Blockchain is the future and so are cryptocurrencies. Which is why developers are building more projects today in preparation for the adoption in the future.
Just like decentralized exchange, DAXICO doesn’t ask their users to register an email which can be a risk for the security of the user’s account. In my experience, decentralize exchanges are slow just like etherdelta or forkdelta. And the only time users end up using these exchanges is when they try to sell a token/coin that isn’t listed anywhere else. After dumping they may come back when or if they wanna dump another stash of token that isn’t also listed anywhere. Decentralzied exchange are for those greedy and eager investors who wants to dump their tokens even when the value of their investments. But DAXICO is one of its kind. DAXICO Exchange is a CENTRALIZED Exchange which of course will support not just ERC tokens but multiple coins from different blockchain from NEO, EOS and TRX you name it because sooner they will be adding more in the list.
But why do we need another exchange when they are too many of it these days? The intention is to not just make trading as easy as possible through the user interface and the rich functionality but also to take pride of the secure wallet that supports multiple cryptocurrencies of any kind and one feature that DAXICO has is the multi-use access to the accounts which will be useful for funds manager. This would mean you are likely to send funds to multiple accounts to which DAXICO allows it FREE of charge. Also DAXICO clients won’t have to undergo into the labyryth of interlinking pages to get used to their platform, a newbie can navigate the system in less than an hour since the project focused on intuitive user interface.
Do we collect KYC?
If their system didn’t require your email to register, then they shall also forget about KYC and submitting IDs and phone verification. If you are thinking how the system is going to allow two factor authentication, the solution is to use the code generator with the time-based password protocol like the Google Authenticator. They do all these for the security of your funds and the exchange as a whole so if you forget your password, they can not recover your accounts for you. Unless of course if you have generate a recovery mnemonics seed that you saved somewhere. Generating Nmemonics and keeping it is the most important thing that you can do for your account and funds to be recovered for its the only that can give you access. Without it, forget your money.
We See What’s Coming in the Future
The adoption of these digital assets are going to transform the way we live in the next few years. Everything in the future can be bought using our mobile phones for there might have no fiat anymore — major Chinese cities are already cashless. People like you can casually access to financial markets without needing credit cards. This is how crypto and blockchain is going to shape the future. We now have more IA projects on blockchain, the old markets like the stocks and FOREX will soon be moving to blockchain and the exchanges today are going to help build the future.
The transition to crypto is going to be slow and right now even DAXICO is available to only certain countries today restriction is imposed to the citizen of USA, Iran, Cuba, Syria and North Korea. Anyone who isn’t a resident in these countries can avail the DAXI tokens which is live on sale. But nope, this isn’t an ICO since the product is almost completed and we are even LIVE.
What is DAXI token is for?
That is the real question here because this is actually what drives the demand and what makes this token valuable. There were no whitepaper being shown yet but the team says in the telegram channel that native token’s use case is that DAXI are going to be use for paying trade commissions, basically transaction fees.
DAXI token is worth $0.10. What you can do since the exchange doesn’t have a fiat pair is that you can trade your BTC to USDT and bid some DAXI for your stash.
Official DAXICO Telegram Group: https://t.me/daxicoex