Digital Assets eXchange (DAEX) is an exchange created by The Global DAEX Foundation, it primary objective is to create an open ecosystem for distributed clearing for cryptocurrency exchanges. Centralized exchanges is a great trading platform to trade, it is fast, and efficient, it has made trading easy, but on the downside, centralized exchanges are vulnerable to manipulation and hacking, this makes it very difficult for traders to trust and rely on centralized exchanges. The aim of DAEX exchange is to make centralized exchanges more reliable and secured for traders to trade.
DAEX will take charge of centralization exchanges that will be registered on the DAEX platform. Each centralized exchange under DAEX will be provided with:
Identity authentication service
Asset registration service
Asset clearing service and asset settlement service
All these services will be provided by DAEX with the use of distributed ledger technology and smart contracts. The exchanges under DAEX platform will still have liberty to match users with buyers. DEAX don't just stop at securing trading on centralized exchanges they also provide a range of other products, both exchanges and traders are poised to benefit from DEAX, while they make exchanges secured and reliable, they help remove doubt from traders making it a win-win for both parties involved in trading activities.
About Token
The token is called DAX, it is going to facilitate trading on exchanges, it will make transaction within the DAEX platform easier. The DAX is going to have crowdsale were users can get a chance of being part of platform. There is going to be a total of 2 billion tokens sold during crowdsale
Token Details
Token Name: DAX
ICO Price: 1
DAX = 0.07 USD
Bounty: YES
Platform: Ethereum (ERC-20 Model)
Accepting: ETH
Minimum investment during ICO: 2 ETH
Soft cap: 7,000 ETH
Hard cap: 10,000 ETH
Country of Origin: China
Whitelist/KYC: Available Restricted Countries: USA, China
Distributed technology has a lot of benefits to offer to the cryptocurrency world, that is why DAEX choose to use the technology to bring a revolution to centralized exchanges by providing a secured infrastructure where centralized exchanges can now be free from manipulation and hack treats. With DAEX, trading and clearing will no longer operate together, they will be separated as different entities. DAEX will relieve the workload of centralized platforms by taking charge of clearing service while the exchanges will be left with only the responsibility of providing trading service.
The clearing service solution that DAEX offers is going to be more efficient than what is currently being offered by centralized exchanges, the DAEX clearing service will make use of distributed ledger technology, this will make trades more accurately and securely cleared.
How DAEX Operates Thanks to DAEX, traders assets will be safer since they can now be kept in the traders account on blockchain, traders assets cannot be interfered with since nobody can access their assets without permission. This will help reduce the risk currently faced by centralised exchanges and boast trust from traders.
For more information on Daex, kindly visit this links.
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2910479.0
Telegram: https://t.me/DAEXOfficial_en
Twitter: https://twitter.com/DaexBlockchain
Writer: Olamidey
Bitcointalk Username: Olamidey
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1168937