DACX Initial Exchange Offer (IEO)
What is an IEO?
- An IEO is an initial exchange offer that is a fundraising event managed by an exchange.
IEO benefits
- Initial exchange offers make it more convenient and easier for the most interested parties to participate in the collective financing process.
- With the exchanges offered by IEO, this strategy helps eliminate being scammed in the fundraising process, which has been the main problem and problem in the ICO process. By making contributions through exchanges, investors will have a minimal chance of losing their funds to scammers.
- With the hosting of IEO in other encryption exchange platforms, exchanges confirm the credibility and reliability of the project. Encryption exchanges should conduct research on an IEO project before including it in their exchange platforms.
DACX IEO
- DACX will start its IEO event (it will be announced ), there will be 2 rounds, each round will consist of different sales levels until they are met to move to the next level online. It will be the First in, First out (FIFO) method where the best offer will be sold out first for those who buy first.
- The DACX IEO period will last until both rounds are completed.
DACX, a London-based fintech / blockchain startup located in the famous Technology Accelerator known as LEVEL39. The DACX project was conceived during the third quarter of 2018, with the vision of providing a next-generation digital asset exchange that leverages machine learning and DLT to ensure a safe and compliant market. Our goal is to provide a platform for primary and secondary markets beyond traditional cryptocurrencies, venturing into the world of tokenized commodities and values. Therefore, our product offerings serve solutions for the retail sector, professional and institutional clientele.
Since its inception, DACX has come a long way, our MVP was launched in January 2019, so the team made the decision not to seek external financing for the project at such a premature stage. This was influential in driving;
❖ An independent environment that allows a clearer strategy and development
❖ Creativity and innovation to accelerate and risk
❖ More attention to our customers.
This allowed the organization to remain focused and remain relevant with respect to the changing regulatory landscape and investors' appetites towards ICOs.
During this trip, we have progressed not only on the product side, but also within the blockchain community forming affiliations and working relationships with organizations established in this space. On the regulatory front, being a centralized exchange with the objective of listing the STOs in the near future, we are interested in designing compliance at 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 that mitigate suspicious market behaviors.
By presenting our cross-border test proposal to the main consortium of regulators of the FCA, formally known as GFIN (Global Financial Innovation Network). DACX was one of eight successful companies that were shortlisted for the pilot. Our proposal involved the use of DLT and machine learning to facilitate cross-border payment transactions in multiple currencies, assets and commodities through tokenization, smart contracts and escrow.
Poor Architectures / Slow Order Matching Engines
In adverse market conditions, it has been a common occurrence, that during high order
flows trades suffer from poor execution and slippage. The cause is high volatility which
results in system overloads, especially for matching engines built on a Single Threaded
Architecture.
A system overload happens when the number of orders to be processed by the trading
matching engine surpasses its handling capabilities. The system then handles orders as
they come and cannot accept any new orders until the queue is cleared. This means that
traders either cannot take advantage of the market or are losing more than they should as
their orders are pending due to technical difficulties instead of lack of bids/offers.
System overloads happen very often on many exchanges with a single-threaded matching
engine and should be one of the major concerns of traders looking to choose an exchange
as it may greatly impact their trading experience and profits and losses.
Digital Money Laundering
It is the process of concealing the origins of digital assets obtained illegally by passing it
through a complex sequence of tumblers and exchanges. The overall scheme of this
process returns the money to the launderer in an obscure and indirect way. Money
laundering occurs on digital assets exchanges when traders intentionally lose money on
trades while intentionally permitting specific other traders to recover the lost trades.
Lack of Compliance / Regulatory Risk of Shut Down
Failure to comply has hit some exchanges in particular EtherDelta where The Securities and
Exchange Commission announced settled charges in 2018 against Zachary Coburn, the
founder of EtherDelta , a digital "token" trading platform. This was the SEC's [Securities and
Exchange Commission] first enforcement action based on findings that such a platform
operated as an unregistered national securities exchange. [reference Sec.gov press release
2018-258]
SEC regulations are clear with the "Howey Test" which was created by the Supreme Court
for determining whether certain transactions qualify as "investment contracts."
If so, then
under the Securities Act of 1933 and the Securities Exchange Act of 1934, those
transactions are considered securities and therefore subject to certain disclosure and
registration.
For information purposes, a transaction will be considered a security if all of the following
requirements are met:
There is an investment of money
There is an expectation of profits
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party
GLOBAL
REGULATOR COMPLIANT EXCHANGE PLATFORM
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.
GLOBAL REGULATOR COMPLIANT
HIGHLIGHTS
STRATEGIC PLANNING & IMPLEMENTATION
OUR TEAM
OUR ADVISORS
PARTNERS & AFFILIATIONS
DACX EXCHANGE
NEWS & MEDIA
DACX STRATEGICALLY ALIGNS WITH LCS
DACX AND LONDON CRYPTO SERVICES FORM A STRATEGIC PARTNERSHIP
Europe’s leading “blockchain for business” event, Blockchain
Summit London, took place this year at Olympia, Kensington. The two-day
conference and exhibition dedicated to the business of blockchain and
distributed ledger technology (DLT) brought together many of the industry’s
leading tech houses including Oracle, IBM, SAP, ConsenSys, Alibaba and Dell
Technologies.
Amongst the audience of business decision makers were the
founders of DACX and London Crypto Services (LCS), who on the second day of the
event discussed forming a strategic partnership to leverage the prominent
standing of both companies within the blockchain space. Dialogue over the
ensuing weeks remained positive, culminating in an agreement to engage in a
strategic partnership focused on close collaboration between the two companies.
