1. What is DDX?

Introduction to DDXTokens (DerivaDAO)

DerivaDAO (DDX) is a type of token that is part of the decentralized finance (DeFi) space. Here is some basic information about DDX:

1. Project Background: DerivaDAO is a blockchain-based decentralized finance project aimed at providing financial services and tools.

2. Functionality: DerivaDAO's main functions include providing decentralized financial services such as lending, trading, and more.

3. Technical Foundation: DerivaDAO is built on blockchain technology, utilizing smart futures to achieve decentralized financial capabilities.

4. Community Participation: DerivaDAO is a community-driven project where community members can participate in decision-making and management.

5. Security: The security of DerivaDAO relies on blockchain technology and the design of smart futures.

Note: Due to the volatility and risks in the tokens market, investors should consider carefully and understand the associated risks.

References:

• https://www.binance.com/en/how-to-buy/derivadao
• https://www.imf.org/en/News/Articles/2023/12/13/sp121423-leaving-the-wild-west-kordigitalmoney
• https://www.imf.org/en/Publications/fandd/issues/2022/09/Editor-letter-Reimagining-money-in-the-age-of-crypto-and-central-bank-digital-currency

Note: The information above does not cover price-related content and only provides basic introductions and background information.

2. Who founded DDX?

According to the provided information, DDX (DerivaDAO) tokens were founded by Aditya Palepu, a quantitative trader from the former quantitative trading company DRW, and Frederic Fortier, a former senior software advisor at Enigma MPC. Please note that another token named DDX was launched by Roberto Escobar, but it is not related to DerivaDAO.

3. What venture capital firms have invested in DDX?

According to the provided information, DDX refers to a stock market index rather than tokens. Therefore, no venture capital firms have invested in tokens DDX, as DDX itself is not a token.

If you want to know about venture capital investment in the token field, you can refer to the following information:

• OpenSea: In March 2021, completed a $23 million Series A financing led by a16z, and in July completed a $100 million Series B financing also led by a16z.
• Axie Infinity: In May 2021, completed a $7.5 million financing led by Libertus Capital, and in April 2022, completed a $150 million financing.

This information shows that venture capital investments in the token space are primarily focused on NFT and DeFi projects, such as OpenSea and Axie Infinity.

4. How does DDX work?

How DDXTokens Operate:

1. Basic Information: DDX is the native token of DerivaDEX, used for platform governance, transaction fee discounts, and staking.

2. Supply: The total supply of DDX is fixed at 100 million, released over 10 years, without an inflation mechanism or plans for additional issuance.

3. Trading Method: DDX can be purchased and traded through token exchanges, such as by selecting "Buy," choosing the order type, entering the desired amount of DDX, and then confirming the order.

4. Security: DDX is built using blockchain technology, with transaction records stored in a decentralized public ledger and a two-factor authentication process to enhance security.

5. Non-Custodial Trading: DerivaDEX operates in a non-custodial manner, meaning that users' tokens are kept in their own wallets until the actual transaction occurs, improving security and control.

6. Uses: DDX is not only used for governance but can also be used to lower platform fees and for staking, providing multiple use cases.