DACX

Introduction

DACX, a London based fintech/blockchain start-up located in the famous Technology Accelerator known as LEVEL39. The DACX project was conceived during Q3 2018, with a vision to provide a next generation digital asset exchange which leverages machine learning and DLT to ensure a safe and compliant marketplace. Our goal is to provide a platform for both primary and secondary markets beyond traditional cryptocurrencies, by venturing out into the world of tokenized securities and commodities. Therefore, our product offerings cater solutions to the retail sector, professional and institutional grade clientele.

Since inception, DACX has come a long way, our MVP was launched in January 2019, whereby the team made the decision not to not seek external funding for the project at such a premature stage. This proved influential in driving :

• An independent environment allowing for clearer strategy and development
• Creativity & innovation to be accelerated and risked
• More attention towards our customers.

This allowed the organization to stay focused and remain relevant in respect of the changing regulatory landscape and investor appetites towards ICO’s. During this journey we have made progress not only on the product side but also within the blockchain community by forming affiliations and working relationships with established organizations in this space. On the regulation front, being a centralized exchange with goals of listing STO’s in the near future, it was in our interest to design compliance in the core of our architecture to mitigate current and future regulatory risks. Therefore, our platform integrates KYC, AMM, and AML to monitor real-time risks which mitigates suspicious market behaviors.

By pitching our cross-border testing proposal to the FCA lead consortium of regulators, formally known as GFIN (Global Financial Innovation Network). DACX was one of eight successful firms to have been shortlisted for the pilot. Our proposal entailed utilization of DLT and machine learning to facilitate cross-border transactions of multi-currency payments, assets and commodities via tokenization, smart contracts and escrows. This will be an ongoing journey where DACX intend to write the standard for quality and attainment within this sector, and as such from the 23rd September 2019 we shall open registrations for client on-boarding (see 3.11 for the Affiliate/Referral Program).

DACX Exchange

New technology enables a global business to reach new audiences around the globe to ensure a pathway for international clients now than ever before. Organization have been hampered with not ensuring multi-language support is part of the ongoing strategy, customers should always be at the core of your business objectives, and part of this is providing them with a seamless experience. A multilingual help desk, whether in-house or acquired through outsourcing companies is key as the product grows A trading matching engine is a software used to match buy orders, bids, and with sell orders, offers. It is the most crucial part of any exchanges as this is what allows users to trade with one another and the entire reason why they registered on the platform. Trading matching engines follow an algorithm that determines a set of rules they must abide by, how they work, how many orders they can handle across how many pairs and how long it takes. A multi-threaded process is more advantageous, but only a few crypto exchanges implemented it as it requires more work, experience, and time to build.

Therefore partnering with infrastructure provider Modulus Global, Modulus, a twenty-year old developer specializing in HPC and financial technology, and have provided advanced technology products and services to clients including The NASDAQ Stock Market, J.P. Morgan Chase, Bank of America, Credit Suisse, Barclays Capital, Goldman Sachs, Merrill Lynch, Fidelity, TD Ameritrade, Devon Energy, IBM, Microsoft, Yahoo!, Google, Cisco, Adobe, Ford Motor Company, SAS Institute, Rutgers University, University of Chicago, MIT, Oak Ridge National Laboratory, NASA, and thousands of other corporate, educational, governmental, and non-profit institutions, throughout 94 countries since 1997.

Their high-frequency trading solution, enables DACX to provide ten million transactions per second from the get go and scalable up to 8X if and when required. By comparison, Bitfinex can handle circa one million transactions per second, and Binance only a little more— circa 1.4 million. With latency as low as 40 nanoseconds, your portfolio can now rise and crash 1.5 billion times in a single minute. Even the NASDAQ, with 400 microsecond latency is 10 times slower. Unlike Nasdaq SMARTS, the Modulus solution tracks money laundering within crypto exchanges. Our system uses a deep learning neural network to identify hidden relationships within the exchange and even within blockchains.

# Security
To ensure the safety of digital assets in our custody, we will be utilizing four types of crypto wallets:

• Hot Wallets : These are the wallets kept on our internal servers for frequent transfers. Only a fraction of funds will be kept available for frequent transfers. All Hot Wallets come in encrypted form and decryption keys are only applied by authorized personnel at predetermined intervals to approve outgoing transactions. This prevents any asset loss in case our internal servers are compromised.
• HSM Protected Semi-Cold Wallets : Those are offsite wallets held by companywide hardware wallet solution with governance, multisig and access limits enforced by a Hardware Security Machine. Multiple signatures from authorized personnel is needed to approve a single transaction and the access is limited to private network terminals.
• Hardware Wallet Integrations : A comment on Ledger hardware wallet integration nano, and X (with Image)
• Cold Wallets : These wallets are kept offline and transactions are signed on offline computers by senior management executives.

