DAEX
Was ist DAEX?
One of the biggest problems with centralized exchange is mobility. For example, transactions using these platforms may take several days. Not to mention the middlemen who charge high fees for their services.
DAEX creates a hybrid Exchange infrastructure. The aim of the project is to combine the advantages of decentralized and centralized exchange. This leads to more security, trust-free environments, high liquidity and shorter transaction times.
The main innovation of DAEX is that the trading and clearing services are split into two separate units. This means that centralized users can continue to use the DAEX protocol and continue with trading services.
However, all settlement and clearing services are based on the DAEX platform. It's an open source blockchain that ensures the trader's assets remain in his account. This gives DAEX users the benefits of a centralized exchange - fast and easy trading. In addition, they receive the security that comes with a decentralized exchange.
Another problem solving DAEX is finding authentic tokens on exchanges. Due to the decentralized nature of cryptocurrencies, many cryptocurrencies appear to be completed projects. In reality, these projects are nothing but empty promises.
With DAEX it is decided which tokens are listed in the partner exchanges. This process includes quality and background checks as well as the integration of solutions for placing the token in the DAEX wallet.
aspects
Clearance Account: Each DAEX user has a clearing account that allows them to store their assets in a safe place. Because it's encrypted, it protects your information from hacks and identity violations.
Saving digital assets: All assets included in the DAEX platform are stored in their clearing chain. The assets can not be entered by other participants without the permission of the owner.
Settlement and clearing: DAEX's clearing solution uses distributed ledger technology. It is a consensus that the data is distributed across multiple channels without central authority or storage of data.
Advantages
Confidence: All operations and transactions are transparent to the blockchain of DAEX. This transparency reduces mistrust between exchanges and users and provides more security.
Decentralized exchanges: By separating clearing from trading, users can focus on more important skills. And, DAEX helps reduce operating costs by listing new cryptocurrencies so that additional exchanges can trade.
Resource allocation: Since every stock exchange has to do its own clearing work, the trading industry does not use its resources completely. By using the DAEX clearing service, the resources of the industry are used more efficiently.
Aims
Market saturation: There are a variety of crypto exchanges that already follow the hybrid (centralized and decentralized) formula. Dax must create an innovative complement to its place if it wants to have a larger market share.
Website Issues: Users complain about website navigation. For example, users can not view the white paper and website. The website needs to fix this in order to attract more investors.
Summary
Overall, we believe that DAEX will strongly influence the stock market industry. It not only has the best centralized and decentralized exchanges, but also a network that rewards users for trading. Therefore, we can not wait to see how this project will grow in the future.
Website: https://daex.io/
Whitepaper: https://daex.io/whitepaper.html
Telegram: https://t.me/DAEXOfficial_en
WRITER
Bounty0x username: @anddyy