This paper reviews the synthesis, properties, performance, and safety of the insensitive explosive 3,3'-diamino-4,4'-azoxyfurazan (DAAF, C4H4N8O3), CAS-No. [78644-89-0], and 18 formulations based on it. Though having a moderate crystal density only, DAAF offers high positive heat of formation and hence superior performance when compared with TATB. It is friction and impact insensitive but is more sensitive to shock than TATB and has an exceptionally small critical diameter and performs very well at low temperatures unlike other insensitive explosives. 39 references to the public domain are given. For Part I see Ref.[1].