DAEX ICO: A Decentralized Clearing System For Crypto Exchanges
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DAEX is a new decentralized digital currency clearing ecosystem. Discover how you can benefit and it functions in today global cryptocurrency market.
Overview of DAEX
DAEX, discovered it present at https://www.daex.io/, is an open and distributed digital currency clearing platform. The objective of the platform is to give clearing solutions that will benefits all centralized cryptocurrencies exchange platforms.
This is a scalable and viable project developed by a Switzerland-based organization known as DAEX Foundation. The foundation has achieved mutual business partnership with the Qtum Foundation, Jenga Blockchain Capital, Sora Ventures, 8 Decimal Capital, 360, and others professional organization in order to offer unique business solutions to crypto industry.
DAEX developed a hybrid exchange that unites the advantages of centralized and decentralized exchanges. DAEX is one of a few associations that will be the first to launch a scalable hybrid exchange platform in the world.
Some of the identified challenges in the market DAEX Seek to Solve
For what reason do we require a solution like DAEX? The platform tries to take care of various significant issues with the present digital currency industry.
Today, there are two primary kinds of exchanges, including centralized and decentralized exchanges. Centralized exchanges give a centralized order coordinating instrument for brokers. They clutch both institutional and private traders ' assets, and traders complete exchanges over the order book. These exchanges are quick and have high liquidity, yet brokers don't have full control of their assets.
Decentralized exchanges work in a quiet different way: they cut out the agent and enable traders to complete P2P exchanges. Through this method, a traders have total control of their funds, enabling them to keep up full security of their funds. In any case, decentralized exchanges regularly experience the ill effects of issues with liquidity and long transaction time’s frame.
DAEX intends to take care of both of these issues by making a hybrid decentralized/centralized digital currency exchange platform.
Value Proposition and the Solution of DAEX Ecosystem
To address the issues, as it been highlighted above, DAEX gives a framework and infrastructure to the digital currency exchanging industry that incorporates the advantages of both, centralized and disseminated exchanges: solid liquidity, high-security level, transparency and moderately trustless ecosystem. DAEX recommends separating the clearing and the exchanging services into various elements. As of now, centralized exchanges will keep on providing exchanging services, yet the clearing and the settlement services will be founded on the DAEX solution. The solution is an open source public blockchain which ensures that the trader's assets are kept in their own account. In this way, DAEX clients/users can appreciate the advantages given by centralized exchanges without being presented to dangers emerging from the utilization of such a centralized model.
The accompanying details elaborate the key different between the models:
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Value
DAEX ecosystem plans to offer some unique value in four layers:
Security: DAEX gives a safe exchanging framework, where the client resources are altogether held on public blockchain and can't be moved without their authorization.
Asset distribution: since each exchange needs to do its own clearing work, the entire exchanging industry isn't making great utilization of its assets. By utilizing the clearing service, industry assets are utilized more successfully.
Trust: all activity and resources are transparent on the DAEX blockchain. The transparency gives more conviction and reductions the doubt between the users and the exchanges.
Exchanges: the partition of exchanging and clearing encourages exchanges to concentrate more on their center capabilities. Also, DAEX help to decrease the operational expenses by choosing and posting new digital forms of currency with the goal that taking an interest exchanges can trade.
The DAEX ECOSYSTEM
It is realized that a decentralized market is thought to be more protected as far as resource ownership is concern, since wallets can be access by utilizing unique private keys by traders. This is genuine when exchanging is utilized with the ledger innovation contained in smart contracts. At the point when the smart contracts are utilized with the idea of shared exchanging, it dispenses with the cooperation of outsiders to have control over. The Chain Clearing DAEX, otherwise called DAEX Blockchain, will be the center result of the ecosystem. DAEX proceeds with this pattern with the formation of ASPoS (Accumulative Signatures for Proof of Stake) for use in the DAEX Clearing Chain. With the improvement of the DAEX ecosystem, the sorts and amounts of cryptocurrency resources enlisted on the clearing chain will develop quickly.
Unique features of DAEX exchange include:
It offer transparent: This gives an open clearing chain that connects and engages direct account data. Which would then engage everybody to watch and offer the upside of DAEX's clearing normal system.
It is Secure: This gives a joint manager relationship to every last chosen resource inside DAEX condition. A stunned an encryption system for DAEX Wallet.
It is Open: This gives an open condition strengthens exchanging and clearing a foundation bolsters future subordinates business.
ICO
The price is $0.07 per DAX.
Accepted currecy: ETH DAX[/ETH ratio will be announced 24 hours before the sale starts based on the price above.
Your KYC application must be approved before you can invest and there is no whitelist.
Soft cap = 7,000ETH Hard cap = 10,000 ETH
Private contribution: 2-100 ETH per user.
Opening Date: 1 PM GMT, September 9, 2018
Closing Date: 1PM GMT, September 14, 2018
Visit Daex Website
You need to complete KYC process
More detail will be disclose via our telegram group: https://t.me/DAEXOfficial_en
Roadmap OF DAEX
DAEX is right now open on publicizing and organized exchanges. These exchanges include:
LBANK — https://www.lbank.info/
BCEX — https://www.bcex.ca/coins
INDODAX — https://indodax.com/
ALLCOIN — https://www.allcoin.com/coins
It is superb to realize that DAEX solutions as of now captured in the South Korean, Thai, Russian, Singaporean, Indonesian, and Australian markets. DAEX extended its Global ecosystem promote with key interests in distinguishing proof innovation group IAME. By partnering with IAME, the organization intends to offer a better and enhance products technical points of interest.
DAEX is an incredible platform that has a splendid future. This is your chance to benefit from DAEX today and make the most of its advantages!!!
For More detail Information About DAEX, Please Visit The Following:
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Ann thread: https://bitcointalk.org/index.php?topic=2910479.0
Twitter: https://twitter.com/daexblockchain
Telegram: https://t.me/DAEXOfficial_en