Today many people around the world make use of exchanges to invest and trade on daily basis. The two types of exchanges the are been operated now are distributed exchanges and centralized exchanges. This two exchanges have their own pros and cons. The distributed exchange is an exchange which is based on the distributed ledger technology. This distribution ledger technology make it run on its own without the help of people to either service or maintain its operations. Users of distributed exchange funds or tokens are safe because the exchange does not have access to it. In this type of exchange traders from every part of the world trade with each other and the exchange underlying technology guarantee each trade to go through on its own , cleared and settled correctly. Example of distributed exchanges are EtherDelta and BitShare. And in distributed exchange is a very secure exchange when it come to users fund and tokens. Also the cost of transaction is always very cheap and affordable. But the problem of distributed exchange are matching speed , terms of liquidity and flexibility. Also the centralized exchanges are expensive in terms of transactions cost and very slow in terms of deposit and withdrawals. This is why Daex bring a platform that will solve all this problem with new technology and mechanisms. Daex will be a crypto currency clearing service that will be based on distributed ledger technology. They will also have a wallet that millions of mobile devices ( android and iOS ) users around the world can easily make use of to store their digital assets.
DAEX is a solution for the clearing ecosystem to trade crypto currencies. The goal of DAEX itself is to create better infrastructure in the crypto currency industry. Because prioritizing the main securities of users by using distributed Ledger Technology, will make traders' assets stored in their own blockchain account. Of course that makes other people unable to open and change the assets of the traders' permission from them. And that is enough to help alert traders to selling and buying crypto currencies in a centralized or centralized crypto currency exchange or market. Where the risk of trading in a centralized market such as hacking and fraud problems, because traders' assets are centralized and stored together. However, the advantage of trading on a centralized market is the speed of transaction, more flexibility and guaranteed liquidity. That way DAEX provides solutions using Ledger Technology which is distributed.
DAEX mission
To separate clearing and trading into individual entities, it also makes multi-asset wallets for both companies and traders.
DAEX goal
The aim of DAEX is to alleviate centralized exchange responsibilities by providing them with identity authentication, asset registration, asset clearing and asset settlement services.
DAEX ECOSYSTEM
DAEX consists of clearing services based on ledger technology that is distributed and centralized
Secure - A joint custodian organization for all assets registered in the DAEX ecosystem. Multi-level encryption mechanism for DAEX Wallet.
Transparent - A public clearing network that allows transparent accounting information. Allowing everyone to witness and share the benefits of the DAEX clearing ecosystem.
Open - Open the ecosystem supporting trade and cleaning up infrastructure that supports derivative businesses in the future.
Centralized exchange has a long history of being the main target for hacking groups. It looks like a weekly event where thieves can access and steal funds from these entities, with stolen amounts ranging from hundreds of millions of dollars.
Similar to a bank, this centralized entity has complete control over funds when the trader makes a deposit on the exchange. They also act as clearing houses that provide order matching, clearing and settlement services. With this infrastructure, traders must fully trust the exchange not only to safeguard their assets safely from external and internal threats, but also to facilitate the trade that occurs. The hot wallet they use to store their customer's digital assets allows hacking.
DAEX wallet
supports many assets, which are accessed using multi-segment keys. Double encryption makes your wallet safe and protected. End users have complete control and ownership of their assets.
DAEX CLEARING CHAIN
is the core product of the DAEX ecosystem. This provides individual institutions and customers with integrated clearing and settlement services using distributed ledger technology.
DAEX FUND
Support investment in cryptocurrency exchanges and wallets, cross-chain solutions and asset management projects.
ABOUT TOKEN DAEX
The initial token of the DAEX platform will be a compatible ERC 20 and swap at a 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 to pay clearing and for settlement at the DAEX ecosystem. This use makes DAX tokens the core in the ecosystem and this will help drive value.
A sign buyback program will be carried out to avoid inflation and a gradual lockout program for some tokens issued during the ICO phase. It aims to maintain a reasonable number of tokens on the market.
- Ticker: DAX
- Token Type: ERC20
- Total Token: 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 praiseworthy and have solutions to the problems that traders are currently experiencing
For information about Daex, please visit this link:
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: washing.machine
Profile: https://bitcointalk.org/index.php?action=profile;u=1785696
ETH: 0x4f70BF080785372B8bb7136E95818DbAeeA00980