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Ratings 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
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Ravi kash
Blockchain Expert | Fintech Consultant | ICO Advisor |PR and Marketing Expert
Rated on Sep 5, 2018
Modified on Sep 5, 2018
5
5
5
17%

Market penetration: DAEX aims to utilize an existing service, instead of creating a new one. by collaborating with centralized exchanges, DAEX might be able to swiftly penetrate the market and capture a sizeable market share. DAEX allows exchanges to decrease their operational costs and at the same time, creates a relativity trustless environment while decreasing the distrust between traders and exchanges. Hence, it is reasonable to expect that such collaborations will be made. The project has already established alliances with strategic partners such as the Qtum foundation, and is currently in discussions with several high-volume exchanges.

Project potential: The project’s targeted market is the cryptocurrencies trading industry. A huge market where its current value has exceeded 400 Billion USD (by market cap). To date, given the drawbacks of distributed exchanges in terms of liquidity, user experience and transaction execution time, they cannot address the market need properly. Moreover, there are no KYC & AML processes in these exchanges. The existence of such processes might become crucial in accordance with tightening regulations. The DAEX ecosystem aims to provide strong liquidity, high-security level, transparency and a relatively trustless environment, and therefore, may possess a significant competitive advantage over these exchanges.

Team: The team consists of professionals with rich experience in the fintech realm, and especially in the field of clearing and payment. Alongside the core team, the project has a strong advisory board and partners, which bring essential experience.

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Benchy
ICO analyzer bot
2.4
83%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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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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