What is DAEX?
It provides both exchanges and traders with a more efficient and trustworthy trading environment.
Mission
To separate clearing and trading into individual entities, it also create a multi-asset wallet for both enterprises and traders.
Goal
DAEX goal is to alleviate the responsibilities of centralized exchanges by providing them with identity authentication, asset registration, asset clearing and asset settlement services.
Why Is DAEX Necessary?
The team behind the project created DAEX in response to the growth of cryptocurrency, which led to an increase in demand for convenience and safety in digital transaction transactions. Traditional centralized exchanges are popular thanks to their liquidity, fast transaction speeds, and intuitive user interfaces. However, the clearing services and trading occur in a centralized environment while they stay in control of customer assets. That infrastructure results in vulnerabilities to internal fraud and hacking attempts.
DAEX began with the goal of resolving those issues of centralized exchanges with smart contracts and distributed ledger technology. This allows for transparency for both traders and exchanges. The resulting infrastructure lets traders stay in control of their own assets and offers the benefits of clearing on a public chain.
How Does DAEX Work?
The clearing solution offered by DAEX for centralized cryptocurrency exchanges is based on the distributed ledger technology. Rules for both settlements and clearing are preprogrammed into the clearing smart contracts found on the clearing chain. The process of clearing is completely automatic without any human interference. To further guarantee objectivity during clearing, DAEX uses a well-thought-out consensus mechanism on its clearing chain. For added transparency, the digital assets that customers store on DAEX are registered and then stored on the DAEX clearing chain. It is impossible for any other individuals or institutions to access assets without the permission of the asset owner.
What Are the Values of DAEX?
One of the core values of DAEX is security, with a secure blockchain. All assets registered within the DAEX ecosystem have a joint custodian organizational system, and the DAEX wallet features a multilevel encryption mechanism.
DAEX also strongly values transparency, and it can deliver transparent accounting information thanks to its structure as a public clearing chain instead of a private one. This lets everyone witness and share the benefits of the clearing ecosystem from DAEX.
Finally, DAEX embraces openness by delivering an open ecosystem that supports clearing and trading. The infrastructure of the DAEX ecosystem also supports the possibility of future business in derivatives, allowing for expansion in an open matter.
How Does DAEX Help Traders and Institutions?
The cryptocurrency industry will be able to benefit from DAEX’s status as a decentralized settlement and clearing ecosystem that is based on distributed ledger technology. Cryptocurrency exchanges will be able to use the DAEX ecosystem as a bridge to connect several centralized exchanges. Finally, traders of cryptocurrency will get a reliable custodian for their range of assets, complete with access via a secure multi-segment key.
What Are Some Key Components of DAEX Ecosystem?
DAEX will include an open-source public blockchain that acts as a clearing chain. It allows for cross-chain clearing of digital assets for added convenience. This is the core product of the ecosystem, giving individual customers and institutions a unified service for settlement and clearing that uses distributed ledger technology.
DAEX Wallet — Supporting multiple assets for both enterprise and individual level customers.
DAEX Clearing Blockchain — A public clearing chain supports cross chain clearing for digital assets.
DAEX Fund — Supporting investments of cryptocurrency exchanges and wallets, cross chain solutions and asset management projects.
The clearing chain is the core product of DAEX ecosystem, it provides institution and individual customers with a unified clearing and settlement service using distributed ledger technology.
The DAEX wallet supports multiple assets, which are accessed using a multi-segment key, Multiple encryptions keep the wallet safe and secure. End users have full control and ownership of their assets.
DAEX Roadmap
- Quarter 1 2018 — Publish DAEX Non-Technical Whitepaper
- Quarter 2 2018 — Publish DAEX Technical Whitepaper
- Quarter 4 2018 — Release Test Net for Beta Testing
- Quarter 1 2019 — Release Main Net Version 1.0
- Quarter 2 2019 — Release Main Net Version 2.0
DAEX is already available on market and ready for exchages.
- LBANK — https://www.lbank.info/
- BCEX — https://www.bcex.ca/coins
- ALLCOIN — https://www.allcoin.com/coins
- INDODAX — https://indodax.com/
DAEX already penetrated the Russian, South korean, Thai, Singaporean, Indonesian, and Australian markets.
Recently DAEX expanded its Global ecosystem further with strategic investments in identification technology group IAME.
By partnering with IAME, the company aim’s to further improve its product’s technical advantages.
DAEX project is very simple and it is friendly user, This project has a bright future.
If you are interested to invest on their ICO Contact their telegram or you can visit their website.
LINK PROJECT
- Website: https://www.daex.io
- Twitter: https://twitter.com/DaexBlockchain
- Telegram: https://t.me/DAEXOfficial_en
- Daex Paper: https://www.daex.io/daexPaper.do
Author:
Username Bitcointalk: wakanada10
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2145207