Multiple blockchain use cases powered by Ethereum is now a reality

On August 3, Ethfinex, an Ethereum based platform, conducted the company’s Ask Me Anything (AMA) on Reddit for the crypto and blockchain enthusiasts of platforms such as Digix Global, District0x and the Abyss.

Ethfinex is the home for digital token trading and discussion build for the ethereum community, using ethereum. The community for developers, enthusiasts and traders to collaborate, review and discuss upcoming crowd sales and traded tokens, conducted the AMA in order to solve the customer queries and to provide a clear picture about the future course of action of the company.  

THE DIGIX GLOBAL AMA

DigiX Global is a platform which tokenizes gold on the Ethereum’s peer-to-peer decentralized consensus ecosystem. The AMA was flooded with comments questioning about the scalability of the company and its transaction process.

The company develops a system of proving asset existence and ownership on the distributed ledger. It also enables customers to take delivery of DGX, which are backed by 1 gram of gold, at partnering custodian vaults.

When questioned about the further adoption of the DGX token in the cryptocurrency ecosystem, Shaun Djie, the co-founder of DigiX commented:

“Opportunities for DGX to be successful in the ecosystem includes outreach into different markets, being blockchain agnostic which may mean we are open to deploying on other chains, exchange listings (like Ethfinex). The ecosystem of stablecoins will only increase over time, hence our model, which is to work with other D-Apps in the space through partnerships, will be a key focal point in growing the volume of DGX once more of them go live.”

Shaun further went on to highlight that there are plans to tokenize commodities on the platform.

District0X AMA

District0X enables users to create, operate and control different decentralized networks, powered by Ethereum, Aragon, and IPFS. The Marketing Head of District0X, P.J. Leimgruber, highlighted that the network aims to cater to a vast array of markets and commodities. In alignment with this vision, d0xINFRA token is designed to be open and extendable, allowing districts to implement unique features and enhanced functionality via the plug-in of auxiliary modules.

When asked about the practical use case of the District0X on the AMA, Leimgruber responded by pointing out that user interface and user design is the top priority of the company.  

The Abyss AMA

The Abyss is a next-generation digital distribution platform, delivering all types of video games to the fast-growing global game community. The company platform offers a groundbreaking motivational and multilevel referral system, allowing gamers to earn from in-game and social activities, and other gamers’ payments as well.

Konstantin Boyko-Romanovsky, the founder of The Abyss, stated that due to the emerging of games like PUBG, the company is planning to expand into markets like China. Further stating that the platform will act as heaven for the independent game developers, he believes that blockchain has the potential to drive massive ripple in the market.