DAEX Exchange Featuring Both Distributed And Centralized Exchange Ecosystem

dprincebh (25)in #exchange • 6 years ago

Since the birth of blockchain there have been numerous advantages of it such as privacy and security. Bitcoin and other digital currency are already growing and will continue growing as more people including the big players are becoming interested in the blockchain. But how do we get this digital currencies, how do we buy them if we got some cash and we are interested in buy such digital currencies, how do we convert our cash to digital currency?, There is need for an exchanger a crypto Exchanger. A crypto exchanger is a Marketplace where a user can easily exchange from one currency to another e.g Bitcoin to USD or Bitcoin to Ethereum. But the major things to look out in an exchange before getting to use them is the liquidity, security, privacy, high protection of users asset, the transactions execution time, the fee charged when exchanging, all this factors are important. In this modern era of digital currencies several exchanges had already been built, But we only have to type of Exchange which are the centralized and distributed exchange. Let's look into them
There had been a tremendous growth in the crypto market recently this year where as the daily trading volume is approximately $ 20 billion where as last year it was about $160+ million and this has raised the need for more secure and effective Exchange. In the centralized exchange users asset are hold in the exchanger own storage while the order book is handle by a third-party in this type of centralized exchange their is a high trading volume(liquidity) and also a fast transaction execution time and they are vulnerable to hacking such type of Exchange are Binance and kucoin while in Decentralized exchanges users hold their asset in their personal wallet in which they have access to their private keys in this case the exchange do not have access to it's users assets and there is high protection for users assets, this exchanges uses smart contract. This type of Exchange has a slow transaction execution time and also low liquidity where trades happens between peers. Examples of Decentralized Exchangers are fordelta, etherdelta, tokenstore, tokenjar and many other. So what is Daex exchange here to offer?

DAEX EXCHANGE

Daex Exchange(Digital Assets Exchange) is an open and distributed cryptocurrency clearing ecosystem for crypto Exchange(combination of both centralized and distributed). Daex was built by The Global DAEX Foundation (www.daex.io) which is registered in Switzerland.

DAEX ECOSYSTEM

Daex exchange based on distributed ledger technology and smart contracts primary aim is to provide a clearing solution for centralized exchange by provide them with asset settlement, asset clearing and also asset registration. Daex is here to provide users with a relatively trustless environment, transparent, high security level and also strong liquidity. Since the centralized exchange are part of the Daex ecosystem they will be responsible for providing trading service where as the clearing and the settlement services will be based on the Daex ecosystem. In this case users of the Daex exchange will be responsible for keeping there assets in there wallet providing them with there private where as the Daex doesn't have access to there account and also allowing users to benefits from the centralized services without been expose to risk. In the Daex system there will be low trading fee, low internal risk, high trading speed and also high trading liquidity. Deax aims to provide an Exchanger with trust where all transaction are transparent, resource allocation and security where users asset are of user's control.
Other main features of the Daex ecosystem is the Daex clearing chain know as the Daex blockchain, Daex wallet, Daex Cross chain and also the Daex Fund. Daex clearing chain serving as the Daex Blockchain will serve as a storage for storing transaction data's for multiple types of digital assets. Daex Fund this will provide support in investments related to wallets and exchange and also consisting of several institutional investors.
You can also find more details about Daex project on there
website https://daex.io/ or
white paper https://daex.io/whitepaper.html.

The Differences

DAEX TOKEN (DAX)

The Daex token (DAX) is an ERC-20 which is the utility token of the Daex platform it will used to carry operations on the exchange, such as paying of trading fees and also clearing and the settlement fees. In total 2 billion DAX token will be produce, in which 30% will be available for sale with a Fundraising Goal of $86.2 million which is almost achieve in the private sale, at the rate of $0.07 per DAX and 10% will be held for the team.
DAX Token Allocation