About Daex

The goal of DAEX is to provide a better infrastructure for the cryptocurrency trading industry by taking the reasonable parts of the mainstream securities trading industry and by taking advantages of new opportunities brought about by the distributed ledger technology. Specifically, trading and clearing will be separated into different entities. Current centralized exchanges will continue to provide trading service. But the clearing work will be handled over to a common clearing service which is based on the DAEX solution. But, different from current centralized clearing services, the DAEX clearing service is based on distributed ledger technology. The distributed ledger technology guarantees that trades are correctly and safely cleared and settled. By using distributed ledger technology, trader’s assets are kept in their own accounts on the blockchain. No one else can access traders’ assets without their permissions. This effectively removes trader’s asset risks in current centralized exchanges. The DAEX solution will be an open sourced clearing service based on a public blockchain. Its code is open for public inspection and supervision.

Basic Information

Value

Secure

A joint custodian organization for all registered assets within DAEX ecosystem. A multi-level encryption mechanism for DAEX Wallet.

Transparent

A public clearing chain that enables transparent accounting information. Allowing everyone to witness and share the benefit of DAEX’s clearing ecosystem.

Open

An open ecosystem supports trading and clearing.An infrastructure supports future derivatives business.

Ecosystem

Wallet

Supporting multiple assets for both enterprise and individual level customers.

Clearing Chain

A public clearing chain supports cross chain clearing for digital assets.

Fund

Supporting investments of cryptocurrency exchanges and wallets, cross chain solutions and asset management projects.

The Clearing Chain is the core

It provides institution and individual customers with a unified clearing and settlement service using distributed ledger technology.

The DAEX wallet supports multiple assets, which are accessed using a multi-segment key. Multiple encryptions keep the wallet safe and secure. End users have full control and ownership of their assets.

DAX Tokens

The Global DAEX Foundation (www.daex.io) are the creators of DAEX (Digital Assets Exchange), an open and distributed clearing ecosystem for cryptocurrency exchanges.

The DAX token is a utility token that will be used across all exchanges in the DAEX ecosystem. Traders who own DAX will be able to securely record and validate transactions in a transparent environment.

Video

Team

Member Benjamin Gu FOUNDATION CHAIRMAN Hana Zhang CO-FOUNDER Lois Shen COO Jason Tang CHIEF ARCHITECT

[su_quote]This article is writing on 11 Aug 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258[/su_quote]

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