Update index.rst

gnosis · Jul 4, 2019 · 1262df6 · 1262df6
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commit 1262df6
Showing 1 changed file with 5 additions and 1 deletion.
diff --git a/source/index.rst b/source/index.rst
@@ -11,9 +11,13 @@ allows **anyone** to add any trading token pair.
 It uses the `Dutch auction`_ principle to prevent the problems that exchanges are experiencing (such
 as front running, issues with low liquidity, and third party risk), thereby creating a more fair ecosystem for everyone to use.
 
-There is no restriction besides the fact that tokens traded on the DutchX must be `ERC20`_
+The DutchX is governed by a series of smart contracts deployed on the Ethereum Blockchain that allow peer-to-peer trades between users applying a Dutch auction mechanism without the need for intermediaries.
+
+It is fully on-chain and permissionless. There is no restriction besides the fact that tokens traded on the DutchX must be `ERC20`_
 compliant.
 
+It was developed by Gnosis Limited as infrastructure of the Ethereum Blockchain. It is upgradeable and those powers are retained by the dxDAO (dxDAO.daostack.io). Gnosis Limited is not part of the dxDAO and retains absolutely no miscellaneous powers over or to affect the DutchX.
+
 .. raw:: html
 
     <div style="position: relative; padding-bottom: 6.25%; height: 0; overflow: hidden; max-width: 100%; height: auto;">