple chains is 21 million tokens and liquidity backing.
Conclusion
D Gen X is a blockchain project based on increasing security and accessibility to Defy by bringing multi-chain solutions through an innovative ecosystem of decentralized apps developed by in-house developers. D Gen X will launch on multiple chains without increasing total supply which is great. Investing into projects at the early stages of development is always more risky but there is more rewards down the line if the project is successful. Do your own research into all the projects before investing into them. This one looks very interesting to me and I definitely see a lot of room to grow.
