DAEX: THE MOST RELIABLE CLEARING ECOSYSTEM FOR DIGITAL ASSETS

DAEX is a decentralized ecosystem that builds efficiency and reliability between traders and exchange markets in an industry. In DAEX ecosystem, there is a clearing service that is based on distributed ledger technology, centralized exchanges and user wallets. Traders use their wallets to perform trades on exchanges. After trades are matched at exchanges, synchronization takes place; that is, 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, there will be a provision of clearing service for cryptocurrency derivatives traded on exchanges.
Through quality measures in real-time, DAEX will provide a decentralized platform where:
 Liquidity, speed and flexibility is assured
 More security measures are available
 There is risk-free trading between centralized and distributed exchanges
 Transparency in KYC is met

PARTICIPANTS OF THE DAEX ECOSYSTEM
 The DAEX Foundation
They are set aside to develop the DAEX solution and promote its use among cryptocurrency exchanges in the world. The cryptocurrencies industry is still in its very early stage.
 Wallet Users
Wallet users whose identity have been certified can use various functions such as trading and asset delivery.
 Exchanges
Provide cryptocurrency and derivatives trading services for wallet users. Counsel member of the clearing union. Provide a node on the clearing blockchain.

PROBLEMS:
Apart from the struggle to gain a comfortable market value, the cryptocurrency market are left with a lot of challenges as there is a rapid increase in the number of cryptocurrencies. New currencies and trading exchanges are forced to have a Bitcoin derivative if they want to survive in the system, owing to the fact that Bitcoin hold over 50% of the crypto market share. The blame is put on the two types of cryptocurrency trading exchanges; mostly the centralized exchanges for its poor productivity over distributed exchanges and vice versa. The fact is each type has its own advantages and disadvantages. Despite the advantages of privacy and asset control, however, distributed exchanges also have serious disadvantages, particularly in terms of liquidity, matching speed and flexibility. Because of these disadvantages, distributed exchanges never become widely used in cryptocurrency trading.

THE VALUES OF DAEX ECOSYSTEM:
 Clearing-as-a-Service (CaaS)
Provision of CaaS for the cryptocurrency trading industry eliminates the internal and external risks customer’s digital assets face, and thus created a transparent and unbiased trading platform between exchanges and traders.
 More effective way to list digital assets
With the rapid growth of ICO events, more and more cryptocurrencies are entering the market every day. Lots of them are either pure fraud schemes or low quality coins that will never survive. As a clearing service, DAEX can list new clearing products so that participating exchanges can trade. The DAEX wallet can also simplify the work exchanges and users start trading a new cryptocurrency. Exchanges can significantly expedite the new product listing work and become more competitive in this rapidly growing industry.
 Help exchanges to become more competitive
Cryptocurrency exchanges nowadays offer the same service. DAEX ecosystem offers participating exchanges a new competitive advantage over competitors. First of all, the token rewarding mechanism for everyone-clearing will attract more new users, generate more frequent trades and more trading quantity. Secondly, the DAEX multi-asset wallet lowers the delivering cost. Thirdly, the separation of trading and clearing helps exchanges to focus more on their core competencies, thus maintain their competitive advantages.
 DAEX Token Reward
The DAEX ecosystem uses DAX, an ERC20 token to incentive users both for witnessing clearing and for user participation.

BENEFITS
 Secure
Participating exchanges must meet the business and technology requirements of the ecosystem, thus the quality of trading service is maintained. User’s assets are all held on the blockchain. Assets cannot be moved without user’s admission. Multiple-part private key further protect user’s assets and also a safe recovery mechanism in case a user loses his private key. Smart contract and the blockchain technology guarantees the correctness of clearing and settlement.
 Trust
The DAEX ecosystem therefore provides a safe and trustworthy environment for exchanges and traders.
 Open
DAEX ecosystem is Open Source and thus welcome new exchanges. Participating exchanges use all products and services provided by DAEX, including wallets and clearing. Also, these exchanges can utilize the value added services provided by DAEX, such as crptocurrency derivatives trading.

CONCLUSION
With full focus and commitment, DAEX aims at providing a decentralized ecosystem where the need for security, transparency and true reliability of digital assets for both centralized and distributed exchanges. With DAEX, there will be no doubt between enterprises, new and existing cryptocurrencies will grow independently to their expectations, and investors will see the need to gain more assets.

Useful Information links:
Website: https://daex.io
Whitepaper: https://daex.io/whitepaper.html
Telegram: https://t.me/DAEXOfficial_en
⭐️Medium: https://medium.com/daex
⭐️Twitter: https://twitter.com/DaexBlockchain
⭐️Reddit: https://www.reddit.com/r/DAEX_Blockchain/

Bounty0x Username:Ironrose