#WeiDex #IEO#TokenSale #startup #BountyCampaign #Investment #Cryptocurrency #Blockchain #Exchange #Crowdfunding
Hello Friends, am here again to discuss another wonderful project that is being launched. Let us confirm if this project passes all the required steps we use in accessing projects before making investments.
THE PRODUCT
This is a decentralized cryptocurrency exchange which I believe offers better security and represents the original idea behind cryptocurrency. WeiDex exchange offers decentralized service in a beautiful, elegant and flexible user interface (UI) with advance features and incentives. See the diagram below and see how beautiful the platform is.
Let us consider what is unique about WeiDex exchange:
- Low Trading fees: There is low trading fee for this exchange which will surely encourage people to use the exchange. In addition to this, there is a wonderful innovation that will make this platform the best and that is zero trading fee for the day as soon as 1000ETH trading volume have been reached. This shows that the team are not greedy as is the case with many exchanges.
- Cross-Chain Transaction: WeiDex plans to harmonize different blockchains in a secured and decentralized manner to enable them exchange trading assets. For instance, NEO and ETH are on different blockchains and WeiDex is building a system that will utilize decentralized oracles to connect smart contracts built on different blockchains like them. What this means is that through this platform, users can transfer asset from the NEO blockchain to the ETH blockchain and vice versa, in a secured and decentralized manner with the total quantity unaffected. This is first of its kind and will aid flexibility in the entire ecosystem. Other features avaialable in the WeiDex exchange include Atomic Swapping which is explained in detail in the whitepaper. To be honest, this product will sell as it present a new and better shift in what we know before as exchanges.
- Initial Token Distribution: This will enable people to run bounty using the WeiDex built-in referral system. This will save companies running ICOs time and resources and will be of high demand.
- Multiple Order Fulfillment: This will allow users to place multiple orders. For example, a user can set order for a certain amount and the smart contract will take many transactions as needed to fulfill the request while the user get charged for only one transaction. This is laudable and further confirm the uniqueness of this exchange.
Now that we have seen that this exchange has something unique to offer that will make it succeed, let us consider another important factor.
THE TEAM
The success of every project depends largely on the team. The WeiDex project is led by a wonderful team with superb experience in the blockchain industry and the general business world. The CEO, Tito Titov is a wonderful figure in the blockchain industry with vast knowledge in the general digital world. He is an academia and a tech inclined vibrant young man with an outstanding record in similar position in WeiChain, a Blockchain Consulting and Development Company. Tito will ensure this project comes to life. Other notable members of the team include Krasimir Rayko (Blockchain Architect) who has over 5 years experience in programming with various languages and Rali Ralev (CTO) who is a fullstack developer and proficient in script languages. Furthermore, they have Ivo Georgiev, Svetlin Nakov and Temelko Dechev as advisors. This shows that the WeiDex is in good and capable hands in terms of team. They all have clean records and are open and transparent.
THE TOKEN DISTRIBUTION
The total supply of the WeiDex token (WDX) is 50,000,000 million and this is distributed as shown below:
As can be seen in the diagram, the total allocation to the team is just 15% which shows that the team is not greedy and cannot dump on investors. Remember that any project with team holding up to 40% of the token is dangerous. There is also a lock up period for the team, advisors and marketing token and that is 25% release every 90days. So, this project passes that test and should be safe for investment. You can also see that 15% of the total supply will be committed to marketing. This is good for the project as marketing is an important activity for a project like this.
Furthermore, there is a wonderful incentive that is proposed by here which will strengthen the token and that is reserving 10% of the token for Airdrops. To qualify for Airdrop, users will be required to fulfil certain amount of trading volume per month.
MY RECOMMENDATION
As we have seen from the three parameters we use in accessing a project, the WeiDex exchange passed all so I feel an investment here is a wise decision. Furthermore, exchange projects are good for investment especially those that are bringing something new to the system. Fortunately, WeiDex exchange fall into this category so we should a rapid acceptance of this wonderful innovation. I do not see any serious competition because this exchange will be playing a pioneering role as can be seen from the product. Therefore, I suggest you visit the site and place your orders before those who sees what I saw capture it all.
For more information please use the links below:
Website: https://weidex.market/welcome/
ANN Thread: https://bitcointalk.org/index.php?topic=4638484.0
Whitepaper: https://weidex.market/images/whitepaper.pdf
This article was written by:
BTT username: nattykio
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1617655