DAXBASE: THE ALL IN ONE DIGITAL BANK
Daxbase is revolutionizing financial system by creating All-in one digital bank, where one can trade financial instruments without any restrictions based on their asset class or volume. A digital token is used to list financial instruments securely, while all of the transactions are logged in a universally accessible dis-tributed ledger, which is a decentralized notary service, providing global and immediate consensus about completed transactions and asset ownership.
Ownership of digital coins is protected by private keys as the ledger has a wallet. Both intraday interest rate market and yield curve will be available as well. Digital coins of different markets can be bought or sold at any time and the same applies to changes of counterpart risk.
Daxbase has set a target to solve all of the present system’s issues by becoming a global marketplace, which will be the core of a new and advanced banking architecture
THE FUTURE IN DAXBASE:
Daxbase project is planned to grow into an All-in one digital bank, where investing will be done seamlessly and securely. The two key components of the Daxbase ecosystem are the Daxbase foundation and Multikey wallet. Daxbase foundation will be supporting the Daxbase broker, providing a range of financial and investment services to its clients as well as an early access to MultiKey wallet.
DAXBASE’S TOKEN:
A Daxbase Token represents the right to receive and access Daxbase ecosystem and receive various financial and investment services, discounts and bonuses. Distribution of the Tokens will be proportional according to amount of funds provided to the Daxbase Foundation during the Initial Coin Offering.
TOKEN SUPPLY:
Total Supply is 5,000,000 DXBT tokens. Unsold amount will be revoked upon ICO ends.
INITIAL RATE:
Price per token is locked on ten USD per one token.
STEPS TO DAXBASE’S BENEFITS:
REGULATED BROKER
The initial step to start providing financial services is to obtain a financial broker’s license and certain procedures have to be set up to comply with the law and financial regulations.
MULTIKEY WALLET
Traders have to fund their account by depositing coins to start trading. This is where MultiKey technology ensures that it is not the same as giving away full control over your coins.
MULTI KEY IN DAXBASE’S BENEFITS:
The key benefits of using a MultiKey wallet are:
• Depositing doesn’t mean giving full control over your funds – broker can spend coins only together with trader’s key. Even in case of a cyber attack, which re-sults in theft of your broker’s key, your coins are still safe as you keep the second key.
• This security feature works from both sides – if there is an attempt to transfer coins from the broker, he will be aware of it since the second key is necessary to complete the transfer.
• Only identified clients can trade due to implementation of the Know Your Client process. This way the trader can use coins to trade within the broker or to withdraw them, without an option to transfer them outside of the network if it’s not allowed by the issuer.
• Are coins at risk to become unavailable for transfer if the broker’s key is lost or destroyed? The broker provides an option of an offchain refund transaction to guarantee retrieval of funds from a MultiKey wallet.
AUTHORIZED PAYMENT INSTITUTION
Daxbase will obtain an Authorized Payment Institution (API) license at the step three to minimize initial investments required. This license is a requirement if a company manages in-vestments of clients and organizes financial trading processes
GLOBAL INTERNET EXCHANGE
Daxbase will address the main issues of the current tokenized investment vehicles, such as lack of diversification, non-compliance with existing and foreseen regulation, and lack of standardization. Daxbase goal is to become the industry standard and one-stop solution in setting up tokenized funds, regardless of whether such funds invest in the fiat or crypto world.
ELECTRONIC BANK
This is the ultimate target and a major step for Daxbase and it comes with new requirements that have to be fulfilled. When this final leg is completed, Daxbase will be a fully functional bank with a wide range of services that will include the classical features along with custom tailored applications and instruments as demanded by markets.
Detail ICO
Daxbase will continue in the development by applying for an all-inclusive banking license to become a bank. This is a complex process, including in-depth audit sessions and it can take up to two years. Upon completion, Daxbase will receive authorization to provide deposit services, issue debit and credit cards and offer savings accounts.
The initial coin offering started on the 4th of December, 2017 and will end on the 11th of March, 2018.
The currencies that are been accepted are ETH and BTC. The exchange rates that will be used during the ICO are given below:
(exchange rate to 10 USD during the campaign period).
From 1st – 14th January, 2018. 1, 20 DXBT = 10 USD. 15th – 28th of January, 2018. 1, 15 DXBT = 10 USD.
From the 29th of January – 11th of February 2018. 1, 10 DXBT = 10 USD.
From the 12th of February – 25th of February, 2018. 1, 05 DXBT = 10 USD
and finally, from the 25th of February – 11th of March, 2018. 1, 00 DXBT = 10 USD.
There are bonus packages depending on the date of registration. The earlier you register, the higher the bonus. After the ICO, a customer can decide to sell the tokens on the market and benefit from the growth in value of tokens. Some of the upcoming programs of this platform are the integration of global exchange with broker in April, 2018 and the development of digital bank broker, exchange and instant payments in 2019.
For more information, visit:
WEBSITE: http://www.daxbase.io/
LIVE CHAT: https://daxbase.io/
CONTACT US: support@daxbase.io
FACEBOOK: https://www.facebook.com/DaxBase-383968405381657/
TWITTER: https://twitter.com/daxbaseio
TELEGRAM: https://t.me/daxbase
LINKEDIN: https://www.linkedin.com/company/18378815/
MEDIUM: https://medium.com/@support_1524
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035