What is DAEX?

What is DAEX? DAEX is a distributed digital asset clearing ecosystem built using a blockchain-based multi-asset clearing and settlement protocol. By decoupling assets and transactions, the system will provide exchanges, corporations and individuals with a full range of clearing and wallet solutions which address key issues in the digital asset ecosystem, such as credibility, availability and the security of their digital assets. In this way, the ecosystem will protect the interests of investors while promoting the fair and stable development of the industry as a whole. Key DAEX partners include Qtum Foundation, 8 Decimal Capital, DFJ Dragon Fund, IDEL, J One Capital, JRR and various other prominent investment organizations.

What is DAEX

How it Works

How it Works

DAEX ecosystem is composed of a clearing service that is based on distributed ledger technology, centralized exchanges and user wallets. Traders use their wallets to perform trades on exchanges. After trades are matched at exchanges, exchanges send matched trades to the clearing service. The clearing service CaaS is performed by smart contracts on the distributed ledger technology. During the initial phase of DAEX, cryptocurrencies will be serviced. During future phases of DAEX, cryptocurrency derivatives will be serviced. That is, DAEX will provide clearing service for cryptocurrency derivatives traded on exchanges.

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 safety of their trading assets. DAEX also significantly lowers the technical and business entry barriers for aspiring exchanges, providing a solid foundation for their business growth.

✓ DAEX Wallet

Supporting multiple assets for both enterprise and individual level customers.

✓ DAEX Clearing Chain

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

✓ DAEX Fund

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

Token Sale

Ticker: DAX

Token type: ERC20

ICO Token Price: 1 DAX = 0.0700 USD

Fundraising Goal: 2,800,000 USD

Total Tokens: 2,000,000,000

Available for Token Sale: 2%

The DAEX Foundation issues DAX to raise fund for the development of the DAEX solution. During the initial offering phase, accepted cryptocurrencies include BTC, ETH, QTUM, and NEO. They will issue corresponding ERC20 coins. Received cryptocurrencies will be managed by the DAEX Foundation, and supervised by exchanges collectively. They will also make a comprehensive token repurchase program to avoid inflation and a phased lock in program on some assets issued during the initial offering phase. The goal of these programs is to maintain a reasonable amount of tokens in the market.

Bounty DAEX

DAEX has reserved 600,000 DAX token. All of these DAX tokens will be fully distributed among the DAEX bounty campaign participants. As the total amount of participants is unknown, the DAX token will be allocated based on a predetermined amount for each bounty campaign.

Distribution of Rewards:

Telegram, Reddit, and Twitter : 60%
Signature Campaign: 15%
Blog & YouTube Campaign: 25%

Official Bounty Bitcointalk: https://bitcointalk.org/index.php?topic=4958619.0

Conclusion

DAEX is a clearing solution for centralized cryptocurrency trading exchanges. Its clearing service is based on distributed ledger technology. Clearing and settlement rules are preprogrammed into clearing smart contracts on the DAEX clearing chain. The clearing process is automatic without people’ s interference. The objectivity of clearing is guaranteed by the consensus mechanism on the clearing chain. Also, customers’ digital assets are registered and stored on the DAEX’ s clearing chain. A clearing smart contract that is based on the smart contract technology plays a pivotal role in this clearing service. All clearing and settlement business rules are preprogrammed into this clearing contract. This smart contract finishes the whole clearing and settlement cycle of a matched trade. After a matched trade is formed in a DAEX participating exchange, it is sent to the clearing chain. A clearing smart contract is then formed for this matched trade. This clearing smart contract will first validate the matched trade to make sure that it meets all the business requirements. After the validation, the smart contract goes through the consensus mechanism and then updates corresponding accounts on the ledger. No other institutions or individuals can access these assets without the owner’s permission. More info in DAEX paper.

Follow the latest updates and news:

Official website: https://www.daex.io/

DAEX paper: https://www.daex.io/daexPaper.do

Telegram: https://t.me/DAEXOfficial_en

Follow official Twitter: https://twitter.com/DaexBlockchain

Medium: https://medium.com/daex

Bitcointalk: https://bitcointalk.org/index.php?topic=2910479.0

Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=4958619.0

Reddit: https://www.reddit.com/r/DAEX_Blockchain/

My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1090770

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