We are currently conducting voluntary participants sale of limited DAX tokens for a short period of time.
If you are interested in purchasing DAX tokens at a discounted rate before the token goes public,
contact us at operation@daex.io for details. DAEX Air Drop Program
Receive DAX Token by joining our telegram group AND follow our twitter account.
What is DAEX?
DAEX is an open and decentralized clearing and settlement ecosystem for
all cryptocurrency exchanges.
The rapid development of cryptocurrency trading calls for a more effective and secure clearing service. After a
series of hacker thefts and security incidents, many exchanges have to come to the consensus that a common
clearing and asset custodian service is required to protect the market and to guarantee the sustained growth
of the market. DAEX is therefore the answer to this market need.
DAEX is an open and decentralized clearing ecosystem for cryptocurrencies and a bridge that connects cryptocurrency
trading exchanges. It also serves as a reliable custodian of mutiple crypto assets. 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.
Trading and clearing will be separated. Current centralized exchanges will continue to provide trading services.
The clearing work will be handled by 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. 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.
DAEX ecosystem
DAEX ecosystem is composed of a clearing service that is based on distributed ledger technology, centralized
exchanges and user wallets. Traders use their wallets to perform trades on exchanges. After trades are matched
at exchanges, exchanges send matched trades to the clearing service. The clearing service CaaS is performed by
smart contracts on the distributed ledger technology. DAEX will provide clearing service for cryptocurrencies and
cryptocurrency derivatives traded on exchanges.
Participants
The DAEX Foundation
The DAEX Foundation's mission is to develop the DAEX solution and promote its use among cryptocurrency exchanges
in the world. The Foundation also manages the fund contributed by global investors.
Wallet Users
Wallet users whose identity have been certified can use various functions such as trading and asset delivery.
Exchanges
Provide cryptocurrency and derivatives trading services for wallet users. Counsel member of the clearing union. Provide
a node on the clearing blockchain.