Both companies anticipate fruitful collaboration and anticipate
that DACX’s security credentials will be enhanced through ongoing security
audits performed by LCS blockchain security experts.
LCS is a leading blockchain security firm, offering a wealth of
expertise to those operating in the blockchain space. LCS was founded with one
core principle: to provide customers with reliable, concise and cost-effective
audits of smart contracts.
In addition to the performance of technical audits, LCS provides
assurance services and independent opinions of blockchain projects. Such
projects include cryptoasset exchanges, hot wallets and cold storage solutions.
All work performed is treated as strictly confidential and the publication of
reports is purely at the discretion of our 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
fractionalisation 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. 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.
DACX JOINS THE SECURITY TOKEN ALLIANCE
Tokyo, Japan —
July 23, 2019 — The Security Token Alliance,
an alliance that brings together organizations advancing the security token
industry, is announcing that DACX is among the
latest to partner with the Alliance.
The Security Token
Alliance is founded on the belief that the present and future of digitized
securities will benefit from wide participation in projects and an ecosystem
for stakeholder connections. The organization was founded in May 2019 by Frederik Bussler.
DACX is a Digital Asset
& Commodity Exchange out of London, leveraging AI and high performance
computing tech to provide an efficient, secure, and compliant marketplace. We
spoke with the Founder and CEO of DACX, Zeeshan Chaudhry, to discuss the
industry and our new partnership.
WHY
JOIN THE SECURITY TOKEN ALLIANCE?
The Security Token Alliance was
borne out of seeing the fragmentation and immaturity of a high-potential
industry — Security Tokens. But what was DACX’s reason for joining? Chaudhry
shares his comments:
“I believe this is a
great initiative by STA to form this coalition or working group, where
disruptive organisations can collaborate on multiple fronts, from innovation to
regulation.”
Essentially, collaboration is the
bedrock of the Alliance. In such an early stage of industry, companies should
not be fighting for market share, but for the market itself.
Our members have realized this, as Chaudhry notes:
“The foundation
members are a mixture of established and young companies, where they can
collectively promote and educate people/governments across the world about the
benefits to society of what we are trying to mutually achieve.”
Without common knowledge and education about Security
Tokens, the industry can’t achieve mass penetration. Investors would not invest
in an asset they don’t know, asset managers would not put those assets in their
portfolio, and asset owners would not choose to tokenize. We believe in
education above all.
WHAT DACX CONTRIBUTES
The Alliance consists primarily of
the Chief Executives of over 70 industry organizations. As CEO of DACX,
Chaudhary shares his thoughts on joining:
“Coming from a
diversified background — from risk analytics, quant finance, machine learning,
commercial real estate, and also lately being a founder of DACX — I’ve been
given first hand experience of going through the hoops and loops of regulation.
So taking in to account all that wealth of experience and information, this can
add value to current and future STA members. Also there is always opportunities
of exploring mutual avenues and growing together between the members.”
Chaudhary and DACX bring “T-shaped experience” as new
Alliance members, with a broad range of experience across industry verticals
and expertise in digital assets.
This contribution will prove invaluable for other members
and improve the cross-fertilization of business.
INDUSTRY TRENDS
Zeeshan notes a number of positive industry trends that are
bringing greater hope for STs and STOs. First off:
“There seems to be a
shift this year in the market towards STOs, which seems to be making headway in
the UK & Europe.”
As ICOs crashed in 2017 and are
virtually paralyzed by regulations in 2019, capital raises on the blockchain
are finally shifting to legal, compliant methods through Security Token
Offerings, especially in certain verticals:
“A lot of traction has
been taking place in the real estate avenue with fractional ownership of
commercial assets tokenized representing nominal shares.”
A Security Token is a digitized
security backed by real assets, equity, or debt. Real assets such as real
estate are fairing well as of late, relative to other areas like debt. In any
case, we’re still early on:
“The space is still
relatively young and in my opinion it’s early days, all conventional assets can
be tokenized.”
Zeeshan holds the belief that
virtually all conventional assets can be tokenized — a lofty goal, but it’s not
impossible, especially considering that regulators are taking a more positive
approach as well:
“Regulators in UK,
Europe, and Asia have taken quite a positive stance towards the concept of
tokenization and STOs in particular. Second half of the year you could expect
more companies coming forward with and being granted interim licenses via
sandboxes or full licenses in this sector.”
LOFTY PLANS FOR THE PARTNERSHIP
In closing, Zeeshan sees a bright
path ahead for the Alliance:
“The best way for the
Security Token Alliance and all members to move forward towards mass adoption
is via collective engagements with institutional investors and regulatory
bodies.”
With the current state of the
industry — fragmented at best, immature at worst — the Alliance believes that
the best way to move Security Token projects forward is with an unbiased,
neutral ecosystem for projects. We aim to facilitate open knowledge sharing and
collaboration.
The Security Token Alliance is
currently signing and on-boarding a wide cross-section of respected security
token professionals and organizations with the goal of broadening participation
in digital assets in order to create the best financial outcomes for humanity.
Join us on :
Official website: https://dacx.io/
Telegram: https://t.me/OfficialDacx
Twitter: https://twitter.com/dacx_io
Facebook : https://www.facebook.com/dacx.io
Instagram : https://www.instagram.com/dacx_io/
LinkedIn : https://www.linkedin.com/mwlite/company/dacx-group
Medium : https://medium.com/@dacxinc
Bitcointalk thread : https://bitcointalk.org/index.php?topic=5197112
Profil : https://bitcointalk.org/index.php?action=profile;u=2497423
ETH address : 0x2F31BDf2C3250E70b6F09efb8578C8475A47c865
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