DAEX BLOCKCHAIN

Nowadays, it is highly unlikely that you will be able to find a person who hasn’t heard about cryptocurrencies, Bitcoin or blockchain and ICO. Right now, ICO was growing worldwide, but so many ICO these days that use ICO for a scam or just running an ICO and leave it after they got no value. But right now, i want to introduce a promising ICO, that is DAEX BLOCKCHAIN

So, what is DAEX? Well, i'm gonna explain this in a simple way. 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. No other institutions or individuals can access these assets without the owner’s permission.

As a trader or even bounty hunter, I always want to trade on a good exchange. Exchange with low internal fraud risk, low trading cost, high trading speed, and high trading liquidity. Well let me tell you, DAEX can provide them all.
According that what i read on DAEX whitepaper, DAEX is gonna provide a better infrastructure for the cryptocurrency trading industry by taking the reasonable parts of the mainstream securities trading industry and by taking advantages of new opportunities brought about by the distributed ledger technology. Specifically, trading and clearing will be separated into different entities. Right now, current centralized exchanges will continue to provide trading service. But the clearing work will be handled over to a common clearing service which is based on the DAEX solution. But, different from current centralized clearing services, the DAEX clearing service is based on distributed ledger technology. The distributed ledger technology guarantees that trades are correctly and safely cleared and settled. By using distributed ledger technology, trader’s assets are kept in their own accounts on the blockchain. No one else can access traders’ assets without their permissions. This effectively
removes trader’s asset risks in current centralized exchanges.

The DAEX solution will be an open sourced clearing service based on a public
blockchain. Its code is open for public inspection and supervision

According to DAEX Ecosystem, they're gonna 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. And right 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. So, it's like 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.

The DAEX ecosystem uses token DAX to facility the cooperation among different parts in the system. 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.

In 8 days DAEX public sale is gonna starts! With inital price 1 DAX = 0.07 USD. You can join DAEX public sale by fill the KYC form here https://www.daex.io/reg.do The KYC form will close at 1PM GMT September 8 (24 hours before the sale starts)

And according to DAEX site, DAEX is gonna listed on several exchanges and already listed on some of exchanges above, Like LBANK — https://www.lbank.info/ | BCEX — https://www.bcex.ca/coins | ALLCOIN — https://www.allcoin.com/coins | INDODAX — https://indodax.com/
So what are you waiting for? Join the revolution with DAEX BLOCKCHAIN

Disclaimer
*This is just short introduction article about DAEX by Kingsraid, for further information you can always read their whitepaper on https://www.daex.io/daexPaper.do or join their telegram on https://t.me/daexofficialgroup_en

Visit DAEX on
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2910479.0
Telegram: https://t.me/DAEXOfficial_en
Twitter: https://twitter.com/DaexBlockchain

Author
Bitcointalk Username: Kingsraid
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1936096
ETH Address: 0x2611c981AdAb7109E26D0C1798e7B7F20764d5A3