DAEX is a clearing solution for centralized cryptocurrency trading exchanges. Its clearing service is based on distributed ledger technology. Clearing and settlement rules are preprogrammed into clearing smart contracts on the DAEX clearing chain. The clearing process is automatic without people’s interference. The objectivity of clearing is guaranteed by the consensus mechanism on the clearing chain. Also, customers’ digital assets are registered and stored on the DAEX’s clearing chain. No other institutions or individuals can access these assets without the owner’s permission.
Pinkcoin is an x11 PoW/PoS cryptocurrency with a total coin supply of 380 million coins. The Proof-of-Work period lasted for the first 20,000 block that took 7 days to complete. There is a 1% stake interest per year. Pinkcoin has no pre-mine nor IPO though there is some indication of instamine for the first 186 blocks as noted by a code audit conducted.