DACX PROJECT OVERVIEW

DACX PROJECT OVERVIEW

By Brainerdpaul | brainerdpaul | 9 Dec 2019


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The blockchain is proving not only to be a technology but a philosophy, according to Hergueta (2017), it defines it as a "natural evolution of information, towards the value internet, where value can be shared, a digital and decentralized form, without requiring a third central trustworthy entity that establishes its criteria ". This allows you to have confidence in this technology to perform transactions and security to make the sale of valuables, money and artistic objects, just to name a few of the many that will come.

Blockchain technology brought about by Bitcoin makes it possible for individuals and organizations to run a currency known as digital currency as an application on a network in a decentralized manner. This technology gives individuals the opportunity to create their own specialized cryptocurrency for laudable projects and also give other individuals the opportunity to key into such projects by purchasing tokens of projects that interest them.

Individuals can mint cryptos and other individuals can own such cryptos by taking part in crowdsales and ICOS. But all these cryptos are useless without an exchange. An exchange is a platform that functions as a market place where cryptos are listed and cryptos users or holders are given the opportunity to exchange one crypto for another or convert their cryptos to fiat currency.

There are many of such exchanges in existence but these exchanges are not devoid of challenges. Some of the challenges faced by some of the popular exchanges in existence are limiting the mass adoption of cryptos by some well established organizations and individuals. Some of such challenges include:

Security challenges

Lack of transparency in exchange operations
Unauthorized freezing of users’ accounts and loss of funds
Centralization
Lack of regulation compliance
Slow transaction speed and high transaction charges. Etc
All these challenges are what DACX has come to address.

ABOUT DACX

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.

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.

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UNBEATABLE 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
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ROADMAP
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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

TEAM
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ADVISORS
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For more information, please visit the links i have provided below;

Website: https://dacx.io/
WhitePaper: https://dacx.io/wp-content/uploads/2019/09/DACX_WhitePaper.pdf
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/
LinkedIn: https://www.linkedin.com/mwlite/company/dacx-group
Medium: https://medium.com/@dacxinc

Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409


Brainerdpaul
Brainerdpaul

I am a seasoned writer, conducts researches and write ICO analysis posts where I cover important companies.


brainerdpaul
brainerdpaul

I am a seasoned writer and I write ICO analysis posts everyday. I cover important companies. Follow me , and I will follow back. #ICO #Blogger #Cryptocurrency

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