The aim of DAEX is to provide a prevalent framework for the computerized currency exchange industry by taking a reasonable part of the standard securities exchange industry and by accepting the focal point of the new open door achieved by the disseminated innovation record. Specifically, exchanges and cleaning will be isolated into various elements. The current joint trade will continue to provide exchange administration. In what cases quip, clearing work will be handled to the clearing administration that depends on the DAEX arrangement. However, it is not exactly the same as the clearing administration that is united at the moment, the administration of the DAEX clearing depends on the innovation of dispersed records. Distributed recording innovations ensure that exchanges are accurately and safely cleaned and resolved. By utilizing the recording innovations delivered, the benefits of merchants are stored in their own records on the blockchain. No other person can get intermediary benefits without their authorization. This is enough to overcome the danger of brokerage profits in the combined trade today.The clearing solutions offered by DAEX for centralized crypto digital exchanges are based on distributed ledger technology. Rules for both settlements and cleaning are pre-programmed in clearing clever contracts found in the clearing chain. Fully automatic cleaning expositions without human intervention. To better guarantee objectivity during cleaning, DAEX uses a well thought out consensus mechanism in its clearing chain. For additional transparency, computerized assets stored by customers in DAEX are registered and then stored in the DAEX clearing chain. It is not possible for individuals or other institutions to access assets without permission from the asset owner.
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Benefit of the DAEX platform
The platform helps users have confidence in trading their assets as they are guaranteed that these assets are safe and free from any form of tampering.
The platform ensures maximum security to its users by making sure they pass basic requirements needed as well as storing their assets on the blockchain with only them having access to it.
Users do not have to worry whenever they misplace their private keys as it can be recovered for them by the platform through the implementation of multiple part private keys.
THE DAEX ECOSYSTEM
In order to address the issues discussed above, the DAEX network introduces an infrastructure to back up the cryptocurrency trading market. This infrastructure brings together the benefit of the centralized and decentralized form of exchange. Thus, users will enjoy:
High liquidity
Iron clad security
A trusted atmosphere
Transparency
Part of the aim of DAEX is to distinguish between clearing and trading service. Thus, centralized exchanges will keep providing trading service, while the settlement and clearing service will have the backing of the DAEX solution. This will come around as a result of the open source blockchain which ensures that the trader’s assets remain in their account.
All in all, users of DAEX will enjoy all the advantages of a centralized form of exchange, and be shielded from the risk that comes with using such a model.
VALUE PROVIDED BY THE DAEX BLOCKCHAIN
The DAEX platform will provide value in four different ways as shown below:
Security: With DAEX, there is a secured trading platform that gives users the ability to keep their assets on the public blockchain without fear of being compromised.
Resource Allocation: As long as the various exchanges will do their clearing work, the entire trading industry is not making a perfect use of the resources. With the clearing service, resources will be out into effective use.
Trust: With the DAEX blockchain, all operations will be transparent. This takes care of the issue of trust on the platform.
Exchanges: Since clearing will be separated from trading, exchange will be able to direct their focus on major competencies. Also, participating exchanges are able to trade because DAEX selects and list new digital currency. This also reduces operational cost.
The public sale price is $ 0.07 per DAX.
Only receive ETH investment for this sale, and the DAX / ETH ratio will be announced 24 hours before the sale starts based on the price above.
Your KYC application must be approved before you can invest and there is no white list.
Soft cap = 7,000ETH Hard cap = 10,000 ETH.
The value of individual contributions is between 2-100 ETH per person.
Start Date: 1PM GMT, 9 September 2018.
From Date: 1PM GMT, September 14 2018.
Roadmap:
The idea and technology behind the DAEX is outstanding. DAEX team project managers and engineers are highly reputed as we notice they are dealing a huge set of launches where they are integrated into a secure communication system. The team is with a solid background who are experts on this special matter. They look like they know what they are trying to do on the blockchain. After studying all the major concepts from their whitepaper I have a high of seeing DAEX succeed as it truly has the potential to rock the market and also investing into this project won't be much challenging for major investors.
For more information you can visit DAEX's official site and read their whitepaper. The links can be found below.
Website: http://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Ann Thread: https://bitcointalk.org/index.php?topic=2910479.0
Medium: https://medium.com/daex
Twitter: https://twitter.com/DaexBlockchain
Reddit: https://www.reddit.com/r/DAEX_Blockchain/
username: arsenalx420Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1767745
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@arsenalx420, I gave you a vote!Enjoy some !popcorn courtesy of @nextgencrypto!
SUPERLAZYMAN! THIS LOOKS LIKE GOOD PROJECT THANKS