DAXBASE, ALL-IN-ONE DIGITAL BANK!
DAXBASE, an all-in-one bank will be changing the way we trade, invest and deposit money online. Because of the recent trends in the crypto currency world, several virtual money has been in the trend over time. This includes the famous Bitcoin, tagged as the new “gold” in this generation of money. With the existence and demands for online and digital transactions, Daxbase is here to address all your digital banking needs.
KNOW MORE ABOUT DAXBASE:
Daxbase is revolutionizing financial system by creating All-in one digital bank, where one can trade financial instruments without any restrictions based on their asset class or volume. A digital token is used to list financial instruments securely, while all of the transactions are logged in a universally accessible dis-tributed ledger, which is a decentralized notary service, providing global and immediate consensus about completed transactions and asset ownership.
Ownership of digital coins is protected by private keys as the ledger has a wallet. Both intraday interest rate market and yield curve will be available as well. Digital coins of different markets can be bought or sold at any time and the same applies to changes of counterparty risk.
Daxbase has set a target to solve all of the present system’s issues by becoming a global marketplace, which will be the core of a new and advanced banking architecture
THE FUTURE IN DAXBASE:
Daxbase project is planned to grow into an All-in one digital bank, where investing will be done seamlessly and securely. The two key components of the Daxbase ecosystem are theDaxbase foundation and Multikey wallet.Daxbase foundation will be supporting theDaxbase broker, providing a range of financial and investment services to its clients as well as an early access to Mul-tiKey wallet.
DAXBASE’S TOKEN:
A Daxbase Token represents the right to receive and access Daxbase ecosystem and receive various financial and investment services, discounts and bonuses. Distribution of the Tokens will be proportional according to amount of funds provided to the Daxbase Foundation during the Initial Coin Offering.
TOKEN SUPPLY:
Total Supply is 5,000,000 DXBT tokens. Unsold amount will be revoked upon ICO ends.
INITIAL RATE:
Price per token is locked on ten USD per one token.
STEPS TO DAXBASE’S BENEFITS:
1. REGULATED BROKER. 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.
2. MULTIKEY WALLET. Traders have to fund their account by depositing coins to start trading. This is where MultiKey technology ensures that it is not the same as giving away full control over your coins.
MULTI KEY IN DAXBASE’S BENEFITS:
The key benefits of using a MultiKey wallet are:
• Depositing doesn’t mean giving full control over your funds – broker can spend coins only together with trader’s key. Even in case of a cyber attack, which re-sults in theft of your broker’s key, your coins are still safe as you keep the second key.
• This security feature works from both sides – if there is an attempt to transfer coins from the broker, he will be aware of it since the second key is necessary to complete the transfer.
• Only identified clients can trade due to implementation of the Know Your Client process. This way the trader can use coins to trade within the broker or to withdraw them, without an option to transfer them outside of the network if it’s not allowed by the issuer.
• Are coins at risk to become unavailable for transfer if the broker’s key is lost or destroyed? The broker provides an option of an offchain refund transaction to guarantee retrieval of funds from a MultiKey wallet.
3. AUTHORIZED PAYMENT INSTITUTION. Daxbase will obtain an Authorized Payment Institution (API) license at the step three to minimize initial investments required. This license is a requirement if a company manages in-vestments of clients and organizes financial trading processes
4. GLOBAL INTERNET EXCHANGE.Daxbase will address the main issues of the current tokenized investment vehicles, such as lack of diversification, non-compliance with existing and foreseen regulation, and lack of standardization. Daxbase goal is to become the industry standard and one-stop solution in setting up tokenized funds, regardless of whether such funds invest in the fiat or crypto world.
5. ELECTRONIC BANK. This is the ultimate target and a major step for Daxbase and it comes with new requirements that have to be fulfilled. When this final leg is completed, Daxbase will be a fully functional bank with a wide range of services that will include the classical features along with custom tailored applications and instruments as demanded by markets.
Daxbase will continue in the development by applying for an all-inclusive banking license to become a bank. This is a complex process, including in-depth audit sessions and it can take up to two years. Upon completion, Daxbase will receive authorization to provide deposit services, issue debit and credit cards and offer savings accounts.
REGISTER NOW AND GET ACCESS TO DXBT TOKEN SALE:
KNOW MORE ABOUT DAXBASE!
ANN Thread: https://bitcointalk.org/index.php?topic=2548270
Website: http://www.daxbase.io/
Whitepaper: https://www.daxbase.io/assets/docs/prospectus.pdf
BITCOIN PROFILE:https://bitcointalk.org/index.php?action=profile;u=1280605;sa=summary
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