DAEX, the Best Solution for Trading Cryptocurrency

Introduction

The total cryptocurrency currency currently on the market is more than $ 280 billion. Among these numbers, the Bitcoin currency is the most dominating with a market share of more than 50%. While the new cryptocurrency currency continues to spread to the market including Bitcoin derivatives. The return on cryptocurrency investment is 448%, which exceeds other assets such as the stock market, gold, and real estate. Cryptocurrency trading is very active where the average daily trading volume reaches 10 million dollars. Active trading like this causes many trade exchanges to enter the market.

Existing Trading Risks
There are two types of cryptocurrency trade exchanges today namely centralized exchanges and distributed exchanges where each type of exchange has its own shortcomings and advantages.

Distributed exchanges are based on the master cashbook technology. This exchange runs alone. No other person is needed to take care of operational matters. Trader's assets are in their own account. No one can access it except the trader. Traders trade with each other on distributed exchanges. The main technology of exchange guarantees that trade can continue to run, be cleaned, and be settled properly. Included in the distributed exchanges are BitShare and EtherDelta.

What are the advantages of this type of trade? The advantage of this type of trade is very clear, that is that traders' assets are well protected, trade costs and clearing are low, traders can join and leave this exchange freely and they can trade with anyone in the world as long as the other parties also use the same exchange system. But this exchange system also has disadvantages in terms of liquidity, speed and flexibility. Because of these losses, distributed exchanges are rarely used in cryptocurrency trading.

The centralized exchange is the opposite of distributed exchange. This difference exists in all aspects. There is a centralized mechanism for traders. A centralized exchange accepts cryptocurrency as a deposit and stores cryptocurrency in its own storage. The center then issues IOU to the merchant account directly. Traders can trade IOU into the exchange. When they want to transfer their cryptocurrency to another place, they can use IOU to instruct the exchange to be able to send cryptocurrency according to the specified address.

Centralized cryptocurrency exchange is beneficial in terms of liquidity, speed, and flexibility but they have a lack of infrastructure. Every exchange retains the assets of customers. Internal risks and external risks of customer assets look so clear. Exchange systems like this are not very good. There is no guarantee for the objectivity of the exchange in the matching mechanism. Security is also still a major obstacle in this centralized exchange system because infrastructure, which basically has great weaknesses.

DAEX is present to provide a solution. The aim of DAEX is to provide better infrastructure for the cryptocurrency trading industry by taking reasonable profits. Trading and clearing will be specifically separated. Centralized exchanges will continue to provide trading services but clearing will be handled by general clearing services based on DAEX solutions. DAEX clearing services are different from the existing centralized clearing services and DAEX is based more on the master cashbook technology. This master cashbook technology guarantees that the right and safe trade has been completed. By using the master cashbook technology, merchant assets are stored in a blockchain account. No one else can access merchant assets without their permission. This can eliminate the risk of merchant assets in a centralized exchange system.

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• ABOUT TOKEN SALE
  
  Token Info
  Token Name DAX
  Platform: Ethereum
  Type : ERC20
  Price in ICO : 1 DAX = 0.07 USD
  Min. investment2 ETH
  Accepting : ETH
  Soft cap : 7,000 ETH
  Hard cap : 10,000 ETH

• Need more information about DAEX? Visit link below !

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

Author: https://bitcointalk.org/index.php?action=profile;u=1318848;sa=summary
ETH: 0xE9D3D4E6977a3a901a91AC8648EA8a1e16E1829E