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DAX (DAX)

Trust ScoreD

A cryptocurrency clearing solution based on DLT.

 

  • Category Infrastructure
  • Websitedaex.io
  • Project Type Blockchain
  • White PaperOpenOpen White Paper
  • Algorithm ASPoS
  • Bitcoin Talk Not Supplied
  • Jurisdiction Not Supplied
  • Masternode No
Start Date
September 9th 2018 13:00 UTC
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End Date
September 14th 2018 13:00 UTC
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Team

Benjamin Gu photo
Benjamin Gu
Foundation Chairman
Benjamin has extensive experience in Chinese and US financial service and enterprise software companies. He worked at Hua Tai United Securities for more than 5 years as associate CIO, where he was responsible for building industry-leading investment bank support systems. At Options Clearing Corporation, he worked directly on the development and operation of ENCORE?—?the system used in the US for options clearing. He holds an MBA from the University of Texas in Austin, an MA degree from the University of Notre Dame and is a master graduate from the University of Science and Technology of China. With a strong background in clearing and settlement processes for the securities market, Benjamin realized the potential of blockchain and DLT for the digital asset market. This is what encouraged him to form the Global DAEX Foundation and kick-start the DAEX project.
Jason Tang photo
Jason Tang
Chief Architect & Co-Founder
Jason has been focusing on Fintech product design and application research for several years. He is a former product manager in China Zheshang Bank Fintech Application Research Center. In this role, he took charge of the first blockchain project that was implemented into the core systems across all domestic commercial banks. He was also involved in the first enterprise accounts receivables platform based on blockchain technology. Listed below are two blockchain patents he holds in Mainland China: - System and methods for blockchain key management - System and methods for improving blockchain querying efficiency Jason also holds a master degree in software engineering and a bachelor degree in electronic information engineering from Zhejiang University.
Hana Zhang photo
Hana Zhang
Co-Founder
Hana Zhang is an investor of several exchange platforms and is an initial member of IDEL (International Digital Economic League). She has been an entrepreneur in blockchain and digital assets since 2014. She is also regarded as an opinion leader in blockchain applications and technology development for digital assets trading. At ViewBTC, she provided sophisticated consulting services to blockchain and cryptocurrency startups. After seeing the current problems of centralized models for digital asset trading, she knew there was a need for a decentralized approach to serve as a solution. This is what encouraged her to co-founding DAEX.
Stone Zhou photo
Stone Zhou
Wallet Architecture Scientist
Mr. Stone Zhou has more than 10 years of internet project management and development experience. He has a full stack development background and is a wallet architecture expert for digital assets.
Lois Shen photo
Lois Shen
Brand Strategy and Marketing
Lois has several years of experience in business development and marketing roles for Fintech and SaaS enterprises. She is a former senior business development manager at Tencent, where she won the award of “Most Outstanding Employee” in 2014. In this role, she was responsible for forming strategic partnerships for WeChat Pay/TenPay with other Fintech enterprises. She has also helped several Fintech clients enter the App Store with a top 10 ranking.

Milestones

  • Q3 2018

    Q3 2018 - Technical Whitepaper: Clearing Value Factor (CVF) and wallet solution based on a trusted computing environment

  • Q4 2018

    Q4 2018 - Technical Whitepaper: DAEX Fund report, token plan (clearing-as-mining), node deployment and governance model

  • Q4 2018

    Q4 2018 - Release Test Net for Beta Testing

  • Q2 2019

    Q2 2019 - Release Main Net 1.0

  • Q4 2019

    Q4 2019 - Release Main Net 2.0

Questions

Why is your company going to succeed?

Centralized exchanges—particularly smaller and newly established ones—face several challenges and limitations when looking to grow and streamline their business. If a newly established exchange is part of the DAEX ecosystem, all existing traders who have access to the DAEX Wallet (by completing the DAEX registration and KYC process) will be able to access that exchange and any other exchange in the ecosystem seamlessly. Currently, if a trader wants to use multiple exchanges, they must go through a user registration and KYC process for each exchange independently — this is tiresome and inefficient for traders. Then to access and use the services of each exchange, they must log into the websites or applications separately. Therefore, by utilizing the DAEX Wallet as a link, the customer acquisition process for exchanges will be more efficient than what exists today. Essentially any trader in the ecosystem is a potential customer for any exchange in the ecosystem. DAEX can also assist centralized exchanges in generating a more trustworthy relationship with their customers. This is because their customers will have full ownership of their assets through the use of the DAEX Wallet, and will not rely on the centralized exchange to store the assets. With this change of infrastructure, centralized exchanges will not be a target for hackers. With the use of the DAEX Clearing Chain, centralized exchanges will have their trade clearing information shown in a transparent way, therefore