Personally from my research on this project, i found out that it aims to develop a digital currency broker that will eventually grow into a bank for businesses of the digital generation. I share the same belief with the developers of this project that decentralization and great customer service are the most important factors for the future of digital banking. DAXBASE will change the way we trade, invest, and deposit money online. Due to recent trends in the cryptographic currency world, several virtual money trends over time. This includes the famous Bitcoin tagged with a new “gold” with this generation’s money. Depending on the existence and demand of online transactions and digital transactions, Daxbase meets the needs of all digital banking.
With the development of Daxbase, Digital banks can trade financial instruments without any restrictions based on asset classes and quantities. Digital tokens are used to safely display financial instruments and all transactions are recorded in a universally accessible distributed ledger. This is a decentralized notarization service, providing global and immediate consensus on the completion of transactions and asset ownership.
The ownership of the digital coin is protected with a secret key because there is a wallet in the ledger.
Furthermore, i found out that the project believes that innovation must go hand in hand with the needs of customers. The aim is to offer quality services to customers even as they innovate. To achieve this, those behind the project intend to combine the best features of the modern banking world and the best of blockchain technology. Through this, the developers will be able to achieve some of the highest security standards of the banking sector.
To benefit from the Daxbase platform, below are all you need to do :
- Regulated broker. The first step to initiating the provision of financial services is to acquire a financial broker’s license and certain procedures need to be set up to comply with laws and regulations.
- Multi key wallet. Traders must fund their account by depositing coins to start a transaction.This is where we guarantee that multi-key technology is not the same as controlling coins completely.
The key benefits of using a MultiKey wallet include :
- Depositing doesn’t mean giving full control over your funds
- This security feature works from both sides
- Only identified clients can trade due to implementation of the Know Your Client process.
- The broker provides an option of an offchain refund transaction to guarantee retrieval of funds from a MultiKey wallet.
Lets look at the Benefit of DAXBASE :
- Fully decentralized and covered by smart contracts.
- Integrated to the global financial ecosystem
- Secure and with a high level of privacy
In order to provide investment service through specific financial instruments, Daxbase will be registered as a financial services company that will focus on providing investment services on behalf of its clients. The initial step to start providing financial services is to obtain a financial broker’s license and certain procedures have to be set up to comply with the law and financial regulations. Among these are the Know Your Customer (KYC), Anti Money Laundering (AML), Combating Financing of Terrorism (CFT), etc.
DXBT is a utility token, which represents the right to access DAXBASE Ecosystem. It is also provides the ability to receive various financial and investment services, discounts and bonuses.
Token Symbol : DXBT
Total Supply : 5,000,000 DXBT
Token Price : $10 / DXBT
Token Sale Date : Dec 4, 2017 — Mar 11, 2018
THE SALE ENDS IN SOME DAYS TIME. ALL UNSOLD TOKENS WILL BE BURNED OUT
FOR MORE INFORMATION AND PARTICIPATION VISIT THE FOLLOWING LINKS
WebSite : https://daxbase.io/
Whitepaper : https://daxbase.io/assets/docs/prospectus.pdf
Twitter : https://twitter.com/daxbaseio
Author : Maniecool
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995