Website: https://wcex.co
Whitepaper: https://wcex.co/whitepaper?lang=en
WCX has a very informative whitepaper. I will attempt to give a shorter overview, and my own opinions.
What is WCX?
WCX is a new digital currency exchange which will offer lower transaction fees, have it's own crypto token (WCXT), and pay a portion of it's revenue to token holders.
Key Dates
- Sep 1, 2017: Private Beta Launch
- Oct 1, 2017: ICO begins
- Oct 10, 2017: Launch. WCX opens its doors to the public
Why should you use WCX as an exchance?
- Lowest Fees: 0.1% per transaction. In addition, market makers get paid instead of being charged a fee. According to the whitepaper, "WCX fees are 4x lower than industry average and up to 10x lower than some existing exchanges."
- Well Designed: Simple, easy-to-use on all devices
- High Performance: They call their trading engine the "juggernaut" because it can process 1 million transactions per second.
- API Integration: Connect through REST, WebSocket, or FIX
The interface is fast, fluid, and easy-to-use, designed to work across devices with remarkable fidelity. It makes trading on WCX a breeze. - Security: 2-factor authentication, top-notch encryption, transport security, and 98% of customer funds are kept in cold storage at all times.
Why should you invest in the WCXT token?
- 20% of all revenue generated by WCX is automatically paid out to WCXT holders, proportional to the amount you hold.
- WCX collects fees from transactions in many digital currencies, therefore WCX holders are paid in many different digital currencies. Holding WCX is like owning a constantly growing diversified portfolio of digital currencies.
My Personal Opinion
I will never tell anyone what they should do with their money. I can, however, tell you I will be buying a modest stake of WCXT. The way I see it, there is a lot of unproven technology in the crypto space. Tons of promises that are bold and exciting, but at the end of the day are just promises with no proven business model. Exchanges, however, are a proven and reliable stream of revenue. We know that because we are constantly giving them our own money with every single transaction. WCX is not a revolutionary idea, it's just a much better version of something that we all need. I believe WCX will be successful and see substantial growth, but even if it doesn't grow much you're still getting rewarded while holding the WCXT token. Think of all the money that's been taken from you by exchanges. Now imagine being able to sit on the other end of that, and having that stream of income land in your wallet. It won't be a huge amount. You'll need to hold for a while to get significant gains most likely. But the fact that you'll be paid in a variety of different currencies makes it an even more stable investment. Typically when you get paid for staking a coin, like Stratis for example, you get paid in the same coin. This can be good, but it also means that all of your risk is still tied up in that coin. With WCXT, the longer you hold it, the more diversified (and thus safe) your portfolio becomes.
Check out the project: https://wcex.co.
Read the whitepaper: https://wcex.co/whitepaper?lang=en
Will check it out and do the research. Ty for the heads up!
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Soy trending https://steemit.com/@jhoshua1144 ya tienes mi upvote dejame tu upvote y yo te lo devolvere gracias por el apoyo,
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Thanks for the heads up sounds like a very good platform
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How does it compare to existing projects like safex.io SEC, NVO, bitshares,..?
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Will need to do a little more research into those projects to do a full comparison. But here are some differences I notice
safex.io:
nvo:
bitshares:
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Wow thank you.
Do you think that an hft high frequency trading is possible in a decentralized way? Are really needed tokens with their own value to do the swap?
I think decentralized exchanges are the last missing piece, but i'm not convinced that all the cryptos are tradeable in that way, example Monero txs aren't publically visible
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Good poste
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Thanks! I am always looking for new opportunities to trade! I will look into it more!
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THXS 4 INFO
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