DAEX offers to solve a problem that Bitcoin and most early blockchain providers could not: the extremely slow clearing speed that made transactions unwieldy and expensive.
Key Statistics
Premise
4.5/5 – Excellent
Fast clearing means that DAEX coins can be used as a virtual currency in an unprecedented manner. With some refinement the promise of DAEX is that it can replace the credit card or debit card entirely.
Assuming they succeed DAEX can capture a vast market! Merchants who used to pay electronically for the privilege of using their clearing system would now channel those payments to DAEX to the benefit of its investors.
One worrying aspect about DAEX is that it might be overpromising. DAEX claims that it can go into beta mode by Q4 of 2018 and release not 1 but 2 live net versions in 2019.
While there is no doubt they have the technical know-how to program and release their crypto-currency in rapid succession, it is worth questioning if they can promote the ICO and convince enough investors within the short period of time.
After all, DAEX is competing with a large number of other ICOs all vying to convince the pool of investors to put their trust in them.
Team
4/5 – Very Good
The DAEX team can boast of considerable pedigree. They are some of the most eligible people who can be recruited in this emerging field.
However because blockchain is an emerging field, experience in the field is a hit or miss proposition. Just because someone has a lot of experience does not automatically mean that such experience will translate to success.
After all the business is essentially a securities investment. The unpredictability of the market and the underlying investment is simply not something that can be controlled no matter how skilled or experienced the team is.
Still, Daex has put together an impressive team and able advisors so as to make them worth looking into.
Token
5/5 – Perfect
DAEX uses the DAX token and will issue ERC20 coins.
What makes to ERC20 coins valuable and what will guarantee their value is the fact that DAEX has a unique value proposition. It will attempt to create a substitute mode of payment clearing house.
This will mean that the DAX token will be traded quite frequently as it is used as a convenient way to exchange value. If DAEX is successful ERC20 coins will move frequently and accumulate value as it is used more and more.
Risk
1.5/5 – Very High Risk
The main problem is DAEX is just one of dozens if not hundreds of other ICOs that are happening. ICOs are all the rage in 2018 and everyone is trying to get into it.
This means that there is a lot of noise surrounding ICOs. There are so many other competing products that DAEX is at risk of becoming buried amidst the crowd.
The unique value proposition of DAEX as a revolutionary payment method is its saving grace. This is fairly unique among ICOs and will prove that DAEX will have movement as it will be traded and value will be added as it is used as a form of currency.
Summary
Very Good
At the end of the DAEX is worth a second look and perhaps even some investment. While there is the risk that DAEX will be drowned out by so many other ICOs out there. It is within that risk that an opportunity arises.
DAEX has a top-notch team behind it with excellent advisers to help show them the way. DAEX has a unique value proposition in that it hopes to replace traditional electronic fund clearing that existing payment methods used to corner. With any luck DAEX can build a robust system that can perform as designed.
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Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.
The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
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