WEIDEX (WDX) ICO REVIEW | DECENTRALIZED CRYPTO TRADING EXCHANGE

nasirulislam (28)in #weidex • 6 years ago

Thats right, we’ll introduce you regarding weiDex. many benefits are planned and ready for the convenience of your trade. A localised exchange is AN exchange market that doesn’t got to have faith in a third-party service to carry the customer’s assets. Instead, the trades occur directly between users (peer to peer) through an automatic method known as good contract. this technique are often achieved through a localised multisignature written agreement system, among different solutions that are presently being developed.

About WEIDEX
Wei Dex – TURN YOUR WEI TO ETHERS Decentralized Exchange. WeiDex is an innovative new decentralized exchange.

Problem
The main problem is some of the existing exchanges are still using centralized network which leads to an untrusted third-party risk. Through centralized, the challenges facing in cryptocurrency exchanges are poor liquidity, poor market regulations and longer transaction process. From this financial institutions and banking sector get benefitted because of high exchanging fees.

Solution
The solution where weiDex is come up with their decentralized exchange platform on providing full security, privacy, availability and transparency exchange process to the users. They are revolutionizing the centralized exchange network where trades must be done through the third-party involvement which leads to higher risk. So, weiDex is removing these third-party where users can trade directly through p2p network with the help of the smart contracts.

Advantages of using weiDex Platform
Referral System – Here, you can invite your friend and get 20% of their exchange trading fee into your wallet. The more number of users you invite, the more number of bonuses you get. This is totally handled by the smart contract.
Lower Fees – Here, weiDex is providing a cost effective and minimizing the time wastage in the trading exchange process. Users will be charged lesser amount as per the comparison with a centralized charging amount.
Multiple Order Fulfillment – weiDex is providing user-friendly platform to trade easily. In this you can set your certain amount and their smart contract will make sure to take as many transactions as needed to fulfil your request. It is a very time consuming and cost-effective feature to the users.
Cross-chain Transactions – This will be done through the Atomic Swap or Atomic Cross-chain Trading where exchange of one cryptocurrency to another does not require any kind of middlemen or third-party involvement.

GET THESE BENEFITS WITH
We are here to provide the best and the most transparent trading service! To the right you can see a few of our benefits and advantages we have over the other existing exchanges.

DECENTRALIZED : All assets and trading logic stored on the blockchain. No manipulation possible.
REFERRAL SYSTEM BONUS : Invite a friend and 20% of their exchange trading fee goes to your wallet.
OPEN API : Connect and use our functionalities from remote systems.
LOW FEES : Between 0.1% – 0.2%. Also, cheap listing fees for new ERC20 tokens.
HIGH AVAILABILITY : We are running 24/7, 365 days a year. No downtimes or system maintenance periods.
PROFESSIONAL SUPPORT : 24-hour support and fast response to any existing problems.

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, we 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-827 (extended ERC20)
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:

Our 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. The airdrop will occur once a month and will affects every unique address
that meets the trading volume conditions. The maximum amount of tokens
each unique address can receive is up to 250 WDX. Therefore, the first
20 000 users that meet the trading volume requirement will be affected by
the airdrop.
The amount of tokens for the team, the advisory board and the marketing
will be locked. Every 90 days 25% of these tokens can be released.
Therefore, the total amount of tokens for the team, advisors and marketing
will be available after one year.

Token Sale Finances Breakdown
The majority of funds will be to continue the research & development of the
exchange, while the remaining portion will be used to raise awareness
about the decentralized exchange.
Some of the key costs include:

Technical Development Costs – will mainly be allocated to employee
salaries and contractor costs for developing and securing the
software.
Marketing and Communication Costs – getting the attention of target
audiences by using slogans, packaging design, celebrity
endorsements and general media exposure.
Accounting and Legal Costs – for the work associated with auditing
and compliance within the jurisdictions the WeiDex team operate in.
Office and Indirect Costs – for office space as well as other
employment related costs.
Event Hosting and Sponsorship – to spread awareness about WeiDex
through attending or sponsoring various events.

Roadmap