DACX: A Digital asset and Community Exchange Platform
The
technology that brought us the first transparent, secure, and
decentralized currency through Bitcoin has opened the floodgates for
incredibly innovative business solutions through smart contracts on
networks such as the Ethereum Network. Through this, a large number of
businesses have minted a growing group of people with significant wealth
tied to cryptocurrencies.
However, as it stands, the process to translate the wealth accumulated in cryptocurrencies to real-life experiences for cryptocurrency owners to enjoy is, unfortunately, painfully inconvenient. The activities of purchasing, transferring, and exchanging cryptocurrencies to widely accepted “money” are complicated, slow, and unstable.
The real-world usability problems associated with cryptocurrencies have encouraged a number of companies to tackle this challenge. While many of the contenders in this space have approached it with a seemingly logical prepaid plastic card solution, their use cases are limited to just a few cryptocurrencies and acceptances are limited to just a small number of Merchants, thus, hampering wider adoption.
However, as it stands, the process to translate the wealth accumulated in cryptocurrencies to real-life experiences for cryptocurrency owners to enjoy is, unfortunately, painfully inconvenient. The activities of purchasing, transferring, and exchanging cryptocurrencies to widely accepted “money” are complicated, slow, and unstable.
The real-world usability problems associated with cryptocurrencies have encouraged a number of companies to tackle this challenge. While many of the contenders in this space have approached it with a seemingly logical prepaid plastic card solution, their use cases are limited to just a few cryptocurrencies and acceptances are limited to just a small number of Merchants, thus, hampering wider adoption.
DACX
product offerings cater solutions to the retail sector, professional
and institutional grade clientele. Before I proceed on this work, lets
take a look at the video to have an insight on what DACX is all about:
https://youtu.be/yEo7lSYk8hg
DACX
Digital Asset & Commodity Exchange leverages artificial intelligence and high performance computing technology, optimized towards providing an efficient, secure and compliant marketplace with product solutions for both institutional grade and retail clientele. Our emphasis is on fractionalization of all forms of assets and commodities via tokenization. To bring more opportunities for inclusion for all types of investors, which in turn adds further liquidity to these traditional markets.
DACX is bridging the divide between physical commodities and digital assets, promoting the re-utilization of finite resources to drive the global circular economy. By hosting advanced security features, DACX implements machine learning for real-time market surveillance to prevent suspicious activities and security threats & utilizes KYC/AML on-boarding for its clients.
Digital Asset & Commodity Exchange leverages artificial intelligence and high performance computing technology, optimized towards providing an efficient, secure and compliant marketplace with product solutions for both institutional grade and retail clientele. Our emphasis is on fractionalization of all forms of assets and commodities via tokenization. To bring more opportunities for inclusion for all types of investors, which in turn adds further liquidity to these traditional markets.
DACX is bridging the divide between physical commodities and digital assets, promoting the re-utilization of finite resources to drive the global circular economy. By hosting advanced security features, DACX implements machine learning for real-time market surveillance to prevent suspicious activities and security threats & utilizes KYC/AML on-boarding for its clients.
GOALS
To provide a platform for both primary and secondary markets beyond traditional cryptocurrencies by venturing out into the world of tokenized securities and commodities.
To provide a platform for both primary and secondary markets beyond traditional cryptocurrencies by venturing out into the world of tokenized securities and commodities.
VISION
To provide a next generation digital asset exchange which leverages machine learning and DLT to ensure a safe and compliant marketplace.
To provide a next generation digital asset exchange which leverages machine learning and DLT to ensure a safe and compliant marketplace.
