Cryptocurrency global market is growing every day and cryptocurrencies are becoming part of our daily lives. We currently use Ether and Bitcoin to buy mobile phones, laptops, coffee and we can also use them to buy a house in the USA. Bitcoin and Ether are more valuable and less volatile than most National currencies in some regions and there is the need for additional exchanges where people can securely and publicly trade with such asset type. We want to use the blockchain, considering the global blockchain’s philosophy. We want to have freedom, choice, security, transparency, decentralization, immutability and all other benefits of this technology.
Furthermore, most of the existing exchanges are centralized and subjected to untrusted third party. This is exactly the opposite of what blockchain offers. The only right way of exchanging crypto assets is the decentralized way. We have to develop new infrastructures, side chains, cross-chain transactions, lightning networks, but the first step is right in front of everyone – weiDex, a decentralized 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 through an automated process called smart contract. This process is known as the peer to peer transaction and the system can be achieved through a decentralized multi-signature escrow system, among other solutions that are currently being developed.
Review
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, we will also support Neo based tokens. 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. We are creating a successful user-centered design encompassing the principles of humancomputer interaction (HCI) and we 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.
Additionally, weiDex can be also used for initial token distribution. If you issue a new token, we can list and distribute it, following your own rules. The beauty of this is that the hard work about crowdsale contracts will be replaced by our exchange service thereby giving you the opportunity to make any bounty programs with our built-in referral system. Our vision is to provide the best services to our clients, from the user interface and user experience to the usability and performance. We will create a great, strong community with brave dreams like ours. Our main task to achieve our dream is to develop a decentralized technology for cross-chain transactions.
Put simply, an atomic swap (also sometimes referred to as a cross-chain swap or trade) is a nearly instantaneous exchange of one cryptocurrency to another which does not require a middleman or third party to oversee the transaction. In computer programming, atomic denotes a unitary action or object that is indivisible, unchangeable, whole, and irreducible. What this means is that either the trade will be completed in full or it will be canceled and both parties will get their coins back. During a cross-chain atomic swap, funds are locked in contracts and scripts. If both traders participate faithfully in the trade then this will have no effect on either trader. The only latency in accessing funds is the latency of network communications, and blockchain confirmations.
Token
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.
Detail Token :
· 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.
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.
· 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.
For Information Detail About projek, visit link in below :
By : Arlonk
My Bitcointalk Username : Jancuki
ETH Address : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6d
ETH Address : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6d
#WeiDex #IEO#TokenSale #startup #BountyCampaign
#Investment #Cryptocurrency #Blockchain #Exchange #Crowdfunding
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