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What is Weidex Project?

What is Weidex Project?

weiDex is an exchange market that does not need to rely on a third party service to hold the customer’s assets. Instead, the trades occur directly between users (peer to peer) through an automated process called smart contract. weiDex is a fully featured decentralized exchange (DEX). It guarantees the highest possible security, full transparency and open source logic. The main idea behind the decentralized exchange is the removal of the third party.
The main idea behind the decentralized exchange is the removal of the third party and it doesn’t need to collect your personal data like email, name or identification number. All the logic is held by the smart contract. Hence only the users have the tendency to control their assets thereby making human mistakes very impossible. weiDex supports all Ethereum based tokens and by the end of the year, we will also support Neo based tokens.

Weidex Technology:

Weidex have a lot of advantages over centralized exchanges. Most of them are about security, privacy, availability, and transparency.
Weidex also have advantages over other existing decentralized exchanges:
  • Referral System Program
  • Low Fees
  • Multiple Order Fulfillment
  • Tokens Airdrop
  • Cross-Chain Transactions

Weidex Benefits:

There are several reasons to choose weiDex over traditional centralized exchanges, including security, transparency and availability. However, weiDex is still the better option when compared to current decentralized exchanges as explained here below:
Attractive Referral System
Invite someone to start trading in weiDex and you get 20% of the trading fee directly in your wallet. There are several bonuses if you continue inviting a large number of people to join the exchange. While it may seem like a common strategy, the bonuses weiDex offers on referrals are much more lucrative as compared to what is available in similar products. Additionally, the bonuses are activated by smart contracts, which ensures prompt rewards for clients.
Amazingly Low Costs
Most crypto exchanges have built a bad reputation of charging too much commission and also requiring the use of lots of complicated procedures. Fortunately, weiDex is a straightforward decentralized exchange that is built on a fast blockchain network. It is also affordable and even allows users to pay as little as zero when they reach a certain volume. For instance, if your daily crypto exchange volume has reached 1,000 ETH, then you will not be charged for any other trades for the remaining part of the day.
Cross-Blockchain Transactions
Providing support for cross-blockchain transactions is another major benefit of using weiDex. This feature is among the most cumbersome problems right now in the field of blockchain technology. There are so many types of blockchains, with each existing within a unique ecosystem.
Luckily, weiDex can unite these different blockchains in a secure, decentralized manner and support trading between separate blockchains. Even though there are notable solutions like atomic swaps or side chains, weiDex is offering its innovative solution that involves using smart contracts and the weiDex token.
No Downtimes
The worst thing that can happen to a trader is experiencing a platform downtime due to system maintenance or any other related issues. Traders need to know that they can rely on a crypto exchange to always be available online whenever they need to transact or make quick trades. The weiDex platform is built on distributed ledgers, which minimizes the failure points and ensures better availability without any interferences.

Weidex Team:

Advisors:

Roadmap:

Toekn Sales Detail:

weiDex Token (WDX) has several different uses:
  • Users will have the chance to reduce their trading fee by 50%
  • When new tokens are listed on weiDex, they can use WDX as a payment method.
  • Users will be able to swap WDX between different blockchains e.g. ETH and NEO. In the roadmap, there is integration with Neo. After this integration is done, users will be able to trade between this platform using WDX.
  • After new tokens are listed, we will provide airdrop to all WDX holders, proportionate to the amount of WDX each user has.
Token: WDX
Total supply: 50 000 000 WDX
Token Decimals: 18
Price: 1 WDX = 0.0011 ETH
Bounty: Available
MVP/Prototype: Available
Platform: Ethereum
Accepting: BTC, ETH
Hard cap: 15,000,000 USD
Country: Bulgaria
Whitelist/KYC: KYC
Restricted areas: USA, China
For more information:
Author: tinhkhuat
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