INTRODUCTION
It is certain that we cannot enjoy using crypto without exchanging them. This is because cryptocurrency differs from each other and their uses also differs with every transaction so it is very imperative to have a standard way of trading such that we can easily change from one crypto to the other or from the fiat money to cryptocurrency. To achieve this, many platform has arisen as trading platforms and they have conducted it up to a level where they are now being faced with adverse conditions as they operate. Now, both the centralized and decentralized exchanges are in a state of default which has got them affected in conjuction with the innocent users that deserve to be treated well. Investors are also being affected by the bad turn out of these exchanges and the challenges they face and they hope to find a way out of the wreckage. Thankfully, Daex has got the way out by creating its platform such that it is able to present a problem free trading option for users.
WHAT IS DAEX PLATFORM?
DEAX is the world's most solid clearing biological system for advanced resources by actualizing a decentralized clearing answer for digital currency trades. The DEAX biological community will furnish the two trades and brokers with more productive and dependable exchanging condition. With the fast development of the computerized money showcase, the interest for wellbeing and accommodation of advanced resource exchanges enormously increments. Brought together trades are broadly utilized among brokers because of their easy to use interfaces, quick exchanges paces and liquidity, be that as it may, incorporated trades are defective in their hidden foundation, they give both exchanging and clearing administrations in a unified domain while keeping up their clients' benefits, this abandons them helpless against hacking endeavors and inside extortion.
DAEX AIM IN THE DIGITAL~COMMUNITY
The objective of DAEX is to give a superior foundation to the digital money exchanging industry by taking the sensible parts of the standard securities exchanging industry and by accepting focal points of new open doors realized by the disseminated record innovation. In particular, exchanging and clearing will be isolated into various substances. Current concentrated trades will keep on providing exchanging administration. However, the clearing work will be dealt with over to a typical clearing administration which depends on the DAEX arrangement. Be that as it may, unique in relation to current incorporated clearing administrations, the DAEX clearing administration depends on appropriated record innovation. The circulated record innovation ensures that exchanges are effectively and securely cleared and settled. By utilizing disseminated record innovation, broker's advantages are kept in their own records on the blockchain. Nobody else can get to brokers' benefits without their consents. This adequately evacuates dealer's advantage chances in current brought together trades.
THE ADVANCE DAEX TOOLS
The Clearing chain
The DAEX environment is comprised of 3 members; the DAEX foundation(daex.io), Centralized trade and the End clients. The DAEX establishment fills in as the interfacing span between the incorporated trade and the end clients over the DAEX blockchain which is the clearing chain.
Clearing chain is a digital money clearing administration that depends on an appropriated record. It gives clearing administrations to trades utilizing CaaS.
THE CONTROLLED PROCESSES OF THIS PLATFORM
- Dealers performs exchanges on trades that backings DAEX utilizing their wallet.
- The request made is coordinated by the trade.
- The coordinated request is sent to the clearing chain and the exchange is finished utilizing a brilliant contract.
THE USEFULNESS OF SMART CONTRACTS IN THE DAEX SYSTEM.
The brilliant contract sitting on the clearing chain serves two capacity; approves coordinated exchange to guarantee it meets necessities and refresh the record with the most recent data.
The DAEX clearing chain bolsters nuclear exchanges. This permits prompt exchange of various computerized resources between various chains. This should be possible just utilizing the DAEX wallet.
Clearing Account
Each DAEX client must have a record (clearing account) on the DAEX platform. This record is utilized to check adjusts, enroll resources and check exchange history.
DAEX Decentralized Wallet
This wallet underpins various digital currencies which incorporates BTC, NEO, ETH, QTUM and furthermore perfect with ERC 20 tokens. The wallet causes clients to connect with the biological community.
A one of a kind open deliver is given to client on the clearing chain once KYC confirmation has been passed. The wallet will produce a 3-section private key; - Client part: this is put away on the customers' telephone. Level one mark.
- Wallet part: this is put away on DAEX server. Level two mark when level one has been passed.
- Reinforcement part: this is put away in a cool stockpiling on the clearing chain. It fills a recuperation need if there should be an occurrence of misfortune while alternate parts are required for exchange.
ABOUT THE DAX TOKEN
The token to be utilized on the framework is the DAX token. It very well may be utilized for settlement, clearing, exchanges and cost parcel. Tokens would be sold amidst the ICO and the compensation produced using the offer of the token would be utilized for the entire difference in the framework.
The aggregate supply of DAX tokens has been topped at 2 000 0000 000 DAX.
TOKEN INFORMATION
• Ticker: DAX
• Token type: ERC20
• ICO Token Price: 1 DAX = 0.0700 USD
• Fundraising Goal: 86,200,000 USD (127,187 ETH)
• Total Tokens: 2,000,000,000
• Available for Token Sale: 30%
• Know Your Customer (KYC): YES (SINCE 17 AUG, PASS )
• Accepts: ETH, BTC, NEO, QTUM
FOR MORE INFORMATION PLEASE VISIT THE LINKS BELOW.
Site: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Twitter: https://twitter.com/DaexBlockchain
Telegram: https://www.t.me/DAEXOfficial
AUTHOR'S DETAILS
Bitcointalk Username: Sojim
Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2301505
Ethereum Wallet Address: 0x5efc1A3840D2355131c07EbBC403ad1bE87C5A8f
Coins mentioned in post:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit