The Settlement Chain connects the DAEX

When a user wishes to bring their digital assets from outside public chains into the DAEX ecosystem, the DAEX Wallet’s Asset Registration & Settlement Center facilitates the registration of these assets in the user’s Custodian Account. These assets are subsequently “locked” into the DAEX ecosystem, with the custody of said assets transferred over to the Custodian Account. Users are able to “lock” and “unlock” their digital assets into and out of DAEX’s custody as they please. In addition, the Asset Registration & Settlement Center also facilitates the mapping of assets into their Mapped Accounts on the Clearing Chain. Users can use these mapped assets for transactions in the DAEX ecosystem. At the same time, the Asset Registration & Settlement Center verifies the authenticity of those registering assets in the DAEX Wallet through multiple authentication methods.
Digital assets held in the Asset Registration & Settlement Center’s Custodian Accounts are all stored in cold wallets located in offline safe houses. The system makes use of isolated networks on heterogeneous servers in order to monitor the digital assets independently. The data stored on the chain is synchronized at multiple points to ensure timeliness and accuracy. It is also checked in real time using a third-party block browser. The Asset Registration & Settlement Center's main responsibilities include:
• Dynamic creation and distribution of
custodian keys
• Encrypted storage of private key
fragments
• Asset receipt verification
• Asset registration and mapping
• Cross-chain exchanges of assets
Situated above the blockchain protocol layer, the DAEX clearing ecosystem facilitates crosschain transfers of value. To some extent, it can be understood as a side-chain solution. Specifically, digital assets can be transferred from one blockchain to another blockchain, and at a later point in time, safely return from the second blockchain to the first blockchain. In this example, the first blockchain could be Bitcoin, Ethereum or another such chain while the second blockchain would be DAEX’s Clearing Chain (which, in this scenario, acts like a "side-chain" of sorts). This clearing ecosystem also enables various types of digital assets to conduct asset transaction clearing and settlements that are more in line with business scenarios outside the main network.

The DAEX Team
The DAEX team can boast of considerable pedigree. They are some of the most eligible people who can be recruited in this emerging field.

Benjamin Gu (Chairman) — Benjamin Gu has experience in the clearing and settlement field for US options-based securities. He held several management level positions and is a master graduate from the University of Science and Technology of China. Benjamin was involved in the development of ENCORE, which is the system used today for clearing of all US-based options.
Jason Tang (Chief Architect & Co-Founder) — Jason Tang holds two patents in Mainland China related to development of blockchain technology. He used to work for China Zheshang Bank and was involved in the first blockchain project implemented across all commercial banks, and the first accounts receivables platform based on blockchain technology.
Hana Zhang (Co-Founder) — Hana Zhang is a cryptocurrency exchange investor and a member of IDEL (International Digital Economic League). In China she is an opinion leader in the blockchain space, and has worked for fortune 500 companies such as A.T Kearney, Dun & Bradstreet and Euromonitor International.
TOKEN
Token used on the ecosystem is known as DAX. They are built on the ERC20 smart contract and help to facilitate cooperation among the different parts of the Daex ecosystem. The tokens would serve as a form of reward for opening an account on Daex platform, for inviting others to participate and for actual participation by utilizing the clearing services during trading. They would also serve as means of payment of clearing and settlement fee.
For more information:
Website: https://www.daex.io/

Whitepaper: https://www.daex.io/daexPaper.do

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2910479.0

Telegram: https://t.me/DAEXOfficial_en

Twitter: https://twitter.com/DaexBlockchain

Bitcointalk Username: chaupm

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1455825