DACX Exchange

Introduction

DACX is a new startup that started in the third quarter of 2018. Its project or vision is based on the blockchain technology and accelerated through LEVEL39. There are a lot of digital asset exchanges out there, but DACX is unique with the incorporation machine learning and DLT into it. These features ensure safety in DACX as a digital marketplace. DACX is more provisional than traditional cryptocurrency-based trading platforms. It offers products and provides services to different classes of clients such as professionals, institutions and business people in the retail sector.

The vision and the objectives of DACX are very lofty, and at such, its achievement requires partnerships and affiliations. These partnerships are within the blockchain community and have helped in the great strides that DACX has made. One of those objectives is listing STO’s. To this effect, DACX is fully incorporating design compliance into the foundation of the project’s structure to prevent future regulatory problems. Procedures like KYC, AML and AMM are used by the platform to monitor these risks and prevent fraudulent activities.

The partnership also involves software transfer. So partnering with some of these infrastructure providers gives access to software like the trading matching engine. This software helps to create the best matching of orders, bids and offers. The operation of the trading matching engine is based on advanced algorithms. The algorithm uses multi-threaded processes, one that is hard to find. One of these partners is the Modulus Global which has several years of experience in financial technology and HPC. A combination of these effective trading solutions is why DACX can cover over ten million transactions in one second.

DACX upon completion will utilize DLT and machine learning to aid transactions across countries. It supports different currency or money systems and assets through the blockchain. This approach and direction are why DACX is one of the chosen firms to be included in the Global Financial Innovation Network (GFIN), which is now FCA.

There is always a tendency of abuse in any market; this is why DACX is investing a lot in risk management and surveillance. The platform majorly uses AMM/AML solutions to provide trade surveillance and all forms of risk management. This solution involves two techniques: Pre-Trade and At-Trade risk management and post-trade management. To also ensure security, the exchange utilizes Hot Wallets, Cold Wallets, HSM protected Semi-cold Wallets and Hardware Wallet Integrations.

The roadmap of DACX starts in September and ends in the second quarter of 2020. Pre-Launch IEO begins in October 2019, and the Exchange Launch starts in the fourth quarter of 2019. By the second quarter of 2020, DACX will expand the operational jurisdiction to NA. There is a team of experts and experienced staffs to achieve these objectives. It is important to note that like any other startup, there is a chance that these plans are not fulfilled.

DACX Token (DACX)

We have issued our own utility token, called the DACX Token. A strict limit of 786,786,786 DACX has been created, never to be increased and total supply will be reduced through frequent token burns. DACX token will run natively on the Ethereum blockchain under ERC 20 token standards.

Allocation

 

IEO

After Pre-Registrations are done and before launching, the IEO will be launched on the DACX Exchange. As an incentive, the first IEO of DACX Token will grant "No Base Listing Fee" ticket applicable to one future IEO or Token Listing, for buyers & holders of a certain amount of DACX Tokens. The minimum amount & hold duration to qualify for "Free Ticket" will be announced prior to IEO. Usage of this "Free Ticket" requires a minimum DACX Token balance for the applicant's account to not fall below the minimum amount required, from the time of purchase until the usage of the ticket.

Road Map

Pre-Registration: September 2019

Pre-Launch IEO: October 2019

Exchange Launch: Q4 2019

Fiat Gateways: Q4 2019

Expand Operational Jurisdiction to EU & Asia: Q1 2020

Cross Border Payments: Q1 2020

STO Integration: Q1 2020

Virtual Debit Card: Q1 2020

Bridge Remit & Exchange: Q1 2020

Trading Margin: Q2 2020

DEFI - Lending: Q2 2020

Expand Operational Jurisdiction to NA: Q2 2020

Important Information

 WEBSITE: https://dacx.io/

WHITEPAPER: https://dacx.io/wp-content/uploads/2019/09/DACX_WhitePaper.pdf

TWITTER: https://twitter.com/dacx_io

FACEBOOK: https://www.facebook.com/dacx.io

LINKEDIN: https://www.linkedin.com/company/dacx-group

TELEGRAM: https://t.me/OfficialDacx

GITHUB: https://github.com/DACX-io

ANN THREAD: https://bitcointalk.org/index.php?topic=5154783.0

Author: dey90

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808

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