INTRODUCTION
Currently, the crypto industry is associated with numerous risks that makes the system an impotent one. This occur as a result of high volatility and lack of mass adoption in our society. Although the ledger operations was created to break limitations that the localized mode of transactions were unable to breakthrough, the limitations in the traditional system includes lack of protection, restriction of jurisdictions and many more. However, the blockchain system has solved these issues but the ledger standard lacks the liquidity that the localized system has. Therefore, in order to have a balanced exchange system, there is a need to bring the strength of both sides together to create a crystal exchange network that will have no limitations. Fortunately, DAEX has emerged to bring this to reality. Now let’s get to know DAEX ( Digital Assets Exchange).
UNDERSTANDING DAEX
DAEX is a platform that emerged because there is a need to balance both CEX (centralized exchange) and DEX (decentralized exchange). We all know that DEX has its downsides and CEX is viable too, DAEX will create a balanced distribution system that will bring together the qualities of these two exchange systems and thus benefiting both sides.
This project is to process a way for the localized ledger transactions and distribution firms. The project was built because of the dis-aggregated ledger capability to achieve clearing operations. The operations of clearing have been embedded into the operations of the smart agreement contracts via the use of DAEX clearing capabilities.
The functionalities of this clearing operations is done without human help as the operations is preprogrammed.
The aim or the objective of clearing is ensuring security via the utilization of the consensus functionalities on the clearing operations. Furthermore, the members of the ledger world will be documented and stored on this amazing setup called DAEX. Unless the owner of the data grant access no outside can assess the owner’s assets.
Through DAEX, there will be an establishment of enhance structure that is crafted for the ledger world. This is done through the utilization of a glaring portion of mainstream exchange trading sector and by exploring on the new opportunities introduced by the shared ledger operations.
The good thing about this project is that, there will be a separate entities to take charge of the trading and the clearing of transactions. The CEX will be in charge of the trading operations while the DEX will also take charge of the clearing operations in order to provide a very balanced exchange system that will benefits both sides greatly. Isn’t that amazing? Yes it is.
In contrast to the so called centralized clearing operations, this platform clearing operations is distinct which is maintained and controlled by the ledger operations to ensure authenticated clearance and maximum trading satisfaction. With the utilization of the digital operational system, the assets of the trader are maintained in their own accounts on the blockchain.
This platform has ensure that without the knowing of the assets owner no one will be able to access the assets. Therefore, there will be tight security within the exchange system.
THE CONCEPT OF DAEX ECOSYSTEM
It all started with the clearing chain operations. This clearing operations are based on a ledger settlement which symbolizes clearing as a service (CaaS). This service will produce a clearing service for all ledger firms that are interested.
The DAEX wallet stands as a ledger wallet with several operations of more than one ledger assets. It allows exchanges within several Cryptos and the clearing chain to handle its assets.
This project will offer a multiple private access that is useful into diverse components.
Clearing as a service operations will be effective within the system. This clearing operations will be founded on a public exchange cloud. The unit behind this operations are supplied with necessary APIs.
DAEX Ecosystem provides the following benefits;
This platform provides absolute security through the use of ledger functionalities which also enable clearing operations to be carried out successfully.
This platform also provides absolute trust within it’s system between trading and clearing operations.
DAEX is opened to all exchanges and the platform is ready to make available products and services available for the members.
CONCLUSION
it is a crystal clear that this project will bring liquidity and also enhance the mass adoption of the ledger community. And also, with the amazing features of this project and the goals that this project is set to achieve, I strongly believe that this platform will definitely thrive.
DAEX Token (DAX)
• Ticker: DAX
• Token type: ERC20
• ICO Token Price: 1 DAX = 0.0700 USD
• Fundraising Goal: 86,200,000 USD (127,187 ETH)
• Total Tokens: 2,000,000,000
• Available for Token Sale: 30%
• Know Your Customer (KYC): YES
• Accepts: ETH, BTC, NEO, QTUM
More information on Daex can be seen here;
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Twitter: https://twitter.com/DaexBlockchain
Telegram: https://www.t.me/DAEXOfficial
Bounty ox username: Fumberry
Coins mentioned in post: