DAEX aims to utilize the merits of a distributed ledger technology to handle the clearing aspect of cryptocurrency trading. Trading will go on as usual on the centralized exchanges; however clearing will be taken care of by Daex solution. This will ensure that trades are successfully cleared and settled. Also, the DLT as utilized by Daex see to it that while trading is going on, funds are securely kept in traders’ account and only them can gain access to their funds thus eliminating the risks associated with centralized exchanges. In essence, Daex safely integrates the merits of centralized exchanges (CEX) with decentralized distributed exchanges; it allows users enjoy the trading experience as presented by CEX while eliminating doubts as regards the safety of their funds.

DAEX CHARACTERISTICS

• Secure — A joint custodian organization for all registered assets within DAEX ecosystem. A multi-level encryption mechanism for DAEX Wallet.
• Transparent — A public clearing chain that enables transparent accounting information. Allowing everyone to witness and share the benefit of DAEX’s clearing ecosystem.
• Open — An open ecosystem supports trading and clearing an infrastructure supports future derivatives business.

Centralized exchanges have a long history of being a prime target for hacking groups. It seems like a weekly occurrence where thieves are able to access and steal funds from these entities, with the amounts stolen ranging up to hundreds of millions of dollars.

Similar to a bank, these centralized entities are in full control of the funds the moment a trader makes a deposit on the exchange. They also act as clearing houses that provide order matching, clearing and settlement services. With this infrastructure, traders must fully trust the exchange to not only store their assets securely from both external and internal threats, but also facilitate trades that take place. The hot wallets they use to store their customers’ digital assets make it possible for said hacking attempts.

ENEFITS OF DAEX ECOSYSTEM

The platform provides privacy and security of users’ funds and assets as it requires the authorization of users for funds to be moved. Assets are protected with the use of multi-part private key which only the user has access to.

The Daex system offers a transparent platform of asset trading for its users. The platform allows for other existing exchanges to participate and make use of its products and services such as the clearing service and multi-currency wallet

The use of the platform instills trust and confidence in users as they are guaranteed of a safe and secured platform for their cryptocurrency asset trading.

TOKEN

Token used on the ecosystem is known as DAX. They are built on the ERC20 smart contract and help to facilitate cooperation among the different parts of the Daex ecosystem. The tokens would serve as a form of reward for opening an account on Daex platform, for inviting others to participate and for actual participation by utilizing the clearing services during trading. They would also serve as means of payment of clearing and settlement fee.
The DAX tokens are current being traded on:

ROADMAP

TEAM

BENJAMIN GU - Foundation Chairman
Benjamin has extensive experience in Chinese and US financial service and enterprise software companies. He worked at Hua Tai United Securities for more than 5 years as associate CIO, where he was responsible for building industry-leading investment bank support systems. At Options Clearing Corporation, he worked directly on the development and operation of ENCORE—the system used in the US for options clearing. He holds an MBA from the University of Texas in Austin, an MA degree from the University of Notre Dame and is a master graduate from the University of Science and Technology of China.

HANA ZHANG - Co-Founder
Hana Zhang is an investor of several exchange platforms and is an initial member of IDEL (International Digital Economic League). After being a successful entrepreneur in blockchain and digital assets since 2014, Hana is regarded as an opinion leader in blockchain applications and technology development for digital assets trading. She worked as a strategic consultant for multiple fortune 500 enterprises such as A.T. Kearney, Dun & Bradstreet and Euromonitor International, where she engaged in consulting work for the fields of finance, payment and engineering.

LOIS SHEN - COO

Lois has several years of experience in business development and marketing roles for Fintech and SaaS enterprises. She is a former senior business development manager at Tencent, where she won the award of “Most Outstanding Employee” in 2014. In this role, she was responsible for forming strategic partnerships for WeChat Pay/TenPay with other Fintech enterprises. She has also helped several Fintech clients enter the App Store with a top 10 ranking.

JASON TANG - Chief Architect

Mr. Tang has been focusing on Fintech products design and application research for years, with landing products ranging from blockchain, machine learning, knowledge graph to Robo-Advisor. He used to work for the State Street Bank of the United States and served several central bank customers including MAS, BOK and HKMA. Later he worked for CZBANK (China Zheshang Bank) as a product manager in its Fintech Application Research Center and took charge of the first blockchain project which applied to the core system in domestic commercial banks, and the first enterprise account receivables platform based on the blockchain technology. Up till now, he owns two patents in blockchain.

STONE ZHOU - Wallet Architecture Scientist

Mr. Stone Zhou has more than 10 years of internet project management and development experience. He has a full stack development background and is a wallet architecture expert for digital assets.

CONCLUDE

DAEX already penetrated the Russian, South korean, Thailand, Singaporean, Indonesian, and Australian markets. Recently DAEX expanded its Global ecosystem further with strategic investments in identification technology group IAME. By partnering with IAME, the company aim’s to further improve its product’s technical advantages. DAEX project is very simple and it is friendly user, This project has a bright future. If you are interested to invest on their ICO Contact their telegram or you can visit their website.

For more information, please visit:
Website | Whitepaper | ANN Thread | Telegram

Author: Dinh Van Tuyen
Bitcointalk username: dvtuyen
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2114926