DAEX is a solution to clean the ecosystem for trading crypto currencies. DAEX's own goal is to create better infrastructure in the crypto currency industry. Because prioritizing users' main securities by using distributed ledger technology, will make merchant assets stored in their own blockchain accounts. Of course that makes other people unable to open and change assets from the merchant's permission from them. And that's enough to help traders wary of selling and buying crypto currencies in currency exchange or centralized or centralized crypto currency markets. Where the risk of trading in the market is centralized, such as hacking and fraud problems, because the merchant's assets are centralized and stored together. However, the advantage of trading in a centralized market is the speed of transactions, more flexibility and guaranteed liquidity. That way DAEX provides a solution using distributed Ledger Technology.
DAEX mission
To separate clearing and trading into individual entities, it also makes multi-asset wallets for companies and traders.
DAEX goal
The aim of DAEX is to alleviate centralized exchange responsibilities by providing them with identity authentication, asset registration, asset clearing and asset settlement services.
DAEX ECOSYSTEM
DAEX consists of clearing services based on ledger technology that is distributed and centralized
Aman - A joint custodian organization for all assets registered in the DAEX ecosystem. Multi-level encryption mechanism for DAEX Wallet.
Transparent - A public clearing network that allows transparent accounting information. Allows everyone to witness and share the benefits of the DAEX clearing ecosystem.
Open - Open an ecosystem that supports trade and clears infrastructure that supports derivative businesses in the future.
Security Issues
Hacking is still common in some exchange companies. This is difficult to avoid because of the lack of additional security on each platform. After hacking often occurs, many exchanges must reach consensus that general clearing and asset custodial services are needed to protect markets and ensure sustainable market growth. The rapid development of cryptocurrency trading requires a more effective and safer clearing service. Therefore DAEX is the answer to the needs of this market.
Profit
Securing
Participating exchanges must meet the business and technological requirements of the ecosystem, so that the quality of trade services is maintained. All assets are owned by blockchain. Assets cannot be moved without user permission. Multi-part private keys better protect user assets and also a safe recovery mechanism if the user loses his private key. Smart contracts and blockchain technology guarantee the truth of clearing and settlement.
Trust
Decoupling between trading and clearing is the best way to ensure the security of a customer's trading assets. Insurance funds donated by participating exchanges provide another layer of security. The DAEX ecosystem provides a trustworthy environment for exchanges and traders.
Open
First of all, the DAEX ecosystem is open and welcomes new exchanges. Exchange that participates in the DAEX ecosystem can use all products and services provided by DAEX, including wallets and clearing. Second, participating exchanges can expect to use more DAEX value-added services to be provided, including cryptocurrency derivative trading.
Characteristics of DAEX
Centralized exchange has a long history of being the main target for hacking groups. It seems like a weekly event where thieves can access and steal funds from these entities, with stolen amounts ranging from hundreds of millions of dollars.
Similar to a bank, this centralized entity has complete control over funds when a trader makes a deposit on the exchange. They also act as clearing houses that provide order matching, clearing and settlement services. With this infrastructure, traders must fully trust the exchange to not only keep their assets safely from external and internal threats, but also facilitate the trade that occurs. The hot wallet they use to store their customer's digital assets allows hacking.
DAEX wallet
supports many assets, which are accessed using multi-segment keys. Double encryption makes your wallet safe and protected. End users have complete control and ownership of their assets.
DAEX CLEARING CHAIN
is the core product of the DAEX ecosystem. This provides individual institutions and customers with integrated clearing and settlement services using distributed ledger technology.
DAEX FUND
Support investment in currency and wallet exchange, cross-chain solutions and asset management projects.
ABOUT TOKEN DAEX
The initial token of the DAEX platform will be a compatible ERC 20 and a swap at a 1: 1 ratio will be created when the DAEX blockchain is launched. Ticker is a DAX token and will be used as a reward mechanism and will be used to pay clearing and for settlement at the DAEX ecosystem. This use makes DAX tokens the core in the ecosystem and this will help drive value.
A sign buyback program will be carried out to avoid inflation and a gradual lockout program for some tokens issued during the ICO phase. It aims to maintain a reasonable number of tokens on the market.
Conclusion
In conclusion, as a DAEX user, you continue to enjoy the benefits (quick and easy trading) of centralized exchanges and you don't have to worry about the risk (hack and theft) attached to it. DAEX will make you covered in the security field and more. projects that are commendable and have solutions to the problems experienced by traders today
FOR MORE INFORMATION:
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2910479.0
Telegram: https://t.me/DAEXOfficial_en
Twitter: https://twitter.com/DaexBlockchain
AUTHOR: cobaahyuk
PROFIL LINK: https://bitcointalk.org/index.php?action=profile;u=1785718
ETH: 0x952Ba6f317cdD5f5aa6655CE6eCdcEd0252a72d2