CHALLENGES AND SOLUTION
Theft and Hacks
Poor Architectures / Slow Order Matching Engines
Uncertainty of Funds / Fiat Withdrawals
Non-Disclosure of beneficiaries
Market Abuse & Manipulation
Theft and Hacks
Poor Architectures / Slow Order Matching Engines
Uncertainty of Funds / Fiat Withdrawals
Non-Disclosure of beneficiaries
Market Abuse & Manipulation
FEATURES OF DACX
2FA
Crypto to Fiat
Banking Rails & Settlements
Anti DDOS
Hardware Wallet Support
Foundry
MultiSignature Wallets
Universal Wallet-Remit Cross border payments
Virtual Debit Card
Security Tokens
2FA
Crypto to Fiat
Banking Rails & Settlements
Anti DDOS
Hardware Wallet Support
Foundry
MultiSignature Wallets
Universal Wallet-Remit Cross border payments
Virtual Debit Card
Security Tokens
ROADMAP
Q3 2018
DISCOVERY
Conceptualize
Market Research
Identified Constraints
Business scope
Risks Mitigation
Seed funding
DISCOVERY
Conceptualize
Market Research
Identified Constraints
Business scope
Risks Mitigation
Seed funding
Q4 2018
INCEPTION
Branding
Core team building
Technology Partnership
Incubate and Accelerate- Level39
Multi Jurisdiction regulatory strategy implementation
INCEPTION
Branding
Core team building
Technology Partnership
Incubate and Accelerate- Level39
Multi Jurisdiction regulatory strategy implementation
Q1 2019
INNOVATION
Website and IT Infrastructure- DACX.IO
MVP Development- DAXC Exchange
Testing 3rd Party- KYC/AML layers
Fintech week exhibit- Introducing DAXC
GFIN Regulatory application affiliation with innovative finance
Direct engagement with regulators in multi jurisdictions
INNOVATION
Website and IT Infrastructure- DACX.IO
MVP Development- DAXC Exchange
Testing 3rd Party- KYC/AML layers
Fintech week exhibit- Introducing DAXC
GFIN Regulatory application affiliation with innovative finance
Direct engagement with regulators in multi jurisdictions
Q2 2019
REGULATIONS
Launched MVP on DAXC Exchange
Development of MVP for mobile universal wallet
DACX announced as 8 finalists for GFIN regulatory pilot
Further Partnership and alliances explored
DACX participates in consensus 2019
REGULATIONS
Launched MVP on DAXC Exchange
Development of MVP for mobile universal wallet
DACX announced as 8 finalists for GFIN regulatory pilot
Further Partnership and alliances explored
DACX participates in consensus 2019
Q3 2019
PRODUCTION 1.0
Regulator testing plans development
Tokenomics
DACX smart contract development in ethereum testnet
DACX test contract audit
DACX smart contract live on ethereum mainnet private sale
DCX exchange deployment alpha release WEB OS
PRODUCTION 1.0
Regulator testing plans development
Tokenomics
DACX smart contract development in ethereum testnet
DACX test contract audit
DACX smart contract live on ethereum mainnet private sale
DCX exchange deployment alpha release WEB OS
Q3 2019
PRODUCTION 2.0
DACX foundry primary issuance IEO platform deployment alpha WEB OS
Release map
Release Whitepaper
Community building
DACX Exchange mobile apps deployment for android and IOS
Penetration Testing UI/UX testing
DACX Pre-registrations
Pre-launch IEO
PRODUCTION 2.0
DACX foundry primary issuance IEO platform deployment alpha WEB OS
Release map
Release Whitepaper
Community building
DACX Exchange mobile apps deployment for android and IOS
Penetration Testing UI/UX testing
DACX Pre-registrations
Pre-launch IEO
Q4 2019
VALIDATION
Prelaunch IEO
Exchange launch
Fiat Gateway
Structure BTC Products
DACX Remit universal wallet
Deployment Alpha
Testing DACX Remit universal wallet
Develop hyperledger environment for settlement engine
VALIDATION
Prelaunch IEO
Exchange launch
Fiat Gateway
Structure BTC Products
DACX Remit universal wallet
Deployment Alpha
Testing DACX Remit universal wallet
Develop hyperledger environment for settlement engine
Q1 2020
EFFICIENCY
Expand operational jurisdication in EU and Asia
DACX foundry security token issuance under regulatory pilot
Launch DCX Remit universal wallet
Bridge Remit and Exchange
EFFICIENCY
Expand operational jurisdication in EU and Asia
DACX foundry security token issuance under regulatory pilot
Launch DCX Remit universal wallet
Bridge Remit and Exchange
Q2 2020
SCALE
Margin Trading
Defi-lending
Renewal of DACX “Phase 3”MVP
Expand operational jurisdiction in North America
SCALE
Margin Trading
Defi-lending
Renewal of DACX “Phase 3”MVP
Expand operational jurisdiction in North America
MEET THE GREAT MIND BEHIND THIS WORK
ZEESHAN CHAUDHRY
Founder and CEO
Founder and CEO
FRANS KLERKS
Head of Marketing
Head of Marketing
LISA LI
Regional Marketing & Communication
Regional Marketing & Communication
ISMAIL TARIM
Cyber Security & Blockchain Engineer
Cyber Security & Blockchain Engineer
CURTIS PAVLIK
Regional Sales & Operations
Regional Sales & Operations
JAMES WACKETT
Regional Business Development
Regional Business Development
FRASS MASROOR
Full Stack Developer
Full Stack Developer
UMAIR JAWAID
DevOps & Platform Engineer
DevOps & Platform Engineer
PETER MACDONALD
Business Strategist & Partnership Commodities Division
Business Strategist & Partnership Commodities Division
ADVISOR
RICHARD GARDNER
CEO Modulus Global
RICHARD GARDNER
CEO Modulus Global
LAURENCE KIRK
CEO of Extropy.IO
CEO of Extropy.IO
For more information, Please visit the following sites:
Website: https://dacx.io/
Whitepaper: https://dacx.io/wp-content/uploads/2019/09/DACX_WhitePaper.pdf
Twitter: https://twitter.com/dacx_io
Medium: https://medium.com/@dacxinc
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
Website: https://dacx.io/
Whitepaper: https://dacx.io/wp-content/uploads/2019/09/DACX_WhitePaper.pdf
Twitter: https://twitter.com/dacx_io
Medium: https://medium.com/@dacxinc
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: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9
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