Careful, this might well be a scam.
- They claim no regional regulations or KYC laws apply because they do not handle fiat
- Their roadmap mentions fiat implementation for 2018
- It won't be a truly decentralized platform. Also the liquidity is not ensured.
- There claims about their fees being "x10" lower than other exchanges are simply false
- They seem to be able to predict their trading volume suspiciously accurate
- They rely on referral links, sign-up bonuses and heavy advertising
Watch out!
Interesting, where are you getting this information?
I studied their website, whitepaper and roadmap a few weeks ago when I signed up for the 50 free tokens.
I cannot refer to the specific sections anymore from the top of my head but those were topics that seemed like red flags to me.
I'm not saying they have bad intentions, I just want to point out some flaws with the project as it stands.
Edit: just double checked
Example: on their homepage they state "Global & Anonymous. Start trading wherever you are in the world – no ID verification required. WCX operates entirely with digital currency and does not deal with banks". In their whitepaper they mention a fiat implementation.
Sure, I wasn't expecting you to quote exact paragraphs. While I understand what you are saying, i think that a lot of the points you are stating could also point to what a decentralised trading platform has to be like. And while it isn't fully decentralised (nor is Steemit) it is still way more so than other exchanges. You can't have a decentralised platform and maintain insured funds, for example.
Either way thank you for your contribution, it is never incorrect to be cautious, that's for sure!