DIFX

Maret 12, 2021

DIFX - Digital Financial Exchange

Introduction
Since the emergence of blockchain technology and its disruptive effects hit nearly every world, including global finance, there has been a need to end a very vague and ugly trend in money transfer and cryptocurrency exchange niches in the industry. This reality arises from the fact that the world is developing with new and developing technologies. Since financial transactions and remittances shouldn't be left to wallow in, he is still trapped.

High transaction fees, slow remittances, inefficiency of cross-border payments, loss of value in money translation, and many others are some of the many issues affecting cryptocurrency exchanges today. This requires an urgent and immediate solution that will ensure the seamless P2P exchange of cryptocurrencies and fiats by taking advantage of the countless opportunities offered by blockchain technology and ending countless years of misery that has tainted the industry.

DIFX's Mission & Vision
DIFX's mission is to create a hybrid working model of centralized and decentralized exchange that combines atomic exchanges with the power of Blockchain technology.

We aim to provide a platform for both 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, in which Digital Currency is used for direct settlement between the Payer and the Recipient. Our platform will further help millions of unbanked individuals to use digital currency due to its simplicity of use.

We will leverage blockchain technology to make money transfer services accessible, and to add value to more consumers for profitable use of Digital assets.

Reduced turnaround time and efficiency when exchanging together with unaltered ledger records, and a security-rich transaction network will be our top priority

Benefits of DIFX Over Conventional Crypto Exchanges Only
Decentralized Exchange Custom Matching engine like those used in Centralized Exchanges. 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 Features:
1. Encrypt tracks using the latest tools such as VPN, SSH, and 256-bit AES encryption.

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

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

4.Anti-CSRF Token: CSRF is a Cross Site Request Forgery, which is a type of attack in which a malicious actor performs unwanted actions on a trusted site.

5. Email ID Encryption: Prevent hackers from decrypting / editing our email addresses using our database.

6. Device based tracking (IP Address, MAC Address / Mobile Device ID, User) and IP based admin panel login.

7. Implementation of hidden mail system for exchange to find out current login credentials for admin panel, if hackers change them internally or externally.

8. The database maintains a log of admin login patterns and incorrect login attempts.

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

10. We continue to explore the latest techniques to strengthen our safety measures and service security features. We have a development board where our team is constantly assessing new features and algorithms that can improve the security and performance of all components of our exchange.

DIFX TOKEN:

Currently DIFX is an erc20 compatible token created on the Etheruem blockchain. It serves several utility functions in the DIFX Ecosystem. This will serve as fuel for the DIFX Blockchain when the platform has been fully developed with its own blockchain. This will empower future DIFX products and services and will serve as a settlement for payments.

Token DIFX

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. Its main features include:

ERC-20 based tokens are used in the DIFX Ecosystem
Future plans to build a native blockchain platform
This will empower DIFX's future services and products
Faster transaction times
Faster payment completion

Tokenomics

Symbol: DIFX
Total supply: 550 Million Tokens
Soft Cap: IDR 13,2 Million
Hard Cap: IDR 50,94 million
Acceptable payment options: BTC, ETH, USDT

DETAIL TOKEN

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 is subject to 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.