Hello everybody! Today let’s talk about the crypto exchanges and transaction process. The thing is that there’s no single site where there would be a convenient exchange and trading process made, without wasting time on unnecessary operations. Plus the fee plays an important role, cause for most people the exchanging is the way of earning money. Designers created the project which is called Daex. It’s going to solve current problems even now.
What is Daex?
Daex is a platform to unite all the possibilities of exchange sites. The main goal of the designers is creating a single service to include the cashless transfer infrastructure.
The project will have assets management operations on its platform and connect them on one service. Plus, a single base will be created to help the assets get into turnover faster. It will raise its liquidity even more.
What problems does the platform solve?
The platform is pressing for creating a hybrid exchange to make crypto trading easier and faster. The thing is, there’re currently 2 kinds of crypto exchanges, each of them has some difficulties which don’t let the platforms work properly. Centralized sites provide a single centralized mechanism of coordinating the transactions and order for traders. The liquidity and good performance of exchange is the bright side, but due to lack of absolute control there’re some difficulties.
When it comes to decentralized exchanges, their performance is pretty different from the previous one. Intermediaries are not allowed participating deals, meanwhile traders completely control their assets and the resources are safe. But the liquidity is bad.
That’s why designers decided to combine two types of exchanges, getting rid of main and important problems. That’s how Daex started.
By the way, Daex is going to develop not only clearing services, but different structure trading, which is extremely important as the world’s never seen the project like this before.
How does the platform work?
The principle is quite simple. A user creates an order then put it on the exchange which is integrated into the system. Then the system automatically picks up the best way to exchange. It all goes along with smart-contracts.
The very creating of the global platform perfectly suits exchanges and transactions, provides the high level of liquidity and completely gets rid of mediators. As the blockchain is now one of the best technologies to keep data and digital resources there’s no reason to worry about cyber attacks and thefts. The liquiditiy of all sites mix. As a result, it has faster conversion.
Token and ICO.
Token standard: ERC20.
Total amount: 2 000 000 000 Dax.
For sale: 40 000 000 Dax.
One token price: $0.07.
Hardcap: $2 800 000.
Sale period: 09/09/2018 – 14/09/2018.
Token allocation:
• Product development.
• Strategic relationships development.
• Marketing.
• Crypto assets storage.
• Reserve fund.
Conclusion.
I think the project is doomed to success for several reasons. Firstly, simplifying of the exchange and transaction process will lead to popularity and all the sites used before will lose importance. The very combining of decentralized and centralized technologies let them get rid of each exchange disadvantages. Now all the resources are kept on blockchain, as well as the personal data. At the same time, traders have the full control over their assets with no loss of liquidity. The Daex project will give people innovative server to advance their own assets.
Official links to the Daex project:
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/pdf/DAEX(EN)-TechnicalWhitepaper-V0.6.1.pdf
Author of the article:
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