ICO WEIDEX: Innovative New Decentralization Exchange
Crypto trading is turning into a great way of investment. The value of crypto assets like Bitcoin and Ether is increasing constantly and many new crypto coins are emerging. All of these coins and tokens are valuable crypto assets, traded across crypto exchanges. Though these crypto assets are generated and used by decentralized platform, still a few centralized exchanges are used to trade them.
A majority of cryptocurrency investors use centralized exchanges that manage the investor’s capital and provide trading facility. The centralized exchanges have played a vital role in facilitating crypto trading, but these are vulnerable to hacks. The demands for a decentralized crypto exchange ike Weidex is increasing with every passing day. Weidex will operate as a secure and decentralized crypto trading platform that will give the controls back to the users.
What is Weidex?
wеiDеx is an еxchangе markеt that doеs not nееd to rеly on a third partysеrvicе to hold thе customеr's assеts. Instеad, thе tradеs occur dirеctly bеtwееn usеrs (pееr to pееr) through an automatеd procеss callеd smart contract.wеiDеx is a fully fеaturеd dеcеntralizеd еxchangе (DеX). It guarantееs thе highеst possiblе sеcurity, full transparеncy and opеn sourcе logic.Thе main idеa bеhind thе dеcеntralizеd еxchangе is thе rеmoval of thе third party.
- Low Operational Cost.
- weiDex is cost effective and minimizestime wastage.
- The platform is created in a very fast and efficient blockchain network.
- You will only be charged little or no amount thereby making you deploy a payment service of your own.
Cross Chain Transactions
- Team will create one big ecosystem in which users can trade currencies in a decentralized way. Without any third parties.
- The technology used to tackle the problem with cross-chain trading is atomic swaps.
Multiple order fullfilment- set an order for a certain amount and our smart contract will make sure to take as many transactions as needed to fulfill your request, while you get charged for just one transaction.
Referral System:
If a user invites his/her friend to join this platform, weiDex provides benefits to such users by transferring 20% of exchange trading fees of their friends to the user’s wallet.
Low Fees:
weiDex is providing a cost-effective platform by charging low fees as compared to other exchanges. It is also providing additional benefit to the users by carrying out their trading free only after a certain amount of volume is reached.
Multiple Order Fulfilment:
This decentralized exchange enables users to place a certain amount of order and the smart contracts will carry out the multiple transactions as many needed by the user. The user here will get charged for only one transaction.
Cross-chain Transaction:
Cross-chain transactions pose a main challenge in most of the exchanges. weiDex is carrying out cross-chain transactions with the help of atomic swap. Atomic swap is a process where one cryptocurrency is exchanged with other cryptocurrency without the interference of third party.
Atomic Swap is carried out as follows:
If a user X has Ether and is willing to give his Ether to user Y who is holding Bitcoin in exchange of Bitcoin then both the users X and Y will generate a secret key and a secret lock. After this user Y sends his/her secret lock to X along with the address of transaction. User Y will check the details and then makes a call by sending the ether with his/her secret lock.
When both the parties agree for a transaction they send the secret key to each other and then receive the bitcoin and ether in exchange. In case if any party does not wish to carry out the transaction then the cryptocurrency of opposite party will be held by smart contracts for certain period of time and then will be released back to the owner.
ROADMAP
TEAM
The Weidex team has been selected for the basics of a culture of innovation, trust, transparency, and simplicity in our core corporate values
and embedded in everything we do. Our organizational structure is flat to ensure quick execution in fast moving space. Each member has led multidisciplinary, multidisciplinary and adaptive teams to achieve technological innovation in tough markets.
The project has a strong and highly qualified team, which I think is capable of bringing the project to the highest level in the shortest time possible and I hope they succeed. This team includes major specialists from various industries with years of experience. With the main participants you can see on the official website, there you will also find links to their personal accounts on social networks.
The team behind the Weidex project can be considered an advantage for the project. The team is relatively large compared to other projects and ICOs and consists of experienced and skilled people. There are photos and LinkedIn accounts provided alongside members to prove they are real people, because many suspicious projects refuse to show off their members.
Regardless of the developer, who keeps the project's technical side and develops the only platform, there are people responsible for maintaining contact with the community and potential investors, while all sides of advertising and marketing strategies are also in good hands. The following is information from some key members. The rest, you can see more details on their official website: https://weidex.market
#WeiDex #IEO #startup #BountyCampaign #Investment#Cryptocurrency #Blockchain #Exchange #Crowdfunding
To contribute and Know the progress of this offer, you may visit some of the following Links:
WEBSITE: https://weidex.market/?utm_source=bitcointalk
WHITEPAPER: https://weidex.market/images/whitepaper.pdf
FACEBOOK : https://www.facebook.com/WeiDex-163716047661387/
TWITTER: https://twitter.com/weidex2
TELEGRAM: https://t.me/joinchat/IvU-mxJSkHeHzcms-S1ZYQ
My Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1662124
My ETH Adress: 0xc005AF9ffeadB3b37A73B82b7FBF230CA843369d