DAEX: provides institutions and individual customers an integrated clearing and settlement service
Maybe those of you who know banks from the 90s will know how complicated and complicated when transferring between banks (from Bank A to Bank B), it takes a long time, there is even a risk that your money will be lost somewhere, at Bank A is said to have sent to Bank B, while Bank B said it had not received funds from Bank A. Cases like this I often experience while waiting for monthly remittances (understand, those days were still students. Only dependent on money from parents). The best solution at that time was transferred directly to the same bank, so my parents told me to transfer directly from Bank A.
Over time, and added technological sophistication. Things like that only exist in history. Transfers between banks today are only seconds, not even the sender comes out of the ATM box, the money has entered the recipient's account. Clearing or in banking is referred to as interbank debt payable, which plays an important role in this matter.
In today's crypto world, maybe we are still in a position like banking in the 90s, that is, we can only send the same coin to one wallet, there are still many complicated things we have to go through. Example: the recipient only wants to transact and receives payments only in the form of Bitcoin in his wallet at Binance. What is the power, the dream item must be obtained, even though it has to fight harder? After checking the wallet, we only have ETH in Imtoken. Munculah complicated first episode, that we have to transfer to the market first, for example, Indodax (1), after arriving at Indodax we trade into Bitcoin (2). Well, finally we have Bitcoin to pay for the transaction. Okay, the Bitcoin is sent to the recipient's wallet in Binance (3).
Besides being complicated, there is time and money wasted, at least the transaction takes 1 hour to process from the beginning. Costs are also an obstacle, the journey from ETH to being sent to recipients in the form of Bitcoin requires 3 times the cost (marked in numerical terms)
Fee transfers in the form of gas from Imtoken to Indodax
Fee trading at Indodax for selling ETH to Bitcoin
Bitcoin transfer fee from Indodax wallet to Bitcoin wallet recipient at Binance
If calculated roughly, we need a cost of around one hundred thousand rupiah for one example.
To solve the clash above, DAEX is present, overcoming the problem without being complicated (want to borrow the slogan of the next company, afraid of being subjected to endorse costs hehe). Daex is an open and decentralized clearing ecosystem and a bridge that connects traders and the market or exchange of cryptocurrencies. The short-term Daex that will overcome and ease the fray.
Daex is made for industry players, as a centralized clearing, it can also be used for market/exchange in connection with other markets. Also for crypto traders, acting as a custody can be accessed with multi-segment key security.
In this case, Daex provides institutions and individual customers an integrated clearing and settlement service using scattered ledger/leger technology so that it can be accessed so that end users have full control over ownership of their assets. Clearing rules and payments have been preprogrammed into the DAEX Clearing Smart Contract or Clearing Chain. The clearing process has been automated without interference from 3rd parties.
More info on DAEX visit:
Site: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Twitter: https://twitter.com/DaexBlockchain
Message: https://www.t.me/DAEXOfficial
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BTT username; anddyy
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