Crypto: September 2018

DAEX: A Distributed Digital Asset Clearing Ecosystem Is Here!!!

DAEX is an open digital currency ecosystem that aims to build a distributed digital asset clearing ecosystem using a multi-asset blockchain-based clearing and settlement protocol. The ecosystem will decouple assets and transactions, enable token-based authentication and restructure the transaction process. This will allow for safer and more efficient distributed registration, clearing and settlement of digital assets. Using this as a foundation, DAEX will serve the entire digital asset market, from digital asset exchanges comprising of multiple interconnected nodes to individual digital asset users.

There are currently two types of cryptocurrency trading exchanges, centralized exchanges and distributed exchanges. Each type has its advantages and disadvantages. DAEX outfits the two exchanges and merchants with a more gainful and dependable trading condition.

The goal of DAEX is to provide a better infrastructure for the cryptocurrency trading industry by taking the reasonable parts of the mainstream securities trading industry and by taking advantages of new opportunities brought about by the distributed ledger technology. Specifically, trading and clearing will be separated into different entities. The Current centralized exchanges will continue to provide trading service. But the clearing work will be handled over to a common clearing service which is based on the DAEX solution. But, different from current centralized clearing services, the DAEX clearing service is based on distributed ledger technology. The distributed ledger technology guarantees that trades are correctly and safely cleared and settled. By using distributed ledger technology, trader’s assets are kept in their own accounts on the blockchain. No one else can access traders’ assets without their permissions. This effectively removes trader’s asset risks in current centralized exchanges. The DAEX solution will be an open sourced clearing service based on a public blockchain. Its code is open for public inspection and supervision.

THE DAEX ECOSYSTEM

DAEX ecosystem is composed of a clearing service that is based on distributed ledger technology, centralized exchanges and user wallets. Traders use their wallets to perform trades on exchanges. After trades are matched at exchanges, exchanges send matched trades to the clearing service. The clearing service CaaS is performed by smart contracts on the distributed ledger technology. During the initial phase of DAEX, cryptocurrencies will be serviced.

During future phases of DAEX, cryptocurrency derivatives will be serviced. Thatmeans that DAEX will provide clearing service for cryptocurrency derivatives traded on exchanges.

This DAEX ecosystem is very unique and efficient as it offers security, Trust, And an open platfrom for crypto traders.

The cryptocurrencies industry is still in its very early stage. Inevitably it has many problems, just like the internet industry in its early stage. But, it has a strong growth potential which is probably many times greater than that of the internet industry. The goal of the DAEX ecosystem is to help the industry grow in a more orderly and secure way by providing a solid infrastructure that benefits many industry players.

DAEX already penetrated the Russian, South korean, Thai, Singaporean, Indonesian, and Australian markets and is currently open on advertise and arranged for exchanges. These exchanges include:

INDODAX — https://indodax.com/

BCEX — https://www.bcex.ca/coins

LBANK — https://www.lbank.info/

ALLCOIN — https://www.allcoin.com/coins

ROADMAP

Quarter 1 2018 — Publish DAEX Non-Technical Whitepaper

Quarter 2 2018 — Publish DAEX Technical Whitepaper

Quarter 4 2018 — Release Test Net for Beta Testing

Quarter 1 2019 — Release Main Net Version 1.0

Quarter 2 2019 — Release Main Net Version 2.0

DAEX is indeed unique and efficient. Join the DAEX platform today and take advantage of what it offers!!!

For More Information About DAEX, Please Visit The Following: