Introduction
Since the advent of blockchain technology and its disruptive effect hit virtually every world, including global finance, there has been a need to put an end to the notoriously vague and abysmal trends in the payment remittance and cryptocurrency exchange niche of the industry. This reality arises from the fact that the world is evolving with new and emerging technologies. As such financial transactions and payment remittances must not be left to wallow in the backwardness, it is still stuck in.
High transaction fees, slow payment remittance, cross-border payment inefficiencies, value lost in money translation, and many others are some of the numerous problems affecting the current cryptocurrency exchanges. This calls for an urgent and immediate solution that will ensure seamless P2P exchange of cryptocurrency and fiats by leveraging the countless opportunities offered by blockchain technology and bring an end to the years of untold woes that have blemished the industry.
What is DIFX ?
DIFX is blockchain based First true cross asset Trading Platform. This unique comprehensive ecosystem is redefining the global online trading landscape. DIFX ecosystem offers three dimensions: EXCHANGE, WALLET SERVICES & CROSS ASSET PLATFORM.
• DIFX EXCHANGE: Using DIFX Exchange, you can trade in all the asset classes such as Forex, commodities, crypto currencies and stock futures with a swap option to keep your profits in Cryptocurrencies or Fiat.
• DIFX MULTI CURRENCY WALLET: All the digital assets are stored in wallets. Each user will have its own wallet, that is secured through unique keys, they are protected by three layered authentications to protect your investments along with insurance on each wallet.
• DIFX CROSS ASSET PLATFORM: Use can swap between any asset class listed on the exchange e.g
•DIFX Mission & Vision•
• DIFX mission is creating hybrid working model of a centralized as well as a decentralized exchange which incorporates atomic swaps with the power of Blockchain technology
• We aim to provide a platform for beginner and advanced traders, investors, and institutions with a user-friendly interface that combines the best practices of Decentralized and Centralized trading.
• We want to create a new financial order, wherein Digital Currency is used for direct settlement between the Payer and Receiver. Our Platform will further help millions of unbanked individuals to use digital currencies due to the simplicity of its use.
• We will leverage the blockchain technology to make the remittance services accessible, and to add value for more consumers for auspicious use of Digital assets.
• Reduction in settlement time and efficiency while exchanging along with immutable ledger records, and security-rich transaction network will be our top priority
•DIFX Features•
Encryption of track using the latest tools such as VPN, SSH, and 256-bit AES encryption.
Individual verification of crucial details to avoid identity theft and other forms of fraud.
AES encryption prevention: A sophisticated encryption algorithm that decrypts encrypted confidential data.
Anti-CSRF token: CSRF is Cross-Site Request Forgery, which is a type of attack in which a malicious actor makes an unwanted action on a trusted site.
Mail ID encryption: Prevents hackers from decrypting/editing our email address using our database.
Device-based tracking (IPAddress, MAC Address/Mobile device ID, User) and IPbased admin panel login.
A hidden mailing system implementation for the exchange to know the present login credentials for the admin panel, in case a hacker changes it internally or externally.
The Database retains a log of admin login pattern and wrong login attempts.
Auto logout and re-login for the admin to protect attempted hacks on ongoing sessions.
We are constantly exploring the latest techniques to strengthen our safety measures and security features of the services. We have a development board where our team is constantly assessing new features and algorithms that can spruce up the security as well as the performance of all the components of our exchange.
•DIFX Token•
DIFX Token is a utility token created on the ERC20 Ethereum blockchain. Utility tokens are tokens that are intended to provide digital access to an application or service through a blockchain-based infrastructure. DIFX allows for instant transfers while providing specific value and discounts to DIFX users. Its key features include:
√ERC-20 based token used within DIFX Ecosystem
√Future plans to build a native blockchain platform
√It will power future DIFX services and products
√Faster transaction times
√Quicker payment settlements
•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
•TOKEN DETAILS•
DIFX also has a competent team lead by Jeetu Kataria who is the Founding Director and Head of Operations. His experience in the Financial Markets, Investment Banking, and Fund Management will help in catalyzing the contributions of the other seven members that make up the core team.
Besides the direct roles of the core team members, DIFX will also get a huge backing from an Advisory Board that consists of industry leaders within the finance and tech ecosystem. The platform’s current board of advisors is an 8-member team including but not limited to Mohammed Abdulrahman Aljallaf, an independent Director with over 16 years of experience at the Emirates Bank, and Dr. Naser Muhyealdeen, an experienced Legal luminary currently serving as the Chief Executive Officer at Global Investment Group.
•Conclusion•
DIFX Ecosystem is under development and may be subject to significant changes and corrections in terms of technical operation up to the full completion of the development of the platform. The effectiveness of the DIFX ecosystem development largely depends on the number of DIFX tokens sold. Poor token sale results can lead to a shortage of the resource base required for the full development of the ecosystem. In case the project team does not collect the necessary amount required for product development (soft cap), all collected funds will be returned to the investors, minus the commission for such transaction.
For more information about this project you can see it below:
Website: https://difx.io/
Facebook: https://www.facebook.com/difxexchange/
Twitter: https://twitter.com/difx_i0
Telegram: https://t.me/difx1
Announcement Thread: https://bitcointalk.org/index.php?topic=5312227
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
AUTHOR
BTT Username: sujit1992
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1892504
Telegram: @sujitmy11
ETH 20 Wallet : 0x5e4C20f6DdE1EB700eBc603d7Be0916B3132C28b