DACX: AN INNOVATIVE CRYPTOCURRENCY AND COMMODITY EXCHANGE
With the introduction of Blockchain technology and the use of cryptocurrencies, a lot of projects have been linked to this unique technology in order to leverage on its great features which include transparency, safety, trust, decentralization etc. and several tokens/coins have been created to run the projects.
In order to add value to these different cryptocurrencies, several Trading platforms have been created and a lot are still on the way. But the big question here is, are these several Exchanges able to meet the demands of users /crypto enthusiasts? The answer is “NO “there are still a lot of challenges facing these several crypto Exchanges which do not allow crypto traders as well as investors to get fulfilled. Good enough DACX is here.
EXISTING CRYPTOCURRENCY EXCHANGES ARE NOT GOOD ENOUGH.
You may be surprised to know that even the so called “BIG” Exchanges like Binance and others still have issues of security where Exchanges are hacked by cyber criminals and cart away with traders’ funds. Some exchanges are created over night without a proper technicality in place and before you could spell “JACK “they crashed and got folded.
Also in some of these Exchanges, users especially newbies find it difficult to understand and trade their assets due to a complicated and difficult user interface and lack of effective support service. Traders on most Exchanges do not have opportunity to Exchange crypto for Fiat currencies or to trade other commodities than crypto currencies on those Exchanges. Another factor hindering crypto traders from enjoying trading experience is the high transaction fees, regular delay in transactions. Pump and dump scenario and a lot of other inconveniencies I cannot count in this article.
DACX EXCHANGE HAS BROUGHT GOOD NEWS.
DACX has come to provide solutions to the challenges on existing Exchanges and give users a great experience while trading their digital assets and other commodities.
WHY IS DACX DIFFERENT?
DACX is designed as an innovative trading platform with unique features and tools that will give traders outstanding trading experience globally. As a London based financial technology and Blockchain Company, DACX is designed to offer a next generation Exchange where digital assets and other commodities can be traded.
DACX Team is made up of highly professional men and experts in related fields whose aim is to leverage on the unique features of the blockchain to create a platform where users can trade not only crypto currencies , but also serve as a platform where tokenized securities and commodities are exchanged. With their keywords being transparency and security, DACX has the interest of their customers/ users at heart.
THE OUTSTANDING FEATURES OF DACX EXCHANGE
-Unlike other existing Exchanges DACX EXCHANGE is designed to provide a very fast transaction speed; it will interest you to know that DACX EXCHANGE able to process transactions as much as 10million per second. This is very outstanding because even the “Big Exchanges” like Binance, Bitfinex and the likes do not have such capacities.
Provision of Anti money laundry system: DACX EXCHANGE has the capacity to check and prevent money laundry which is another ill factor in the existing Exchanges. With their innovative tools, DACX EXCHANGE is able to monitor and prevent every attempt of money laundry using the platform.
Provision of effective security measures: like I said earlier, one of the keywords of DACX EXCHANGE is SECURITY and PROTECTION of users’ assets. To do this, DACX has planned to make use of four different types of wallets which are:
- Hot wallet: kept in their internal server where only a few assets will be stored for frequent asset transfer.
2.HSM ( hard ware security protection) protected Semi cold wallets which will be held by the company offsite. This type of wallet has multiple signatures and all this signature is required to permit any transaction from this wallet. - Hardware Wallet integrations
- Cold wallet: these are another secure wallet kept offline and transactions are only signed offline, this completely prevents the wallet from being compromised by cyber criminals.
Another unique feature of DACX EXCHANGE is low trading fees: DACX is designed to charge a relatively low fee of 0.1% per trade. Although there will be other forms of fees but in all they are minimal.
DACX is also creating a live chat forum where users of Exchange can communicate with each other from any part of the world. The support service on DACX is very effective.
However, I won’t forget to mention that DACX is designing a Debit Card which will allow user to make payment anytime anywhere.
To be sincere, not even half of the unique features of DACX EXCHANGE can be captured in this short article; as such I will encourage all my readers/followers to visit here DACX and the whitepaper to know more about this outstanding platform. Being a part of the social media will also help in regular updates.
DACX TOKEN /IEO
DACX is created as the main token of the DACX ecosystem and will serve so many functions on the platform. The IEO is going on now on DACX EXCHANGE where you can buy with as much as 50% discount. Also you can earn some good amount of DACX token by referring your friends.
Website : https://dacx.io/
Whitepaper: https://dacx.io/wp-content/uploads/2019/09/DACX_WhitePaper.pdf
Telegram : https://t.me/OfficialDacx
Facebook: https://www.facebook.com/dacx.io
Twittter: https://twitter.com/dacx_io
Ann thread: https://bitcointalk.org/index.php?topic=5154783.0
Authour’s btt profile: https://bitcointalk.org/index.php?action=profile;u=1760015;sa=summarya8
Authour’s name : nesbee2