weiDex (ICO): A Decentralized Exchange for Cryptocurrency

in #ico • 6 years ago (edited)

                       

Overview

weiDex is a decentralized exchange which is aiming to remove the third parties involved in centralized exchanges. It is developing a decentralized platform where the assets of the traders are no longer held by third party. 

The users can now directly trade with each other with the help of decentralized multi-signature escrow system provided by weiDex. Since the third party or intermediaries are eliminated the need for giving personal data of users is no longer required. weiDex also prevents data loss as the data will not be stored at one place but it will be distributed across different network. 

Why Weidex is better than other popular centralized crypto exchanges?

This platform is being introduced especially to endorse the benefits of a decentralized crypto exchange to the crypto investors across the globe. Cryptocurrency investors have waited a lot to find an exchange that can offer a complete transparency while trading. 

People need a P2P crypto exchange where they can avoid the middleman type entities and trade directly with another trader. Weidex will allow P2P trading on its exchange that is going to revolutionize the way cryptocurrencies are exchanged till the date. It will be the consumer who will regain the power and gain the maximum share of a profitable exchange.

Things that make Weidex a lucrative crypto exchange

First and most important feature that makes Weidex quite lucrative is its decentralized nature. It maintains complete transparency, security, and availability of crypto assets while you are trading. Other things that make it so lucrative are as follows:

  • Extremely low-cost trading:

Centralized crypto exchanges cost a lot whenever a user tries to trade his crypto assets. It frustrates the users and reduces their interest in crypto trading. Weidex is charging very low cost fees for its services. The transactions will take place fast and user will enjoy fast trading service.

  • Cross-blockchain transactions:

Weidex enables cross-blockchain transactions across various different types of blockchain with diverse ecosystems. The developers have found a way of uniting different blockchains in a decentralized and secure manner to support trading. Apart from other solutions, Weidex has invented an innovative way of supporting cross-blockchain transactions by using smart contract and its native tokens.

  • Incentives for referrals:

You can earn the Weidex tokens for free if you invite new traders to join this platform. You will earn 20% of all the trade your invited traders will make on this platform.

  • Always active:

System maintenance and other issues cause downtimes because of which traders miss a great opportunity of trading their assets. Weidex claims that there will be no downtime at all and this platform will be active 24-7, throughout the year.

  • Final thoughts:

Weidex has made several lucrative claims. It has technology that backs its claims and therefore it can offer what the founders have claimed. Therefore, it can be a lucrative platform to make an investment. 

weiDex Token

• Token name – weiDex

• Token symbol – WDX

• Total supply – 50 000 000 WDX

• Token type – ERC-827

• Token Decimals – 18WeiDex can not guarantee that all prospective buyers will be able to get the allocation they want during the Sale Token, where the maximum limit is about $ 15 million.That number of tokens sold during Token Sales will come from total pool salesfrom 30,000,000 WDX.

For successful token sales reach the intended token hard cap

distribution will be as follows: 

 

Roadmap

Verdict

Pros:
• The team behind this project has experience in computer software, cloud integration, web development, marketing etc.
• There are 5 advisors for this project having background of marketing, business development, software development etc.
• The whitepaper of this project is written in simple language and is easy to understand.

Cons:
• The team members and advisors do not have blockchain background.
• The information about the partnership is not given on the website and whitepaper.
• The MVP of this project is not yet available. 

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

For more information, visit the link below:

6 years ago in #ico by
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