DACX: THE EXCHANGE AND ITS UTILITIES!
Hello and welcome to my blog... I shall discuss about a potential project currently on the space. An exchange project which has proven different from all other existing exchanges. This project is none other than DACX Exchange. You may check out my last ARTICLE here: Dacx, another promising exchange!
On today's publication, I shall drift to the utilities, solutions and benefits of the DACX exchange. Read on!
INTRODUCTION
For any business to tribe and succeed in this age, it requires innovations and adoption of every latest useful technology. It seems that as the world revolves round the sun, the world’s sectors such as businesses, technology, economy, also move or change with it. For more and more people to be reached by businesses and platforms, cutting-edge technology has to be applied to secure a victorious fight for customers and clients’ interests. In this age, customers need experience of seamlessness and simplicity in every form more the ever before.
EXCHANGES AND THE NEED FOR SPEED AND EFFICIENCY
For exchanges, there is need for more efficient, faster matching of buy orders with sell offers. This surely is the Crux of exchanges, since this is what traders do while they interact with one another on an exchange platform. There is a trading software- a matching-engine- that can match efficiently sell offers to buy orders. These engines are programmed using algorithms to ensure efficiency and also very importantly, speed. They provide a multi-thread process instead of single-thread and the former is more beneficial. Nevertheless, providing this needs a lot of work, and has discouraged many digital exchanges from adopting it.
DACX SOLUTION: FEATURES
Some of the features and utilities that DACX comes with include:
• Risk management
• Enhanced Security/Safety
• Orders Architecture
• Hardware wallet utility
• Universal wallet
• Virtual Card (Debit)
• Security Tokens
• Foundry
• Mobile application
• Simple Revenue Plan
• Referral/affiliate offers and so on
ENHANCED SAFETY
For ensuring assets safety, 4 types of crypto-currency wallers will be utilized by DACX, namely:
• Hot wallet;
• Cold wallet (offline);
• Hardware-wallet integrators and
• HSM-protected Semi-cold wallets.
Digital funds are safe in these wallets.
ORDERS ARCHITECTURE
Instructions for opening/closing trades are known as orders, and in DACX, they come in various forms:
• Market Orders (execution);
• Limit Orders (Buy/Sell Limit);
• Step Orders
ASSETS
At first, for all high-cap coin and token, DACX will list Bitcoin/USD stable-coin pair. Later, they are going to be adding more coins (coins with strong user-base, liquidity, stability and credence).
FOUNDRY
The DACX foundry feature would be a way or platform for latest creative ideas and projects to be conceptualized via funds provision. Foundry is for helping block-chain projects in launching their IEO. This feature will be well managed and later integrated with technical configuration.
REVENUE PLAN
DACX plans to source revenue via various charges on customers when the customers exchange, withdraw, list and so on. This way they can easily maintain the platform
MOBILE APPLICATION
DACX is also introducing a mobile application to be used on smartphones. The mobile app will be very user-friendly and very robust. It will be be available for free download on mobile app stores.
CUSTOMER CARE
DACX believe that customers are one of the most essential parts of exchange system, they will focus seriously on delivering the best support to customers via emailing systems, live chats, articles, robots, etc.
UNIVERSAL WALLET
The basic storage medium of DACX is a universal wallet which stores various types of assets such as utility coins, Fiat, crypto-currencies, security token, stable-coin, commodity token, etc. This wallet provides seamlessness and flexibility.
DEBIT CARD (VIRTUAL)
Users of the DACX exchange will be provided with a debit card (virtual) for their everyday transactions on the platform. The debit card is flexible and can even convert currencies.
DACX-TOKEN
The platform’s utility currency is known as DACX-Token and they have produced only a limited number of tokens (786, 786, 786), that is, the amount will never be altered. The tokens will be based on Etherium block-chain. The token can be used in paying for all charges or fees on the platform.
CONCLUSION
With all these features in place, it is clear that DACX ‘really mean business’ and are going to achieve their aims by overcoming the challenges they are addressing even giving a lot of benefits in the process.
Customers will be of high priority, safety of funds will be ensured, seamlessness and flexibity provided and many other utilities made available all in a bid to give customers maximum satisfaction.
USEFUL LINKS
Website: https://dacx.io/
Whitepaper: https://dacx.io/wp-content/uploads/2019/09/DACX_WhitePaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5154783.0
Telegram: https://t.me/OfficialDacx
Twitter: https://twitter.com/dacx_io
Facebook: https://www.facebook.com/dacx.io
Medium: https://medium.com/@dacxinc
AUTHOR’S DETAILS
Bitcointalk Username: Adaora2323
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary