WEIDEX-WEIDEX-DECENTRALIZED EXCHANGE (ICO REVIEW)

The name weiDex comes from the smallest denomination Ethereum's Ether token,known as "Wei", "Dex" stands for decentralized exchange.Before we discuss weiDex further, it is important to first determine what decentralized exchange is. A decentralized exchange (DEX) is the exchange of crypto currencies that do not rely on third party services to store customer assets or information.Conversely, trade in decentralized exchanges is completed directly between users (peer to peer) through an automated process with the application of smart contracts.This is further achieved thanks to the use of a decentralized multi-signatures escrow system that makes exchanges safe,secure and efficient.

WeiDex is a full featured decentralized exchange.This guarantees maximum standards of security, transparency and open source logic. The main idea behind decentralized exchange is the removal of third party intermediaries.With its removal, decentralized exchanges do not require personal information such as names,addresses,and other personal information.With weiDex, users will enjoy a number of additional features not found on other exchanges such as double order fulfillment, Bull / Bear Bomb, Crumb Cleaner, high reference air reference systems, and our favorite cross-chain transactions for Ethereum and other Smart Contract platforms and atomic exchange across chains.

PRODUCT
Benefits

• Secure
• Transperant
• Airdrops
• Experience
• Clean and simple user interface
• Convert assets to or from Ether/WDX instantly

Features

• Cross-chain atomic swaps– cross-chain transactions between Ethereum and other Smart Contract platforms
• Token with functional utility– used for community votes, airdrop participation, discount on fees, and trading
• Occasional fee less trade periods
• Bear/Bull Bomb
• Crumb Cleaner

TOKEN WEIDEX

• Token name : weiDex
• Token symbol : WDX
• Token supply ; 50 000 000 WDX
• Token type : ERC-20
• Token Decimals : 18
• Soft cap : $1.5 Million
• Hard cap: $12.5 Million
• Token Price Pre-sale: $0.40
• Token Price IEO or Sale: $0.55

DISTRIBUTION & ALLOCATION

WeiDex’s intention is to allow a broad base of community members to participate in the 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 $12.5 Million.The amount of tokens sold during the Token Sale will be from a total sale pool of 30,000,000 WDX. Any unsold Tokens over the Softcap from the IEO will be burned, additionally a continual token burn policy has been implemented that will reduce the total supply by 50%, from 50,000,000 Tokens to 25,000,000 Tokens.Trading fees can be reduced by 50% if the WDX Token is utilised. After reaching the hard cap, the intended token distribution will be as follows:

BREAKDOWN OF TOKEN SALE FINANCES

• Technical Development Costs  – Will mainly be allocated to employee salaries and contractor costs for developing and securing the software.
• Marketing and Communication Costs  – These funds will be used to raise the profile of weiDex in targeted online and offline communities by implementing marketing campaigns using a variety of mediums including sponsorships and endorsements, media outreach, key industry influencer recruitment and other methods as appropriate.
• Accounting and Legal Costs   – Associated costs regarding auditing and compliance within the jurisdictions of our project.
• 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 and sponsoring various events.

The weiDex token (WDX) has several different uses:

• Users can reduce their trading fee on the exchange by 50%
• When new tokens are listed, they can use WDX as a payment method
• Users will be able to swap WDX between different blockchains e.g. Ethereum and Aeternity
• After new tokens are listed, we will provide an airdrop to all WDX holders, proportionate to the amount of WDX each user has
• Users will be able to participate in community token voting events to list their favorite projects on weiDex

GET THESE BENEFITS WITH WEIDEX

We are here to provide the best and the most transparent trading service! To the right you can see a few of our benefits and advantages we have over the other existing exchanges.

1. DECENTRALIZED: All assets and trading logic stored on the blockchain. No manipulation possible.
2. REFERRAL SYSTEM BONUS: Invite a friend and 20% of their exchange trading fee goes to your wallet.
3. OPEN API: Connect and use our functionalities from remote systems.
4. LOW FEES: Trading fee - 0.1% and No listing fee for new ERC20 tokens.
5. HIGH AVAILABILITY: We are running 24/7, 365 days a year. No downtimes or system maintenance periods.
6. PROFESSIONAL SUPPORT: 24-hour support and fast response to any existing problems.

ROADMAP

Team & Advisor

Conclusion

With an amazing team, lots of features and an easy-to-use interface, weiDex is set to become an industry leader in cryptocurrency exchange. What is truly remarkable about weiDex is that it not only corrects the shortcomings of centralized and decentralized exchanges, but also adds the function of tokens and the various practical features that users are sure to like. Without doubt, weiDex will not only be a benchmark for future exchanges, but as a new exchange for cryptocurrency and blockchain users.

All the important information about WEIDEX project can be found here:

• Website : https://www.weidex.market/
• Whitepaper : https://weidex.market/images/whitepaper.pdf
• Telegram : https://t.me/joinchat/IvU-mxJSkHeHzcms-S1ZYQ
• Facebook : https://www.facebook.com/WeiDex-163716047661387/
• Twitter: https://twitter.com/weidex2
• Telegram: https://t.me/joinchat/IvU-mxJSkHeHzcms-S1ZYQ

Author: ardibimbim
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1446175
My ETH: 0xcE84a75540510467B4915692B6ebD1e1b9E3aa93