DACX

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Introduction
DACX is a digital exchange that exploits the positive features of blockchain technology. Hence it requires a utility token to harness its system of operation fully. DACX Token is the utility token that the platform has adopted. This article reveals the essential details of the DACX token.

The DACX token has a limited supply of precisely 786,786,786. This total supply is prone to decrement as a result of frequent token burns. The DACX utility token runs on the Ethereum blockchain-based on the ERC-20 token standards.
5% of the tokens are for the angel investors, while 15% goes to the team. 5% of the total amount of the DACX token serves as bounty while 50% is meant for crowd sales. The last 25% of the tokens is locked. The team members will get their tokens monthly from the launch of the DACX platform.
The crowd sales tokens are used for several functions such as:

Expansion and improvement of the platform’s infrastructure,
Capital reserves, payment of registration and license fees,
Development of cross country payment system,
Maintenance of insurance funds.

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, we have open registrations for client on-boarding and running an active Affiliate/Referral Program.

ROADMAP

TEAM

USEFUL LINKS
Website: http://dacx.exchange/
Bitcointalk Link: https://bitcointalk.org/index.php?topic=5197112.0
Telegram: https://t.me/OfficialDacx
Facebook: https://www.facebook.com/dacx.io
Twitter: https://twitter.com/dacx_io

name ; onde onde
Profil ; https://bitcointalk.org/index.php?action=profile;u=2600915
wallet ; 0xf372A0b4aEa179377143eA3EAaa9FE22Da1beBaF

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