DAEX

DAEX is a clearing solution for centralized cryptocurrency trading exchanges. Its clearing service is based on distributed ledger technology. Clearing and settlement rules are preprogrammed into clearing smart contracts on the DAEX clearing chain.

The ecosystem will decouple assets and transactions, enable token-based authentication and restructure the transaction process. This will allow for safer and more efficient distributed registration, clearing and settlement of digital assets. A reliable digital asset wallet based on blockchain technology. This wallet will not only solve market pain points but also provide additional functionality when it comes to digital asset trading, thus becoming a truly trustworthy, useful tool for managing digital assets.

Token will be used for payments and utility across the platform.

DAEX Review and Rating

8.1

Team

8.0/10

Stage of The Project

6.5/10

Project Potential

8.5/10

Community

8.5/10

Token-Use

9.0/10

Token Sale Terms

8.0/10

White Paper

7.5/10

Technology

8.5/10

Pros

Market penetration: DAEX aims to utilize an existing service, instead of creating a new one. by collaborating with centralized exchanges, DAEX might be able to swiftly penetrate the market and capture a sizeable market share. The project has already established alliances with strategic partners such as the Qtum foundation, and is currently in discussions with several high-volume exchanges.
Project potential: The project’s targeted market is the cryptocurrencies trading industry. A huge market where its current value has exceeded 400 Billion USD (by market cap). To date, given the drawbacks of distributed exchanges in terms of liquidity, user experience and transaction execution time, they cannot address the market need properly. The DAEX ecosystem aims to provide strong liquidity, high-security level, transparency and a relatively trustless environment, and therefore, may possess a significant competitive advantage over these exchanges.
Team: The team consists of professionals with rich experience in the fintech realm, and especially in the field of clearing and payment. Alongside the core team, the project has a strong advisory board and partners, which bring essential experience.

Cons

Roadmap: The project is still in its early stages. The clearing chain and the DAEX wallet have not yet been launched, and so the proof-of-concept is not be set up yet. Since the underlying technology has not yet been proven, it is difficult to assess the project’s future success.

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