DAEX: A CRYPTOCURRENCY CLEARING SOLUTION BASED ON DISTRIBUTED LEDGER TECHNOLOGY

adnanzeal (38)in #ico • 6 years ago (edited)

There is a long history of centralized exchanges which are being a prime target for hacking groups. DAEX is a cryptocurrency clearing platform which is open and circulated in nature. Through the distributed ledger innovation and smart contract, DAEX plans to solve the challenges brought by centralized cryptocurrency platforms. DAEX has built up a good collaboration with some big players in this industry, e.g. Qtum Foundation, Sora Ventures, 360 et’al, since its establishment.

It provides both exchanges and traders with a more efficient and trustworthy trading environment, with its mission to separate clearing and trading into individual entities; it also creates a multi-asset wallet for both enterprises and traders. There is a form of agreement service in transacting digital currency which is known as clearing so that transaction is achieved, then the transaction is recorded on technology in the ledger and distributed through smart contracts.

DAEX has lots of features that will add value to the digital asset world and these features are:

DAEX provides a strong identity identification procedure coupled with a sound registration of users’ asset which reduces several irregularities.
DAEX is introducing a digital wallet system that fosters the management of digital assets which will be hosted on the blockchain ecosystem.
The operation of DAEX is boosted by a decentralized system that gives every user the opportunity to participate in the platform and also adding and creating more value to the asset of these individuals.
The use of a smart contract based protocol prevents the irrelevant intervention of third parties into the system.

DAX token holders will receive the value using the Clearing Value Factor based on their activities in the ecosystem. There are several factors which influence this value, which includes the following:

• Clearing Value: By calculating the number of contracts clearing user accumulation and the total clearing amount in the current time changes, it measures clearing contributions.
• Capital Value: Calculate the total value of users' digital assets in the clearing ecosystem based on factors which include rank, circulation ratio, market value, and daily transaction volume.
• Transaction Value: It is the calculation of transaction value is based on a scientific combination of periodic peaks and clearing times, trade channels, trading components, and other factors.
• Active Value: It is based on the time of user clearing participation, the ability to influence trade, and new customers developed as well as other factors to shape the clearing activity profile.
• Identity Value: based on the participation of users in the business range on the exchange, etc. it calculates of the level of identity clearing.

In conclusion, to help members in the ecosystem DAEX has an array of strong and experienced work-force with a vision to achieve the goal of a safe user friendly clearing system, DAEX can effectively address flaws and risks of the current сrурtосurrеnсу industry and lay a solid foundation for the healthy development of this industry. DAEX improves the full ownership of the users’ asset making them control how to utilize their asset transactions effectively, by providing an overview of the digital wallet system and also a smart contract system.