DAEX (Digital Assets Exchange), a distributed digital asset-clearing ecosystem that is based on a blockchain using a multi-asset clearing and settlement protocol, has made an investment in the social instant video-only app SVPER, as part of a strategy to bolster its investment portfolio.
SVPER’s Platform & Partnerships
LBank, a world class digital asset exchange, has also become an investor in supporting SVPER. SVPER is a social networking app premised on helping people form real-life relationships in real time through the medium of video.
SVPER operates on a tokenized economy with its crypto token, the SVPER token (SVP), a utility token on Ethereum’s ERC20 platform. The app requires all transactions to be conducted via the SVPs. Users can purchase these coins or earn them on the app.
Although a B2C product, SVPER is partnering with DAEX to improve the latter’s ecosystem, polishing its identification technologies which, according to DAEX Director Catherine Zhou, have a few gaps.
The Director said:
“The strategic partnership between DAEX and SVPER will help to fill in the gaps when it comes to DAEX’s underlying identification technologies. In this way, the SVPER team will also assist in improving the layout of the DAEX ecosystem as a whole, laying the foundation for greater co-operation in the future.”
The DAEX Platform & Partnerships
DAEX believes that centralized exchanges are flawed in their infrastructure, as they control customers assets and leave them vulnerable to fraud and hacking attempts. The company was formed to tackle these issues by way of a blockchain and smart contracts, which provide transparency to both exchanges and traders on the platform.
DAEX has created a clearing ecosystem using distributed ledger technology, to serve centralized cryptocurrency exchanges. The company aims to provide transparency by clearing trades on a public chain. The greater objective is to build a clearing house for cryptocurrency trading, which will foster a more efficient market.
The platform bestows full ownership of assets to traders, while their trades are cleared on a public clearing chain.
The DAEX ecosystem will include a scope of products; these include the Clearing Chain, the DAEX Fund, the DAEX Wallet and partnered centralized exchanges.
DAEX has recently developed important collaborations with a variety of cryptocurrency entities. They include: blockchain services provider Sophon Capital Community, identification technology group IAME, blockchain security group BUGX, fintech platform HyperQuant and two digital asset exchanges — XBrick and Tokenomy.
DAEX is seeking to expand its partnerships and its testnet is scheduled to be live in the fourth quarter of 2018.
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