crypto: DAEX

DAEX stands for Digital Fixed Assets Exchange, and this project develops a convenient platform for settlements between users and in stock trading. This project seeks to Li all available cryptocurrency exchanges and exchangers in one convenient ecosystem. For end users, this will greatly simplify life, because cryptocurrency income becomes easier and more accessible to many people. It is also possible to distinguish other advantages of symbiosis like this:

in the digital industry, DAEX will be a link that you can use to connect all assets on the platform.
Exchange and exchange Kriptovaljutnye will receive a customer base ready for work, which will be very useful for exchanges that are not open or plans to open. The same applies to cryptocurrency exchangers.
Traders will get various opportunities to manage various assets, investment in various projects will be easier, because the platform will help its customers with KYC, because it will be possible to calculate assets.

DAEX goal

The aim of DAEX is to provide better infrastructure for the cryptocurrency trading industry by taking a reasonable share of the main securities trading industry and by taking advantage of new opportunities brought by distributed ledger technology. In particular, trading and clearing will be separated into different entities. At present a centralized exchange will continue to provide trade services. However the clearing work will be handled to a general clearing service based on the DAEX solution. However, in contrast to current centralized clearing services, DAEX clearing services are based on distributed ledger technology. Distributed ledger technology guarantees the correct and safe trade is cleaned and completed. By using distributed ledger technology, merchant assets are stored in their own accounts on blockchain. No one else can access trader assets without their permission. This effectively eliminates the risk of merchant assets in the current centralized exchange.

The DAEX solution will be an open source based clearing service public blockchain. The code is open for public inspection and supervision.

How does it work?

Daex project developers want to create a combination of traditional exchanges and crypto currency exchange.

This solution will be based on blockchain technology, where data will not be stored in one place, but distributed through several channels, which will provide greater security for end users. Also in the system will be introduced a smart contract for the accuracy and transparency of all operations. This solution fully automates the process, eliminating human factors, which is already added value.

DAEX Ecosystem

The DAEX ecosystem consists of clearing services based on distributed ledger technology, centralized exchanges and user wallets. Traders use their wallets to trade on exchanges. After trading is matched on the exchange, the exchange sends trades that match the clearing service. CaaS clearing services are carried out by smart contracts on distributed ledger technology. During the initial phase of DAEX, cryptocurrency will be served. During the future DAEX phase, cryptocurrency derivatives will be serviced. That is, DAEX will provide clearing services for cryptocurrency derivatives traded on the exchange.

Comparison of Different Modes

The DAEX ecosystem is the best combination of centralized trading and distributed clearing. DAEX users can enjoy the best trading experience provided by centralized exchanges and also at the same time do not have to worry about the security of their trading assets. DAEX also significantly lowered technical barriers and barriers to entering the business to get exchanges, providing a strong foundation for the growth of their business.

DAEX Clearing Solution

The clearing chain is the core of the DAEX clearing ecosystem. This is an open source open source clearing solution based on distributed ledger technology. It provides clearing and settlement services for individual and institutional users. This chain is used in several nodes on a public cloud. This uses one type of POS consensus mechanism to validate transactions.

Smart clearing contracts based on smart contract technology play an important role in this clearing service. All clearing and settlement business rules are pre-programmed in this clearing contract. This smart contract completes the entire clearing cycle and the corresponding trade settlement. After the corresponding trade is formed in the participating DAEX exchange, it is sent to the clearing chain. Clearing smart contracts are then formed for this suitable trade. This clearing clearing contract will first validate a suitable trade to ensure that it meets all business requirements. After validation, the smart contract passes through the consensus mechanism and then updates the associated account in the ledger.

ABOUT TOKEN DAEX

The initial token of the DAEX platform will be a compatible ERC 20 and swap at 1: 1 ratio will be made when the DAEX blockchain is launched. Ticker is a DAX token and will be used as a reward mechanism and will be used for clearing and settlement at the DAEX ecosystem. This use makes DAX tokens the core in the ecosystem and this will help drive value.

A sign of buyback of the will be carried out to avoid inflation program and a gradual lockout program for some of the programs issued during the ICO phase. It aims to maintain a reasonable number of tokens on the market.

Ticker: DAX
Token Type: ERC20
Total Tokens: 2,000,000,000
Use of DAX Tokens