DIFX is a blockchain-based exchange platform that can benefit millions of individuals
There are several cryptocurrency exchanges that have caught the attention of traders all over the world. However, each platform is often specific to a single asset class which makes it problematic for users with multiple portfolios to keep track of all their investments. Additionally, cryptocurrency exchanges in particular have a track record of being hacked many times over the past decade, putting customer assets at great risk. DIFX is a revolutionary cross-asset platform created to overcome these barriers and make it easier for individuals and businesses to buy, sell and trade securely between cryptocurrencies, forex, Indices, commodities and stocks.
DIFX is the first comprehensive ecosystem with the unique advantage of accommodating major trading verticals in one unified offering packed. It aims to create a safe working model and a hybrid of centralized & decentralized exchanges that incorporate atomic exchanges.
DIFX's mission is to create a safe and hybrid working model of a centralized & decentralized exchange that combines atomic exchanges with the power of Blockchain technology.
We want to create a new financial order, in which Digital Currency is used for direct settlement between payer and recipient. Our platform will help millions of unbanked individuals use digital currency because of its simplicity of use.
We will leverage blockchain technology to make money transfer services accessible and to add value to our customers for profitable use of digital assets.
We will reduce turnaround times and provide efficiency when exchanging along with immutable ledger records and a high-security transaction network.
Blockchain is ranked one of the top 5 technologies emerging in 2019 by the World Economic Forum and is speculated to hold 10% of the world's gross domestic product (GDP) by 2025.
With this in mind, DIFX was created as a blockchain-based cryptocurrency exchange platform that will bring significant and lasting changes to financial product trading. After that, create the first cross-asset blockchain-based trading network that will connect individuals, major brokers, companies and also solve real-world payment problems by providing simple, effective, secure payment and cross-border trading solutions.
DIFX is the first true cross-asset trading platform based on blockchain. This unique comprehensive ecosystem is redefining the global online trading landscape. The DIFX ecosystem offers three dimensions: EXCHANGE, WALLET SERVICE & TRADING ASSETS.
1. CROSS ASSET PLATFORM
The following are the variants that can be traded across various asset classes contained in the decentralized platform created by DIFX :
Crypto to Crypto
Crypto to Forex
Crypto for Commodities
Crypto to Stock CFDs
Crypto to Index
2. CRYPTO EXCHANGE Our cryptocurrency exchange features a unique token locking mechanism and powerful trading UI.
3. BECOME A TRADER The first cross-asset exchange by DIFX will bring significant and lasting changes to the trading of financial products. All DIFX products and services can be purchased with DIFX tokens . The contemporary methodology of Product / Service / Cryptocurrency marketing is through Digital media.
Bitcoin, Ethereum, Litecoin and many others The system automatically generates statistics on the overall balance of the account displayed in USD Dollars, Euros or Yuan
DIFX ECOSYSTEM:
DIFX Ecosystem Offers an all-in-one solution for the Digital Currency Ecosystem
Made for Trading, Investing and Betting
Benefits of DIFX Over Conventional Crypto Exchanges Only
Decentralized Exchange Custom Matching Engine as used in Centralized Exchange. The matching engine will also have an access level for the Blockchain to change the state of the coins / tokens to their respective tokens to be stored for transactions. The matching engine will also have access to change the status from Net Exposure to Trading.
Wallet Integration All transactions in the Exchange will be directly carried out in the user's wallet and updated as blockchain transactions. This will ensure that the exchange is fully decentralized, and all cryptocurrencies will always be with the user. Each user's public and secret key will be required for the exchange to be decentralized. All tokens / coins in the centralized wallet will be transferred to the user's wallet. All future transactions for the user will take place from their wallet to the wallet of the other users participating in the transaction.
DIFX TOKEN
The DIFX token is a utility token created on the ERC20 Ethereum blockchain. Utility tokens are tokens that are meant to provide digital access to applications or services via a blockchain-based infrastructure. DIFX allows instant transfers while providing special values and discounts to DIFX users.
TOKENOMICS
✦ Symbol: DIFX
✦ Total supply: 550 Million Tokens
✦ Soft Cap: USD 13.2 Million
✦ Hard Cap: USD 50.94 million
✦ Acceptable payment options: BTC, ETH, USDT
TOKEN DETAILS
BUDGET ALLOCATION
TOKEN ALLOCATION
DIFX also has a competent team led by Jeetu Kataria who is the Founding Director and Head of Operations. Her experience in Financial Markets, Investment Banking and Funds Management will help catalyze the contributions of the other seven members who make up the core team.
In addition to the direct roles of core team members, DIFX will also receive substantial support from an Advisory Board comprising industry leaders in the finance and technology ecosystem. The platform's advisory board currently consists of 8 team members including but not limited to Mohammed Abdulrahman Aljallaf, an independent Director with over 16 years of experience at Emirates Bank, and Dr. Naser Muhyealdeen, an experienced legal figure who is currently the Chief Executive Officer at the Global Investment Group.
CONCLUSION
The DIFX ecosystem is under development and may undergo significant changes and corrections in terms of technical operations until the platform development is fully completed. The effectiveness of developing the DIFX ecosystem is very much dependent on the number of DIFX tokens sold. Poor token sales results can result in a shortage of the resource base required for the full development of the ecosystem. If the project team does not collect the amount required for product development (soft cap), all funds raised will be returned to the investor, minus the commission for the transaction.
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