DAEX: Establishing a liquidation ecology in line with the SEC’s chairmanship is of great importance to us.

Edit: pencil casen

Regulation is on the verge of falling, it is imperativen
Recently, almost all countries in the world are making their voices heard about the regulation of digital currencies.n
The U.S. Securities and Exchange Commission has warned investors to pay attention to the risk of investing in cryptocurrencies while stopping some ICO projects and suggesting the need for greater regulation of cryptocurrencies. Today, February 6, U.S. regulators are conducting public hearings on digital currencies and said: “We are entering a new era of digital money in the world financial markets and we can not put the techno back in the bottle.” Digitally Encrypted Currency Signs The shift in our thinking about payment, traditional financial processes and participation in economic activity, ignoring these, will not be a responsible regulator, affirming the value of digital currency and demonstrating that it will discharge its responsibilities and establish regulatory policies.n
Japan’s hacking of Coincheck has also led to further regulation of Japan’s financial administration.n
In the past, South Korea prided itself on its massive presence of cryptocurrencies, but took regulatory action on the future development of the digital currency industry. This process included announcements, clarifications, false positives, and ultimately restricted enforcement.n
Sopnendu Mohanty, chief financial technology officer of the Monetary Authority of Singapore, stressed on January 24, 2018, “A strong indication is that regulators want more stringent regulation of the entire cryptocurrency market.”n
India, once seen as a rapidly evolving, friendly environment for cryptocurrencies, has also begun to sanction cryptocurrencies in 2018.n
From the perspective of the past supervision of our country, it is the country that has the harshest degree of supervision over cryptocurrencies.n
The current digital asset market is still in an unnatural state of disorder. Exchanges also face hacking, a lack of skills to match volume, and the risk of opaque exchanges and stolen pirates. Under the supervision of the digital asset management industry, the industry will become more and more standardized, learn from the traditional financial markets and move closer to it.n
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Disqualification and Fatalism of Centralized Exchangen
Lenin said: Forgetting the original intention is equal to betrayal.n
Blockchain is essentially a decentralized database, and for many average users, digital asset exchanges are the first door to their exposure to the blockchain industry and to the digital currency.n
Now the digital asset market is not transparent and unfair. The exchange is both a referee and an athlete. It is not only the maker and participant of the game rules but also a great detriment to the investors. The current centralized trading platform in asset security flaws can be divided into the following situations:n
1, the trading platform will be unilateral custody of assets, in order to facilitate the operation, the assets are highly concentrated in the same storage wallet, once attacked, can not disperse systemic risk;n
2, With the hot market, many trading platforms are in fact good and bad. Some small and medium-sized platforms do not have the skills to match the trading volume and lack of resilience to non-systemic risks.n
3, the center of the trading platform to rely on the endorsement of the industry, can easily lead to non-transparent trading supervision, guarding theft from the situation.n
Incidents of hacking frequently, the amount involved, the number of platforms, to the user caused a huge loss. Coincheck’s hacking time has replaced Mt.Gox as the largest digital asset exchange ever to hit hacker attacks. Mt.Gox involved in that year the amount is 85 play bitcoin, then the value of about 450 million US dollars.n

