Website: https://weidex.market

A decentralized exchange is an exchange market that does not need to rely on a third-party service to hold the customer's assets. Instead, the trades occur directly between users (peer to peer) through an automated process called smart contract. This system can be achieved through a decentralized multi-signature escrow system, among other solutions that are currently being developed.

weiDex is a fully featured decentralized exchange (DEX). It guarantees the highest possible security, full transparency and open source logic. The main idea behind the decentralized exchange is the removal of the third party and it doesn’t need to collect your personal data like email, name or identification number. All the logic is held by the smart contract. Hence only the users have the tendency to control their assets thereby making human mistakes very impossible. weiDex supports all Ethereum based tokens and by the end of the year, will also support Neo based tokens.

User interface

User experience (UX) focuses on having a deep understanding of users, what they need, what they value, their abilities, and also their limitations. UX is a growing field that is very much still being defined. Creating a successful user-centered design encompassing the principles of human-computer interaction (HCI) and will provide the exact needs of the customer, without fuss or bother. Next comes simplicity and elegance that produce products that are a joy to own, a joy to use.

Every operation in weiDex is absolutely secure and risk free. You can also list your own token in an easy and fast way.

Advantages WeiDex

• Referral System Program
• Low Fees
• Multiple Order Fulfillment
• Tokens Airdrop
• Cross-Chain Transactions

Referral System

Invite a friend and 20% of their exchange trading fee goes to your wallet. The number of users you invite determines the number of bonuses you will receive. This is often used strategy, hope that when have a good amount of users, will make this count grow exponentially with the referral system. This functionality is entirely handled by the smart contract and such kind of referral bonuses has never been implemented on another decentralized exchanges.

Low Fees

As compared to other platforms that require huge procedures and huge pocket cut, weiDex is cost effective and minimizes time wastage. This is because 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. Even more, after a certain amount of volume is reached, there will be no fees. For example if the daily exchange volume is 1000 ETH, then all trades will be completely free for the rest of the day.

Multiple Order Fulfillment

Want to give you the best and most user-friendly way to trade. brought to life the Multiple Order Fulfillment! This means that you can set an order for a certain amount and smart contract will make sure to take as many transactions as needed to fulfill your request, while you get charged for just one transaction. It's a very time-saving and cost-effective feature for all users.

Cross-chain transactions

Cross-chain transactions are the golden apple of project. This is one of the hardest and most difficult, unsolved problems in the blockchain technology. Have different blockchains, but they have their own ecosystem. Hope to unite them in a decentralized and secure way in order to exchange trading assets from separate blockchains. There are different solution to this problem and these solutions include side chains or atomic swaps, but offer a new innovative solution in which will use token and smart contract. Plan is described in the following example:

1. We create a WeiDex mintable token (WDX) on the Ethereum network.
2. We create a WeiDex mintable token (WDX) on the Neo network.

Goal is to transfer 1 WDX from Ethereum to Neo:

a) Burn 1 WDX on Ethereum blockchain.
b) Call smart contract function deployed on Neo blockchain with the transaction hash of the Ethereum burn transaction.
c) Check the transaction with Neo Oracle Smart Contract.
d) Mint 1 WDX on Neo blockchain if the Ethereum burn transaction is valid.
e) Successfully “transferred” 1 WDX from Ethereum to Neo blockchain.
f) The total supply of all WDX on all blockchains is still the same.

weiDex Token (WDX)

weiDex Token (WDX) has several different uses:

• 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, will provide airdrop to all WDX holders, proportionate to the amount of WDX each user has.

Specification

• Token name - weiDex
• Token symbol - WDX
• Total supply - 50 000 000 WDX
• Token type - ERC-20
• Token Decimals - 18

Distribution & Allocation

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:

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.

ROADMAP

#WeiDex #IEO #TokenSale #startup #BountyCampaign #Investment #Cryptocurrency #Blockchain #Exchange #Crowdfunding

Links:

Website: https://weidex.market
Whitepaper: https://weidex.market/images/whitepaper.pdf
Facebook: https://www.facebook.com/WeiDex-163716047661387/
Telegram: https://t.me/joinchat/IvU-mxJSkHeHzcms-S1ZYQ
Twitter: https://twitter.com/weiDexExchange
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=4638484.0

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The bitcointalk name: mreretic
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