DAEX: Linking merchants and distributed exchange services
Overview
The digital currency is struggling to retain its user confident. By so doing, the market is now left with numerous problems and there is surge in the amount of cryptocurrencies value. Merchant and currency exchangers are compelled to having the by-products of Bitcoin if at all they are willing to remain in business. This happens because the Bitcoin has more than 50% estimate of the total market share of crypto. However, there are two kinds of crypto trading exchanges; which mostly is the central based exchanges for low productivity over the distributed exchanges etc.
Despite numerous uses of asset control and privacy, each type of crypto sharing has their own merit and demerit. But it should also be noted that distributed exchanges have its own demerit, especially as regards liquidity teams, flexibility and matching speed. Due to these demerits, distributed exchanges lacks usability with less used crypto currency transaction. DAEX project is here to proffer solution to these demerits.
The digital currency is struggling to retain its user confident. By so doing, the market is now left with numerous problems and there is surge in the amount of cryptocurrencies value. Merchant and currency exchangers are compelled to having the by-products of Bitcoin if at all they are willing to remain in business. This happens because the Bitcoin has more than 50% estimate of the total market share of crypto. However, there are two kinds of crypto trading exchanges; which mostly is the central based exchanges for low productivity over the distributed exchanges etc.
Despite numerous uses of asset control and privacy, each type of crypto sharing has their own merit and demerit. But it should also be noted that distributed exchanges have its own demerit, especially as regards liquidity teams, flexibility and matching speed. Due to these demerits, distributed exchanges lacks usability with less used crypto currency transaction. DAEX project is here to proffer solution to these demerits.
WHAT IS DAEX?
“Digital Assets Exchanges” known as DAEX is a distributed cryptocurrency clearing platform. It came to offer the needed solution for centrally based crypto currency exchanges on smart contracts basis and distributed ledger technology.
It make use of decentralized means in developing a reliability and efficient platform between exchange markets and merchants. There is presence of clearing service which solely depends on distributed ledger, user wallets and centrally based exchange. Most merchant make use of their wallets in performing exchanges of transaction. Afterwards the transaction will be matched at exchanges, then synchronization will occur; meaning that, exchanges will able to transfer matched transaction to clearing service. Then, clearing service known as CaaS will be performed by brilliant smart contracts on technology basis of distributed ledger. At first stage, crypto will be serviced. Then at later stage, provision will be made for crypto money derivative clearing service which will be traded on exchanges means.
“Digital Assets Exchanges” known as DAEX is a distributed cryptocurrency clearing platform. It came to offer the needed solution for centrally based crypto currency exchanges on smart contracts basis and distributed ledger technology.
It make use of decentralized means in developing a reliability and efficient platform between exchange markets and merchants. There is presence of clearing service which solely depends on distributed ledger, user wallets and centrally based exchange. Most merchant make use of their wallets in performing exchanges of transaction. Afterwards the transaction will be matched at exchanges, then synchronization will occur; meaning that, exchanges will able to transfer matched transaction to clearing service. Then, clearing service known as CaaS will be performed by brilliant smart contracts on technology basis of distributed ledger. At first stage, crypto will be serviced. Then at later stage, provision will be made for crypto money derivative clearing service which will be traded on exchanges means.
DAEX Ecosystem
The ecosystem will offer needed infrastructure for the use of crypto currency trading industry which will combines benefits of distributed exchanges and centralized: High-security level, relatively trustless environment and strong liquidity transparency. DAEX will help give proper insight about differentiating the merchant services and clearing into various entities. Presently, central means of exchanges will keep on providing trading services, however, the settlement and clearing services will depends on its solution. This kind of solution will be on an open source of public blockchain which help guarantees trader’s assets for proper record in the account. Users will benefits from the provision made by the centralized exchanges with no fear of exposure to the risks that arises with use of centrally based model.
The ecosystem will offer needed infrastructure for the use of crypto currency trading industry which will combines benefits of distributed exchanges and centralized: High-security level, relatively trustless environment and strong liquidity transparency. DAEX will help give proper insight about differentiating the merchant services and clearing into various entities. Presently, central means of exchanges will keep on providing trading services, however, the settlement and clearing services will depends on its solution. This kind of solution will be on an open source of public blockchain which help guarantees trader’s assets for proper record in the account. Users will benefits from the provision made by the centralized exchanges with no fear of exposure to the risks that arises with use of centrally based model.
