Blox Cryptocurrency (CDT)
Blox is a portfolio tracking app that helps you consolidate your crypto accounts into one account for analytics. The main goal of Blox is to show users complete information about their current cryptocurrency assets in order to improve the efficiency of working with them. Businesses and developers can leverage Blox's robust and scalable API. Using this API, you can efficiently retrieve and analyze blockchain data. Users can also automatically sync wallets and exchanges, check complete transaction history, and access many additional features. CDT (formerly CoinDash) is a token of the Blox platform. A token is created to access Blox features and functionality. It also provides a discount system for businesses. Those who own CDT and use it for betting can receive discounts of up to 75%. The CoinDash token name has been changed to Blox. This is a trademark created by the developers to stimulate the development of the project in the fast-growing cryptocurrency market. The new interface has become simpler and more intuitive, aimed at a wide range of users. The ticker name is still CDT, so it is not misleading to users. The developers say that Blox is an example of a next-generation project designed to track assets and their movements.
Overview of Blocks (CDT)
The project was developed in 2016. The ICO with a hard cap of $12 million was launched on July 17, 2017. This amount allowed us to enter the market and begin the process of consolidation among users. The CEOs of Blox are Alon Muroch and Adam Efrima. Alon Muroch co-founded Bitcoin Authenticator in 2014 and led the iOS development of P2P (peer-to-peer) payment solutions PayKey. Co-founder Adam Efrim also has an impressive resume. He was chief operating officer of social investment network eToro and chief investment officer of Citic Group before creating the Blox platform. Blox.io is headquartered in Tel Aviv and has offices in Shanghai, San Francisco and Gibraltar. The company has thousands of cryptocurrency tracking, management and accounting solutions for professional businesses and businesses. The platform's clients include industry giants such as eToro, Zilliqa, 0X, and thousands of users around the world. During the ICO stage, CoinDash (Blox) was hacked by a fraudster who changed the investment address of the project to a personal address. The hacker stole about 37,000 ETH - at that time they were valued at about $10 million. Blox closed the token sale 13 minutes after it began. In 2018, a hacker returned 20,000 ETH, which had an estimated value of over $17 million at the time of the return. The hack that Blox experienced was called "an event that caused harm to both investors and the company." But in the end, this event provoked a significant increase in the project’s capital.
Advantages of Blox (CDT)
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Cryptocurrency accounting and reporting. Access automated and accurate cryptographic accounting tools used by industry giants for reporting, tax, and more. A set of tools full of features for investors, hodlers and enterprises.
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Security. The Blox platform provides read-only access to ensure the security of digital assets. This one-way window into your cryptocurrency gives you a secure overview of your assets.
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Powerful API. Blox API is one of the most advanced in the industry, instantly connecting businesses to various blockchains to receive, filter and analyze cryptocurrency data.
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Token staking. Blox users who choose to stake their tokens gain access to additional features while receiving discounts up to 50%.
Disadvantages of Blox (CDT)
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Competition. There are a number of projects in the field of crypto asset management, including Melonport, ICONOMI and Santiment. Each of these projects is different, and BLOX is actually going to integrate with Melonport and ICONOMI. However, there is still some overlap between them, and users may prefer other platforms instead of BLOX.
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Project goal. The success of this project depends on future investments in cryptocurrency in general. If the demand for cryptocurrency decreases, the project will become less interesting for users.
