DAEX Review

haitran90 (26)in #daex • 6 years ago (edited)

What Is DAEX?
DAEX, discovered online at DAEX.io, is an open and distributed cryptocurrency clearing platform. The objective of the platform is to give clearing answers for unified crypto trades.
The project is being driven by a Switzerland-based association called the DAEX Foundation. That association has just achieved organizations with the Qtum Foundation, Jenga Blockchain Capital, Sora Ventures, 8 Decimal Capital, 360, and others.
DAEX needs to make a crossover trade that brings together the advantages of unified and decentralized trades. DAEX is one of a few associations seeking to dispatch a cross breed trade.
Clearing And Settlement
The clearing solution is based on distributed ledger technology, a consensus where data spreads across multiple channels, with no centralized administrator or storage of data.
The rules for clearing and settlement are placed in preprogrammed smart contracts. This efficiently automates the process and eliminates human interference.
All digital assets stored on exchanges that support DAEX solutions are stored on DAEX’s clearing chain. The assets cannot be accessed by any participants without consent by the owner
Ecosystem
. Wallet Supporting multiple assets for both enterprise and individual level customers.
. A public clearing chain supports cross chain clearing for digital assets.
. Supporting investments of cryptocurrency exchanges and wallets, cross chain solutions and asset management projects.
DAEX Tokens
.DAEX tokens are used as a reward mechanism. Those who contribute to the DAEX ecosystem – like nodes that participate in the clearing process – will receive a reward in the form of DAEX tokens.
.There are three types of nodes eligible to receive DAEX tokens, including public nodes, exchange nodes, and super nodes.
.DAEX tokens are ERC20 tokens on the Ethereum blockchain. However, when the DAEX blockchain is launched, those tokens will be repurchased and destroyed, at which point the company will release new native DAEX tokens with a 1:1 ratio.
.DAEX tokens were distributed via an airdrop at the end of February. 20,000 tokens (listed under the symbol DAX) were allocated to the airdrop program for the first 500 users who submitted applications through the DAEX Foundation’s Telegram group. Additional airdrop programs will be announced over the coming months (check DAEX’s Telegram to view the latest airdrop news).
Team
DAEX is driven by 5 full-time team individuals, including Benjamin Gu (Chairman), Hua Zhang (Co-Founder), Jason Tang (Co-Founder and Chief Architect), Yan Zhou (Wallet Architecture Scientist), and Bingliu Shen (Partner).
DAEX has just collaborated with ACX, Star.io, Allcoin, BCEX, CoinComing, and Bitstamp.
The DAEX Foundation was established in Switzerland in 2018

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