Every investor is looking for a simple and reliable app for trading. The interface of such apps usually is complicated and it’s insecure to use them. The creators of WorldEx have created a simple and effective platform with Knowledge portal, a webpage with experienced traders’ pieces of advice and market analytics, taking into account all these demerits.
Picture 1. WorldEx is a simple cryptocurrency exchange with embedded exchanger
What is WorldEx?
The ideas of the developers are to increase trust in cryptocurrency assets, to make trading profitable, clear and secure. The app includes the main functions.
● Trading platform allows to sell and purchase assets paying commissions from each operation, and get income from rate fluctuations.
● Direct Platform is an instrument for direct asset trading without the intermediation of the exchange. Users negotiate the price and hold transactions paying WorldEx 0,15% from each operation.
● Brokers are cryptocurrency exchangers embedded into WorldEx. They allow users to convert assets quickly and with minimal commissions on the exchange.
● Verification is an order of users’ registration. WorldEx uses the voice and photo identification of users follows the KYC and AML procedures (the analysis of participant’s personal information and countering money laundering in the crypto business).
Picture 2. Peculiar features of WorldEx: a referral program, clients’ support, a clear interface translated to several languages
According to Whitepaper, you can deposit funds on the exchange through web services (for example, PayPal) and hardware wallets. Such an approach provides the flexibility of the platform (everybody deposit funds as he likes) and the security of data (keys can be stored in private “flash cards”, so-called hardware wallets).
How does WorldEx work?
The app is created on the basis of LAMP technology. The developers utilize open programs for WorldEx configuration taking into consideration new tendencies and users’ requests.
WorldEx is based on 4 principles:
- Security. WorldEx World Ex complies with ISO 27001 and 27002 information security standards, so users can store large amounts of cryptocurrency funds without fear of theft or hacker attacks. Login to the app and transactions are approved by two-factor authentication, a confirmation code is send is sent by SMS and is valid for 30 seconds only.
- Cross-platform. WorldEx has a web client for the work on desktop PCs, apps for iOS and Android OS smartphones, an open API server for developers, HTML5 client for mobile devices. Each version an interface in several languages (Chinese inclusive), the release of the app will be in English.
- Adaptivity. The developers use SDK (Software Development Life Cycle) - a model of app development according to users’ requirements. New functions, interface, and design are added after traders’ recommendations, WorldEx is constantly improving.
- Scalability. According to Whitepaper, the developers of the exchange take into account the fast growth of WorldEx audience. The stability of the system is provided by separate servers for database, trading sessions, exchange operations, API.
Picture 3. The WorldEx app on the screen of a PC: the ability to exchange several cryptocurrencies, to withdraw income
The developers are planning to launch Spot and Margin Trading services for daily and margin asset trading. In Whitepaper the importance of decentralized currency exchange protecting people from unauthorized commissions, "freezing" of funds and lingering withdrawal of received funds.
How is the ICO of WorldEx going? What will be with the project next?
The developers issued 100 million WDX tokens. They are planning to raise $10 million (Hard Cap). The good news for investors is that all issued tokens will be in circulation:
● 50% of WDX tokens are planned to be sold in the ICO among investors;
● 40% - for the team founders and project developers;
● 10% - for «Angel investors», the first investors of the project.
Raised funds will be spent in proportion:
● 35% compensate the costs of the future development of the WorldEx platform, employment, and training of stuff.
● 50% are planned to invest in a marketing company and the promotion of the project in the market.
● 15% is a reserve fund of the project created for compensation of unexpected costs.
MVP of the project and program codes are available on the official website, the apps are tested in AppStore and GooglePlay before the forthcoming publication.
Summary
The WorldEx exchange is a simple app for cryptocurrency trading with an open code and SDLC technology adapting the platform to the market realities. The developers have adapted the program to several platforms, installed a common commission for operations (0,15%) and held the ICO to raise the promo budget of the project.
Picture 4. The procedure of the withdrawal of funds through the WorldEx app: each transaction has its own link or QR code.
Why is WorldEx good for investors? There are an opened program code, the MVP, and the ability of the further adaptation of the platform to the market needs.
Will the project succeed? There are more than 5 thousand investors and referrals in the project who invested in the exchange development.