DAEX climbed 58% over the past 24 hours.
It recently traded at 0.00000079 Bitcoins or about 0.128 Wax tokens.
DAEX is a clearing solution for centralised cryptocurrency trading exchanges that want to provide a better service based on distributed ledger technology.
The DAEX ecosystem allows traders to use wallets and perform trades that when matched are sent to the clearing service. The clearing service (CaaS) generates the smart contracts to validate the trades and to make sure the requirements are met. After the validation process, the smart contract runs the consensus mechanism and updates the corresponding wallets with the cleared assets.
The DAEX network uses the DAX utility token (Ethereum-based ERC20) to ease the cooperation between different exchanges in the DAEX ecosystem.
It is listed on the LBank cryptocurrency market.
What are your thoughts about this coin and its recent price rise?
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