Ever since cryptocurrencies went big, the number of crypto-businesses and startups has been on a constant, rapid rise. This is by no means surprising - businesses go where there is money to be earned. These days, the crypto trend is slowly but surely starting to slip through the cracks and enter more and more industries, businesses, stores, and more.
However, crypto exchanges are still among the most popular ways of attracting clients and customers, which is why new ones are always on the rise. And, with the crypto and blockchain industries now being available via smartphones as well, a lot of people opt to use this way of investing, trading, and managing their digital assets. This is understandable as well, since doing it via the phone means that you can do it at any time and any place.
However, there appears to be a lack of mobile digital currency exchanges, which is why there are a few projects that aim to offer services in this area as well. Dinngo is one such project.
Dinngo aims to be the first exchange to enable a simple 2FA with mobile devices and cold wallets. It is quite a revolutionizing concept, with a major potential to change the way the crypto trade works. The company's cold wallets get integrated seamlessly with the Dinngo exchange, providing users with fast, convenient, and secure asset trading service.
As mentioned, Dinngo is the first hybrid exchange, which allows it to offer a more secure and efficient user experience. It comes at the time when crypto trading is surging rapidly once again, while the market is getting more and more mature, and the prices continue their recovery from 2018 bear market.
As such, the trading volume growth is constant and rapid as well, and many expect it to maintain this momentum for quite a while. With a situation like that, Dinngo comes in response to the market's needs, with a new solution that might bring a major change to the future of crypto trading.
Dinngo has yet to hold its ICO, or even announce the date of the token sale. However, there are quite a few details that are known at this time, including the token's name — DGO. This will be a utility token, developed on Ethereum's network. As such, it is an ERC-20 token, which will be obtainable in exchange for ETH coins.
The price of 1 DGO is set to be 0.0004705882 ETH, but the minimum investment will be quite higher — 0.1 ETH. The project has set up a soft cap of 4,000 ETH, and a hard cap of 40,000 ETH. It was registered in Singapore, and it has two restricted areas — China and the US.
Everyone else will be allowed to participate, should they choose so, but they will first have to go through Whitelist and KYC procedures. The project will also offer 100 million tokens for sale.
|Start||May 1, 2019|
|End||August 31, 2019|
I predict that Dinngo is highly likely to turn into a crypto exchange of a relatively small group of traders with low daily volumes. The reason behind that is quite simple: Dinngo doesn't have a single distinguishing feature that would grant it the edge over the abundance of competitors. Just this week alone, I have come across two emerging decentralized exchanges which are more or less similar to Dinngo. Besides, I looked at their roadmap and saw that they are planning activities only through the first quarter of 2020. Personally, I don't like projects that aren't planning far ahead.
I should say that I am not overly impressed with the user interface of the Dinngo exchange, it kinda reminds me of the 90s due to its simplicity and blockiness. Nevertheless, they represent the emerging class of decentralized exchanges which is bound to change the trading as we know it. The cross-chain feature appears quite interesting, so does the smart matching engine. It would be great if they have elaborated more on the issue of regulatory compliance. These guys are from Asia, where regulators tend to be quite tough, as far as I am concerned. I advise you to keep an eye on Dinngo, just in case you’d want to have an alternative to Poloniex or whatever exchange you are currently trading on.
Dinngo has an all-round good concept, but it is hardly a unique one. As far as I know, there are dozens of decentralized exchanges that operate in a fashion that is similar to Dinngo, for instance, Shapeshiift, Changelly, and IDEX. However, I am not implying that Dinngo is not an investment worthy project. I am just saying that it will have plenty of tough competitors that already have a formed pool of users. Nevertheless, this project still has a chance to stand out from the crowd because, to my understanding, it is oriented mainly on the Asian users, who are customarily very active and crypto-savvy. So, if the team keeps on developing the exchange in the right direction, Dinngo will do okay.
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