weiDex DECENTRALIZED EXCHANGE
ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: WeiDex. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
Weidex is the exchange of a decentralized full-featured (DEX). This guarantees the highest security, full transparency, and the logic of open source. The main idea behind the exchange that is decentralized is the removal of the third party and do not need to collect Your personal data such as email, name, or identification number. All the logic is held by the contract smart. Therefore only users who have a tendency to control their assets so as to make human error is very unlikely. Weidex support all token-based Ethereum and at the end of the year, will also support token-based Neo.
The WeiDex exchange market does not need to rely on a third partyservice to hold the customer's assets. Instead, the trades occur directly between users (peer to peer) through an automated process called smart contract.
The weiDex project aims to show and provide the world with the full power of decentralized systems and exchanges. weiDex will write the right path for all merchants, blockchain lovers and future generations. The project team dreams of total transparency, high security and peer-to-peer exchanges without unreliable third parties and high taxes. They will eliminate corruption and everything in the hands of people.
weiDex is perhaps the first decentralized exchange that incorporates an easy to use interface packed with a plethora of amazing features. https://weidex.market
The dream is to make decentralized exchanges widely used and the main method for transferring crypto assets. The vision is to provide the best services to the clients, from the user interface and user experience to the usability and performance. They want to create a great, strong community with brave dreams like theirs. The main task to achieve the dream is to develop a decentralized technology for cross-chain transactions.
Cryptocurrency seems to be the latest technological trend that many investors are recently focusing on. Cryptocurrency trading also comes with its own challenges and these challenges arise because of the nature of the market and the fact that it uses blockchain technology, a decentralized approach, and platform.The challenges in cryptocurrency exchange have been a major setback to the growth of the industry and this points to the reason why the market is not globally adopted so far. Poor liquidity, poor market regulations, long process of compliance and complex integration are some of the challenges plaguing cryptocurrencies. Financial Institutions and banking sector benefits from these factors and government are planning to legalize the digital currencies.
With WeiDex, having stated that the platform will have both advantages of centralized and decentralized exchanges. However, centralized exchanges are known for its easy to use, easy to access (availability) and transparency. As a decentralized exchange, WeiDex also have advantages over other existing decentralized exchanges.
FEATURES OF weiDex
Unlike other exchanges, weiDex has many amazing features that cannot be found anywhere else. A quick look below will show you why weiDex is the optimal exchange for users.
Functional Token Utility:
The weiDex token (WDX) has a plethora of use cases making it a must have when using weiDex. With the weiDex token, users will be able to:
Reduce trading fee by 50%
Participate in community voting for new token listings
WDX can be used as a payment method for new tokens
Swap between both the Ethereum and other smart contract platforms
Hold WDX to receive airdrops
Multiple Order Fulfilment
The multiple order fulfilment mechanism is a unique system where users are only charged the Ethereum gas fee once when filling orders. For example, let’s assume someone has a 1000 token order. With this order, it takes ten transactions to fill. Normally, a user would be charged ten times for each transaction, with weiDex however, the user is billed only once!
Users who introduce new users to the weiDex exchange via the referral system will receive 20% of that referee’s trading fee.
One of the most amazing features of weiDex is the Bear and Bull Bomb feature. With this feature, users will be able to convert all of their tokens instantly with the press of a button into either Ether or WDX. When the user is ready, they can press the button again and reconvert their Ether or WDX to nearly the same proportion. Why is this a wonderful feature? If a user believes their tokens will experience a sudden burst of negative volatility, they can use this feature to quickly snap out from that position and enter a more stable asset such as WDX or Ether.
It is always awkward when our wallets are filled with small particle denominations of cryptocurrencies. If you keep a highly diversified crypto portfolio, you have likely noticed that your wallets show balances similar to something like “0.0000162”. This annoyance is now a thing of the past thanks to weiDex’s “Crumb Cleaner” feature. This feature allows users to convert these small micro remnants of cryptocurrencies into WDX. By doing this, you increase your stake for future airdrops as well as trading discounts.
One of the most amazing features of weiDex is that it will offer cross-chain transactions between e.g. NEO and Ethereum tokens. With this feature users can transact between the Etheruem and other smart contract platforms. One example of this is that users could use the WDX ERC-20 token to buy Ethereum based tokens as well as NEO based tokens. This could very well be a first for the decentralized exchange industry.
When new tokens are added, weiDex token holders will receive airdrops based on how many WDX they have in their wallets. This is a great incentive to hold the WDX token.
One of weiDex’s most unique features is that it implements free trading for all users when a certain volume threshold is achieved on the exchange. For example, if the total trading volume on weiDex reaches 1000 Eth, users will be granted a free trade period. The volume threshold is dynamic of course, however, it’s amazing that users will be able to experience fee-less trading.
Token name - weiDex
Token symbol - WDX
Total supply - 50 000 000 WDX
Token type - ERC-20
Token Decimals - 18
WeiDex’s intention is to allow a broad base of community members to participate in a Token Sale. WeiDex cannot guarantee that all prospective purchasers will be able to acquire their desired allocations during the Token
Sale, where the maximum cap will be approximately $15 million. The amount of tokens sold during the Token Sale will be from a total sale pool of 30,000,000 WDX.
For a successful token sale reaching the hard cap the intended token distribution will be as follows:
The customers will receive an airdrop based on their trading volume. The total amount of tokens that will be provided as airdrop is 5,000,000 WDX.
BENEFITS TO TOKEN HOLDERS
Users will have the chance to reduce their trading fee by 50%
When new tokens are listed on weiDex, they can use WDX as a payment method.
Users will be able to swap WDX between different blockchains e.g. ETH and NEO. In the roadmap, there is integration with Neo. After this integration is done, users will be able to trade between this platform using WDX.
After new tokens are listed, they will provide airdrop to all WDX holders, proportionate to the amount of WDX each user has.
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
The dream of this project is to make decentralized exchanges widely used and the main method for transferring crypto assets. The vision is to provide the best services to the clients, from the user interface and user experience to the usability and performance. They want to create a great, strong community with brave dreams like theirs. The main task to achieve the dream is to develop a decentralized technology for cross-chain transactions. Be a part of this tremendous project and follow these links for more information;