The Global DAEX Foundation (www.daex.io) are the creators of DAEX (Digital Assets Exchange), an open and distributed clearing ecosystem for cryptocurrency exchanges. The goal of the project is to alleviate the responsibilities of centralized exchanges by providing them with identity authentication, asset registration, asset clearing and asset settlement services. Centralized exchanges who are part of the ecosystem will remain in control of matching trades, although the aforementioned services will be provided by DAEX using distributed ledger technology and smart contracts. With a wide range of products, the ecosystem will provide several benefits to all participants (exchanges and traders) involved.
What is DAEX?
DAEX is an open and decentralized clearing ecosystem for cryptocurrency and bridges that connect currency trade exchanges. This too serves as a trusted guard for mutiple crypto assets. Clearing rules and clearing are programmed to complete smart contracts on the Clearing Chain DAEX (also referred to as "clearing chain"). Automatic clearing process without third party intervention. The objectivity of clearing is guaranteed by a consensus mechanism on the clearing chain. The customer's digital set is registered and stored in the clearing chain. No other institution or individual can access this asset without the owner's permission.
DAEX ECOSYSTEM
DAEXEсоѕуѕtеm соmрrіѕеѕ оf a сlеаrіng ѕеrvісе whісh соmbіnеѕ thе dіѕtrіbutеd lеdgеr tесhnоlоgу wіth thе centralized exchanges аnd uѕеr wallet, еvеnlу mеrgіng twо ѕуѕtеmѕ tо сrеаtе a ѕuреr ѕуѕtеm whісh wіll ѕеrvе аѕ a сlеаrіng ѕеrvісе.
A сlеаrіng ѕеrvісе thаt is рrоvіdеd uѕіng a сlоud mоdе. Thе сlеаrіng fасіlіtу is dерlоуеd оn a рublіс сlоud. Exсhаngеѕ аnd сlеаrіng mеmbеrѕ оbtаіn сlеаrіng rеlаtеd ѕеrvісеѕ thrоugh APIѕ оr сlіеntѕ. Hоw thіѕ wоrkѕ іѕ thе Crурtосurrеnсу clearing ѕеrvісе bаѕеd оn dіѕtrіbutеd lеdgеr tесhnоlоgу. іt uѕеѕ Clеаrіng аѕ a Sеrvісе (CааS) mеthоd tо рrоvіdе сlеаrіng ѕеrvісеѕ fоr сrурtосurrеnсу еxсhаngеѕ, hereby trаdеrѕ uѕе thеіr wаllеtѕ tо perform trаdеѕ оn еxсhаngеѕ, аftеr trаdеѕ thеу аrе mаtсhеd аnd mаtсhеd trаdеѕ аrе ѕеnt tо thе сlеаrіng ѕеrvісе.
Safe - A joint custodian organization for all registered assets in the DAEX ecosystem. Multi-level encryption mechanism for DAEX Wallet.
Transparent - A public clearing network that allows transparent accounting information. Allowing everyone to witness and share the benefits of the DAEX clearing ecosystem.
Open - Open ecosystems support trade and clean up infrastructure that supports derivative businesses in the future.
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.
It is known that a decentralized market is considered to be more safe in terms of asset ownership, because wallets are accessed using unique private keys by traders. This is true when trading is used with the ledger technology contained in smart contracts. When the smart contracts are used with the concept of peer to peer trading, it eliminates the participation of third parties to have power over. The Chain Clearing DAEX, also known as DAEX Blockchain, will be the core product of the ecosystem. DAEX continues this trend with the creation of ASPoS (Accumulative Signatures for Proof of Stake) for use in the DAEX Clearing Chain. With the development of the DAEX ecosystem, the types and quantities of digital assets registered on the clearing chain will grow rapidly.
Some of the characteristic features of DAEX include:
It is Transparent : This provides an open clearing chain that engages direct accounting information. which would then empower everyone to watch and offer the upside of DAEX's clearing natural network.
It is Secure: This provides a joint manager relationship for each and every selected asset inside DAEX condition. A stunned encryption framework for DAEX Wallet.
It is Open : This provides an open condition reinforces trading and clearing an establishment supports future subordinates business.
ROADMAP
ABOUT TOKEN DAEX
The initial token of the DAEX platform will be a compatible ERC 20 and swap at a 1: 1 ratio will be made 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.
Ticker: DAX
Token Type: ERC20
Total Token: 2,000,000,000
Use of DAX Tokens
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 praiseworthy and have solutions to the problems that traders are currently experiencing
For information about Daex, please visit this link:
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 :
Bitcointalk username : Driean
Fropil link : https://bitcointalk.org/index.php?action=profile;u=545651
Wallet Adress : 0x0872bf5Fb779e726D5438ed144B304322117b697
