DAEX DAX

$0.0118
Market Cap $ 4.369 MM (#536)
24h Volume $ 963.992 K
Chg. 24h: 1.04%
Algo. score 3.2/5  (#421)
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DAEX project purpose and description

DAEX clarity of purpose

DAEX purpose and aspects

Settlement and clearing platform based on the blockchain for exchanges

DAEX categories

EnterpriseTrading

Short description

DAEX is a clearing solution for centralized cryptocurrency trading exchanges. Its clearing service is based on distributed ledger technology. Clearing and settlement rules are preprogrammed into clearing smart contracts on the DAEX clearing chain. The clearing process is automatic without people’ s interference. The objectivity of clearing is guaranteed by the consensus mechanism on the clearing chain. Also, customers’ digital assets are registered and stored on the DAEX’ s clearing chain. No other institutions or individuals can access these assets without the owner’ s permission.

Abstract

DAEX is a clearing solution for centralized cryptocurrency trading exchanges. Its clearing service is based on distributed ledger technology. Clearing and settlement rules are preprogrammed into clearing smart contracts on the DAEX clearing chain. The clearing process is automatic without people's interference. The objectivity of clearing is guaranteed by the consensus mechanism on the clearing chain. Also, customers'digital assets are registered and stored on the DAEX's clearing chain. No other institutions or individuals can access these assets without the owner's permission.

Link to Roadmap: https://www.daex.io/#roadmap
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