Why DAEX is Clearing Cryptos
The blockchain had no doubt written itself in gold. Haven disrupted existing status quo and creating new dimensions to exchanges, it is certainly worthy of thumbing up. Soon after Bitcoin relapsed, it seemed many were waiting for that moment to make a killing.
Ten years after, we are battling with over 2, 000 currencies each trying to outshine the other. Because the block chain is seemingly a centralized channel for all cryptographic trades, there seems no alternate route for these currencies to flourish.
It is common knowledge that these currencies are mined on the block chain and traded through exchanges. The question on lips of many is not far from how feasible it is to trade on these currencies. Since they cannot be traded like fiat, centralized exchanges were mounted on the block chain. However, errors were noticed. This led to creation of a decentralized outlook with hopes that things might get better.
On the other hand, there are block clusters. Since these blocks cannot be automatically multiplied, they often get into friction. The end-product is limited transactions. To solve this, more funds have to be deployed to the smart contract to scale up transactions. The trend cannot continue. As the block chain is set to set foot into industrialization, there is need to solve these issues. To this end, DAEX was found ready solution.
Unity among Exchanges
Its first project will be uniting warring parties. Since DEX took over, CEX was perhaps relegated. CEX aside having its downsides is very good at matching trades. Though it holds traders’ portfolios, it fills the loophole by scaling trades.
To this end, DAEX is bringing the two exchanges. CEX on its part will be pivotal towards efficient trades. On its part, DEX will entrust traders’ portfolio with them.
Clearing Assets
Though decentralized, the block chain might have unknowingly accepted centralized assets. With mad rush by many projects to be part of the polity, the block chain has been filled with many tokens. Facilitated by ICOs, the number of tokens on the block chain is clocking in thousands.
There remains a problem. None of these was literally searched and discovered to be worthy before they got accepted into the chain. Because of this, DAEX is set to police the block chain. As posited by its team, the platform through its clearing chain with backing from the Clearing as a Service protocol will cross-check every digital asset seeking acceptance on the block chain.
With this, the block chain will become regulated while verified assets will get traded on the platform.
Trade with one Wallet
You might have acquired Ethereum and other coins and stored them in separate wallets. Though you might find these wallets safe haven, they actually pose problems when trading. DAEX is bringing together many currencies and placing them in one wallet. So the next time you want to trade BTC, you can do that from mono wallet instead of logging into separate wallets.
Scalable Platform
On DAEX, issues of low throughput are likely not to rear up. The platform has fast trading speed and attracts low fees. For security, it entrusts private keys to users and backs it up by distributing assets.
Distribution of Tokens
Token Specifications
Ticker: DAX
Token Standard: ERC20
Platform: Ethereum
Total Supply: 2 billion
Soft Cap: 7, 000 ETH
Hard Cap: 10, 000 ETH
Price: 1 DAX= $0.07 USD
Accepted Currencies: QTUM, BTC, NEO, ETH
Country: China
Restricted: China, USA
Meet the Team
Advisors
Partners
Conclusion
The era when coins are sneaked into the block chain through the back door of ICOs is gone. DAEX will verify every asset before they get accepted. On the other hand, transactions will be scaled up while users will have full security and access to faster trades through mono wallet.
Learn more 👇 👇 👇
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
ANN Thread: https://bitcointalk.org/index.php?topic=2910479.0
Telegram Group: https://t.me/DAEXOfficial_en
Writer: PLMovs
Writer's Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2035939
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