Assets

DACX Exchange will be listing USD Stable coin and BTC pairs for all high cap exchange coins and utility tokens. We will be phasing in the listings by taking the input from the members of the community. More coins will be added over time. We generally will only add exchange coins and utility tokens that have strong credibility, user base, and liquidity. For existing or upcoming projects that wish to be listed on DACX Foundry for primary offering or for secondary market trading on DACX Exchange, should reach out to benefit from our promotional listing terms and fees. DACX Exchange platform is scalable in terms of tech and practical application therefore by in by Q1 2020 we intend to have a phased roll out of STOs for primary issuance and secondary trading. Our roadmap is online for an Up-to-date progress indicator.

We will roll out the platform in roughly the following order:

• Spot trading of Exchange coins & Utility tokens
• Primary offering and secondary market trading of Security Tokens
• Margin trading of Crypto Currencies
• Margin trading of Fiat Currencies
• DEFI

Foundry

Introducing DACX Foundry, current starting off with our IEO platform. Foundry would be an avenue for new creative projects to be brought out of concept to life via kickstart funding opportunities. This allows new blockchain startups to launch their own compliant initial exchange offering on completion of our internal assurance process. With relevant licenses in place Foundry would later integrate technical infrastructure to enable primary issuance of tokenized securities (STOs) and would support beyond ERC20 token standards and be compatible with multiple blockchains. This enables us to disrupt capital markets, commodities and commercial real estate sectors. Our Unique location in the fintech capital of Europe, and the heart London financial district of Canary Wharf presents us with a strong position to leverage openings and attract investors. In addition to this we are strategically placed to vet many upcoming Fintech and AI startup companies inclusive of SME, providing an alternative liquidity solution from different subset of investors, and therefore give these high growth tech startups an opportunity to grow into future unicorn companies. DACX native utility token is the first official IEO project launching on DACX Foundry. The DACX Foundry token sale is on a first-come, first-served basis. The sale will be based on USD and the actual price in USD stablecoin will be announced on the day of sale. Users must complete identity authentication (KYC) in advance, before their purchase. To comply with local regulations, users in some countries and regions cannot participate in the sale.

DACX Trading Platform

DACX Foundry Platform

DACX Token (DACX)

We have issued our own utility token, called the DACX Token. A strict limit of 786,786,786 DACX has been created, never to be increased and total supply will be reduced through frequent token burns. DACX token will run natively on the Ethereum blockchain under ERC 20 token standards.

Allocation

IEO

After Pre-Registrations are done and before launch, the IEO will be launched on the DACX Exchange. As an incentive, first IEO of DACX Token will grant “No Base Listing Fee” ticket applicable to one future IEO or Token Listing, for buyers & holders of a certain amount of DACX Tokens. Minimum amount & hold duration to qualify for “Free Ticket” will be announced prior to IEO. Usage of this “Free Ticket” requires minimum DACX Token balance for the applicant’s account to not fall below minimum amount required, from the time of purchase till usage of the ticket.

Road Map

• Pre-Registration : September 2019
• Pre-Launch IEO : October 2019
• Exchange Launch : Q4 2019
• Fiat Gateways : Q4 2019
• Expand Operational Jurisdiction to EU & Asia : Q1 2020
• Cross Border Payments : Q1 2020
• STO Integration : Q1 2020
• Virtual Debit Card : Q1 2020
• Bridge Remit & Exchange : Q1 2020
• Margin Trading : Q2 2020
• DEFI - Lending : Q2 2020
• Expand Operational Jurisdiction to NA : Q2 2020

ACCURATE INFORMATION

★ WEBSITE : https://dacx.io/
★ WHITEPAPER : https://dacx.io/wp-content/uploads/2019/09/DACX_WhitePaper.pdf
★ TWITTER : https://twitter.com/dacx_io
★ FACEBOOK : https://www.facebook.com/dacx.io
★ LINKEDIN : https://www.linkedin.com/company/dacx-group
★ TELEGRAM : https://t.me/OfficialDacx
★ GITHUB : https://github.com/DACX-io
★ ANN THREAD : https://bitcointalk.org/index.php?topic=5154783.0

Author : Beat putih

Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1953434