DACX

provide alternative liquidity solutions from different subsets of investors

DACX  , a London-based fintech / blockchain start-up located in the famous Technology Accelerator known as  LEVEL39  . The DACX project was prepared during Q3 2018, with a vision to provide the exchange of next generation digital assets that utilize machine learning and  DLT  to ensure a safe and compliant market. Our goal is to provide a platform for primary and secondary markets beyond traditional cryptocurrency, by exploring the world of securities and tokenized commodities. Therefore, our product offerings provide solutions to sector, professional and institutional level customers.
Since the beginning, DACX has gone a long way,   our MVP was  launched in January 2019, where the team made the decision not to seek external funding for the project at an early stage. This has proven to be influential in driving:
  • An independent environment that enables clearer strategy and development
  • Creativity & innovation are accelerated and at stake
  • Get more attention from our customers.
This allows the organization to stay focused and remain relevant with respect to changes in the regulatory landscape and investor appetite for ICOs. During this journey we have made progress not only on the product side but also in the blockchain community by forming affiliations and working relationships with established organizations in this space. On the regulatory side, as a centralized exchange with the aim of registering STOs in the near future, it is in our interest to design compliance at the core of our architecture to reduce regulatory risks now and in the future. Therefore, our platform integrates KYC, AMM and AML to monitor real-time risk which reduces suspicious market behavior. 

By submitting our cross-border testing proposal to the FCA regulator's main consortium, which is officially known as GFIN (Global Financial Innovation Network). DACX is one of eight successful companies selected to become pilots. Our proposal requires the use of DLT and machine learning to facilitate cross-border transactions in multi-currency, asset and commodity payments through intelligent tokenization, contracts and escrow. This will be an ongoing journey where DACX intends to write standards for quality and achievement in the sector, and thus starting September 23, 2019 we will open registration for incoming clients (see 3.11 for the Affiliate / Referral Program).
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 making sure that multi-lingual 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 one another and all the reasons why they are registered on the platform. Suitable trading machines follow an algorithm that determines the set of rules they must obey,  how they work, how many orders they can handle on how many pairs and how long. 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.
Therefore, it partners with Modulus Global infrastructure provider   , Modulus, a twenty-year-old developer specializing in HPC and financial technology, and has provided sophisticated technology products and services to clients including the NASDAQ Stock Market, JP 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, education, government and non-profit institutions, in all 94 countries since 1997.

Their high-frequency trading solution, allows DACX to provide ten million transactions per second from the start and can be increased up to 8X if and when needed. In comparison, Bitfinex can handle around one million transactions per second, and Binance is only a little more - around 1.4 million. With latency as low as 40 nanoseconds, your portfolio can now rise and fall 1.5 billion times in one minute. Even NASDAQ, with latency of 400 microseconds is 10 times slower. Unlike Nasdaq SMART, Modulus solutions track money laundering in crypto exchanges. Our system uses a deep learning neural network to identify hidden relationships in exchanges and even within the blockchain.

Security
To ensure the security of digital assets in our custody, we will use four types of crypto wallets:

  • 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.
  • HSM Protected Semi-Cold Wallet:  It is an outdoor office wallet that is held by enterprise-wide hardware wallet solutions 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.
  • Hardware Wallet Integration:  Comments on Ledger hardware wallet integration, and X (with Pictures)
  • Cold  Wallet  :  This wallet is kept offline and transactions are signed on an offline computer by senior management executives.
active
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 over time. 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:
  • Spot trading for Exchange coins & Utility tokens
  • Main offers and secondary markets for Security Tokens
  • Perdagangan margin Crypto Currency
  • Margin trading from Fiat Currencies
  • DEFI
Casting
Introducing DACX Foundry, now starting with our IEO platform. The foundry will be a way for new creative projects to be taken out of the concept for life through kickstart funding opportunities. This allows new blockchain startups to launch their own initial exchange offer that is suitable for completion of our internal guarantee process. With the relevant license, the Foundry will later integrate the technical infrastructure to enable the issuance of primary tokenized securities (STOs) and will support beyond the ERC20 token standard and be compatible with several blockchain. This allows us to disrupt the capital market, commodity and commercial real estate sectors. Our unique location in the fintech capital of Europe, and the heart of London's financial district Canary Wharf gives us a strong position to capitalize on the opening and attract investors. In addition, we are strategically placed to examine many of the upcoming Fintech and AI startup companies including SME, provide alternative liquidity solutions from different subsets of investors, and therefore give this high-tech startup the opportunity to grow into a unicorn company in the future. The original DACX utility token is the first official IEO project launched at DACX Foundry. DACX Foundry token sales are based on who comes first, is served first. Sales will be based on USD and actual prices in USD stable will be announced on the day of sale. Users must complete identity authentication (KYC) first, before their purchase. To comply with local regulations, users in some countries and regions cannot participate in sales.

