DAEX — global exoplatform with the benefits of centralized and decentralized exchanges. New Chinese project DAEX is positioning itself as exoplatform to provide the services in demand clearing in the cryptocurrency industry. The need for such an intermediary team causes insufficient security of the modern market and a small trust in cryptocurrencies in General.
he DAEX platform will solve these problems using blockchain technology-safe, reliable and open, where every market participant will find benefit for themselves. The project seriously took up such problems as:
security in the digital market;
imperfect financial settlements;
insufficient reliability of clearing mechanisms for assets.
Exoplatform will develop a distributed ecosystem, where will be used the protocols of the multi-clearing based on the blockchain. With the help of the platform, unreliable transactions and doubtful assets will be blocked, token authentication will be used and the transaction process will be restructured.
Using effective distributed registration, digital asset settlement and clearing, DAEX will serve not only digital exchanges, but also individual users. Multi-currency wallet on the platform serves not only to work with digital assets, but also as an identity card.
Digital Assets Exchanges-this is the name of the project. The platform will serve not only decentralized, but also centralized crypto-exchanges. The goal is to combine the exchange and exchangers in the global ecosystem, which will enhance the safety of all activities in the cryptocurrency. The system will operate in cashless mode.
The platform points out the following advantages of using it:
1 Integration of the entire digital industry, thanks to which any assets will be linked on a single platform.
2 Creation of a common user base for exchanges and exchangers, which will provide increased turnover of assets and their liquidity.
3 Formation of a huge range of opportunities for traders and users in terms of investment and asset management.
To achieve its goal, the DAEX team creates a hybrid model of a trading platform that combines the functionality of traditional and decentralized exchanges. The system is based on the functionality of blockchain and smart contracts, thanks to which all processes are managed and controlled.
These actions achieve the global goal of the platform-the unification of platforms for transactions and exchange, where there are no intermediaries. Due to decentralization, the security of storage and exchange of cryptocurrencies and their conversion is ensured.
The purpose of DAEX is quite ambitious. Become a unifying platform for all exchanges and exchangers. This task is very relevant, such a project is necessary, so the project is evaluated positively by analysts.
The technological solution of the project is a public block code that has an open source code that guarantees security-the trader's assets are stored on his account. Thus, users of the platform have the convenience of using a centralized exchange and decentralized exchange security.
DAEX provides a reliable trading infrastructure — all user assets are stored in the chain and can not move without his knowledge and permission. All transactions in the blockchain platform are transparent, which reduces distrust between exchanges and users. To make an exchange transaction, the platform selects the appropriate cryptocurrency, which allows to reduce transaction costs.
The ecosystem consists of three participants:
users',
centralized exchange,
DAEX Foundation.
The latter becomes a bridge connecting the other two. The core of the ecosystem is the DAEX block or the company's clearing chain. In the clearing network will provide settlement and clearing services for all users. Each of them will have a clearing account where assets will be registered, transaction history will be viewed and balances will be monitored.
Multi-currency wallet DAEX will be distributed to support the currency, compatible with ERC20 – BTC, ETH, NEO, Qtum, and others. The user goes through the KUS and registers in the clearing chain, gets a unique shared address and a secret key divided into three parts, two of which are used together to access the cryptocurrency in the wallet. The platform has the ability to restore access in case of key loss.
At the site of DAEX mechanism is used, which is based on clearing the coefficient values and the proof of the bets, called CVT-POS.
Team
Benjamin Gu Is Chairman of the DAEX Foundation and holds an MBA in information management.
Jason Tang is the chief architect. Master of software engineering.
Hana Zhang is a co-founder and has experience in launching startups in the fintech industry.
Stone Zhou is a DAEX multi-currency wallet developer.
Lois Shen marketing Department.
Website: https://www.daex.io
Whitepaper: https://www.daex.io/daexPaper.do
Telegram: https://t.me/DAEXOfficial_en
Twitter: https://twitter.com/DaexBlockchain