The picture shows part of the digital asset platform / wallet theft from 2011 to 2017.n
Therefore, the biggest problem of centralized trading platform lies in the risk of centralized endorsement. Although the other boots under supervision have not yet landed, there is no doubt that regulation is imperative and ever-tougher. Yang Dong, director of the Center for Financial Technology and Internet Security at Renmin University of China, believes that the digital asset industry needs to re-explore a new set of regulatory mechanisms and establish a financial risk prevention system of financial compliance, scenario reliance and technology-driven trinity, with emphasis on technology-driven regulation Important role in financial regulation. Supervision will certainly come, but as for how to supervise and how to guide, we can spy on the two ideas of traditional financial markets and foreign experiences.n
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Traditional financial references and scripts for overseas trendsn
The traditional financial market is a well-proven financial system. Centralized digital asset exchanges are similar in some sense to Chinese ones. The trend of traditional financial markets is the separation of assets and transactions. Exchanges only need to concentrate on trading matchmaking, asset liquidation by a third party agency. Such as Shanghai Stock Exchange and Shenzhen Stock Exchange, while all securities registration and settlement businesses undertaken by Shanghai Stock Exchange and Shenzhen Stock Exchange belong to China Securities Depository and Clearing Corporation. Digital asset markets can also draw on existing maturing experiences and set up blockchain-based clearinghouses.n
This is a precedent abroad, except that this distributed settlement system is still used on traditional stock exchanges. But it is still a sample.n
The first version of the distributed ledger clearing system, developed jointly by Australian Securities Exchange and New York-based digital asset group Digital Asset Holdings in 2016,n
The blockchain startup, then led by JP Morgan Chase’s former chief executive Blythe Masters, has recently been exposed as the distributed ledger from Digital Asset has replaced the outdated after-hours clearing system.n
As a regulator of the regulatory age that has helped to make the industry more and more disciplined, DAEX is the clearinghouse for digital asset exchanges and liquidation. In response to this industry’s pain point, determined to build a safe and credible digital asset clearing ecology, through technology to help the trading platform more standardized, integrated distributed and decentralized, digital asset trading platform for developers and investors to provide safe Asset Storage Services. At the same time, digital asset data is guaranteed to be fair and secure so that it meets the requirements of national regulatory and compliance.n
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This project is very landedn
DAEX rebuilds the exchange’s infrastructure from digital asset custody, unified clearing, distributed wallets to decentralization and strong trust, from digital asset-trading platforms that serve different echelons to a free-market financial system that is compliant.n

The establishment of a liquidation center with high capital utilization, safety and compliance with the needs of users and supervisors means that for the exchange, financing and financing are the main sources of revenue. DAEX bundles hard-working assets with the clearing house DAEX eco-infrastructure) to do, they can put all their energy in marketing, business promotion, maintain daily operations, improve transaction performance.n
At present, the air currency flooding disaster, the blockchain has been playing bad, a lot of the project is only in the concept of speculation, and there is no strong demand and landing scenes, and the liquidation chain DAEX, there are many pain points and facing the central exchange Regulatory policy, has a very strong landing on the ground. An example of this is the fact that the Australian Securities Exchange has adopted distributed ledgers from Digital Asset.n
In addition to strong demand, founding team is also very professional tough.n
Benny, the founder of DAEX, has extensive professional and management experience with renowned financial companies, enterprise software companies and internet finance companies in China and the United States. Served as Huatai United Securities Deputy Chief Information Officer and several financial services company COO positions. While working for the U.S. Options Clearing Company, he was directly involved in the development and operation of ENCORE, the only clearing system for the U.S. options market. 16 years ago began to study the application of blockchain, he was familiar with the liquidation business, he joined the other team partners to open the DAEX project.n

Figure DAEX Chief Strategy Officer Gu Yanxi Benn
Although the liquidation is not sexy, but high degree of professionalism. DAEX currently maintains close communications with regulators and is confident in the development of compliance. The advent of the clearing economy will be the leader and turning point in the digital asset market, and the blockchain will or will move towards 3.0’s self-evolving era.n
Find out more about the DAEX project by:n
Official website and white paper download: daex.ion
Telegram Community: https://t.me/daexofficialgroupn
DAEX small secretary micro signal: daexsecretaryn
Microblogging: DAEX_Blockchainn
Twitter: DAEX @ DaexBlockchainn
Beechat: Search for “DAEX Core Community” to joinn
WeChat public number: DAEXn
DAEX is recruiting the first batch of community volunteers to jointly promote the community, interested parties to add a small secretary to register informationn
Scan code to add a small secretary, community exchange community motivationn

Follow the public number for project progress and up-to-date activitiesn

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