Daex

In a short presentation, It’s been a stimulating 18 months for cryptocurrency darlings. Regardless of the way that Bitcoin, the first and most productive cryptocurrency pushed in 2009, it was generally direct going until the beginning of 2017. Regardless, when things finally started to take off, it was a moonshot.

As demonstrated by data fused by CoinMarketCap, cryptocurrency had a total market best of under $20 billion toward the start of 2017. Just a year later, that total best would outperform $800 billion. In the midst of this time, countless best coins achieved a marketcap that moved nearer or outperformed the aggregate top from the most punctual beginning stage of the year.

There are right now two kinds of exchanges. Everyone has its points of interest and hindrances;

A centralized exchange executes exchanges without a middle person. Clients resources are ensured and there are low exchanging and clearing costs. It influenced by poor liquidity choices, coordinating pace and flexibility. The unified exchange furnishes awesome liquidity alternatives combined with high coordinating velocity and adaptability, however they are intrinsically defective in their present foundation by presenting clients' advantages for both genuine interior and outer risks which have led to recent security incidents.

DAEX is a dispersed advanced resource clearing biological system in light of a decentralized clearing chain and conveyed computerized wallet. Through the foundation of a straightforward and secure administration system, another clearing system for advanced resource exchanges will be set up later on to address the key issues of credit, execution and security in the computerized resource biological system lastly accomplishing a protected, solid and open environment. Forsake a definitive quest for the focal point of centralization, through the mix of conveyed exchange stage and decentralized clearing and settlement framework, we will accomplish the everybody observer of significant worth Internet.

The DAEX solution will be an open sourced clearing service based on a public blockchain�. The DAEX clearing solution depends on distributed legder technology. The distributed ledger technology ensures that exchanges are effectively and securely cleared and settled. By utilizing distributed ledger technology, traders benefits are kept in their own particular wallet on the blockchain. No one else can get to traders benefits without their permissions.

The DAEX Foundation's obligations include yet are not limited to the following;

Public relationship
�Arbitrage and reconciliation
Strategic decisions
Fund management
Compliance and auditing
Information revelation
A private clearing record will be opened for each customer. This acount is used to enrolled computerized resources, keep resource adjust and clearing history.

The DAEX wallet is the client arrangement of the clearing chain. It is an unmanaged, decentralized wallet that can be utilized for various sorts of digital currency

DAX; DAEX Ecosystem
The DAEX ecosystem uses token DAX to facility the cooperation among
different parts on the platform. Soon,2 those original ERC20 tokens will be repurchased and destroyed. The clearing chain’s new native tokens will be issued with a 1 to 1 ratio. �

Raised; $79,452,786
Contract Address
https://etherscan.io/token/0x0b4bdc478791897274652dc15ef5c135cae61e60

Roadmap

Trading Exchanges
LBank

Allcoin

BCEX

INDODAX

SEADEX

Team and Advisors

Benjamin Gu, Chairman of the DAEX Foundation, worked at the US Options Clearing Corporation and was associated with the advancement and activity of the US alternatives exchanging business sector’s clearing framework ENCORE. The group comprises of experts with rich involvement in blockchain who already worked for well known money related organizations and best IT organizations.

Growing Partnership
Key DAEX partnership incorporate Qtum Foundation, 8 Decimal Capital, DFJ Dragon Fund, IDEL, J One Capital, JRR and different other unmistakable venture associations.

Conclusion
The DAEX Foundation is a clearing answer for the brought together cryptocurrency exchanging exchanges and depends on the decentralized clearing innovation. The procedure works by programming the clearing and settlement rules into the smart contracts on the DAEX clearing chain. Since the DAEX clearing system depends on the decentralized storage innovation, it ensures all exchanges are directed securely and accurately cleared and settled.

If you don’t mind visit http://daex.io/ to download the DAEX white paper and join the DAEX official network on Telegram: https://t.me/daxeofficialgroup or on Twitter. Check out DAEX Medium and Reddit.

Written by Phatpharm20

Bitcointalk Username; Phatpharm20

Bitcointalk profile link; https://bitcointalk.org/index.php?action=profile;u=2038562