we will use four types of crypto wallets:
  1. Hot Wallet This is a wallet that is used on our internal servers for frequent transfers. Only a small portion of funds will be used available for frequent transfers. All Hot Wallets come in encrypted form and the decryption key is only applied by approved personnel at predetermined intervals for approval of outgoing transactions. This avoids the consumption of assets if our internal servers are compromised.
  2. HSM Protected Semi-Cold Wallet. This wallet is an outdoor office wallet that is held by all enterprise hardware wallet solutions with governance, multisig, and access limits imposed by the Hardware Security Machine. Some signatures of the personnel transferred are needed to discuss one transaction and limited access to the private network terminal.
  3. Hardware Wallet Integration A comment about the integration of the Ledger nano hardware wallet, and X (with Pictures)
  4. Cold Wallet This wallet is transferred offline and transferred to the computer offline by senior management executives.

DACX   Token (   DACX   )

We have released our own service token called   DACX Token   . It  established  a strict limit of 786   786   786   Dacx   , which would never increase, and total stock would decrease due to frequent token burns. The DACX token   will initially work on the Ethereum blockchain according to the ERC 20 token standard.


Universal wallet Universal wallet

is  DACX Remit's main warehouse    . It uses DLT, traditional banking services, and guards to store the following types of assets in one wallet: Fiat Money
  • Cryptocurrency
  • Service Token
  • Token Keamanan (STO)
  • Stable coins
  • Commodity Token 

distribution


DACX  Road Map 
  • September 2019 -   pre-registration
  • October 2019 -  pre-launch  DOE 
  • Q4 2019 -   Launch of the exchange
  • Q4 2019 -  Fiat Gateways 
  • Q1 2020 -   expanding operational jurisdiction in the EU and Asia
  • Q1 2020 -   cross-border payments
  • Q1 2020 -   Integration of service stations  
  • Q1 2020 -  Kartu Debit Virtual
  • First quarter of 2020 -   Bridge   Remit   & Exchange
  • Q2 2020 -   trade margin
  • Q2   2020 - DEFI - Loans 
  • Q2 2020 -   Extend the operational jurisdiction to AN



DACX

1   Team   . ZISHAN CHODRI:  Founder | CEO

2   . FRANCE CLERKS:  Head of Marketing

3   . LISA LI:  Regional Marketing and Communication

4   . TARIMA ISMAIL:  cybersecurity and blockchain  engineer

5   . CURTIS PAVLIK: Regional  sales and operations

6   . JAMES WAKETT:  Regional Business Development

7   . FRASS MASROOR:  Complete Stack Developer

8   . UMAIR JAWAID: DevOps  & Platform Engineer

9 . PETER MACDONALD:  Business Strategy and Partnership

Advisor

1   . RICHARD GARDNER:   CEO of Modulus Global

2   . LORENCE KIRK:   CEO of Extropy.IO


The conclusion of the

Exchange is the source of crypto currencies, so this currency must be user friendly, provide liquidity for the industry as a whole, and be very safe. The emergence of security tokens will be very large in this space, and once again exchanges that achieve full regulation and compliance will become dominant in the crypto / blockchain arena in the future.

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