Introduction
Today, Cryptocurrency market is growing every day globally and becoming a part of our daily lives. People currently using Ether and Bitcoin to do any purchases where they are more valuable and less volatile. There is the need for additional exchanges where people can securely and publicly trade with such asset type. So, weiDex is come up with their decentralized exchange market which guarantees high security, full transparency and open source platform. The main idea is to remove the third-party involvement in exchange or trading system. Trades occur directly between users through p2p automated process called smart contracts.
Problem
The main problem is some of the existing exchanges are still using centralized network which leads to an untrusted third-party risk. Through centralized, the challenges facing in cryptocurrency exchanges are poor liquidity, poor market regulations and longer transaction process. From this financial institutions and banking sector get benefitted because of high exchanging fees.
Solution
The solution where weiDex is come up with their decentralized exchange platform on providing full security, privacy, availability and transparency exchange process to the users. They are revolutionizing the centralized exchange network where trades must be done through the third-party involvement which leads to higher risk. So, weiDex is removing these third-party where users can trade directly through p2p network with the help of the smart contracts.
Advantages of using weiDex Platform
- Referral System – Here, you can invite your friend and get 20% of their exchange trading fee into your wallet. The more number of users you invite, the more number of bonuses you get. This is totally handled by the smart contract.
- Lower Fees – Here, weiDex is providing a cost effective and minimizing the time wastage in the trading exchange process. Users will be charged lesser amount as per the comparison with a centralized charging amount.
- Multiple Order Fulfillment – weiDex is providing user-friendly platform to trade easily. In this you can set your certain amount and their smart contract will make sure to take as many transactions as needed to fulfil your request. It is a very time consuming and cost-effective feature to the users.
- Cross-chain Transactions – This will be done through the Atomic Swap or Atomic Cross-chain Trading where exchange of one cryptocurrency to another does not require any kind of middlemen or third-party involvement.
The Team
Tito Titov – CEO – He’s having working experience in Computer Software Industry. He’s a public speaker and blockchain enthusiast. Also, having strong programming experience in JavaScript, SQL and C/C++.
Krasimir Raykov – Blockchain Architect – He’s having 5+ years of experience in System Development, Backend Development and a strong understanding of a various type of programming languages like Java, C++ and Solidity.
Rali Ralev – CTO – He’s having working experience in various companies as a Full Stack Developer and a Programmer. He did his bachelor’s degree in Computer Science Engineering.
Token Matrix
Token – WDX
Total Supply – 50 Million
Price - $0.50 USD
Hard Cap – $15M USD
Social Media Reach
Facebook – 545+ Followers – https://www.facebook.com/WeiDex-163716047661387/
Twitter – 395+ Followers – https://twitter.com/weidex2
Telegram – 665+ Members – https://t.me/weidex
Verdict
The Social Media hype is low, and they are not much active on their Telegram Group.
The Website and Whitepaper both very-well explained in detail and easy to understand.
There are 11 core members behind this project who are having strong experience and expertise in Software, Programming, Web Development, Marketing, Content Writer, Campaigning and Blockchain Technology.
They have 5 advisors on board who are also holding a position of Founder, CEO and CTO of various leading companies. They are having experience of working with many blockchain based companies. Also, having expertise in Social Media Marketing, Digital Marketing, Consulting, Law and Blockchain Technology.
The Roadmap should be explained in detailed manner and they have their milestones till 2019. The Beta release of this project will be happening in August 2018. The MVP of this project is not available.
For Detailed Information
Website – https://weidex.market/
Whitepaper – https://weidex.market/images/whitepaper.pdf?v=1.0.0
ANN Thread – https://bitcointalk.org/index.php?topic=4591905.0
Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
ETH Address – 0xA6119b0AF2EC4A3e8A64f8ADA1dBF152f06eC392