DAEX (DAX) Reaches Market Capitalization of $2.84 Million

DAEX (DAX) traded down 6.6% against the U.S. dollar during the 24 hour period ending at 0:00 AM ET on April 10th. DAEX has a market cap of $2.84 million and $86,867.00 worth of DAEX was traded on exchanges in the last day. During the last week, DAEX has traded 8.4% higher against the U.S. dollar. One DAEX coin can now be bought for about $0.0080 or 0.00000019 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last day:

  • Binance USD (BUSD) traded up 0.2% against the dollar and now trades at $1.00 or 0.00002374 BTC.
  • Polygon (MATIC) traded down 3.4% against the dollar and now trades at $1.42 or 0.00003366 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded down 0.1% against the dollar and now trades at $1.00 or 0.00002370 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • Chainlink (LINK) traded down 4% against the dollar and now trades at $14.93 or 0.00035419 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • FTX Token (FTT) traded down 2.6% against the dollar and now trades at $44.64 or 0.00105892 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.

DAEX Profile

DAEX is a coin. DAEX’s total supply is 2,000,000,000 coins and its circulating supply is 354,666,702 coins. The Reddit community for DAEX is https://reddit.com/r/DAEX_Blockchain. DAEX’s official Twitter account is @daexblockchain and its Facebook page is accessible here. DAEX’s official website is www.daex.io.

According to CryptoCompare, “DAEX is a clearing solution for centralised cryptocurrency trading exchanges that want to provide a better service to the cryptocurrency trading through a clearing service based on distributed ledger technology. The DAEX ecosystem allows traders to use wallets and perform trades that when matched are sent to the clearing service. The clearing service (CaaS) generates the smart contracts to validate the trades and to make sure the requirements are met. After the validation process, the smart contract runs the consensus mechanism and updates the corresponding wallets with the cleared assets. The DAEX network uses the DAX utility token (Ethereum-based ERC20) to ease the cooperation between different exchanges in the DAEX ecosystem. “

Buying and Selling DAEX

It is usually not presently possible to buy alternative cryptocurrencies such as DAEX directly using U.S. dollars. Investors seeking to trade DAEX should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy DAEX using one of the exchanges listed above.

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