CoinDCX Go, by CoinDCX just announced the new 7M framework, where crypto assets are listed on the product with extensive and stringent listing criteria. The company says the 7M framework highlights how the platform is taking steps to ensure that newcomers who join the CoinDCX Go app can invest safely and securely.
CoinDCX Go is an beginner-friendly app created by CoinDCX. This app bills itself as India’s simplest Bitcoin app. The 7M framework consists of Model, Mechanics, Management, Market, Motivation, Momentum and Money. The idea, at least, is that new crypto investors only invest in the safest and the best crypto assets.
Every business model is created to resolve a crucial issue. A quality, value-creating, and revenue-generating business model ensure stability, sustainability, and growth led by innovation. CoinDCX analyzes the crypto asset’s business model that is to be listed in extensive detail on the three pillars as mentioned earlier.Neeraj Khandelwal
The next step that CoinDCX follows is to analyze a crypto asset’s effectiveness in maintaining immutability, transparency, automation, and resilience with its decentralized business model. CoinDCX evaluates the crypto asset’s business model’s proficiency in the highly competitive crypto space if the crypto asset can tick off sure checkboxes if it successfully reaches every milestone of its roadmap. A well-experienced team leads a crypto asset with coherence in its strategies and collective progress towards its vision. CoinDCX analyses the brains and hands behind a crypto asset to ensure that it is in capable hands.
How 7M Works
CoinDCX says it conducts in-depth evaluations and SWOT analysis of these crypto assets. The CoinDCX team studies the size of the crypto asset’s existing market, competitors activities, unique selling points (USPs) of the crypto asset, product’s ability to acquire a significant market share alongside coping up with the future threats, and then exhibit growth in the industry which evolving rapidly.
Motivation is also one of the most crucial underlying factors in determining any crypto asset’s success as it directly entails the economics of the crypto assets. CoinDCX seeks to understand the respective blockchain’s application, its use cases, tokenomics and the crypto asset’s value generation spots.
Momentum identifies the traction the crypto asset has received on social media over a while and the reputation the crypto asset has developed from its inception. CoinDCX tracks the perception with which a crypto asset is perceived around the world and the steps the crypto asset is taking to maintain its brand’s positivity.
In this context, money doesn’t mean the revenues a crypto asset is generating or the funding a crypto asset has raised. The CoinDCX app tracks the revenue generation spots, exchange listings. It also tracks the token allocation models that subsequently affect the crypto supply outside the financial models.
Currently, the CoinDCX Go app supports 14 crypto assets, namely-
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Binance Coin (BNB),
- Litecoin (LTC),
- Chainlink (LINK)
- Cardano (ADA)
- Tether (USDT)
- Basic Attention Token (BAT)
- Ripple (XRP)
- Matic Network (MATIC)
- Stellar Lumens (XLM)
- Tron (TRX)
CoinDCX Go says one of its topmost priorities is to offer a large number of digital assets. The team says it has been determined to abide by the national laws and regulations only to provide those assets that meet specific standards in a secure and compliant way.