DAEX BLOCKCHAIN: THE BEST CLEARING ECOSYSTEM

WHAT IS DAEX?
DAEX is a clearing service based on distributed ledger technology. The distributed ledger technology guarantees that trades are correctly and safely cleared and settled.

WHAT IS DISTRIBUTED LEDGER TECHNOLOGY?
A distributed ledger is also called a shared ledger, or distributed ledger technology, DLT. Is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. There is no central administrator or centralized data storage.

MISSION
DAEX is to provide a better infrastructure for the cryptocurrency
trading industry by taking the reasonable parts of the mainstream securities
trading industry and taking advantages of new opportunities brought about
by the distributed ledger technology.

                                      ATTRIBUTES OF DAEX

. SECURE - User’s assets are all held on the blockchain. Assets cannot be moved without user’s
admission. Multiple-part private key further protect user’s assets and also a safe
recovery mechanism in case a user loses his private key. Smart contract and
the blockchain technology guarantees the correctness of clearing and
settlement.

. TRUST- Distiguishing between trading and clearing is the best way to guarantee the
safety of customer trading assets. The insurance fund contributed by
participating exchanges provides another layer of safety

. OPEN- DAEX ecosystem is open to and welcome new exchanges.
Exchanges that participate in the DAEX ecosystem can use all products and
services provided by DAEX, including wallets and clearing.

The Ecosystem
The rapid development of cryptocurrency trading calls for a more effective and
secure clearing service. After a series of hacker thefts and security incidents,
many exchanges have to come to the consensus that a common clearing and
asset custodian service is required to protect the market and to guarantee the
sustained growth of the market. DAEX is therefore the answer to this market need
DAEX ecosystem is composed of a clearing service that is based on distributed
ledger technology, centralized exchanges and user wallets. Traders use their
wallets to perform trades on exchanges. 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. DAEX will provide clearing service for cryptocurrency derivatives traded on
exchanges

DAEX Wallet
A cryptocurrency wallet that supports multiple signatures and multiple digital
assets. It accesses exchanges to trade cryptocurrencies and the clearing chain
to manage its assets.

Multiple-part private key
A private key that is broken into several parts. Some parts have to be used
together to access assets in the wallet.

Clearing as a Service（CaaS）
A clearing service that is provided using a cloud mode. The clearing facility is
deployed on a public cloud. Exchanges and clearing members obtain clearing
related services through APIs or clients.

                                                      ROADMAP

. Quarter 1 2018 — Publish DAEX Non-Technical Whitepaper
. Quarter 2 2018 — Publish DAEX Technical Whitepaper
. Quarter 4 2018 — Release Test Net for Beta Testing
. Quarter 1 2019 — Release Main Net Version 1.0
. Quarter 2 2019 — Release Main Net Version 2.0