fauziyyah inamillah: DIFX

DIFX

Introduction

Since the advent of blockchain technology and its disruptive effect hit virtually every world, including global finance, there has been a need to put an end to the notoriously vague and abysmal trends in the payment remittance and cryptocurrency exchange niche of the industry. This reality arises from the fact that the world is evolving with new and emerging technologies. As such financial transactions and payment remittances must not be left to wallow in the backwardness, it is still stuck in.

High transaction fees, slow payment remittance, cross-border payment inefficiencies, value lost in money translation, and many others are some of the numerous problems affecting the current cryptocurrency exchanges. This calls for an urgent and immediate solution that will ensure seamless P2P exchange of cryptocurrency and fiats by leveraging the countless opportunities offered by blockchain technology and bring an end to the years of untold woes that have blemished the industry.

DIFX Mission & Vision

DIFX mission is creating hybrid working model of a centralized as well as a decentralized exchange which incorporates atomic swaps with the power of Blockchain technology

We aim to provide a platform for beginner and advanced traders, investors, and institutions with a user-friendly interface that combines the best practices of Decentralized and Centralized trading.

We want to create a new financial order, wherein Digital Currency is used for direct settlement between the Payer and Receiver. Our Platform will further help millions of unbanked individuals to use digital currencies due to the simplicity of its use.

We will leverage the blockchain technology to make the remittance services accessible, and to add value for more consumers for auspicious use of Digital assets.

Reduction in settlement time and efficiency while exchanging along with immutable ledger records, and security-rich transaction network will be our top priority

Benefits of DIFX Over Conventional Crypto Only Exchanges

The Decentralized Exchange Custom Matching Engine as used in Centralized Exchange. The matching engine will also be having access level for the Blockchain to change the status of the coin/token to the respective token to be kept for a transaction. The matching engine will also be having access to change the status from Net Exposure to Trade.

Integration of Wallet All the transactions within the Exchange will directly be made on the user wallet and be updated as a blockchain transaction. This will ensure that the exchange is entirely decentralized, and all the cryptocurrencies will always be with the users. Each users’ public and the secret key would be required for the exchange to be decentralized. All the tokens/ coins in the centralized wallet will be transferred to the user’s wallet. All Future transactions for the users will take place from their wallet to the respective wallet of other users participating in the transaction.

DIFX Features:

1. Encryption of track using the latest tools such as VPN, SSH, and 256-bit AES encryption.

2. Individual verification of crucial details to avoid identity theft and other forms of fraud.

3. AES encryption prevention: A sophisticated encryption algorithm that decrypts encrypted confidential data.

4. Anti-CSRF token: CSRF is Cross-Site Request Forgery, which is a type of attack in which a malicious actor makes an unwanted action on a trusted site.

5. Mail ID encryption: Prevents hackers from decrypting/editing our email address using our database.

6. Device-based tracking (IPAddress, MAC Address/Mobile device ID, User) and IPbased admin panel login.

7. A hidden mailing system implementation for the exchange to know the present login credentials for the admin panel, in case a hacker changes it internally or externally.

8. The Database retains a log of admin login pattern and wrong login attempts.

9. Auto logout and re-login for the admin to protect attempted hacks on ongoing sessions.

10. We are constantly exploring the latest techniques to strengthen our safety measures and security features of the services. We have a development board where our team is constantly assessing new features and algorithms that can spruce up the security as well as the performance of all the components of our exchange.

DIFX Token

DIFX Token is a utility token created on the ERC20 Ethereum blockchain. Utility tokens are tokens that are intended to provide digital access to an application or service through a blockchain-based infrastructure. DIFX allows for instant transfers while providing specific value and discounts to DIFX users. Its key features include:

ERC-20 based token used within DIFX Ecosystem

Future plans to build a native blockchain platform

It will power future DIFX services and products

Faster transaction times

Quicker payment settlements

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

ROADMAP

Conclusion

DIFX Ecosystem is under development and may be subject to significant changes and corrections in terms of technical operation up to the full completion of the development of the platform. The effectiveness of the DIFX ecosystem development largely depends on the number of DIFX tokens sold. Poor token sale results can lead to a shortage of the resource base required for the full development of the ecosystem. In case the project team does not collect the necessary amount required for product development (soft cap), all collected funds will be returned to the investors, minus the commission for such transaction.

TEAM