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Chad Lin @AlgoChadLin on x XX followers
Created: 2025-07-22 16:59:00 UTC
Another crypto stock, $DXG, is about to launch IPO.
DXG brands itself as a green logistics company. It is developing the #RWA Factory platform, which aims to record environmentally friendly behaviors on #Blockchain . Your eco-friendly actions can be converted into tokens. This is very similar to a carbon credit exchange.
In 2024, its revenue was $XXXXX million, YOY 304%. However, its gross margin was only 0.10%. The logistics business accounts for XXX% of its revenue, while the RWA Factory is still under development and has no income.
Although RWA and #Web3 are gaining attention and represent future trends, DXG’s ideas have not yet become reality. I am skeptical about whether the market will buy into this story. I take a cautious stance toward this IPO.
#stocks #StockMarket #Crypto
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