The DAEX decentralized platform will offer the following:
High security measures will be available
Risk-free trading between distributed exchanges and exchanges
Transparency level
Speed, flexibility and liquidity is assured
High security measures will be available
Risk-free trading between distributed exchanges and exchanges
Transparency level
Speed, flexibility and liquidity is assured
Features of the DAEX project
Security:
By the provision of CaaS for the crypto trading industry, this will
help reduces external and internal risks which the digital assets
customers faces, thereby creating the unbiased and transparency trading
platform within the merchant and exchangers. It will provide the
security for trading framework, whereby each asset will be publicly held
on blockchain and will not be transfer without the permission of the
owner.
Transparency:
The operation of assets will be transparent on the DAEX blockchain.
Thereby providing enough certainty by reducing the lack of trust between
the exchanges and users. The sharp growth of ICO has made enough crypto
value in entering the market place daily. High percentages of these
ICO’s are of low quality coins that can never see the light of the day.
The
Wallet: DAEX wallet will make easy duty of users and exchanges to start
trading a new cryptocurrency. The exchanges will greatly fasten the
product listing duty and made it becomes more and more competitive in
the industry. Being a clearing service, DAEX has the means of enlisting
new clearing products such that will participates trading exchange.
Exchanges:
The ecosystem will allow the exchanges of new competitive advantage in
the following three ways. Firstly, token incentives mechanism will allow
the clearing that attract new user, it will help garnered more trading
quantity. Secondly, DAEX multiple-asset will be cost effective in terms
of delivery cost. Thirdly, it will separate trading clearing that helps
exchangers in focusing on more important competencies; thereby
maintaining their competitiveness. Therefore, we can say the separation
of clearing and trading will allows exchanges in focusing on their
duties.
The Benefits of DAEX
Provision
of security: This serves as a benefit because assets will not be
allowed to be moved without the permission of user’s. The presence of
multiple-private key will further help consolidate protection of user’s
assets with the safe mechanism recovery in any case whereby user loses
their private key. Blockchain and smart contract will help guarantees
the clearing and settlement.
Open
platform: The project will serve as an Open Source whereby it allows
everyone to thrive. Participatory exchanges will make use of all
services and product which will be available, it include both clearing
and wallet. The exchanges will able to utilize real value added services
which it provides, like cryptocurrency derivatives trading system.
Trust: This will help ensure transparency and safe environment for merchant and exchangers to thrive.
DAEX Token
DAEX
tokens will serve as internal currency for DAEX such that there will be
distribution in exchange for public and private donations. At the
initial selling period, DAEX token will be an ERC20 compatible token. As
at when its solution is in production, the original ERC20 tokens will
be bought again and destroyed.
Conclusion
DAEX will use decentralized system to develop a reliable and efficient platform between exchange markets and merchants. There is a presence of clearing service which solely depends on distributed ledger, user wallets and centrally based exchange. Most merchants make use of their wallets in performing exchanges of transaction. This will provide security trading framework that makes user assets all held on public blockchain and will not transfer without the permission of such users. The exchanger has their own clearing duty to accomplish; without that, trading industry as a whole will unable to make good use of its resources. Such that, with use of clearing service, most industry resource will be are useful more efficiently.
DAEX will use decentralized system to develop a reliable and efficient platform between exchange markets and merchants. There is a presence of clearing service which solely depends on distributed ledger, user wallets and centrally based exchange. Most merchants make use of their wallets in performing exchanges of transaction. This will provide security trading framework that makes user assets all held on public blockchain and will not transfer without the permission of such users. The exchanger has their own clearing duty to accomplish; without that, trading industry as a whole will unable to make good use of its resources. Such that, with use of clearing service, most industry resource will be are useful more efficiently.
For more information on daex platform please visit
For more information on DAEX project and token sale please visit
Official website: https://www.daex.io
Whitepaper: https://daex.io/whitepaper.html
Telegram: https://t.me/DAEXOfficial_en
Reddit: https://www.reddit.com/r/DAEX_Blockchain/
Whitepaper: https://daex.io/whitepaper.html
Telegram: https://t.me/DAEXOfficial_en
Reddit: https://www.reddit.com/r/DAEX_Blockchain/
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