DAEX: Innovative Clearing House Platform for CryptoExchanges

The block chain technology, a brainchild of an unidentified Satoshi propped up in the digital sphere late 2008. Several years after, the world had gone on to benefit from a seemingly unrealistic project.
Few months into its formation, cryptographic currencies were introduced. With Bitcoin lapping the first water of this technology, more currencies began to emerge. At the last count, about 2, 000 cryptographic currencies worth $280 billion USD are available. Nonetheless, these currencies’ scope are limited to the digital space haven been literally rejected in certain quarters.
To this end, the market value of these currencies is not to be wished away. The block chain had prided itself as autonomous. Hence, its transactions cannot be regulated. With strict financial regulations, digital currencies cannot be traded in fiat scenarios. Thus, exchanges were developed on the digital space for their transactions.
Centralized exchanges (CEX) had held sway but were later dumped for an alternative. CEX demands that users’ data are open-sourced. Likewise, transactions are conducted with their permissions just as they formulate the pattern for such transactions. Decentralized exchanges (DEX) proved better variant to the former. Transactions are anonymous with users having firm control. Despite its downsides, CEX has amazing features just as DEX. To this end, a unanimous platform was sought.

DAEX – A Hybrid Ecosystem

Ecosystems are pivotal to every chain’s transactions. DAEX was developed to unify CEX and DEX for scalability. By this unification, the project is drawing upsides from both exchanges. These will be brought to bear on transactions piloted on the platform.
On its hybrid ecosystem, CEX will no longer be centralized. Though providing trading services as before, it will be fully decentralized. DEX on its part will be placed on the DLT. This will breed transparency since transactions are clearly recorded.
One Wallet
Trading on major cryptographic currencies aside being risky, demands effective storage. Digital wallets are the one-stop channel for storing your digital coins. With the number of these currencies multiplying in three folds, trading on different exchanges might not be easy. Since many of these currencies are not interoperable, there was need to bring them down to one point.
DAEX introduces a mono digital wallet. The wallet supports multiple currencies. With this, you can trade on Bitcoin and other currencies at the same time.

Clearing House on the Block Chain

This is where this project’s interest lies. Given the decentralized nature of the block chain, many projects claim decentralization. Ironically, most of these projects and currencies do not measure up to given standards. This is perhaps why the block chain suffers scalability downsides.

To this end, DAEX forged a concept that is relatively unknown to the technology. Similar to fiat warehousing, the project positions itself as a clearing house. By this, sanctity will be returned to the once serene block chain. DAEX will fish out irrelevant coins and from its sorting; only attainable currencies can make it into its ecosystem. Hence, you can now trade with assurance.

Backed by the Clearing as a Service (CaaS) feature, DAEX will be link to other key participants such as users and exchanges. Assets will be authenticated before they can be accepted as exchanges on the platform.

Distribution of Tokens

Token Specifications
Ticker: DAX
Standard: ERC20
Platform: Ethereum
TokenSupply: 2 billion
Exchange Rate: 1 DAX= $0.07 USD
Country of Registration: China
Restricted: China, USA

The DAEX’s Team