Development Update: Mainnet Launch of DEXs + New Native Tokens
Over the last three months, we have been testing various scenarios for our multi-Blockchain DEX and Basket protocol-enabled desktop trading app. We have open sourced our protocol code, and that’s available to see at https://wandx.co/docs.
Here’s what you can expect to see in the coming days
1. New native tokens
Similar to WAND (Ethereum-based) and WANDN (NEO Blockchain-based), are introducing platform-specific tokens for the Wanchain and the AION DEXs on WandX. Just like WANDN, these new tokens — WANDW (on Wanchain) and WANDA (on AION) will be staking tokens and users will be able to stake them to receive some percentage of the transaction fee generated on their respective platforms. The total supply of these tokens is 10 million each.
The WANDW and the WANDA tokens will be purely community-based tokens, where the team doesn’t retain any tokens, and all tokens are distributed to all WAND holders directly on the desktop app.
The entire lot of each token will be airdropped to the community following the WandX DEX Mainnet launch (details to be shared soon). Airdrop will be done on a 1:1 basis for those holding WAND on the WandX Desktop app.
2. DEX Mainnet Launch
The mainnet launch of the DEXs — NEO, Wanchain, and AION — is currently scheduled for March 19th, 2019. Following which we will start airdropping WANDW and WANDA tokens to all WAND holders. This way, there’s instant token utility as soon as the tokens and the DEXs are live.
Note that the mainnet launch includes making live:
- The DEXs on NEO, Wanchain, and AION;
- WandX Basket protocol on NEO, Wanchain, and AION;
- Wallets on NEO, Wanchain, and AION.
End Note:
Please note that we are shifting our focus away from the web-based exchange to developing and improving the UI of the desktop app this point onward. Though the smart contracts remain the same, we encourage you to shift to using the desktop app, for it provides a more seamless experience across DEXs on ETH, NEO, Wanchain, and AION.
Roadmap for the next 6months
- Incorporate EOS-based DEX into the app.
- Enable WAND to act as a medium of value transfer across blockchains.
- Enable atomic swaps between chains.
Once again, we thank you for your patience and support. Please do share your thoughts and comments with us on the WandX telegram group.
