WeiDex Decentralized Exchange


Cryptocurrencies, blockchain, and decentralization are the three key factors for the technological-financial revolution. Decentralizing platforms, specifically cryptocurrency exchanges, is the next step in building the cryptocurrency ecosystem. Currently, the largest exchanges are centralized and we are starting to see issues regarding transparency and security in the centralized infrastructures.

That is why decentralized exchanges are a necessity and will be a viable competitor to centralized ones. WeiDex is working on creating a top tier, full featured decentralized exchange (DEX) that will allow secure, immutable, and transparent trading with out the need for 3rd parties. WeiDex currently supports all Ethereum based tokens (ERC20) and will support NEO (NEP5) tokens by the end of the year.

Similar to popular centralized exchanges, WeiDex has a sleek, easy-to-use user interface with the ability to place limit or market orders, see the trade history as well as informative graphs, and allow users to make multiple order fullfillments on a trade while only paying 1 order fee. .

One of the main benefits of decentralized and centralized exchanges are the ownership of private keys. As Andreas Antonopoulos says, “Your keys, your Bitcoin. Not your keys, not your Bitcoin”. Centralized exchanges are the owner of the private keys for your funds if they are being held on their exchange. This can be problematic for instances where exchanges get hacked or when people get unfairly suspended and locked out from their funds being held on the exchange.

With Weidex, your private keys are always yours, until you make a trade. All users need to do is securely connect their crypto wallets to the exchange and they can trade directly from their wallet. When you’re finished trading, you just disconnect your wallet and your private keys and funds are truly yours and not at the mercy of an exchange.

Another benefits of Weidex is that it will be easy for tokens to be listed and distributed. Popular centralized exchanges charge exorbitant listing fees and may pick and choose what they want to list for whatever reasons. Crowdsale contracts can be replaced by Weidex exchange’s service and bounty programs and airdrops can be easily implemented through the built-in referral program. Coins can truly operate as they’re meant to since there is no central power to jump through hoops for.

WeiDex will have a network token (WDX) similar to Binance’s BNB and KuCoins KCS. WDX will reduce trading fees by 50% and can be swapped between different blockchains (Ethereum & NEO). When new tokens are listed on weiDex they can use WDX as a payment method and in addition to new listings, weiDex users who hold WDX will receive airdrops of the listed coins with the amount determined by how many WDX the user holds. WDX is an erc20 token that will have a total supply of 50,000,000 WDX.

The allocation for the WDX supply include 60% for sale and presale, 10% for marketing, 10% for airdrops, 4% will goto advisors, 1% for bounties, and 15% will be locked and held by the team.

An airdrop will happen once a month for weiDex users based on their trading volume. Users can receive up to 250 WDX airdropped if they meet the trading qualifications.

Token Sale Information

There will be 30,000,000 WDX available for sale during the token sale with a soft cap goal of $1.5 million and hard cap at $12.5 million. Any unsold tokens will be burnt in additional to a continual token burn policy that will eventually reduce the total supply from 50,000,000 to 25,000,000.

The token sale will start with the launch of the exchange in September (mid to late). More announcements will be made soon so be sure to visit the official weiDex website https://weidex.market/welcome and follow weiDex on Twitter.

Check out the beta version of weiDex exchange. https://weidex.market/exchange

Read the weiDex white paper and lite paper.

Check out the beta version of weiDex exchange. https://weidex.market/exchange

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

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