DACX - Digital Asset & Commodity Exchange Utilizing Artificial Intelligence and High-Performance Computing Technology
I am Bitcampaign, today I will discuss a crypto project called DACX, below I will give some more detailed explanations of the DACX project
What is DACX?
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.
Features
Some of DACX’s key features are, but not limited to
- 2FA
- Crypto to Fiat
- Banking Rails & Settlements
- Anti DDOS
- Hardware Wallet Support
- Foundry
- MultiSignature Wallets
- Universal Wallet-Remit Cross border payments
- Virtual Debit Card
- Security Tokens
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.
Universal Wallet
Universal Wallet is the core storage unit of DACX Remit. It uses DLT, traditional banking, and guards to store the following types of assets in one wallet:
- Fiat Money
- Crypto Currency
- Utility Token
- Security Token (STO)
- Stable Coins
- Commodity Token
Allocation
IEO
After Pre-Registrations are done and before launch, the IEO will be launched on the DACX Exchange. As an incentive, 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. Minimum amount & hold duration to qualify for “Free Ticket” will be announced prior to IEO. Usage of this “Free Ticket” requires minimum DACX Token balance for the applicant’s account to not fall below minimum amount required, from the time of purchase till 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
Margin Trading : Q2 2020
DEFI - Lending : Q2 2020
Expand Operational Jurisdiction to NA : Q2 2020
Team
Advisors
- RICHARD GARDNER: CEO Modulus Global
- LAURENCE KIRK: CEO of Extropy.IO
Conclusion
Exchanges are the lifeblood of cryptocurrency and therefore they must be user friendly, they need to provide liquidity to the industry as a whole and they must be super safe. The emergence of security tokens will be very large in this space and once again, exchanges that achieve full regulation and compliance will dominate the crypto / blockchain arena in the future.
That's enough of my writing this time about the DACX project. I hope this is useful for those of you who want to know about this project, for more detailed information about the DACX project, you can visit the link 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
ANN: https://bitcointalk.org/index.php?topic=5154783.0
Author
Bitcointalk username: bitcampaign
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=905392
ETH Address: 0x2eFA5E262f957ecAF1a4Ec8bb12E8AE91F93aEca