DAEX: Integrating Cryptocurrency Platforms
INTRODUCTION
The Cryptocurrency appears to expand in daily marketability. Accompanied by the gargantuan rise of cryptocurrencies like the Bitcoins(BTC) and Ethereum(ETH) et cetera, it shows signs of an inundation of people into the market. Surprisingly, numerous Cryptocurrency exchanges can not purvey to open a created account feature at all time. Such is the request for an immediate access into the market that trading created account for new purchasers is periodically restrained. The median daily trading proportion of the market is normally in trillions of dollars. The comprehensive gross amount of the whole market is more than half a trillion dollars which is extremely impressive and contemplating the market is less than a decade old.
Nevertheless, in spite of the substantial amounts, there are crucial problems that banes the market which includes the activities of cybercriminals, price exploitation, the pump and dump ICO schemes. However, a platform has been inaugurated to ensure the distribution of digital assets clearing ecosystem based on the blockchain technology, also creating a high-tech encryption standard, enabling for a secured, confided, and clear ecosystem which will be beneficial. Presenting the Digital Assets Exchange (DAEX).
The Digital Assets Exchange which is also known in abbreviation as the “DAEX”, was established by a Global DAEX foundation. It is an open and dispensed cryptocurrency clearing ecosystem that focus on providing lucid solutions for cryptocurrency exchanges. The clearing-as-a-service (CAAS) is formed on distributed ledger technology and smart contracts. The ecosystem of the platform is a solution that assimilates the interests and advantages of the CENTRALIZED and DISPENSED exchanges.
The following are the advantages that concocts an appealing environment to both the trader and Exchanger :
Security
Liquidity
Transparency
Efficiency
Digital Assets Exchange contrives to bring a disjunction between trading and clearing, placing them into entities. Notwithstanding the fact that the clearance and agreement will be performed by DAEX's clearing chain, trading amenities will still be allocated by centralized exchanges. And the open source of the universal blockchain will also make provisions for the complete ownership of their assets to traders by issuing them a multi-segment private key to gain entry to a “MULTI ASSETS WALLET”, (the DAEX's wallet). This gives an allowance for traders to centralize their exchanges with attached benefits that separate the problems existing today, (trust and security).
DIFFICULTIES AFFECTING CRYTOCURRENCY MARKET
One of the biggest issue in the Cryptocurrency market is the exploitation of Prices. Prices of Cryptocurrencies rise and fall drastically on exchange platforms during a short period of time, at most cases when a sellable asset drops by an amount of 45% in less than 24hours a day, then it's seen that the volatility of the market is high. There are so many reasons that promotes the large volatility of the Cryptocurrency market, one of the few reasons are the individuals who have gigantic Cryptocurrency holdings. They have the capability of manipulating the Cryptocurrency prices in the market, and they perform this by “trading walls”, a traded wall is when a “buy position“, that costs a lot of money is opened on the Cryptocurrency ecosystem. Persons that invest regularly and trades in little amounts will observe the buy position that was opened and clarify it to be an impending price increase, now at this point, the price of the Cryptocurrency will inescapably arise.
Asides this, there are other problems that affects the cryptocurrency market, including cybercriminal activities like:-
- Online cryptocurrency hackers.
- Rapid and abnormal increase of different cryptocurrencies
- Poor productivity over distributive exchanges and so forth.
The platform DAEX has given an assurance to the solutions of these problems, carefully ensuring the provision of an adequate infrastructure that would amend the trading activities done in the cryptocurrency market.
MY CONCLUSION
Daex has set up a strategy and the team to help them achieve their goals. With focus and commitment, DAEX aims at providing a decentralized ecosystem where the need for security, transparency and true reliability of digital assets will be an issue of the past and digital assets can be enjoyed. These are the decadent issues with digital investments. Daex would be providing a solution to both centralized and distributed exchanges. With DAEX, there will be no doubt between enterprises, new and existing cryptocurrencies will grow independently to their expectations, and investors will see the need to gain more assets. These would be a boost for new Cryptocurrency projects and would also be a welcome development for the communities that surround them. I would recommend the endorsement of the Daex project; A project that will only facilitate our transition into the a Cryptocurrency future!
ROADMAP TO CARRY OUT THIS PROJECT
TOKEN INFORMATION
Ticker: DAX
Token type: ERC20
Total Tokens: 2,000,000,000
HARWORKING TEAM BEHIND THE PROJECT
Follow the links to stay up to date with news and information from DAEX platform:
AUTHOR'S BOUNTY0X USERNAME: SEUN
DAEX is much more than just any project, it is focused on creating solutions for better scalability in all Decentralized and centralized exchange.
After reading through the outlines of these challenges I can see that there is indeed much work to be done in blockchain ecosystem and DAEX laid down solutions will solve all the problems.
Data clearing is very important in every exchange... This will be a big development on blockchain technology and bring more benefits to traders.
The DAEX team seeks to solve these problems by introducing a system for increased efficiency and improved processes. Good development from them.
DAEX features will help to prevent and reduce financial crimes such as money laundering
and illegal financing on a global scale in crypto space.
Security is one of the most important thing, Glad DAEX took that as a priority too to deliver amongst its long list of best service to crypto space.
DAEX platform aims to improve security in exchanges by integrating cryptocurrency platforms and identity theft with smart contract. In addition, it will also make online transactions easy for traders with transparency
What a masterpiece in this crypto space as DAEX is built to design a sole independent solution for all and emerging blockchain platforms in terms of accuracy and reliability is concerned.
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