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About weiDex(WDX)

What problem does weiDex solve? (or: what human need does it satisfy?) and how exactly does it do so?

To provide the most advanced decentralized exchange for our community, by encompassing superior technology, usability, advanced functionality, performance and customer service.

Key features:

• Cross-chain atomic-swap transactions. During a cross-chain atomic swap, funds are locked in contracts and scripts. If both traders participate honestly in the trade then it will be performed smoothly. If not, depending on trade conditions, funds will be sent to one of the parties;

• Multiple order fulfillment. The user can set an order and exchange smart contract will make as many transactions as needed to fulfill his request, while he will get charged for just one transaction;

• Low operational costs. Trading fees between 0,1%-0,2%. After a certain amount of trading volume (for example 1000 ETH), there will be no trading fees. Free listing for new ERC-20 tokens;

• Referral system program. If the user will invite a friend, 20% of friend’s exchange trading fee will go to the user’s wallet. The referral program is multi-level;

• Open API.

• Bear/ Bull Bomb. Users can instantly convert all of their funds to ETH or wDx with a simple press of the button. Also, users can just as easily convert that ETH or wDx back into their original token proportions.

How is the idea monetized? How do the token holders profit?

weiDex can be used for initial token distribution. When exchange lists a new token, it will require a fee from the token creators. With this token fee, the exchange will provide an airdrop of fresh new tokens for its loyal customers.

Trading fees can be reduced by 50% if the wDx Token is utilised. These Tokens will be stored in the wDx Fee address and 1% of these Tokens will be burned Bi-annually. Burning tokens supports the long term value, the decreasing supply will impact the individual Token price due to the destroyed tokens being removed from circulation.

Team

weiDex's team members.

Tito Titov

Tito Titov

CEO

Linkedin
Krasimir Raykov

Krasimir Raykov

Co-Founder, Blockchain Architect

Linkedin
Pavel Angelov

Pavel Angelov

Full Stack Developer and Co-Founder

Linkedin

Roadmap


 
August 2017 Idea conceived for Building weiDex Decentralized exchange
September 2017 Assembly of initial team
December 2017 Detailed specification for weiDex exchange formulated
February 2018 weiDex initial development begins
May 2018 Coordinated marketing campaign begins
June 2018 First 10 Tokens accepted for listing
July 2018 Partnered with ICOM group
August 2018 weiDex Beta release launched
August 2018 Agile software development continues
September 2018 weiDex official full exchange release
September 2018 weiDex referral scheme launched
September 2018 Updated detailed roadmap released
September 2018 Post Token sale listing requirement details released
October 2018 Targeted 20 new Token listing agreements
Q4 2018 weiDex Private sale
Q4 2018 weiDex Public sale
Q4 2018 Listing weiDex utility token and airdrop released for community
Q1 2019 Idea conceived for Building weiDexDecentralized exchange
Q1 2019 weiDex Token listed on cMc
Q1 2019 Reach 10k-20k active traders
Q1 2019 Reach 50 Tokens listed on exchange
Q1 2019 Release Bull/Bear bomb & crumb cleaner
Q2 2019 New smart contract platforms integrated with weiDex
Q3 2019 Launch of weiDex mobile apps
Q3 2019 Release cross-chain atomic swaps
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Quick notes

Tokenomics

Token Info

Available tokens: 60% Price: $0.55 Hard Cap: $1,500,000 Buy with: ETH, BTC Platform: Ethereum Location: Bulgaria Restricted: China, USA

Other Info

MVP/Prototype: Yes Escrow: Yes Category: Exchange & Trading

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What problem does weiDex solve? (or: what human need does it satisfy?) and how exactly does it do so?

To provide the most advanced decentralized exchange for our community, by encompassing superior technology, usability, advanced functionality, performance and customer service.

Key features:

• Cross-chain atomic-swap transactions. During a cross-chain atomic swap, funds are locked in contracts and scripts. If both traders participate honestly in the trade then it will be performed smoothly. If not, depending on trade conditions, funds will be sent to one of the parties;

• Multiple order fulfillment. The user can set an order and exchange smart contract will make as many transactions as needed to fulfill his request, while he will get charged for just one transaction;

• Low operational costs. Trading fees between 0,1%-0,2%. After a certain amount of trading volume (for example 1000 ETH), there will be no trading fees. Free listing for new ERC-20 tokens;

• Referral system program. If the user will invite a friend, 20% of friend’s exchange trading fee will go to the user’s wallet. The referral program is multi-level;

• Open API.

• Bear/ Bull Bomb. Users can instantly convert all of their funds to ETH or wDx with a simple press of the button. Also, users can just as easily convert that ETH or wDx back into their original token proportions.

How is the idea monetized? How do the token holders profit?

weiDex can be used for initial token distribution. When exchange lists a new token, it will require a fee from the token creators. With this token fee, the exchange will provide an airdrop of fresh new tokens for its loyal customers.

Trading fees can be reduced by 50% if the wDx Token is utilised. These Tokens will be stored in the wDx Fee address and 1% of these Tokens will be burned Bi-annually. Burning tokens supports the long term value, the decreasing supply will impact the individual Token price due to the destroyed tokens being removed from circulation.

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