DAEX - The Most Reliable Clearing Ecosystem for Digital Assets
The Global DAEX Foundation created the DAEX (Digital Assets Exchange), an open and distributed clearing ecosystem for cryptocurrency exchanges. Their goal is to alleviate the responsibilities of centralized exchanges by providing them with identity authentication, asset registration, asset clearing, and settlement services.
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Basics
| Platform | Ethereum |
|---|---|
| Type | ERC20 |
| Accepting | ETH |
| Circulating Supply | N/A |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
DAEX seeks to provide better infrastructure for cryptocurrency trading by taking the reasonable parts of the mainstream securities industry and by taking advantage of distributed ledger technology.
Trading and clearing will be separated into different entities. Centralized exchanges will continue to provide trading services. But the clearing work will be handed over to a common clearing service based on the DAEX solution.
Different from current centralized clearing services, the DAEX clearing service is based on distributed ledger technology which guarantees that trades are safely cleared and settled. Trader’s assets are kept in their own accounts on the blockchain. No one else can access traders’ assets without their permission. This effectively removes the risks in today's centralized exchanges. The DAEX solution will be an open-sourced clearing service based on a public blockchain with its code open for public scrutiny.
