DAEX is a blockchain technology-based project, led by a Swiss organization “DAEX Foundation”. This project is launched to offer the users with crypto clearing solutions for a variety of cryptocurrency exchanges. It will offer the crypto traders and investors with a hybrid exchange. The users will experience the benefits of both decentralized and centralized exchanges through DAEX’s hybrid exchange.
Though a number of other decentralized projects are working to provide the same solution, DAEX is focusing on several different issues. The founders believe that today’s crypto industry is facing a lot of issue due to which the investors and traders face a considerable loss. DAEX wants to resolve these issues through the solutions offered within its ecosystem. Let’s check what this project has to offer.
DAEX will try to make crypto trading easier and more beneficial for common traders and investors. It will take considerable parts of mainstream securities and leverage the benefits offered by the blockchain technology to offer better crypto investment solutions. This platform aims to turn trading and clearing into two separate entities.
DAEX is not one of those decentralized platforms that want to completely remove the centralized exchanges. It will let centralized exchanges offer their trading solution, but the clearing job will be performed by a common clearing service. It will be totally based on solutions offered by the DAEX ecosystem. While centralized exchanges follow traditional and erroneous ways to meet the traders’ demands, DAEX will provide solutions totally based on distributed ledger technology. This technology is proven essential when it comes to clearing trades accurately and safely.
DAEX’s solution is based on the blockchain technology and it will offer every user with crypto wallets to protect their assets. This wallet will support several different digital assets and it will allow the clearing chain to manage the clients’ assets safely. A wallet is essentially an account created on the blockchain. Only you can access it and use it if you are the owner and no one else can ever touch your assets without your permission.
It will effectively eliminate all the risks associated with losing crypto assets which often trouble the users when using a centralized exchange. This platform is going to feature an open sourced clearing service that anybody can assess and supervise for a better performance.
The DAEX team includes five key members who are offering their full-time services to develop this platform. The team includes Benjamin Gu who is the chairman, Hua Zhang who is the co-founder of this project, Jason Tang who is chief architect and co-founder, Bingliu Shen the partner, and Yan Zhou the wallet designer and scientist. They all have great expertise in the crypto industry and they know how a hybrid exchange can resolve some of the most troubling issue related to crypto trading.
DAEX is a technologically rich project that will be one of a few projects which aim to offer the features of both centralized and decentralized exchanges. High liquidity, better safety, and complete transparency are the features that will draw investors towards this project.
