INTRODUCTION
The cryptocurrency market is without doubt one of the fastest growing new markets in modern history. It's total market cap fluctuates around $200,000,000,000 with daily exchange volume of over $10,000,000,000 and it's steadily growing. The explosive growth of cryptocurrency has increased the number of crypto traders as well as exchanges. Currently, there are over 500 cryptocurrency exchanges and the number is growing steadily exponentially. Despite the beehive of trading activities in exchanges, most of the key issues are yet to be addressed. Most exchanges suffer from system overload as a result of poor architecture, lack of AML compliance and CFT regulation, low liquidity, market manipulation, security challenges, absence of the necessary trading tools, poor market analysis as well as poor support team.
The team at DACX exchange are concerned about the plight of crypto traders, and as such as came up with a game-changing top notched crypto exchange that is designed with the customers at heart. It has low latency and secured with the latest state-of-the-art cyber security technology to keep hackers at bay. More also, it has an amazing simple user-friendly interface, 24-hours dedicated support team to assist clients and it's also packed with amazing features such as, market analysis, technical charts and analytics to make the trading of assets simple, efficient and to give customers a satisfying trading experience.
WHAT IS DACX EXCHANGE?
DACX simply means digital asset and commodity exchange. It is the next generation centralized digital asset trading platform that's located in London and leverages machine learning and DLT to facilitate cross-boarder transactions of multi-currency payments, assets and commodity via tokenization, smart contract and escrows.
"DACX exchange goal is to provide a platform for both primary and secondary markets beyond traditional cryptocurrencies by venturing out into the world of tokenized securities and commodities".
The platform is designed with a simple user-friendly interface to enable both newbies and expert traders to easily navigate through the platform coupled with power-packed educational and easy-to-use tools for both crypto savvy and inexperienced traders.
DACX exchange will list USD stablecoin and BTC pairs for all high cap coins and utility tokens. More coins will be added over time based on their credibility, user base and liquidity and will be done after carefully taking and evaluating input from members of the community.
HOW DOES DACX EXCHANGE STANDS OUT FROM THE CROWD?
SUPER FAST TRANSACTION SPEED
In any exchange, speed is very crucial. DACX exchange boasts of a transaction speed of 10 million transaction per second with latency as low as 40 nanoseconds. As a result of this, customers can carry out trades with faster speed even when the network is overloaded. DACX
exchange transaction speed is super fast and it is interesting to note that it has a higher transaction speed than big players in the industry such as Binance, Kucoin, Bifinex, Bittrex, HitBTC etc. The exchange is still in its developmental stage and the transaction speed is subject to change as the team will welcome new blockchain innovations as the come to light that has the capability of offering faster throughput and increased stability.
USER-FRIENDLY INTERFACE:
The UI is designed with a default user-friendly interface for easy navigation but a user can configure it to suit his or her preferences. The platform will support multi-languages so that customers can feel comfortable trading in their own native languages. DACX exchange will support web-based trading client, android native client, iOS native client, REST API and Web Sockets. Mobile applications for both android and iOS users which will be available for download on Google Play Store and Apple App Store respectively. Also, the exchange can be accessed from any web browsers using mobile devices, laptops, desktops etc.
SECURITY:
The activities of hackers have become a nightmare to exchanges as they are frequently being hacked, sensitive information compromised and billions of dollars catered away. DACX exchange values the safety and security of its users and as such its registration system will send verification codes to customers via emails and SMS to ensure that only bonafide and validated users are permitted to sign up and use its service. Passwords and sensitive user data are encrypted in AES 256 formats before being entered in the database for safe storage. The platform also supports 2FA Google Authenticator second-layer security for a more secured customer login.
DACX hot wallets will be kept on internal servers for frequent transfers and will come in an encrypted form and decryption keys which will be used only by an authorized user to approve outgoing transactions. [DACX](https://dacx.io exchange will support HSM protected semi-cold wallets and ledger hardware wallet integration such as ledger Nano S, ledger Nano X, Trezor, KeepKey etc. DACX exchange also has cold wallets which are kept offline and can only be accessed by senior management executives. DACX exchange will sought the services of third parties to periodically carry out security audits on the system so that any threats found can be corrected before hackers can capitalise on the vulnerabilities and infiltrate the system.
