The DAEX Ecosystem
DAEX ecosystem is composed of a clearing service that is based on distributed ledger technology, centralized exchanges and user wallets.The clearing service CaaS is performed by smart contracts on the distributed ledger technology.DAEX will provide clearing service for cryptocurrency derivatives traded on exchanges.The DAEX ecosystem provides the following advantages to participants in the system:
- Secure
- Trust
- Open
The DAEX Foundation is registered in Singapore and mission is to develop the DAEX solution and promote its use among cryptocurrency exchanges in the world and DAEX Foundation’s responsibilities include the following:
1. Information revelation
2. Compliance and auditing
3. Fund management
4. Strategic decisions
5. Arbitrage and reconciliation
6. Public relationship
The goal of the DAEX ecosystem is to help the industry grow in a more orderly and secure way by providing a solid infrastructure that benefits many industry players and to provide CaaS for the cryptocurrency trading industry.CaaS is based on distributed ledger technology, its operation is thus objective and transparent.
DAEX’s job to list new clearing products so that participating exchanges can trade. The DAEX wallet can also simplify the work exchanges and users start trading a new cryptocurrency.DAEX’s services, exchanges therefore can significantly expedite the new product listing work and become more competitive in this rapidly growing industry.
DAEX ecosystem offers participating exchanges a new competitive advantage over competitors and the token rewarding mechanism for everyone-clearing will attract more new users, the DAEX multi-asset wallet lowers the delivering cost and the best combination of centralized trading and distributed clearing.DAEX also significantly lowers the technical
and business entry barriers for aspiring exchanges, providing a solid foundation
for their business growth.
DAEX will address this issue by supporting the underlying asset delivery in cryptocurrency derivatives trading and by using smart contract technology, DAEX will use trader’s digital assets on the blockchain as collaterals, raising trader’s capital efficiency and controlling risk at the same time.
The DAEX system gives every user the right to issue smart digital asset using DAEX tokens and user can create new smart digital asset such as commercial paper and personalized asset by collateralizing certain highly liquid digital assets, then
can be traded among approving users and exchanges, and cleared by the DAEX clearing chain objectively and transparently.
DAEX ecosystem is determined in the early stage, including accounting range and ecosystem parameters with the
development of the ecosystem, users can propose to make amendments to change ecosystem parameters and also propose to make amendments to ecosystem rules.
The DAEX clearing service is different from existing clearing services its service is accessible to all regions and it is not regulated by any regulation body in the world. It relies only on the distributed ledger technology to guarantee an objective and correct clearing service. This nature makes it more appealing to cryptocurrency traders and exchanges in the world.
The DAEX Wallet
The DAEX wallet is the client system of the clearing chain and it is an unmanaged and distributed wallet that supports multiple types of cryptocurrencies .DAEX wallet is produced, a three-part private key also generated.These three parts are kept at different places to provide a safe and recoverable mechanism for private key management. For more details please read DAEX Whitepaper here https://www.daex.io/daexPaper.do
The DAEX ROADMAP
The DAEX TEAM
Foundation Chairman Benjamin GU
Benjamin has extensive experience in Chinese and US financial service and enterprise software companies. He worked at Hua Tai United Securities for more than 5 years as associate CIO, where he was responsible for building industry-leading investment bank support systems. At Options Clearing Corporation, he worked directly on the development and operation of ENCORE—the system used in the US for options clearing. He holds an MBA from the University of Texas in Austin, an MA degree from the University of Notre Dame and is a master graduate from the University of Science and Technology of China.
Co-Founder Hana Zhang
Hana Zhang is an investor of several exchange platforms and is an initial member of IDEL (International Digital Economic League). After being a successful entrepreneur in blockchain and digital assets since 2014, Hana is regarded as an opinion leader in blockchain applications and technology development for digital assets trading. She worked as a strategic consultant for multiple fortune 500 enterprises such as A.T. Kearney, Dun & Bradstreet and Euromonitor International, where she engaged in consulting work for the fields of finance, payment and engineering.
COO Lois Shen
Lois has several years of experience in business development and marketing roles for Fintech and SaaS enterprises. She is a former senior business development manager at Tencent, where she won the award of “Most Outstanding Employee” in 2014. In this role, she was responsible for forming strategic partnerships for WeChat Pay/TenPay with other Fintech enterprises. She has also helped several Fintech clients enter the App Store with a top 10 ranking.
Chief Architect Jason Tang
Mr. Tang has been focusing on Fintech products design and application research for years, with landing products ranging from blockchain, machine learning, knowledge graph to Robo-Advisor. He used to work for the State Street Bank of the United States and served several central bank customers including MAS, BOK and HKMA. Later he worked for CZBANK (China Zheshang Bank) as a product manager in its Fintech Application Research Center and took charge of the first blockchain project which applied to the core system in domestic commercial banks, and the first enterprise account receivables platform based on the blockchain technology. Up till now, he owns two patents in blockchain.
Wallet Architecture Scientist Stone Zhou
Mr. Stone Zhou has more than 10 years of internet project management and development experience. He has a full stack development background and is a wallet architecture expert for digital assets.
The DAEX EXCHANGES
For more information about DAEX Initial Coin Offering,here are the important link you may need to know to avoid any phising site or fake website who trying to steal DAEX legality:
Website : https://www.daex.io/
Telegram: https://t.me/DAEXOfficial_en
Twitter : https://twitter.com/DaexBlockchain
Medium : https://medium.com/daex
Reddit : https://www.reddit.com/r/DAEX_Blockchain/