Skip to content

Introduction

Intro

5DAX Chain is a blockchain developed by 5DAX and its community that implements a vision of a decentralized exchange (DEX) for digital assets.

At the heart of 5DAX Chain is a highly performant matching engine built on distributed consensus that aims to replicate the <1 second trading efficiency of current centralized exchanges.

5DAX Chain transactions burns 5T (the native token of the 5DAX ecosystem), according to a fee schedule.

5DAX Chain also includes efforts to implement listing assets from other chains, and cryptographic primitives such as threshold signatures.

Functionality

5DAX Chain has the basic features of most blockchains:

  • Sending and receiving 5T and digital assets
  • Issuing new digital assets (we have a standard called BEP-2)
  • Mint/burn, freeze/unfreeze, lock/unlock of digital assets

It has DEX and trading-specific functionality:

  • Propose exchange listing for trading pairs
  • Creating maker/taker orders for traders
  • Listing assets from other chains using atomic swaps (BEP-3)

5DAX Chain also implements new features, such as

  • Threshold Signatures (an alternative to multisig)
  • Smart Contracts sidechain (in-progress)

Participate

There are different ways to participate in the network, from light nodes to full validators.

5DAX Chain follows a philosophy of progressive decentralization. We envision a future where organizations and individuals can run validator nodes, and 5T can be staked to join governance.