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DAEX

The Most Reliable Clearing Ecosystem for Digital Assets

The Global DAEX Foundation (www.daex.io) are the creators of DAEX (Digital Assets Exchange), an open and distributed clearing ecosystem for cryptocurrency exchanges. The goal of the project is to alleviate the responsibilities of centralized exchanges by providing them with identity authentication, asset registration, asset clearing and asset settlement services. Centralized exchanges who are part of the ecosystem will remain in control of matching trades, although the aforementioned services will be provided by DAEX using distributed ledger technology and smart contracts. With a wide range of products, the ecosystem will provide several benefits to all participants (exchanges and traders) involved.

2.8
2 1 expert rating
Benchy 2.4
KYC
Experts
5.0
5.0
5.0
View rating distribution
~$1,037,304
value of tokens sold in ICO
Ended
Token
DAX
Type
Price in ICO
0.0652 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, China
ICO start
9th Sep 2018
ICO end
14th Sep 2018
More on ICO
Report

About DAEX

The goal of DAEX is to provide a better infrastructure for the cryptocurrency trading industry by taking the reasonable parts of the mainstream securities trading industry and by taking advantages of new opportunities brought about by the distributed ledger technology. Specifically, trading and clearing will be separated into different entities. Current centralized exchanges will continue to provide trading service. But the clearing work will be handled over to a common clearing service which is based on the DAEX solution. But, different from current centralized clearing services, the DAEX clearing service is based on distributed ledger technology. The distributed ledger technology guarantees that trades are correctly and safely cleared and settled. By using distributed ledger technology, trader’s assets are kept in their own accounts on the blockchain. No one else can access traders’ assets without their permissions. This effectively removes trader’s asset risks in current centralized exchanges.

The DAEX solution will be an open sourced clearing service based on a public blockchain. Its code is open for public inspection and supervision.

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ICO KYC Report
2 members invited
Benjamin Gu
Failed
Hua Zhang
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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