DAEX, A DECENTRALIZED DIGITAL ASSET CLEARING ECOSYSTEM

flintcode (37)in #cryptocurrency • 6 years ago (edited)

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DAEX is a unique hybrid crypto exchange that is presenting clearing and trading as two separate procedures for quick and effective trading experience. The DAEX Foundation is based in Switzerland which has founded this blockchain powered project. The founders are already in a partnership with Jenga Blockchain capital, Qtum Foundation, 8 Decimal Capital, Sora Ventures, and some other investors.

Though it has gained the attention of some of the leading crypto investors, it is still offering common investors an opportunity of investing in the DAEX tokens. This platform will leverage all the benefits of decentralized and centralized exchange. It will develop and launch a hybrid exchange where the users can get features of both traditional and decentralized exchanges.

Designed to resolve some major issues affecting the crypto industry:

DAEX is obviously not the first ICO project that aims to offer the solution of both centralized and decentralized exchanges. It has some unique features and technology that will actually resolve some major issue affecting today’s crypto market.

Whenever a trader or investor decides to buy crypto coins, he needs to visit an online exchange where he can find some of the most popular crypto assets. People either choose a centralized exchange or a decentralized exchange. The centralized or traditional system based crypto exchanges offer a centralized order matching solution for trading.

Centralized crypto exchanges hold investors’ funds and allow them to complete trades across the order book. High liquidity, fast performance, etc. are a few features that force investors to choose the centralized crypto exchanges. One big issue with centralized exchanges is the lack of control over the funds and it worries many traders.

The decentralized exchanges of blockchain-powered exchanges are pretty different because they operate quite differently. This type of crypto exchanges is introduced to completely eliminate the requirement of a middleman whenever two parties are dealing with one another. The traders enjoy P2P trading solutions and they get a complete control over all of their cryptocurrencies. That’s how traders which use decentralized crypto exchange experience better security of all the funds and assets they hold. The transaction times and low liquidity are some major issues with the decentralized exchanges, which worry many users. DAEX is developed to resolve both of these issues. It will be able to resolve these issues by featuring a hybrid exchange. This digital exchange will inherit good properties of both centralized and decentralized crypto exchanges.

The Clearing Chain:

DAEX is featuring a purpose-built clearing ecosystem that will connect three parties with one another within the ecosystem. These three parties would be a user, DAEX Foundation, and the centralized exchange. Essentially, this clearing chain work to connect the users with the centralized exchanges. This clearing chain is formed only to offer clearing and settlement solutions for institutional users and individual users.

My Final Thoughts:

Along with offering clearing and settlement solutions, this platform is going to provide participants with many rewards. Every participant will gain free DAEX tokens for participating and improving the clearing process. Therefore, it can draw numerous investors from all over the globe.