DACX: AN EXCHANGE PLATFORM THAT FACILITATES CROSS-BORDER TRANSACTIONS OF MULTI-CURRENCY PAYMENTS, ASSETS AND COMMODITIES.

6 min readNov 26, 2019

DACX is an acronym that stands for Digital Asset & Commodity Exchange. The cryptocurrency ecosystem is still in its early stages and current cryptocurrency exchange platforms are evolving gradually in the face of unprecedented demand. Security, High fees, poor customer service, fear of loss, and many other problems are holding back the true potential of this market. In order to overcome these hurdles, a cutting edge, secure cryptocurrency exchange platform is desperately needed which lead to the creation of the exceptional exchange; DACX.

This particular project is a complete Game changer because its team has observed the loopholes in various existing cryptocurrency exchanges and has come with a feasible, reliable, and sustainable solution. Due to all what the DACX platform has gotten to offer, I say that it revolutionizes the crypto trading system.

DACX is a startup company that commenced operation in the year 2018. The scope of DACX’s operation is more broadened compared to any other cryptocurrency exchange platform. This Platform offer wide range of products and services to different class of clients. DACX objectives and missions are much broad as this project aims to establish some partnership within the Blockchain community in order to accomplish their set goals.

One of the key vision of DACX is listing Security Token Offering (STO) on their own exchange platform. The team at DACX is reallty working round the clock to achieve this. Team members have been working in compliance with all regulatory requirement within their jurisdiction to avoid any unforeseen regulatory barriers.

HOW DACX PLATFORM WORKS

DACX as an exchange platform leverages artificial intelligence (AI) and high performance computing technology, it optimizes towards providing an efficient, secure and compliant marketplace with product solutions for both institutional grade and retail clientele. The emphasis of DACX is on fractionalization of all forms of assets and commodities via tokenization that bring about more opportunities for inclusion for all types of investors, which in turn adds further liquidity to these traditional markets.

DACX is a startup company operated solely on Blockchain technology. What makes DACX unique among them is the integration AI and DLT into their trading platform that ensures and guarantees safety in the entire DACX marketplace.

The DACX Exchange platform provides multiple orders for the teeming numbers of altcoin traders that would use it. Among them are the Stop Orders, the Limit Orders and the Market Orders.

The Stop Orders come into the picture to buy or sell a crypto asset immediately the market gets to a specific level.
The Limit Orders: just as the name implies, it has to do with the trading of a crypto asset anytime the market begins to sway to a particular direction.
The Market Orders entails the instruction from the traders for the immediate execution of trades and transactions, provided the market is favorable.

Users’ digital assets need to be well protected. In order to achieve this, DACX will be using four different types of wallet encryption which I briefly discussed below:

a. Hot Wallets: These type of wallets are stored on internal servers for frequent transfers. Only part of the funds will remain available for frequent transfers. This feature is implemented on the DACX platform so as to prevent any loss of assets if internal servers are compromised since all Hot Wallets come in encrypted form and the decryption keys are used only by authorized personnel at predetermined intervals for the approval of outgoing transactions.

b. Cold Wallets: These are type of wallets that are stored offline, and transactions are signed on autonomous computers by senior management. This feature is readily available on the DACX platform as well.

c. Integration of Hardware Wallet: This functionality that is incorporated on the DACX exchange demands for a comment on the integration of hardware wallet Ledger nano and X (with image).

d. HSM Secure Semi-Cold Wallets: These are remote wallets that are belonging to a corporate hardware solution with multi-signal, limited access, and control, provided by a hardware security machine, multiple signatures from authorized personnel required to approve one transaction and access is limited to private network terminals. This exceptional feature is highly available on DACX as well.

ROADMAP

By definition, Roadmap is a plan or strategy intended to achieve a particular goal. That is to say the DACX Roadmap is step-by-step means by which the mission of the project is to be fully achieved.

Below is a pictorial representation of the DACX Roadmap:

MEET THE TEAM

Behind every good project, there must be a solid team who are always brainstorming and working towards on how to achieve the aim of the project. Here in DACX, we have a diverse team of individuals with varying backgrounds ranging from experience in technology, business strategy, logistics, blockchain, finance, management, marketing, and development.

Below are the brains that make up the DACX Team;

CONCLUSION

Rest assured, DACX aims to cater to the casual trader who needs an easy to navigate platform. At the same time, DACX will provide cutting-edge features and powered-up for professional traders who require the full range of earning more via trading, decision making and fundamentals information at their fingertips.

It really worth considering this class of project for investment. Key in now into the DACX Exchange project to trade top currencies in a unique and welcoming environment, discover promising new projects and ask or give advice in a community focused on creating a bright future for everyone! Become part of the DACX community and be a DACX token holder now that the price is still very cheap to afford for everyone.