WandX is a decentralized platform on Ethereum for creating and trading financial instruments on ERC20 tokens. The platform is powered by its proprietory Basket protocol that allows for “bundling of tokens” on and for a smart contract-enabled trade.
The WandX decentralized exchange itself is an entirely peer-to-peer platform, community led and driven. Presently, the platform supports top ERC20 tokens of the world and lists tokens for free, within 48 hours and in 3 easy steps. Presently there are more than 140 tokens listed on the WandX marketplace.
Criteria for listing tokens on WandX
To get listed on the WandX marketplace, fill out a short Google form with details of your token. Once submitted, your token is reviewed for the quality, credibility, technology, and the founding team. To be precise, we pay attention to
An active community: A strong and active community [on telegram] is a requisite for a token to be listed on WandX exchange.
Robustness of the Code: Quality of development work and having a robust code is essential.
Project’s development stage: Does the project exist only on paper, as a beta or is there a ready platform for test and review?
The Whitepaper: A well written white paper gives a clear picture of the project, it’s mission and visions, the roadmap and also the technical aspects involved in achieving it.
The Team: A strong team with a proven record of success is a solid indicator of a token’s potential and the project’s prospects.
How to fill the token listing form?
While simple enough, we urge you to ensure you enter all the correct details and to always double check the token address before submitting the form.
Link to the form: https://goo.gl/trWd4c
Must-know: WandX’s Basket Protocol
WandX has successfully launched its basket protocol on to the main Ethereum network allowing users to now create and trade in baskets of ERC20 tokens captured as smart contracts.
Baskets are customized bundles of ERC20 tokens, specified by the user. For example, an owner some ERC20 tokens could create a Basket with 100 WANDs, 1000 EOS and 100 LRC on a smart contract. With the creation of this Basket, the user would now be the owner of the smart contract that contains these tokens, tradable and liquidatable like any token on an exchange.