INTRODUCTION
The first Cryptocurrency was pioneered in 2008 and years from other forms of digital currencies. Therefore, since the blockchain industry has been in existence, and improvement over the years has given way for the Ethereum smart contracts, Cryptocurrencies has been embraced by the populace and it has been seen as an asset to humans. Since its seen as an asset, the aim to make and maximize profit on their Cryptocurrency asset.
Cryptocurrency trading is inevitable and it is simply the medium of exchange where you buy and sell Cryptocurrency for another like Bitcoin or alternative coin(Altcoin) for USD and Euro. And since the inception of trading, Some hurdles has gripped the trading ecosystem of Cryptocurrencies. Since then, innovations most significantly Ethereum blockchain have laid the foundation for building further innovations capable of growing borderless economies. The world global financial system in its current mode of operations, is largely centralized, and that applies to Cryptocurrencies. The majority of thеѕе сrурtосurrеnсу exchanges are anyway сеntrаlіѕеd аnd аrе confronted wіth numerous difficulties as a result of their mode of operation. Thе exchanges anyway need interoperability and thіѕ hаs caused a setback іn thе advancement оf the ѕуѕtеm. Thе incessant суbеr attacks that hаѕ аlmоѕt bесоmе a major concern for рrоѕресtіvе investors аѕ they feel unѕаfе to іnvеѕt.
By making serious analysis on the existing trading system which has worked and failed many times, DAEX exchange sees the opportunity of centralizing trading of asset derivatives in a secure way over a blockchain network. DAEX is an open and circulated cryptocurrency clearing platform . It plans to solve the challenges brought by centralized cryptocurrency platforms through the distributed ledger innovation and smart contract. Since its establishment, DAEX has built up a good collaboration with some big players in the Cryptocurrency industry, e.g. Qtum Foundation, Sora Ventures, 360 et’al.
OVERVIEW OF DAEX ECOSYSTEM
Screenshot_2018-08-31-07-33-38.png
DAEX gives a framework for the cryptocurrency investors that coordinates the advantages of both centralise and Decentralised platforms solid and high liquidity, transparency, highly secured and freely accessible platform. DAEX proposes seperating the trading and clearing functions into various sections. However, after trades are matched at exchanges, exchanges send matched trades to the clearing service. The clearing service CaaS is performed by smart contracts on the distributed ledger technology. During the initial phase of DAEX, cryptocurrencies will be serviced. During future phases of DAEX, cryptocurrency derivatives will be serviced. That is, DAEX will provide clearing service for cryptocurrency derivatives traded on exchanges.
The DAEX ecosystem provides the following advantages to participants in the system:
Exchange: The detachment of clearing and trading ensures that the platform will concentrate more on their specialty. Also, DAEX help to reduce the operational expenses by choosing and listing new cryptocurrencies so that users can parttake in exchange trading.
Security: DAEX gives a most secure platform, where the traders or investors investments are protected on Blockchain network which can’t be moved, or altered without their owner consent.
Trust: The DAEX ecosystem provides a trustworthy environment for exchanges and traders. All activity and resources are carried out on the DAEX blockchain which offers high level of transparency. The transparency gives an increase level of trust and reduce doubt between both parties involved.
Future Development of DAEX ECOSYSTEM
Clearing: for margin trading and short Margin trading is a trading method when a user borrows money to establish long positions on certain cryptocurrency. Short is a trading method when a user borrows certain cryptocurrency to establish a short position.
Derivatives clearing: Because of the tremendous profit potential of cryptocurrencies, exchanges are going to provide more financial instruments for their customers to trade or hedge. Cryptocurrency derivatives such as futures and options will be provided to hedge or speculate. CBOE and CME have already introduced bitcoin futures.
Smart inclusive financing: The blockchain technology creates a brand new form of asset. This new asset form, which we call smart digital asset, is represented by bits and bytes in computer code and programs, registered on the blockchain, exchanged from account to account, and can run automatically without human participation. With this smart digital asset, we can create all kinds of assets defined by the current legal framework, from tangible assets such as car and real estate to intangible assets like stock, savings and intellectual properties.
DAEX TOKEN
The DAEX tokens are to be disseminated in return for donations either private or community. Due to restrictions there is public sale. In the initial offering, the DAEX token will be an ERC20 base token. When the DAEX platform is fully underway, those ERC20 tokens will be repurchased and burned and new local tokens will be issued with 1 to 1 proportion.
TOKEN DISTRIBUTION
Screenshot_2018-08-31-07-42-22.png
ROADMAP
Screenshot_2018-08-31-07-40-20.png
THE TEAM
Screenshot_2018-08-31-07-40-47.png
FOR MORE INFORMATION:
Website: https://www.daex.io
Telegram: https://t.me/DAEXOfficial_en
Whitepaper: https://www.daex.io/pdf/DAEX%28EN%29-NonTechnicalWhitepaper-V0.9.8c.pdf
