DIFX - World's First Fully Insured Cross Asset Trading Platform

cryptoholical (36)in #difx • 4 years ago

PREAMBLE

The traditional separation of asset classes into distinct business organizations with incompatible trading systems is an idea whose time has ended. Today the growing quest to automate every variety of asset trading – and in so doing to make possible the trading of assets among different classes – has created a growing business case for cross asset systems. Still, business case notwithstanding, it remains all too easy to fail at cross-asset trading.

Creating a cross-asset trading system gives firms new sources of profitable trades while managing risk exposure. The key is to keep latency low and speed high. During the past several years, numerous firms have tried and failed to implement cross-asset trading, because they underestimated the challenges of integration. The firms that are succeeding understand the ideal pairing of maximized integration and minimized latency.

With that being said, DIFX's mission is creating hybrid working model of a centralized as well as a decentralized exchange which incorporates atomic swaps with the power of Blockchain technology.

Now that I have your attention, let’s get right to it.

What exactly is DIFX?

The Digital Financial Exchange (DIFX) is a platform that wants to disrupt most of the existing features offered by the current digital asset trading platforms. DIFX is a blockchain based cross asset trading platform focusing on reshaping the entire system of crypto trading in the global crypto sphere. The platform offers wide range of services to facilitate ease of transaction, security and efficient trading system for the entire global crypto communities.

Amongst the services offered by DIFX includes Crypto exchange service, Cross asset platform and Wallet service provider. DIFX platform will develop an effective cross asset trading system which will allow swaps of different kinds of crypto assets with a very high speed and affordable transaction cost. Apart from offering swapping service, the platform will also offer Wallet service where crypto users all over the wallet will be able to store their assets securely in a decentralized storage system. The wallet will enable users have complete control over their crypto assets since they will be having their private keys with them.

The Mission

The DIFX's mission is to create a safe and hybrid working model of a centralized & decentralized exchange that combines atomic exchanges with the power of Blockchain technology.

The Vision

DIFX wants to create a new financial order, in which Digital Currency is used for direct settlement between payer and recipient. The platform will help millions of unbanked individuals use digital currency because of its simplicity of use.

DIFX will leverage blockchain technology to make money transfer services accessible and to add value to our customers for profitable use of digital assets.

The DIFX Ecosystem

DIFX Ecosystem consist of three major sectors which includes:

DIFX Exchange

DIFX Exchange will create a robust digital asset trading platform which will allow everyone to trade varieties of Digital assets such as FOREX, Commodities, Stocks, Futures, Derivatives, Cryptocurrencies and more. DIFX will integrate Fiat into their Digital assets trading platform to allow users exchange their various digital assets for fiat.

DIFX will offer digital asset trading service for different class of traders, be it newbies, experienced and professional traders with different interface offering centralized and decentralized exchange system.

Multi Currency Wallet

Amongst the products of DIFX ecosystem includes Multi-currency wallet which allows users ability to store their various crypto assets securely and take complete control of those assets through their special keys. The wallet is secured with multi-layers security to protect the users assets and investments.

DIFX Cross Asset Swapping Platform

DIFX offers cross chain swapping service which allows varieties of crypto assets being exchanged for one another as long as they are listed in the exchange. DIFX focuses on creating hybrid system of Crypto exchange comprising of centralized and decentralized exchange. These exchanges will be powered on blockchain technology and will incorporate atomic swap model.

The Features

Encryption of track using the latest tools such as VPN, SSH, and 256-bit AES encryption.

Individual verification of crucial details to avoid identity theft and other forms of fraud.

AES encryption prevention: A sophisticated encryption algorithm that decrypts encrypted confidential data.

Anti-CSRF token: CSRF is Cross-Site Request Forgery, which is a type of attack in which a malicious actor makes an unwanted action on a trusted site.

Mail ID encryption: Prevents hackers from decrypting/editing the email address using our database.

Device-based tracking (IPAddress, MAC Address/Mobile device ID, User) and IPbased admin panel login.

A hidden mailing system implementation for the exchange to know the present login credentials for the admin panel, in case a hacker changes it internally or externally.

The Database retains a log of admin login pattern and wrong login attempts.

Auto logout and re-login for the admin to protect attempted hacks on ongoing sessions.

DIFX constantly exploring the latest techniques to strengthen the safety measures and security features of the services. DIFX has a development board where the team is constantly assessing new features and algorithms that can spruce up the security as well as the performance of all the components of the exchange.

WHY YOU SHOULD CHOOSE DIFX?

Decentralized Exchange Custom Matching Engine as used in Centralized Exchange. The matching engine will also have an access level for the Blockchain to change the state of the coins/tokens to their respective tokens to be stored for transactions. Matching engines will also have access to change the status from Net Exposure to Trade.

Wallet Integration All transactions in the Exchange will be directly carried out in the user's wallet and updated as blockchain transactions. This will ensure that the exchange is fully decentralized, and all cryptocurrencies will always be with the user. Each user's public and secret key will be required for the exchange to be decentralized. All tokens/coins in centralized wallet will be transferred to user's wallet. All Future transactions for the user will take place from their wallet to the wallet of the other users participating in the transaction.

About The DIFX Token

The DIFX token is a utility token created on the ERC20 Ethereum blockchain. Utility tokens are tokens that are meant to provide digital access to applications or services via a blockchain-based infrastructure. DIFX allows instant transfers while providing certain values and discounts to DIFX users.

The token main features include:

ERC-20 based tokens are used in the DIFX Ecosystem

Future plans to build a native blockchain platform

This will power future DIFX services and products

Faster transaction times

Faster payment settlement

Token Details

Symbol: DIFX

Total supply: 550 Million Tokens

Soft Cap: USD 13.2 Million

Hard Cap: USD 50.94 million

Acceptable payment options: BTC, ETH, USDT

Fund Allocation

Token Allocation

ROADMAP

2019 - Q2

The start of a hybrid exchange

Looking for DIFX manufacture

2020 - Q2

Started DIFX Exchane software development

Start development on a private blockchain

Started private sale of DIFX chips for sale

2020 - Q3

Ongoing private sale of DIFX tokens

Purchase of exchange of licenses and wallets

2020 - Q4

Purchase a securities dealer license

Launch of the DIFX Exchange IEO Platfrom

Launch of the DIFX token on the Exchange IEO Platfrom

2021 - Q1

Launch of the DIFX Cross Asset Exchange

Launch of the Cross Pairs between G7 Fiat, Cryptocurrency and commodities

Launch of futures, index and ETF trading for European and American markets

Launch of DIFX on IOS and Android

2021

Launch of Q2 OTC Platfrom together with

White Label Custodian Services solutions offered by Exchange are integrated with cryptocurrencies, Forex and commodities

DIFX card issuance

Launch DIFX tokens are traded on CEX and DEX

2021 others

Q3 Offer API for all Exchange products

Starting with FII (foreign institutional investors), banks and large companies

Launched DIFX exchange events in Asian and African countries

Launched DIFX Advisor

Blockchain 20 Q4

Launch of Blockchaim decentralized exchange DIFX

Investments Start-Up

Launch of the Blockchain Development Center

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://difx.io/

Whitepaper: https://www.difx.io/pdf/DIFX_WhitePaper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5312227

Twitter: https://twitter.com/difx_io

Facebook: https://www.facebook.com/difxexchange/

LinkedIn: https://www.linkedin.com/company/difx-io/

Instagram: https://www.instagram.com/difx.io/

Reddit: https://www.reddit.com/user/DIFX_

Discord: https://discord.com/invite/nU5gpgxW