SUPPORT TEAM
DACX exchange has a multilingual highly skilled and experienced customer support team that are available 24 hours a day and uses enterprise software such as phone call, live chat and Email Ticketing System to give timely and quality response to client issues.DACX exchange customer support executives will be active on social media (Facebook and Twitter) and will listen and respond to customers feedback. Also, there is a knowledge base articles to answer customers FAQ, thereby helping customers to find their own answers without having to wait or contact a customer agent.
MARKET SURVEILLANCE AND REGULATORY COMPLIANCE:
In a effort to avoid manipulation of the market price of assets. DACX exchange has a real-time market surveillance and compliance system that watches for suspicious trading activities such as abnormal large trades, pass-through trades, wash trades, spoofing, layering, stuffing, hammering and momentum ignition. DACX exchange has Anti Money Laundering (AML) and Anti Market Manipulation (AMM) algorithm that notifies the exchange of any sign of illicit activity. In order to be compliant with AML and CFL directives, DACX
exchange has partnered with market leading reg tech, Identity Mind Global to help keep its compliance obligations in checks. It has also filed regulatory compliance applications with different jurisdiction which wil be made available to the public once approved.
DACX REMIT:
The core storage unit of DACX is Remit. Remit is the universal wallet which makes use of DLT, traditional and custodians to store Fiat money, cryptocurrencies, utility tokens, security tokens (STOs), Stablecoins, commodity tokens in a single wallet and can be easily transferred anytime. DACX Remit allows all supported currencies to be deposited from, withdraw to or transferred to other banks within the system bank accounts in supported countries, other payment processors and DACX issued Debit Cards. DACX Remit will designed a virtual debit card which will enable users to settle their day to day payment needs and it gives users choice to choose which the asset to use for payment.
DACX FOUNDRY:
DACX
Foundry is a springboard for new creative projects to be brought out of concept to reality via kickstart funding opportunities. This will enable new blockchain startups to launch their own compliant IEO on the platform after passing the vetting process. Foundry will support primary issuance of tokenized securities (STOs), ERC20 standard tokens which will be compatible with multiple blockchains.
EXCHANGE REVENUE MODEL
DACX will charge 0.1% fixed fee per trade. Also there is other fees that may include, but not limited to promotions, maker-taker fees and volume-based tier. It may also charge fees for withdrawal, listing and for other services.
DACX TOKEN
DACX token (DACX) is utility token that will power the platform. It will be used to pay for services such as trading fees, token listing fees, withdrawal fees etc.
TOKEN INFORMATION
Token name: DACX
Token type: Ethereum ERC-20
Accepted currency: USDT
Soft cap: $5,000,000
Hard cap: $35,000,000
Total supply: 786,786,786 DACX
Restricted countries: USA, North Korea, Iran, Syria, Sudan, Cuba
IEO DETAILS:
IEO Price: 1DACX = 0.1 USDT (50% discount)
Round size: 8,000,000
IEO Price: 1DACX = 0.12 USDT (40% discount)
Round size: 12,000,000
IEO Price: 1DACX = 0.15 USDT (25% discount)
Round size: 26,000,000
IEO Price: 1DACX = 0.18 USDT (10% discount)
Round size: 36,000,000
IEO Price: 1DACX = 0.19 USDT (5% discount)
Round size: 50,000,000
lEO Price: 1DACX = 0.2 USDT (No discount)
Round size: 68,000,000
ROADMAP
THE TEAM
When evaluating any project, ensuring the team has the experience and capability required to carry out the vision they are outlining is crucial. Of course, anybody can write an impressive whitepaper and create a persuasive website; the idea is the easy part, it’s implementing the idea which is difficult. In the case of DACX the team is an impressive collaboration of industry veterans led by Zeeshan Chaudhry. They have amassed wealth of experience in blockchain, technology, sales, marketing and finance.
CONCLUSION:
DACX is clearly one of those rare spectacles only occasionally spotted in the blockchain space, a project which is heavy on genuine innovation yet light on hype. The platform is best suited for the constantly evolving crypto ecosystem. DACX offers maximum security, boasts of super fast speed of 10 million transactions per second, great user-friendly interface, experienced support team, AML and CFL compliant. The platform is also packed with educational and trading tools such as market analysis, trading bots, trading alerts and much more. DACX is committed to delivering a world-class service to its customers and will no doubt leave a landmark for other crypto exchanges to follow.
For more information and resources:
DACX Website
DACX WhitePaper
DACX Telegram
DACX Twitter
DACX Facebook
DACX LinkedIn
DACX Instagram
