DAEX

in #ico • 6 years ago

DAEX (Digital Asset Exchange) which is an open digital currency ecosystem and its distribution aims to provide clearing solutions for digital currency exchange. Clearing in DAEX is a form of agreement service in transacting digital currencies so that transactions are reached, then transactions are recorded on technology in the ledger and distributed through smart contracts. There are already several institutions that have collaborated with DAEX, and several institutions such as the Qtum Foundation, Sora Ventures, ChainPE, InnoNext, 8 Decimal Capital and Jenga Blockchain Capital.
The purpose of DAEX was established

Providing better infrastructure for the digital currency trading industry has become the main objective of the formation of DAEX. By taking a reasonable part of the main securities trading industry and by taking advantage of new opportunities brought by ledger technology.

DAEX goal
The aim of DAEX is to provide better infrastructure for the cryptocurrency trading industry by taking a reasonable share of the main securities trading industry and by taking advantage of new opportunities brought by distributed ledger technology. In particular, trading and clearing will be separated into different entities. At present a centralized exchange will continue to provide trade services. However the clearing work will be handled to a general clearing service based on the DAEX solution. However, in contrast to current centralized clearing services, DAEX clearing services are based on distributed ledger technology. Distributed ledger technology guarantees the correct and safe trade is cleaned and completed. By using distributed ledger technology, merchant assets are stored in their own accounts on blockchain. No one else can access trader assets without their permission. This is effective eliminate the risk of merchant assets in the current centralized exchange.

security issues
Hacking is still common in some exchange companies. This is difficult to avoid because of the lack of additional security on each platform. After hacking often occurs, many exchanges must reach consensus that general clearing and asset custodial services are needed to protect markets and ensure sustainable market growth. The rapid development of cryptocurrency trading requires a more effective and safer clearing service. Therefore DAEX is the answer to the needs of this market.

Blockchain DAEX ecosystem
In Ecosystems, DAEX consists of clearing services based on Distributed Ledger Technology, Exchange Central and user's wallet. Traders use their wallets to trade on exchanges. After trading is matched on the exchange, exchanges send trades that are in accordance with the clearing service. CaaS clearing services are carried out by smart contracts on distributed ledger technology. During the initial phase of DAEX, cryptocurrency will be presented. During the future DAEX phase, cryptocurrency derivatives will be served. That is, DAEX will provide clearing services for cryptocurrency derivatives traded on the exchange.

Profit

  • Securing
    Participating exchanges must meet the business and technological requirements of the ecosystem, so that the quality of trade services is maintained. All assets are owned by blockchain. Assets cannot be moved without user permission. Multi-part private keys better protect user assets and also a safe recovery mechanism if the user loses his private key. Smart contracts and blockchain technology guarantee the truth of clearing and settlement.

  • Trust
    Decoupling between trading and clearing is the best way to ensure the security of a customer's trading assets. Insurance funds donated by participating exchanges provide another layer of security. The DAEX ecosystem provides a trustworthy environment for exchanges and traders.

  • Open
    First of all, the DAEX ecosystem is open and welcomes new exchanges. Exchange that participates in the DAEX ecosystem can use all products and services provided by DAEX, including wallets and clearing. Second, participating exchanges can expect to use more DAEX value-added services to be provided, including cryptocurrency derivative trading.

ABOUT TOKEN DAEX
The initial token of the DAEX platform will be a compatible ERC 20 and swap at 1: 1 ratio will be made when the DAEX blockchain is launched. Ticker is a DAX token and will be used as a reward mechanism and will be used for clearing and settlement at the DAEX ecosystem. This use makes DAX tokens the core in the ecosystem and this will help drive value.

A sign of buyback of the will be carried out to avoid inflation program and a gradual lockout program for some of the programs issued during the ICO phase. It aims to maintain a reasonable number of tokens on the market.

  • Ticker: DAX
  • Token Type: ERC20
  • Total Tokens: 2,000,000,000
  • Use of DAX Tokens

Conclusion
In conclusion, as a DAEX user, you continue to enjoy the benefits (quick and easy trading) of centralized exchanges and you don't have to worry about the risk (hack and theft) attached to it. DAEX will make you covered in the security field and more. projects that are praiseworth and have solutions to the problems that traders are currently experiencing

FOR MORE INFORMATION:

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

author: muhammadsosa
profil link: https://bitcointalk.org/index.php?action=profile;u=1914532
eth: 0x8056b4866D50eBCE01D33EDc967D38a6Bf724420

6 years ago in #ico by
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