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A key basis of human life from the beginning of civilization has been the ability to “exchange". At some point, it was simply in form of trade by barter (giving some goods to obtain another). Trading is important because no one can claim to have a monopoly of things he desires. This pattern of exchange has not changed much today with the only upside being a more efficient exchange system due to the introduction of fiat currency which facilitates the seamless exchange of goods, services and even currencies.
Everything appeared to be perfect until the introduction of blockchain technology. This made us understand that exchange patterns especially for currencies could be more efficient. Decentralization which is a major feature of blockchain technology is meant to enable us change one currency form to another without having to pay the exorbitant fees associated with traditional banking systems. For all this promise, we still have several cryptocurrency exchange platform which are still riddled with shortcomings which include; high transactions fees, insecurity, poor liquidity and unfriendly user interface.
For those who are new in the cryptocurrency space, it is actually worth noting that there are two major classes of exchange platforms, these include;
- Centralized Exchange
- Decentralized Exchange
Centralized Exchange: In centralized exchange platforms, there is usually a governing body running the affairs of the entire ecosystem. They are often easy to use and users have easy access to advanced trading features.
Decentralized Exchange: Decentralized exchange platforms do not have a central decision maker. This type of exchange embodies the true goal of blockchain technology which is “decentralization". Participants are fully entrusted with the security of their funds and the high degree of data confidentiality is a key advantage.
Understanding these two exchange platforms is actually key in determining the one which best suits your needs. I will also like to introduce a relatively new cryptocurrency exchange which has the potential to be the start of a revolution.
Introducing Daxico
Daxico is intended to provide an advanced, yet, user-friendly and easy to use cryptocurrency management service platform for traders and investors alike. The platform offers secure and fast public, private, blockchain cloud architecture for businesses. Also, an open ecosystem for users and businesses to connect and engage. Traders within the ecosystem will have their wallets enabled for transacting on the exchange platform. Daxico matches trades for users and then sends the matched trades over to a common service that Daxico provides with the goal of ensuring that user funds are well protected and secured and I am of the opinion that this feature should be introduced into current centralized exchange platforms in order to provide much needed assurance for users.
Features of Daxico
Some of the features which set Daxico apart from the competition include;
- Storage of crypto assets: The Daxico platform offers users an inbuilt wallet which enables them to securely store their cryptocurrency assests.
- Multiple accounts: Daxico allows users to create multiple accounts within the ecosystem which offers them the opportunity to focus on trading different cryptocurrency asset per account.
- Social support: Daxico also provides a channel through which users can easily find the latest trending news that could positively impact the users. There is also an avenue for users to ask questions if they do run into any difficulty.
- Friendly User interface: Daxico prioritizes user satisfaction and have left no stone unturned in ensuring that users do not have any difficulty navigating through the platform.
- Free P2P payment: Daxico's structure gives users the opportunity to transfer funds with zero cost.
Token info of Daxico
The token ticker is ”DAXI", but unlike several exchange platforms, the team is not carrying out an ICO in the traditional sense of the word. Although, enthusiasts are encouraged to buy the DAXI tokens at a discount during the presale period which will last till 31/12/2019. Holders of DAXI tokens will also earn dividends depending on the profit made by the platform
Conclusion
I've actually had time to do extensive reading about what Daxico has to offer it's users and I strongly believe that if the team can stick firmly to the plans that have been laid out, we are sure in for some exciting times.
For further information about Daxico, you can visit any of the following links;
Official Website: https://daxico.com/
ANN Thread: https://bitcointalk.org/index.php?topic=5084070
Telegram: https://t.me/daxicoex
Authors Btt Username: tbossmitche
Authors Btt Url: https://bitcointalk.org/index.php?action=profile;u=2296926
