DAEX: A NEW STEP OF HEIGHT IN BLOCKCHAIN VIA A CLEARING SOLUTION BASED ON DLT
Only a few will disagree that it is no news anymore that blockchain technology since its arrival has change so many things, for good if i may add. Crypto currencies are now being used widely by companies and businesses, investment is now being made on a rapid growing rate. Incoming Projects and innovation which has discover the benefits of blockchain technology are now using it to their advantage. one of these new innovation is the project platform we are about to look into. This project goes by the name DAEX. As we move in, we will discover that this project has a lot of positives to offer to the blockchain technology world as a whole. And also it has the necessary features and tools to eradicate the problems currently plaguing the system. Let's take a moment to go through the platform.
DAEX is an known to be an open and decentralized clearing and settlement ecosystem for all cryptocurrency exchanges introduced with the aim of offering a higher level of exchange and clearing framework providing maximum improvement of the blockchain technology exchange sector simply by utilizing vital aspects of the standard securities industry and also via making employments of new open doors got from the rise and presence of the appropriated record innovation. Daex blockchain will imminently segment the frameworks into diverse important sectors.
INTEDED PROBLEMS TO BE ERADICATED
The DAEX network having studied the system has identified some major problems posing as a setback threat. These problems are identified as we move on. We can see that in the aspect of exchange framework, the centralized exchanges are currently inferior to the it simply caused by the impact of its computing feature, openness and high level of proficiency, secure exchanges framework, claering cost and others to be mentioned on. Abiet these, liquidity, coordinating pace and adaptability are also proving to be relative roadblocks associated with the disseminated framework. Given all these, we have observed that the decentralized framework isn't as broadly utilized in cryptocurrency exchanging as centralized frameworks, and the reason is well known. It is evident that the current centralized exchange frameworks are in possession of more advantages in the aspect of providing adequate liquidity, higher coordinating rate, and adaptability even as they are not in all-round convenience. Lastly, when exchanges provide users with merits, they tend to open users resources for some unforseen threats, and such actions by exchanges are of no use and dangerous, but given that there is no way to decide the exchange objectivity, these plagues may creep in the framework which might not be the best.
DAEX AS THE SOLUTION
The DAEX platform which was developed to see to the problems aforementioned and possesses the tools to solving them will see to the centralized exchanges giving exchanging administration and simultaneously the clearing work would be taken care of via a clearing administration. Presently viewing the centralized clearing administration framework(DAEX ecosystem), it is evident that the DAEX clearing administration depends on the decentralized conveyed record innovation which guarantees the fact that exchanges are adequately managed, with high resilient security cleared, settlement and execution.
Also, the aforementioned feature makes sure that merchant's merits are put down in a special type of records on the blockchain technology framework making it that without approval form them, No one can get to their benefits. DAEX makes it a priority to publicly released clearing administration in mind keeping of the cryptocurrency blockchain. Its code would be open for general audit, assessment, and supervision, in other words, operating on full transparency. One of the platform's feature which is the clearing arrangement is made up of the clearing chain known as the reference point of the DAEX ecosystem. We have ot that the clearing contract in the system is paramount and works in the necessity of a smart contract in the framework. Clearing instrument is a specific component composed in light of the clearing esteem factor and its used to counter assault or unauthorized access into the framework in the system.
THE DAEX ECOSYSTEM
In the DAEX ecosystem, it it made up of a clearing service based on distributed ledger technology, centralized exchanges and user wallets. Users utilize their given wallets for trades activities on exchanges, and after trades have being confirmed matched at exchanges, it is being sent to the clearing service which is performed by smart contracts on the distributed ledger technology. Cryptocurrencies are to be serviced during the starting phase of the platform, and during latter phases, cryptocurrency derivatives also will be serviced meaning DAEX will offer clearing service for cryptocurrency derivatives traded on exchanges. The ecosystem framework promises to be reliable, open and secure. The platform will integrate in the latter phase a clearing for edge exchanging, subsidiary clearing highlight and smart comprehensive financing.
TOKEN DETAILS AND DISTRIBUTION
The official token to be utilized on the platform is known as DAX. It is used for settlement, clearing, exchanges and expense installment amongst all other uses. It has a total supply unit of 2Billion. The image below depicts how the tokens total supply will be segmented; 
For More Details;
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Twitter: https://twitter.com/DaexBlockchain
Telegram: https://www.t.me/DAEXOfficial
Bounty0x username: Teepheh