Dacx
introduction
Financial markets are markets where people trade financial securities and commodities with low-value transaction costs and at prices that reflect supply and demand.
Digital currency or electronic currency is a type of currency that is only available in digital form, not physically like paper money and coins. It shows properties that are similar to physical currencies, but allow for instant transactions and unlimited ownership transfers. Examples include virtual currencies and cryptocurrency or even central banks issuing digital base money. Like traditional money, this currency can be used to buy physical goods and services, but it can also be limited to certain communities such as for use in online games or social networking.
In this case the organization creates a platform to overcome financial market gaps with the digital economy. DACX is an economic platform designed to bridge the gap between old financial markets and emerging digital asset ecosystems. DACX adds confidence in the fragmented landscape of new digital assets to quickly and transparently handle complex transactions when matching orders and eliminating market inefficiencies. DACX builds digital asset management tools and develops an interface that allows customers to get the full benefits of a smart economy around the world.
For further development, we have a vision to become a unifying bridge between the old financial markets and the emerging digital economy. And also the mission to be achieved in our project is, to become a trusted provider of digital currencies and regional authority on blockchain technology, making smart economies work for everyone through empowerment, transparency, and innovation around the world.
GLOBAL REGULATION EXCHANGE PLATFORM
Digital Asset & Commodity Exchange utilizes artificial intelligence and high-performance computing technology, optimized to provide markets that are efficient, secure and in accordance with product solutions for institutional and retail class customers. Our emphasis is on the fractionalization of all forms of assets and commodities through tokenization. To bring more opportunities to be included in all types of investors, which in turn adds further liquidity to this traditional market.
DACX bridges the gap between physical commodities and digital assets, promoting the reuse of limited 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.
Financial Exclusions
Financial exclusion refers to a process where people have difficulty accessing and / or using financial services and products in the mainstream market that suits their needs and enable them to lead a normal social life in the community they are in.
Poor Customer Support
Customer service is the key to any business, companies that continually provide poor customer service can go out of business. Today's customers have so many choices and will turn to competitors if found with poor service experience. Whatever your business type, your customers always want to be heard and treated well.
Some challenges are seen in our industry:
1. Response time
2. Don't have answers to questions
3. Failure to understand what the customer wants
4. Accept responsibility
5. Resolution - Leave a customer complaint unresolved
This can cause many side effects, for example;
1. Broken reputation
2. Lost business & returning customers
3. Lost our best employees
4. Lack of respect where the key to winning your customers is to treat them with the utmost respect.
DACX Exchange
New technology enables global businesses to reach new audiences around the world to ensure a path for international clients now than ever before. Organizations have been hampered by not ensuring multi-language support is part of an ongoing strategy, customers must always be at the core of your business goals, and part of this gives them a seamless experience.
A multilingual help desk, whether at home or obtained through an outsourcing company is key as the product grows. A trade matching machine is software that is used to match purchase orders, offers, and with sell orders, offers. This is the most important part of every exchange because it is what allows users to trade with each other and all the reasons why they are registered on the platform. Trading matching machines follow an algorithm that determines the set of rules they must obey, how it works, how many orders they can handle on how many pairs and how long it will take. The multi-thread process is more profitable, but only a few crypto exchanges implement it because it requires more work, experience and time to build.
Security
1. Hot Wallet This is a wallet that is stored on our internal servers for frequent transfers. Only a small portion of funds will be kept available for frequent transfers. All Hot Wallets come in encrypted form and the decryption key is only applied by authorized personnel at predetermined intervals to approve outgoing transactions. This prevents the loss of assets if our internal server is compromised.
2. HSM Protected Semi-Cold Wallet The wallet is an outdoor office wallet that is held by the entire enterprise hardware wallet solution with governance, multisig, and access limits enforced by the Hardware Security Machine. Multiple signatures from authorized personnel are required to approve a transaction and access is limited to the private network terminal.
3. Hardware Wallet Integration A comment about the integration of Ledger nano hardware wallet, and X (with pictures)
4. Cold Wallet This wallet is kept offline and transactions are signed on an offline computer by senior management executives.
Assets
DACX Exchange will list Stable USD coins and BTC pairs for all high cap exchange coins and utility tokens. We will stage the listing by taking input from community members. More coins will be added as time goes on. We generally only add exchange coins and utility tokens that have strong credibility, user base and liquidity. For existing or future projects that wish to be listed on the DACX Foundry for primary offerings or for secondary market trading on the DACX Exchange, must reach to benefit from the terms and costs of our promotional listings. The DACX Exchange platform is scalable in terms of technological and practical applications, therefore, in Q1 2020 we intend to have a gradual STO for primary publishing and secondary trading. Our road map is online for the latest progress indicators.
We will launch the platforms in the following order:
1. Trading spot coin Exchange & Utility tokens
2. The main offer and trade of the secondary market Security Tokens
3. Crypto Currency Margin Trading
4. Trading Fiat currency margins
5. DEFI
Platform supported
1. We will provide cross-platform trading clients to:
2. Web-based trading client
3. Android native client
4. iOS native client
5. REST API
6. Web Socket
Some of DACX's main features are, but are not limited to:
2FA
Crypto to Fiat
Rail & Settlement Banking
Anti DDOS
Hardware Wallet Support
Casting
MultiSignature Wallet
Universal Wallet-Remit Cross border payments
Virtual Debit Card
Security Token
Affiliate / Referral Program
DACX offers an Affiliate / Referral program to increase brand awareness where prizes are available based on various levels of verification and hold. The total number of DACX prizes is limited to a maximum of 5,000,000 tokens. Prizes will be distributed at the end of the campaign based on the completion period.
DACX Token (DACX)
We have published our own utility token, called DACX Token. A strict limit of 786,786,786 DACX has been created, never increased and the total supply will be reduced through frequent token burning. The DACX token will run natively on the Ethereum blockchain under the ERC 20 token standard.
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
DACX Road Map
September 2019-Pre-Registration
October 2019 - Pre-Launch of IEO
Q4 2019-Exchange Launch
Q4 2019-Fiat Gateways
Q1 2020-Extending Operational Jurisdiction to EU & Asia
Q1 2020 - Cross-border Payments
Q1 2020-STO Integration
Q1 2020-Virtual Debit Card
Q1 2020-Bridge Remit & Exchange
Q2 2020-Margin Trading
Q2 2020-DEFI - Loans
Q2 2020-Extending Operational Jurisdiction to NA
DACX team
1. CHEUDHRY ZEESHAN: Founder | CEO
2. FRANS KLERKS: Head of Marketing
3. LISA LI: Regional Marketing & Communication
4. TARIMA ISMAIL: Cyber Security & Blockchain Engineer
5. CURTIS PAVLIK: Regional Sales & Operations
6. JAMES WACKETT: Regional Business Development
7. FRASS MASROOR: Full Stack Developer
8. UMAIR JAWAID: DevOps & Platform Engineer
9. PETER MACDONALD: Strategy & Business Partnership Strategy Division
Advisory
1. RICHARD GARDNER: Modulus Global CEO
2. LAURENCE KIRK: CEO of Extropy.IO
information:
AUTHOR
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