Get to know DAX Coin, the DAEX Ecosystem Utility Token

Get to know DAX Coin, the DAEX Ecosystem Utility Token

global.gerbangindonesia.org – Get to know DAX Coin, the DAEX Ecosystem Utility Token

What is DAX?

DAX is a utility token that will be used on all exchanges in the DAEX ecosystem. According to an article on DAX’s Medium, DAEX (Digital Asset Exchange) is a digital asset ecosystem that is different from most of the previously widely circulated blockchain ecosystems.

DAEX is built using a blockchain-based multi-asset clearing and settlement protocol that promotes public transparency, public trust, security, and helps the digital currency industries consisting of markets/exchanges to become more competitive.

In addition, DAEX also makes these industries organized within the scope of the DAEX ecosystem so as to create a healthy market gradually.

Initially, cryptocurrencies will be digital assets used for clearing and settlement. Then at the next stage derivatives (crypto) will be included in the ecosystem.

Every owner of the DAX token holder in the ecosystem is basically part of the owner of the ecosystem. Compared to centralized exchange tokens, DAX tokens are distributed in a transparent and decentralized manner.

Meanwhile, according to Coinmarketcap, DAEX (DAX) is a cryptocurrency that operates on the Ethereum platform.

DAX Coin Price

Get to know DAX Coin, the DAEX Ecosystem Utility Token

Based on Coinmarketcap data, Monday (7/3/2022), the DAX price is IDR 89.00 with a 24-hour trading volume of IDR 2,523,944,913.

The DAX is up 8.53 percent in the last 24 hours. Meanwhile, Coinmarketcap’s current rating is 1430 with a market capitalization of IDR 31,565,336,460. Until now, there has been a circulation of 354,666,702 supplies.

Related posts

Leave a Reply

Your email address will not be published.