Cryptocurrency has witnessed steady growth both in market capitalization, and numbers (estimated to be over 2,000 different cryptocurrencies). This increase in size has also made the demand for digital currency grow, but one question still remains; "How secured is making transactions with digital currencies?" This question is exactly what DAEX hopes to solve. The DAEX projects will give guarantee to cryptocurrency users, assuring them that crypto transactions on exchanges this will be achieved with the help of automated smart contracts.
What Does DAEX Have To Offer The Crypto Market?
The role DAEX will play in the crypto world is a vital one, it plans on providing clearing solution based on the distributed ledger technology. Exchanges that will use DAEX will abide by the set rules guiding both settlement and clearing. This process will be automated making transactions free from manipulation. The current centralized digital exchanges we have in the crypto markets must be commended for playing vital roles in providing secured exchanges thanks to their liquidity and fast transaction speed yet, they are limited by their centralized nature which affects the clearing service and trading, leaving it at risk to manipulation from the center, and also vulnerable to fraud, and hacking. The first thing DAEX is going to do is to solve the limitations of centralization in exchanges, this will be done with smart contracts and distributed ledger technology. With these technologies, activities between traders and exchanges will be completely transparent, free from interference and manipulation. With DAEX, traders can now trade without fear of interference since traders are now in total control of their digital assets.
DAEX blockchain is one of the most reliable clearing ecosystems for digital assets. The primary objective of DAEX is to create a platform where trading could be done efficiently and free from third party interference, DAEX is built to favor both traders and exchanges. On the platform trading and clearing are handled separately. Among the two activities that take place on the platform, clearing is basic, it is precisely the projects core product, while trading is secondary, with users having the freedom to trade.
The DAX Token The DAX token is going to serve as a medium that facilitates the transactions that take place between all parties involved in the various parts of the DAEX ecosystem. Similar to other projects, there is going to be crowdsale where DAEX would give the general public a chance to be early investors in the project, a total of 2 billion tokens will be available during the token sale. Within the period of pre-token sale and token sale, DAX token could be bought using BTC, ETH, NEO, and QTUM.
Overview of DAEX system
Note: The pre-token is already over, all available token was sold out during pre-sale, its public sale has been suspended but will resume on the 16th of September, 2018.
Token Details
Token name: DAX
Current price: 1 DAX= $0.0641537465
ICO price: 1 DAX = $0.0700
Market Cap: $23,757,670
Token type: ERC20
ICO goal: $2,800,000
KYC: Available
For more information on Daex, kindly visit this links.
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2910479.0
Telegram: https://t.me/DAEXOfficial_en
Twitter: https://twitter.com/DaexBlockchain
Writer: Olamidey
Bitcointalk Username: Olamidey
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1168937
