hy, good afternoon. welcome to my Blog, im ayuwick will review a project that helps you run asset cryptoccurency by providing Clearing assistance. but before that did you know what was meant by clearing? OK, here I will explain a little about what Clearing is. a term in the world of banking and finance shows an activity that runs from the time the agreement is reached for a transaction until the completion of the agreement. Clearing is needed because the speed in the world of trade is much faster than the time needed to complete the execution of transaction assets. Clearing involves management from post-trading, pre-settlement of credit exposures, to ensure that trading transactions are resolved in accordance with market rules, even though buyers and sellers are unable to complete the agreement. this is where the project that I will review plays the name of the Project that provides Clearing assistance is DAEX. lets discuss more here!
Introduce DAEX
DAEX project has the extension "Digital Assets Exchanges". This project was developed and managed by the DAEX Foundation registered in Switzerland. Since its establishment, DAEX has established significant partnerships with institutes such as US Temple University, Qtum Foundation, Jenga Blockchain Capital, Sora Ventures, 8 Decimal Capital, 360 and others. In addition, they are currently discussing with several exchanges including Lbank.info, Bitfinex, Bitstamp, Huobi, and Bittrex. DAEX has been present since 2018 in Q1. one of the people behind the DAEX project is Benjamin Gu he is the Chairman of DAEX Foundation.
What is DAEX?
DAEX is an open and distributed cryptocurrency cleaning ecosystem. DAEX aims to provide clearing solutions for centralized cryptocurrency exchanges, based on distributed ledger technology and smart contracts. in addition to the functions that you can use in running DAEX Cryptoccurency assets will also provide benefits for those of you who contribute directly to the sale of tokens because you can trade DAEX tokens in several exchangers, later you will get financial benefits there. The DAEX solution will be an open sourced clearing service based on a public blockchain. Its code is open for public inspection and supervision.
How It Works?
well , now i will explain how DAEX works to help you. The DAEX ecosystem consists of three participants: end users, centralized exchanges and the DAEX Foundation (daex.io). The DAEX Foundation acts as a bridge that connects the other two participants. The platform is designed to connect data owners (individuals) and data consumers (various enterprises, non-profits and research companies). The DAX marketplace will be based on a multi-token architecture.
The system will employ three tokens. DAX ERC721 token will be linked to the consumer’s identity as they sign up to claim their data. DAX token will be used to access data, stake insertion orders and redeem rewards. DAX ERC20 token will be offered to investors and act as a registered security. ok guys , now i will show you example how to use DAEX and there is a three ways to use this platform
The clearing service comprises of three stages:
firstly, Traders use their wallets to perform trades on a DAEX participating exchange.
Secondly, the exchange matches the trade order.
Thirdly, after a matched trade is formed, it is sent to the clearing chain, and a “clearing smart” contract is then formed for this matched trade.
The clearing smart contract sits on the clearing chain, and it serves two functions: firstly, it validates the matched trade to make sure that it meets all the business requirements. Secondly, the smart contract goes through the consensus mechanism and then updates the corresponding accounts on the ledger with the new trading information. and all this can works if you have token utility that produce by DAEX. you should buy their Token first to enjoy all service and you can also trade them to the market. you can visit here to purchase.
DAEX token
firstly i will make you know that DAEX tokens will be used to pay the clearing and the settlement fees in the DAEX ecosystem. Those fees can be paid solely using the DAEX tokens. Such a token economy ensures that DAEX tokens will play a central role in the clearing chain, as the driver of the ecosystem.
Token sale
Token name DAX
Price 1 DAX = 0.07 USD
Platform Ethereum
Accepting ETH
Minimum investment 2 ETH
Total hard cap: ~25K ETH
The public sale will start at 1PM GMT, September 9, 2018. Investors must pass the KYC application to participate in the sale.
The public sale will start at 1PM GMT, September 9, 2018. Investors must pass the KYC application to participate in the sale.
Token allocation (Finite number of 2 Billion DAX): DAEX foundation is yet to publicize a specific allocation plan, however, according to the team members, only 10% will be held by the team.
Use of the fund: the fund received from private and community donations will be used for the following fields: 45% R&D, 20% community building, 10% branding and P&R, 1% financial affairs and 24% will be allocated to alliances (mainly exchanges). The usage of the fund can be traced and will be periodically publicized to the community through social media.
You can keep up to date with what is happening at Crowdholding by following at Facebook you can Visit the Ann Thread for Bitcointalk forum user or chatting with DAEX on Telegram and you can see news too by following Twitter
this Blog made by ayuwick https://bitcointalk.org/index.php?action=profile;u=954536
this Blog made by ayuwick https://bitcointalk.org/index.php?action=profile;u=954536
