DACX - Digital Asset & Commodity Exchange🔴
The DACX platform has the vision of increasing the opportunity for the inclusion of every type of investor into the crypto space, which is bound to increase the liquidity of the industry. The DACX exchange looks to list STOs in the future, which guarantees that the security of the entire ecosystem is going to be highly upheld. Any investor can trade on the DACX exchange and tokenize their physical commodities, which of great convenience.
The DACX platform looks to eliminate a couple of challenges facing the crypto market, which are what I will discuss in this article, so keep on reading Steemer!
Challenges that DACX aims to overcome.
Fraudulent hacks and thefts.
As we all know, the crypto space has gone through some major hacks, which have led to numerous investors incurring heavy losses and affected the reputation of the industry negatively. Some people have lost trust in trading cryptos due to some of these hacks, which contradicts the main goal here, mass adoption.
Slow order making machines.
There are times when the market prices are favorable, and traders tend to make a high number of orders, which makes the flow of trades significantly slow. Furthermore, the execution of these numerous orders is usually poor, and there is a lot of slippages. This is how high volatility is born, and its results are severe. I am talking about system overloads, especially for matching engines built on a single-threaded architecture.
Uncertainty of funds/fiat withdrawals.
Exchanges that are unregulated and operate fiat on/off ramps tend not to segregate customer funds as it should be. The result of this is a lack of compliance towards AML and CFT regulation, which eventually leads to failed banking relationships. The security of customer’s finds is left at risk of being manipulated by fraudulent individuals as a result.
Market abuse and manipulation.
There are individuals in the crypto market whose intentions are not good, and they end up getting involved in fraudulent activities to generate profit. The results are usually frustrating because other genuine traders end up losing funds.
Non-disclosure of beneficiaries.
Some exchanges as well are not as genuine as they should be and end up holding information on their senior management. Operations of such exchanges are done illegally, which means that if there is a problem with the system, there will be no one accountable.
Lack of liquidity.
Both retail and professional users are greatly affected by thin market liquidity because it means there is a high risk of slippage during the execution of trades. DACX is however bent on solving the issue of thin liquidity by bringing more opportunities for the inclusion of all types of investors.
DACX looks to solve all of the challenges mentioned above and numerous more, which are currently plaguing the crypto space to ensure that everyone gets a seamless crypto trading experience. Being a centralized exchange, DACX exchange is going to ensure there is a highly experienced and professional management team that will be responsible for the security of trader’s digital assets.
CONCLUSION.
Keep track of all the updates on DACX project from their official website and make sure you become a part of this innovative project once it has been successfully launched. The future of the crypto space is here.
For More Information about DACX:
Website: http://dacx.exchange
Bitcointalk Link: https://bitcointalk.org/index.php?topic=5197112.0
Telegram: https://t.me/OfficialDacx
Facebook: https://www.facebook.com/dacx.io
Twitter: https://twitter.com/dacx_io
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