DAEX : A Unique Decentralized Clearing Service for Cryptocurrency transactions

abinvent (9)in #cryptocurrency • 6 years ago (edited)

INTRODUCTION

Presentation

The development of blockchain technology has led into trading of digital currencies, and lots of cryptocurrencies is launched on a daily basis. Exchanging platform is essential in sustainability of digital currencies market. It is a medium of trade where you purchase and offer Cryptocurrency for another like Bitcoin or Altcoin for USD and Euro. What's more, since the origin of exchanging, some obstacles has held the exchanging ecosystem of Cryptocurrencies. From that point forward, developments most altogether Ethereum blockchain have established the framework for building further advancements fit for developing borderless economies. The worldwide monetary framework in its present operation, is generally centralized, and that applies to Cryptocurrencies as well. The larger part of thеѕе сrурtосurrеnсу trades are сеntrаlіѕеd and currently encounter huge challenges because of their method of operation full of loophole. The trades in any case require interoperability and thіѕ has caused a misfortune in the headway of the ѕуѕtеm. The relentless суbеr assaults that hаѕ аlmоѕt bесоmе a noteworthy worry for рrоѕресtіvе financial specialists аѕ they feel unѕаfе to іnvеѕt.

By making genuine investigation on the current exchanging framework which has worked and fizzled ordinarily, DAEX exchange sees the chance of centralized exchanging of digital asset derivative secure over a blockchain network. DAEX is an open and decentralized digital money clearing platform. It intends to comprehend the difficulties brought by centralized digital currency platform through the distributed ledger development and smart contract. Since its foundation, DAEX has developed a decent business relationship with top player in the Cryptocurrency business, e.g. Qtum Foundation, Sora Ventures, 360 etc.

DAEX ECOSYSTEM
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DAEX offer a system for the digital currency financial specialist that facilitates the benefits of both centralized and decentralized platform strong and high liquidity, transparency, it is an advance and user friendly platform accessible to all level of player in the cryptocurrecies market. DAEX proposes separating the exchanging and clearing capacities into different segments. Be that as it may, after exchanges are coordinated at trades, trades send coordinated exchanges to the clearing service. The clearing administration CaaS is performed by smart contracts on the distribute ledger innovation. Amid the initial platform of DAEX, digital currencies will be overhauled. Amid future phase of DAEX, digital money derivative will be overhauled. That is, DAEX will give clearing service to digital currency derivative exchanged on trades.

The DAEX ecosystem will offer a unique solution to all player in the cryptocurrecies market:
Exchange: The unit of clearing and exchanging guarantees that the platform will focus more on their business operation. Additionally, DAEX help to diminish the operational costs by picking and posting new cryptographic forms of money with the goal that clients can partake in exchange trading.

Security: DAEX gives a most secure platform, where the brokers or speculators ventures are ensured on Blockchain arrange which can't be moved, or adjusted without their proprietor assent.

Trust: The DAEX ecosystem gives a dependable domain to trading and for private and institutional traders. All operations and assets are done on the DAEX blockchain which offers advance level of transparency. The transparency gives an expansion level of trust and lessen question between the two gatherings included.

Milestone and projection of DAEX ECOSYSTEM

Clearing: for edge exchanging and short Margin exchanging is an exchanging strategy when a user’s acquires cash to build up long positions on certain cryptographic money. Short is an exchanging strategy when a traders borrow certain cryptographic money to set up a short position.

Derivatives clearing: Because of the colossal benefit capability of digital currencies, trades will give more monetary instruments to their users to exchange or hedge. Digital money derivatives, for example, future and option will be given to hedge or speculate. CBOE and CME have just presented bitcoin future market.

Smart inclusive financing: The blockchain innovation makes a fresh out of new type of asset. This new resource frame, which we call smart digital fund, this is represented to by bits and bytes in PC code and program, enlisted on the blockchain, traded from account to account, and can run automatically outside of human control. With this smart advanced resource, we can make a wide range of asset characterized by the current legal system, from substantial resources, for example, auto and land to impalpable resources like stock, reserve funds and IP.

DAEX TOKEN

The DAEX tokens are to be distributed in kind either private or community. Because of confinements there is open sale. In the initial offering, the DAEX token will be an ERC20 standard token. At the point when the DAEX platform is completely in developed, those ERC20 tokens will be repurchased and consumed and new local tokens will be issued with 1 to 1 proportion to etherum

ICO DETAIL
The price : $0.07 per DAX.
Accepted currency: ETH DAX[/ETH ratio will be announced 24 hours before the sale starts based on the price above.

KYC : Participant need to submit KYC and need to be approved prior investment and there is no whitelist.
Soft cap = 7,000ETH
Hard cap = 10,000 ETH
Private contribution: 2-100 ETH per user.
The Opening Date: 1 PM GMT, September 9, 2018
The Closing Date: 1PM GMT, September 14, 2018

TOKEN DISTRIBUTION