Weidex ICO (WDX Token): Decentralized Crypto Trading Exchange

6 min readAug 7, 2018

‘WeiDex’ is an exchange market that does not need to rely on a third party service to hold the client’s assets. Instead, transactions are carried out directly between peers (peer to peer) through an automated process called smart contract. weiDex is a fully-fledged decentralized exchange (DEX). It ensures the highest possible level of security, full transparency and open source logic. The main idea of decentralized exchange is to remove the third party; it doesn’t need to collect your personal data such as email, name or ID. Here the users have a tendency to control their own assets, making human errors very impossible. weiDex now supports all kind of Ethereum based tokens and by the end of this year, it will be also support Neo based tokens.

WeiDex Vision

WeiDex is going to make decentralized exchanges widely used and the main method of transferring the crypto assets. Their vision is to provide the best services to their customers, from the user interface and user experience to usability and productivity. They will create a great, strong community with bold dreams like ours. Our main task to achieve our dream is to develop a decentralized technology for cross-chain transaction.

Benefits With WeiDex

Benefits and advantages WeiDex have over the other existing exchanges, are enlisted below

Innovation WeiDex

Multiple Orders: WeiDex want to provide you with the best and easiest way to trade. WeiDex have come to live in fulfilling multiple orders! This means you can set an order to perform as many transactions as you need while you are charged for just one transaction. This has never been done in any other decentralized exchange.

Low listing fee: WeiDex are open to the blockchain tokens. They have a great technical team, so they can enumerate new tokens within 24 hours of your request and at a really cheap price. If you have a new token, do not hesitate to contact WeiDex team.

Token airdrop: When WeiDex designate a new token, they will charge from the token creator. With this token charge, they will provide an airdrop of fresh new token for their loyal customers.

Security of WeiDex

WeiDex have many advantages over centralized exchange. Most of them are security, privacy, accessibility and transparency.

IT also have advantages over other existing decentralized exchanges:

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

Key Features

Referral System Program

If you invite a friend and 20% of their exchange trading fee will goes to your wallet.
WeiDex will make this count grow exponentially with the referral system.
This type of referral bonuses has never been implemented on any decentralized exchanges.

Low Operational Cost

WeiDex is cost effective and minimizes time wastage.
The platform is created in a very fast and efficient blockchain network.
You will be charged only with little or no amount, thus making you develop your own billing service.

Cross Chain Transactions

WeiDex will create a great ecosystem in which consumers can trade currencies in a decentralized manner (No third parties no waste of extra money)
This technology used to tackle the cross-trade problem is the atomic swap.

Multiple order fullfilment

Set an order for a certain amount and our smart contract will ensure that you will take as many transactions as you need to complete your request while charging for only one transaction.

WeiDex User Experience

User experience focuses on having a deep understanding of users, what they need, what they value, what their abilities are, and their limitations. User experience is a growing field that is still being defined. We create a successful, user-oriented design that encompasses the principles of people-to-people interactions (HCI) and will deliver the customer’s exact needs without worrying or worrying. Then comes the simplicity and elegance that produce products that are a joy for your own, a joy to use.

Every operation in weiDex is absolutely safe and without risk. You can also specify your own symbol in an easy and quick way.

In addition, weiDex can also be used for initial character propagation. If you issue a new token, WeiDex can list it and distribute it, following your own rules. The beauty of this is that hard work on crowd contracts will be replaced by our exchange service, thus enabling you to make any reward programs with our embedded referral system.

WeiDex Token (WDX)

WeiDex Token (WDX) has different uses:

Consumers will be able to reduce their trading fee by 50%
When new symbols are listed in weiDex, they can use WDX as a form of payment method.
Users will be able to exchange WDX between different blocks, e.g. ETH and NEO. The road map has integration with Neo. After this integration, users will be able to trade between this platform via WDX.
Once the new characters are listed, we will provide air to all WDX owners in proportion to the amount of WDX that each user has.

Basic Information

Unlimited / Hard Cap

Type ERC827
Tokens for sale 30,000,000
Distributed in ICO 60%
Hard Cap 15,000,000 USD

WeiDex Token

Total supply — 50 000 000 WDX
Token type — ERC-20
Token Decimals — 18

Token Distrubation

WeiDex’s intention is to allow a broad community of community members to sell tokens. WeiDex can not guarantee that all potential buyers will be able to get the desired amounts at the time of sale of tokens, with a maximum amount of approximately $ 15 million. The amount sold at the time of sale of tokens will be from a total of WDX 30,000,000.

The airdrop will appear once a month and will affect any unique address that qualifies for the volume of trade. The maximum number of characters that each unique address can receive is up to 250 WDX. That is why the first 20,000 users who meet the volume requirement will be affected by the airdrop.

The size of the team, advisory, and marketing symbols will be locked. Every 90 days, 25% of these symbols can be released. Therefore, the total amount of team, consultant, and marketing symbols will be available after one year.

Token Sale Finance Breakdown

Some of the major costs include:

Technical development costs: will mainly be allocated to employees’ salaries and the contractor’s costs of developing and securing the software.
Marketing and communication costs — attracting the attention of the target audience using slogans, packaging design, celebrity recommendations and general media exposure.
Accounting and Legal Expenses — Audit and Compliance Work within the jurisdictions where the WeiDex team works.
Office and indirect costs — office space as well as other costs related to employment.
Event hosting and sponsorship — Promote WeiDex by attending or sponsoring various events.

Roadmap of WeiDex

Team & Advisors

Website: https://weidex.market

Whitepaper: https://weidex.market/images/whitepaper.pdf

Telegram: https://t.me/joinchat/IvU-mxJSkHeHzcms-S1ZYQ

Facebook: https://www.facebook.com/WeiDex-163716047661387/?_rdc=2&_rdr

Twitter: https://twitter.com/weidex2

Bounty: https://bitcointalk.org/index.php?topic=4591905.msg41439556#msg41439556

ANN: https://bitcointalk.org/index.php?topic=3528227.0

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

Disclaimer:

This article was written to the best of our knowledge with the information available to us. We do not guarantee that every bit of information is completely accurate or up-to-date. Please use this information as a complement to your own research. Nothing we write in any of our articles is intended as investment advice nor as an endorsement to buy/sell/hold anything. Cryptocurrency investments are inherently risky so you should never invest more than you can afford to lose.

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