DACX Exchange Digital Asset & Commodity Exchange of London
Hello, meet again with me Samuraijin, I will write an article about the crypto project called DACX. For more details, I will discuss it below
DACX is a next-generation exchange that seeks to improve on its competitors in the exchange arena in the areas of security, compliance and speed. Not only that, but it will be listing STOs as well as fractionalising and tokenising traditional commodities such as Real Estate and Precious Metals.
About DACX Exchange
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. Our 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, 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. Dacx 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.
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.
Since inception, DACX has come a long way, our 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.
What DACX Contributes
The Alliance consists primarily of the Chief Executives of over 70 industry organizations. As CEO of DACX, Chaudhary shares his thoughts on joining:
Coming from a diversified background from risk analytics, quant finance, machine learning, commercial real estate, and also lately being a founder of DACX I’ve been given first hand experience of going through the hoops and loops of regulation. So taking in to account all that wealth of experience and information, this can add value to current and future STA members. Also there is always opportunities of exploring mutual avenues and growing together between the members.”
Chaudhary and DACX bring “T-shaped experience” as new Alliance members, with a broad range of experience across industry verticals and expertise in digital assets.
This contribution will prove invaluable for other members and improve the cross-fertilization of business.
Security
As mentioned in the introduction, exchange security breaches and hacks are an ongoing problem despite the efforts of even the biggest exchanges in the crypto space. Being a new exchange DACX will certainly be a target. I’m unable to discuss the full extent of the DACX security measures and protocols here because these are not disclosed by the exchange for obvious reasons.
Notwithstanding, DACX will employ a variety of wallets which range from hot wallets to hold a tiny amount of frequent transactions, semi-cold wallets which are held off-site and which have access limits enforced by Hardware Security Machine, and finally, cold wallets which are held off-line and are only accessible by off-line computers which can only be accessed by senior management executives.
Internal systems can only be accessed through specific terminals and smart cards will be a part of this access process.
DACX Foundry
The Foundry is an IEO platform for selected creative and innovative projects that would benefit from a kickstart funding campaign. Also, once the relevant licenses and the technical infrastructure are in place, the Foundry would integrate the primary issuance of tokenised securities (STOs).
The first offering on the Foundry IEO platform will be the DACX native utility token which will be available during October on a first-come-first-served basis on completion of a satisfactory full KYC. These funds will be used by DACX to expand their offerings, improve infrastructure, capital reserves, license fees for operating in regulatory jurisdictions, improving their cross-border payment network and paying to maintain the exchange insurance fund.
Conclusion
The successful crypto exchanges of the future will be those that are doing all this and more. DACX is looking to tokenise and fractionalise all assets and commodities which is the sure path into the future as traditional finance and stocks start to merge with blockchain and cryptocurrencies. DACX will be one of the first exchanges to build the bridge between the two and if it succeeds it can become one of the financial juggernauts in a brand new world of finance.
If you want to know more about the DACX project you can visit the link below, Enough for my writing this time which only discusses some important points of this project, for more information please 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: samuraijin
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=905398
Wallet Address: 0x3f9bb3679f1B71F22d823992078244C87EF4D455