STARTER INFORMATION
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Digital assets & Commodity Exchange uses superior computing and computing technology, optimized to produce broad, economical, safe and suitable product solutions for trading and retail class customers.
"Now, the number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.
There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”
With that being said, DACX is bridging the divide between physical commodities and digital assets, promoting the re-utilization of finite resources to drive the global circular economy.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is DACX?
As depicted above and as indicated on the official website of DACX, Digital Asset & Commodity Exchange leverages artificial intelligence and high performance computing technology, optimized towards providing an efficient, secure and compliant marketplace with product solutions for both institutional grade and retail clientele. The emphasis is on fractionalization of all forms of assets and commodities via tokenization. To bring more opportunities for inclusion for all types of investors, which in turn adds further liquidity to these traditional markets.
DACX is bridging the divide between physical commodities and digital assets, promoting the re-utilization of finite resources to drive the global circular economy. By hosting advanced security features, DACX implements machine learning for real-time market surveillance to prevent suspicious activities and security threats & utilizes KYC/AML on-boarding for its clients.
Brief History
DACX, a London based fintech/blockchain start-up located in the famous Technology Accelerator known as LEVEL39. The DACX project was conceived during Q3 2018, with a vision to provide a next generation digital asset exchange which leverages machine learning and DLT to ensure a safe and compliant marketplace. The goal is to provide a platform for both primary and secondary markets beyond traditional cryptocurrencies, by venturing out into the world of tokenized securities and commodities. Therefore, the product offerings cater solutions to the retail sector, professional and institutional grade clientele.
Since inception, DACX has come a long way, the MVP was launched in January 2019, whereby the team made the decision not to not seek external funding for the project at such a premature stage.
This proved influential in driving:
An independent environment allowing for clearer strategy and development
Creativity & innovation to be accelerated and risked
More attention towards our customers.
This allowed the organization to stay focused and remain relevant in respect of the changing regulatory landscape and investor appetites towards ICO’s. During this journey DACX has made progress not only on the product side but also within the blockchain community by forming affiliations and working relationships with established organizations in this space. On the regulation front, being a centralized exchange with goals of listing STO’s in the near future, it was in the interest to design compliance in the core of the architecture to mitigate current and future regulatory risks. Therefore, the platform integrates KYC, AMM, and AML to monitor real-time risks which mitigates suspicious market behaviors.
By pitching the cross-border testing proposal to the FCA lead consortium of regulators, formally known as GFIN (Global Financial Innovation Network). DACX was one of eight successful firms to have been shortlisted for the pilot. The proposal entailed utilization of DLT and machine learning to facilitate cross-border transactions of multi-currency payments, assets and commodities via tokenization, smart contracts and escrows. This will be an ongoing journey where DACX intend to write the standard for quality and attainment within this sector, and as such from the 23rd September 2019 DACX shall open registrations for client on-boarding.
The Main Features
2FA
Crypto to Fiat
Rail & Settlement Banking
Anti DDOS
Hardware Wallet Support
Casting
MultiSignature Wallet
Universal Wallet-Remit Cross border payments
Virtual Debit Card
Security Token
For further development, DACX has a vision to become a bridge between the old financial market and the emerging digital economy. The mission to be achieved in the project is to become a trusted provider of digital currency and regional authority on blockchain technology, to make an intelligent economy work for everyone through empowerment, approval and innovation throughout the world.
DACX Exchange will list USD coins and stable BTC pairs for all licensed coins and utility tokens. DACX will make a list by taking input from community members. DAXC will add connection coins and utility tokens that have strong credibility, user base and liquidity.
About DACX Ecosystem
According to DACX whitepaper, it will be able to efficiently utilize DLT and the machine learning to carry out tranactions across various countries of the World. It will supports multi currency through Blockchain technology.DACX objectives is to be one among the top notch financial service provider and they are equipping themselves with all what it required. This is exactly one of the reason they are being chosen among the Global financial innovation Network (GFIN) which currently is now FCA.
There are always potentials for market abuse in almost all sectors of business, this has prompted DACX to usher so much investment in risk management and surveillance. DACX implements AML /AMM system to make provision for trade surveillance and all sorts of risk management. In an efforts to ensure maximum security and guarantee the safety of investors and users funds , the exchange implements Hot Wallets and Cold Wallets,the HSM protected Semi Cole wallets and intergration of Hardware wallets in their Platform .
DACX Exchange will list USD Stable coin with BTC Pairs .The Exchange will deploy the following trading system in their platform
Spot trading for varieties of tokens and coins which meet up with the requirement and adhere to the terms and conditions of the exchange.
Primary and Secondary offering of Security token trading market.
Margin trade in Crypto and Fiat and currencies.
DEFI
DACX Will provide a friendly users interface for their proposed exchange and it will support Android , IOS and Website Client.Users will be able to navigate and make effective use of the platform due to its simplicity .
DACX Token (DACX)
DACX published it's own service token called DACX Token. A strict limit was created in 786 786 786 DACX, which never increased, and the total consumption will be reduced due to the frequent burning of tokens. The DACX token will initially work on the Ethereum blockchain in accordance with the ERC 20 token standard.
Token Distribution
ROADMAP
September 2019 - Pre-Registration
October 2019 - preliminary launch of the NOU
Q4 2019-Exchange Launch
Q4 2019-Fiat Gateways
First quarter of 2020 - expansion of operational jurisdiction in the EU and Asia
Q1 2020 - cross-border payments
Q1 2020-STO Integration
Q1 2020-Virtual Debit Card
Q1 2020-Bridge Remit & Exchange
2 sq. 2020 - margin trading
Q2 2020-DEFI - Credits
Second quarter of 2020 - expansion of operational jurisdiction in the National Assembly
MEET THE AMAZING TEAM
ADVISORS
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://dacx.io/
Telegram: https://t.me/OfficialDacx
Twitter: https://twitter.com/dacx_io
Facebook: https://www.facebook.com/dacx.io
Instagram: https://www.instagram.com/dacx_io/
Medium: https://medium.com/@dacxinc
BitcoinTalk Profil Link : https://bitcointalk.org/index.php?action=profile;u=2420095
