DAEX: Clearing Ecosystem for Cryptos

The global financial system is no longer as it was in last two decades. Though changes are imminent and positive ones are adopted, it seemed recent changes in the system are not according to stakeholders’ dictates.

Around 2008 when the global financial crisis held sway, many countries struggled to be pulled out of recession. It was perhaps a coincidence that new payments were effected around that time. The invention of cryptographic currencies in 2008 and subsequent usage from 2009 was unprecedented.

Though many had touted its downfall, the currency had continued to wax stronger. With over $200 billion USD market value, the world should be prepared for a new global currency. The dream might however be punctured.
Following volatility and fluctuation of these currencies, one cannot pin-point their directions. They are up this moment and in the red few hours later.
Each cryptographic currency has its primary exchange in addition to a block chain platform. Through these exchanges, the primary delegation of the currency is carried out. There were variations in these exchanges. At first, what was obtainable was centralized exchanged that was reputed for its matching and liquidity.
Its inability to solve security led to the formation of a decentralized outlook. DEX proved better variant to exchanges since it reduced costs and delegated assets to owners. DAEX was created as bridge-builder.

DAEX – Creating Mono-Exchange
The platform collated these exchanges and brought them together. CEX will oversee transactions and the clearing chain will verify assets.

Creating a Clearing House
The success of Bitcoin motivated other projects. That was the reason behind over 2, 000 currencies we have today. Almost all currencies on the block chain claim to be decentralized. The aftermath is non-identification of real coins from scams. There have been times when investors questioned the feasibility of an ICO.

DAEX examined these challenges and came up with a solution it termed clearing chain. The clearing chain is derived from DAEX’s Clearing as a Service (CaaS) protocol. The idea behind this initiative is to verify assets before they are accepted into the block chain.

Ecosystem
DAEX has operational ecosystem that will work in tandem with the dictates of the clearing chain. Verified assets are sent into the system for users to trade on the ecosystem.

Unified Wallet

In the past, you hardly get to trade Ethereum with Bitcoin. DAEX hence unifies all wallets. The digital wallet offered by DAEX allows you store multiple currencies and coins and trade from same. You won’t have to create multiple wallets for your coins and there won’t be need trading from different wallets. The wallet also allows tracking of exchanges and transactions have to be cleared through CaaS before implementation.

Token Distribution

Token Specifications
Ticker: DAX
Platform: Ethereum
Token Standard: ERC20
Price: 1 DAX= $0.07 USD
Soft Cap: 7, 000 ETH
Hard Cap: 10, 000 ETH
Total Supply: 2 billion
Accepted Currencies: QTUM, BTC, NEO, ETH
Country: China
Restricted Areas: China, USA

DAEX’s Team

Advisors

Partners

Conclusion
DAEX facilitates trust in exchanges. With transparency offered by the block chain, you can trade with assurance. On the other hand, the unity of exchanges will bring the best of crypto trades.

For more information, please visit;

Website--https://daex.io

Twitter-- https://twitter.com/DaexBlockchain

Telegram-- https://t.me/DAEXOfficial_en

Medium--- https://medium.com/daex

Reddit-- https://www.reddit.com/r/DAEX_Blockchain

Facebook-- https://www.facebook.com/daexblockchain/

Linkekdin--- https://www.linkedin.com/company/daex-blockchain-group-limited

AUTHORS DETAILS

Bitcointalk username : Lynkels

Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1820069