WEIDEX DECENTRALIZED EXCHANGE

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Weidex is the exchange of a decentralized full-featured (DEX). This guarantees the highest security, full transparency, and the logic of open source. The main idea behind the exchange that is decentralized is the removal of the third party and do not need to collect Your personal data such as email, name, or identification number. All the logic is held by the contract smart. Therefore only users who have a tendency to control their assets so as to make human error is very unlikely. Weidex support all token-based Ethereum and at the end of the year, will also support token-based Neo.
The WeiDex exchange market does not need to rely on a third partyservice to hold the customer's assets. Instead, the trades occur directly between users (peer to peer) through an automated process called smart contract.
The weiDex project aims to show and provide the world with the full power of decentralized systems and exchanges. weiDex will write the right path for all merchants, blockchain lovers and future generations. The project team dreams of total transparency, high security and peer-to-peer exchanges without unreliable third parties and high taxes. They will eliminate corruption and everything in the hands of people.
weiDex is perhaps the first decentralized exchange that incorporates an easy to use interface packed with a plethora of amazing features. https://weidex.market
The dream is to make decentralized exchanges widely used and the main method for transferring crypto assets. The vision is to provide the best services to the clients, from the user interface and user experience to the usability and performance. They want to create a great, strong community with brave dreams like theirs. The main task to achieve the dream is to develop a decentralized technology for cross-chain transactions
weiDex is an innovative new decentralized exchange. weiDex has many advantages over centralized trading. Most of them concern security, confidentiality, availability and transparency.
weiDex also has advantages over other existing decentralized exchanges:
Sponsorship System Program — Invite a friend and 20% of his currency exchange fees go to your wallet. The number of users you invite determines how many bonuses you will receive. This strategy is often used, we hope that when we have a good number of users, we will increase this number exponentially with the reference system. This feature is fully managed by the smart contract and this type of referral bonus has never been implemented on another decentralized trading center.
Low costs — Compared to other platforms requiring huge procedures and a lot of leeway, weiDex is cost effective and minimizes time wastage. Indeed, the platform is created in a network of blocks chains very fast and efficient. You will be charged little or nothing, which will allow you to deploy your own payment service. In addition, after a certain volume, there will be no charge. For example, if the daily trading volume is 1000 ETH, all exchanges will be completely free for the rest of the day.
Achieving Multiple Orders — Compared to other platforms requiring huge procedures and high cutting capacity, weiDex is cost effective and minimizes time wastage. Indeed, the platform is created in a network of blocks chains very fast and efficient. You will be charged little or nothing, which will allow you to deploy your own payment service. In addition, after a certain volume, there will be no charge. For example, if the daily trading volume is 1000 ETH, all exchanges will be completely free for the rest of the day.
WEIDEX FEATURES
Unlike other exchanges, weiDex has many amazing features that cannot be found anywhere else. A quick look below will show you why weiDex is the optimal exchange for users.
  • Functional Token Utility:

The weiDex token (WDX) has a plethora of use cases making it a must have when using weiDex. With the weiDex token, users will be able to:
  1. Reduce trading fee by 50%
  2. Participate in community voting for new token listings
  3. WDX can be used as a payment method for new tokens
  4. Swap between both the Ethereum and other smart contract platforms
  5. Hold WDX to receive airdrops

  • Multiple Order Fulfilment

The multiple order fulfilment mechanism is a unique system where users are only charged the Ethereum gas fee once when filling orders. For example, let’s assume someone has a 1000 token order. With this order, it takes ten transactions to fill. Normally, a user would be charged ten times for each transaction, with weiDex however, the user is billed only once!
  • Referral System
Users who introduce new users to the weiDex exchange via the referral system will receive 20% of that referee’s trading fee.
  • Bear/Bull Bomb

One of the most amazing features of weiDex is the Bear and Bull Bomb feature. With this feature, users will be able to convert all of their tokens instantly with the press of a button into either Ether or WDX. When the user is ready, they can press the button again and reconvert their Ether or WDX to nearly the same proportion. Why is this a wonderful feature? If a user believes their tokens will experience a sudden burst of negative volatility, they can use this feature to quickly snap out from that position and enter a more stable asset such as WDX or Ether.
  • Crumb Cleaner

It is always awkward when our wallets are filled with small particle denominations of cryptocurrencies. If you keep a highly diversified crypto portfolio, you have likely noticed that your wallets show balances similar to something like “0.0000162”. This annoyance is now a thing of the past thanks to weiDex’s “Crumb Cleaner” feature. This feature allows users to convert these small micro remnants of cryptocurrencies into WDX. By doing this, you increase your stake for future airdrops as well as trading discounts.
  • Cross-chain transactions

One of the most amazing features of weiDex is that it will offer cross-chain transactions between e.g. NEO and Ethereum tokens. With this feature users can transact between the Etheruem and other smart contract platforms. One example of this is that users could use the WDX ERC-20 token to buy Ethereum based tokens as well as NEO based tokens. This could very well be a first for the decentralized exchange industry.
  • Airdrops

When new tokens are added, weiDex token holders will receive airdrops based on how many WDX they have in their wallets. This is a great incentive to hold the WDX token.
  • Free Trades

One of weiDex’s most unique features is that it implements free trading for all users when a certain volume threshold is achieved on the exchange. For example, if the total trading volume on weiDex reaches 1000 Eth, users will be granted a free trade period. The volume threshold is dynamic of course, however, it’s amazing that users will be able to experience fee-less trading!
Token and ICO Details
Token Specification
Token name - weiDex
Token symbol - WDX
Total supply - 50 000 000 WDX
Token type - ERC-20
Token Decimals - 18
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, they will provide airdrop to all WDX holders, proportionate to the amount of WDX each user has.
Distribution & Allocation
WeiDex’s intention is to allow a broad base of community members to participate in a 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 approximately $15 million. The amount of tokens sold during the Token Sale will be from a total sale pool of 30,000,000 WDX.
For a successful token sale reaching the hard cap the intended token distribution will be as follows:
The customers will receive an airdrop based on their trading volume. The total amount of tokens that will be provided as airdrop is 5,000,000 WDX.
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