DAEX - A CRYPTOCURRENCY CLEARING SOLUTION BASED ON DISTRIBUTED LEDGER TECHNOLOGY

in #blockchain6 years ago (edited)

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Good day, friends. For today, I have prepared for you a project called DAEX and all that is associated with it. In our time, the Internet has developed rapidly, and more people are turning to the use or storage of crypto-currency assets. It's no secret that the cryptocurrency has taken its niche in the life of society, as evidenced by the constant discussions of this topic in the media. Perhaps you are right now thinking about buying any kind, promising in your opinion crypto-currencies. But despite all these things, despite the rapid development of the cryptocurrency, it has certain disposable shortcomings.

One of the main shortcomings is the huge variety of exchanges and exchangers, which are often either fraudulent or not very profitable for conducting sales operations. A beginner and even an experienced crypto-currency trader, often have to go through various exchanges in search of the best and reasonable offer. All these negative factors and cause the emergence of such interesting and useful projects as DAEX. Developers create this project just to solve this kind of problem. Perhaps you still have more questions than answers, so we'll take it more clearly and on the shelves.

Description of the project

Let's begin our more detailed analysis and immediately understand what is this DAEX? DAEX is a decentralized platform built on modern technology, which will be a crypto exchange. You might have thought that what is needed is another crypto exchange, which is already huge. To everyone's happiness, the answer to this question is quite simple. DAEX will be not just a currency exchange, it will be a sort of single purse, uniting under its wing a huge number of existing exchanges associated with crypto-currency assets.

The combination of all crypto-exchange exchanges under a single start and the creation of a single purse will in every way simplify the life of all people who have decided to contact the purchase and sale of crypto-currency assets. Often happens that some rare coins are available only on the unknown, little-used exchanges, which causes serious difficulties in their search and ultimately the final purchase. For all of us, investing in certain crypto-currencies will become much simpler and more accessible. But we will not pass attention to the owners of exchanges, which in turn will receive a ready-made client base on which their direct income depends.

The system will be built not on a single base, but on decentralized Blockchain technology. On the platform, in turn, smart contracts will also be used, which will ensure the reliability of transactions, their integrity, and transparency. Blocking technology minimizes the user's risk of losing their account because its data will be reliably protected by the device itself of this technology.

Also, in addition, this project will have its own token inside the platform, whose name will be oddly enough DAEX. The token will be used to conduct trading on the platform, and will also be profitable in use, as it will reduce the commission for trading operations. They can pay for the conduct of a trading account, as well as pay a commission for transfers.

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Differences DAEX from competitors

Another significant advantage of DAEX is that when trading its algorithm, the artificial intelligence will automatically analyze the value of the asset that you buy, compare the collected data and acquire the asset at the most profitable quotation. The same will be the case when you place a sell order. This point should be taken into service by arbitrators. After all, different courses will literally in a few seconds carry out very profitable deals.

When working with DAEX, absolutely all users will have to undergo identification procedure, in common people - KYC. This measure is necessary for a number of reasons, first, it will help to get rid of scammers and those individuals who launder fiat funds at the expense of crypto-currency, and secondly, a single identification on DAEX will avoid the repeated procedure of identification on exchanges where you decide to register. Cool, is not it?

DAEX will closely monitor projects and their tokens and in case of fraudulent activities of the company, will exclude this asset from the platform. Even if this token is traded on connected exchanges, the trader will not be able to do anything with him. Thus, DAEX plans to increase its credibility as a clearing system and attract more and more customers.

DAEX Platform Ecosystem

DAEX developers in the project engine have added many different functions:
  1. There is a purse where you can trade on a wide enough choice of exchanges, trades are carried out without transfer of assets to the stock exchange, more precisely, temporary storage.
  2. The system of bonuses. Using the platform will be a profitable offer for active users.
  3. Support for a huge number of different tokens. This gives its additional advantage, which differs from other companies and their systems.
  4. Separation of actions for clearing and bidding, this, in turn, ensures promptness, as well as flexibility and productivity.

ROADMAP


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Conclusion

In conclusion, sum up some things. This project is, in fact, unique in its kind, but it's not unique by its strength. Developers, which we will talk about in the next review, set as their main goal to create a single eco-system uniting all existing exchanges under its wing. Such good intentions, many times easier life for those people who actively use and buy crypto-currency assets. From myself, I want to add that personally the project will really be useful to me.

For more information about the project and the opportunities to participate, go to the links below:

Official Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Facebook: https://www.facebook.com/daexblockchain
Twitter: https://twitter.com/DaexBlockchain
Telegram: https://t.me/DAEXOfficial_en
Reddit: https://www.reddit.com/r/DAEX_Blockchain/
Medium: https://medium.com/daex
ANN: https://bitcointalk.org/index.php?topic=2910479.0

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looks like a very promising project, thanks for share.

Wow, a very good explanation I was getting excited more really very good project.

Thank you @vital-bd this is another very good post :) one question though
Is it going to be useful to everyone ?