DAEX ICO REVIEW

in #daex3 years ago
  1. DAEX is an open and distributed dugitalcurrency clearing platform. The goal of the platform is to provide clearing solutions for centralized cryptoexchanges.

2)DAEX wants to create a hybrid exchange that brings together the benefits of centralized and decentralized exchanges.

How it Works?

DAEX tokens will be used as a reward mechanism. Those who are part of the DAEX ecosystem – like nodes that participate in the clearing process will receive DAEX tokens as reward.

There are three types of nodes that are eligible to receive DAEX tokens.
They are
1)public nodes,
2)exchange nodes, and
3)super nodes.

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%
Know Your Customer (KYC): YES
Accepts: ETH

Aspects ;

Clearing Account:
Every DAEX user will have a clearing account that allows to store the assets in a safe location. Since it is encrypted, it protects the information from hacks and identity breaches.

Storing Digital Assets:
Assets that are in DAEX’s platform will be stored on its clearing chain. These assets cannot be accessed by any other participants.

Settlement and Clearing:
DAEX’s clearing solution uses distributed ledger technology. It is consensus where the data is spread across multiple channels, with no central authority or storage of data.

Positives

Trust:
All of the operations and transactions are transparent. This will increases trust between the exchanges and users and provides more certainty.

Decentralized Exchanges:
DAEX helps by reducing operational costs for listing new cryptocurrencies so additional exchanges can trade.

Resource Allocation:
Since every exchange has their own clearing work, the trading industry isn’t fully using their resources. By using this, clearing service, the industry resources are used more efficiently.

ROAD MAP ;-

Q1 2018
Publish DAEX whitepaper.

Q2 2018
Publish DAEX technical whitepaper

Q3 2018
Publish DAEX technical whitepaper

Q4 2018
Publish DAEX technical whitepaper (DAEX Fund report, token plan (clearing-as-mining), node deployment and governance model).

Q4 2018
Beta release (test net).

Q2 2019
1.0 release and start in production (main net).

Q4 2019
2.0 release.

DAEX Conclusion

Both Centralized and Decentralized exchanges have unique problems.So,DAEX aims to unite both by creating a new system.