DAEX ICO Review

Hi everybody!
Today I will introduce you to a project and when I read and understand, I am very excited about the idea they put forward.

Image result for daex bounty


The advancement in technology has taken away the lives. It is making our lives transparent, secure and decentralized imposing a number of business solutions from the smart contracts towards the network. however, a problem that Bitcoin and most of the first blockchain providers can not: the speed of payment is very slow making transactions difficult to use and expensive.
DAEX utilizes Blockchain Technology to solve problems with existing exchanges (both decentralized and centralized exchanges), DAEX comes with hybrid exchanges. This exchange integrates the benefits of centralized and decentralized exchange to provide highly safe, open, strong and transparent liquidity that is the core value of the DAEX ecosystem.
AIM OF DAEX
Daex is a unique exchange that aimed at restructuring the patterns of how exchanges works thereby providing a more better way of smooth trading through its innovation of “distributed ledger technology which would solve the issues of trading and storage of tokens safely without panicking of loosing it.
Technology
DAEX is basically following the same trend by developing a new consensus protocol called the Accumulated Signatures for Proof of Stake (ASPoS).
The Consensus mechanisms employs various and numerous schemes for rewarding transaction verifications. While positive activities are generally permitted and discouraged, malicious acts attract stiff penalties.On Proof of Work, miners get rewards for investing in the creation of new blocks. PoW systems naturally discourage forking because of the potential high negative costs involved.On Proof of Stake, however, validators obtain rewards for verifying new blocks and their power depend on their individual stakes or tokens owned. In such an environment, when there is a fork, a validator receives a duplicate copy of his/her stake on the forked blockchain. With this, nothing prevents the validator from signing off on both sides, claim double transaction fees as reward, and spending the coins twice. This is actually a description of the classic “nothing-at-stake” threat encountered on all PoS systems.


TOKEN
Token utilized on the platform is known as DAX. They rely upon the ERC20 mind blowing contract and help to help facilitated exertion among the diverse parts of the Daex common structure. The tokens would fill in as a kind of reward for opening a record on Daex orchestrate, for welcoming others to share and for certifiable wander by using the clearing associations amidst exchanging. They would comparably fill in as techniques for segment of clearing and settlement cost.
Market and activity
DAEX already penetrated the South korean, Thai, Russian, Singaporean, Indonesian, and Australian markets and recently. DAEX expanded its Global ecosystem further with strategic investments in identification technology group IAME. By partnering with IAME, the company aims to better improve its product’s technical advantages.
Roadmap


Team


More information
Website : https://www.daex.io/
Whitepaper : https://daex.io/whitepaper.html
Daex PAPER : https://www.daex.io/daexPaper.do
Twitter : https://twitter.com/DaexBlockchain
Telegram : https://t.me/DAEXOfficial_en
Reddit : https://www.reddit.com/r/DAEX_Blockchain/
Medium : https://medium.com/daex


Author by: Ayin2206
https://bitcointalk.org/index.php?action=profile;u=1053430

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