DIFX
World’s First Fully Insured Cross Asset Trading Platform
| Litepaper | Whitepaper |
|---|
Project Summary And Full Story
What is DIFX?
DIFX is creating a safe and hybrid working model of a centralized and decentralized exchange. DIFX is the first blockchain based real asset cross trading platform. This unique and comprehensive ecosystem redefines the global online trading environment. DIFX is a new and fully insured exchange that is on the market to meet the long-overdue demand of traders who want to enjoy the benefits of cryptocurrencies and traditional brokerage assets - in one place. Over the years, trading platforms have focused on one segment: intermediary assets or digital assets. There is no single platform, until DIFX, to give traders access to commodities, stocks, indices, forex and crypto. Launched as a crypto asset trading platform. DIFX was created as a blockchain-based cryptocurrency exchange platform that will bring significant and lasting changes to financial product trading.
DIFX project mission and vision.
DIFX Mission
This project has a Mission, to create a safe working model and a hybrid of centralized & decentralized exchanges that combine atomic exchanges with the power of Blockchain technology.DIFX Vision
The vision of this project is to create a new financial order, in which Digital Currency is used for direct settlement between payer and recipient. This platform will help millions of unbanked individuals use digital currency because of its simplicity of use. They will leverage blockchain technology to make money transfer services accessible and to add value to our customers for profitable use of digital assets. on the one hand They will also reduce the turnaround time and provide efficiency when exchanging along with immutable ledger records and high-security transaction networks.
DIFX Ecosystem
DIFX Ecosystem Offers all-in-one solution for Digital Currency Ecosystem, The DIFX ecosystem offers three dimensions: EXCHANGE, WALLET SERVICE & CROSSET ASSET PLATFORM.
DIFX EXCHANGE:
Using DIFX Exchange, you can trade in all types of assets such as Forex, commodities, crypto currencies and stock futures with a swap option to hold your earnings in Cryptocurrencies or Fiat.DIFX MULTI CURRENCY WALLET:
Both of the digital properties are held in wallets. Each customer can have his or her own wallet, which is encrypted by unique keys, backed by three layered authentications to protect the savings along with insurance on each wallet.
- DIFX CROSS ASSET PLATFORM:
Use will swap between any type of assets listed on the exchange
DIFX Features:
Monitor encryption using the new technologies such as VPN, SSH, and 256-bit AES encryption.
Individual authentication of key information to prevent identity theft and other types of fraud.
AES encryption prevention: a complex encryption algorithm that decrypts secret encrypted files.
Anti-CSRF token: CSRF is a cross-domain request forgery, a form of attack in which a malicious attacker takes an unintended operation on a trusted site.
Encryption of mail ID: prevents hackers from decrypting/editing our email address using our database.
Computer-based monitoring (IPAddress, MAC Address/Mobile Device ID, User) and IP-based admin panel login.
Secret mailing mechanism installation for the exchange to know the current authentication credentials for the admin panel, in case the hacker updates it internally or externally.
The Database maintains an admin login pattern log and incorrect login attempts.
Auto logout and re-login to the admin to stop attempted hackers during ongoing sessions.
We are continuously testing the new strategies to improve our compliance mechanisms and the security capabilities of our services. We have a development board where our team is continuously evaluating new features and algorithms that can enhance the safety and efficiency of all the components of our exchange.
Benefits of DIFX Over Conventional Crypto Only Exchanges
The Decentralized Exchange Custom Matching Engine used in the Centralized Exchange. The matching engine would also have access level for the Blockchain to adjust the status of the coin/token to the corresponding token to be stored for the transaction. The matching engine would also have access to adjust the position from Net Exposure to Trade.
Integrating the wallet Both transfers inside the Exchange will be made directly on the user wallet and modified as a blockchain transaction. This will mean that the exchange is fully decentralized and that all coins will still be with the consumers. For the exchange to be decentralized, the public and the secret key of each user will be needed. Both tokens/coins in the centralized wallet will be passed to the wallet of the customer. Any future transfers for users will be carried out from their wallet to the corresponding wallet of other users involved in the process.
DIFX Token
The exchange is powered by the native DiFX token which is built on Ethereum’s ERC20 standard. Holders and traders on the exchange can enjoy up to 15X leverage on the value of DiFX held on all listed cryptocurrency pairs listed on the exchange. Additionally, the DiFX token can be used as a medium of exchange, allowing fast and low-cost payments across borders globally.
Apart from its in-platform utility, DiFX token also offers other benefits to holders including:
Discounts: DiFX holders enjoy trading fees discounts of up to 50% while paying with the token on the exchange.
Leverage: As alluded to, traders are offered up to 15X leverage of the total DIFX token value held on any asset class listed on the exchange.
Staking: Staking options where traders may stake or lock-in DIFX tokens for up to 8 quarters on the exchange-staking platform resulting in massive rewards.
Investment opportunity: As seen with other exchange tokens, DiFX gives holders an opportunity to return high yields on their investments in the token.
The DiFX private token sale is ongoing till the 31st of March, 2021 as an initial exchange offering (IEO) on the exchange. There’s a total supply of 550 million DiFX tokens available during the IEO, with the starting price of the token set at $0.24.
Tokenomics
| Symbol | DIFX |
|---|---|
| Total supply | 550 Million Tokens |
| Soft Cap | USD 13.2 Million |
| Hard Cap | USD 50.94 Million |
| Acceptable payment options | BTC, ETH, USDT |
FUND ALLOCATION
TOKEN ALLOCATION
ROADMAP
DIFX already has a professional team led by Jeetu Kataria, who is the Founding Director and Head of Operations. His expertise in financial markets, investment banking and fund management will help to catalyze the contributions of the other seven members who make up the central team. In addition to the direct positions of the key team members, DIFX will also get a large amount of support from the Advisory Board, made up of business experts in finance and technology. The current Board of Directors of the Platform is an 8-member team, including, but not limited to, Mohammed Abdulrahman Aljallaf, an independent Director with more than 16 years of experience at the Emirates Bank, and Dr Naser Muhyealdeen, an experienced Legal Luminaire currently serving as Chief Executive Officer of the Global Investment Group.
Conclusion
DIFX Ecosystem is under construction and will be subject to major modifications and adjustments in terms of operational execution before the software has been fully developed. The success of the growth of the DIFX ecosystem depends entirely on the amount of DIFX tokens sold. Poor token sales results will lead to a scarcity of the resource base needed for the full growth of the ecosystem. In the event that the project team does not raise the requisite sum needed for the construction of the commodity (soft cap), all the funds raised will be returned to the investors, including the fee for that sale.
For more info:
- Website: https://difx.io/
-Facebook: https://www.facebook.com/difxexchange/ - Twitter: https://twitter.com/difx_i0
- Linkedin: https://www.linkedin.com/company/difx-io/
- Instagram: https://www.instagram.com/difx.io/
- Reddit: https://www.reddit.com/user/DIFX_
- Discord: https://discord.gg/sxNPEXHU
- Telegram: https://t.me/difx1
Author:
- Username Bitcointalk: gomess1
- ETH: 0xe1f377f5B1c2C537485Cf0558793b5d4b9c3569F
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