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WeiDex - Full-featured Decentralized Exchange

farid(13)

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Hello Everyone, I will introduce the project about WeiDex, If you are willing to join the WeiDex project, let's go to the following discussion:

The global Cryptocurrency market is growing every day and cryptocurrency is a part of our daily lives. We currently use Ether and Bitcoin to buy cellphones, laptops, coffee and we can also use them to buy homes in the US. Bitcoin and Ether are more valuable and more volatile than most national currencies in some regions and there is a need for additional exchanges where people can trade safely and openly such types of assets. We want to use blockchain, considering the global blockchain philosophy. We want to have freedom, choice, security, transparency, decentralization, eternity and all the other benefits of this technology.

What is weiDex?
First of all, explain what is meant by decentralized exchange. Decentralized exchange is an exchange market that does not need to depend on third-party services to hold customer assets. Conversely, trade occurs directly between users (peer to peer) through an automated process called smart
contract. This system can be achieved through a decentralized multisignature of the escrow system, among other solutions currently being developed.

weiDex is a full featured decentralized exchange (DEX). This ensures the highest possible security, full transparency, and open source logic. The main idea behind decentralized exchange is the removal of the third party and does not need to collect your personal data such as e-mail, name, or identification number. All logic is held by smart contracts.

Only that the user has a tendency to control their assets so that makes human
error very unlikely. weiDex supports all Ethereum-based tokens and by the end of the year, we will also support Neo-based tokens.

WeiDex User Experience

User experience (UX) focuses on a deep understanding of users, what they need, what they value, their abilities, and also their limitations. UX is a growing field that is still widely defined. We create a successful user-centered design that includes the principles of humancomputer interaction (HCI) and we will provide the right needs of customers, without hassle or distraction. Next comes the simplicity and elegance that produces products that are fun to have, fun to use.

Every operation at weiDex is completely safe and risk free. You can also register your own tokens in an easy and fast way. In addition, weiDex can also be used for the distribution of the initial token. If you issue a new token, we can register and distribute it, following your own rules.

Our vision
"If you don't like how things are, I change! You are not a tree. "

Our vision is to provide the best service to our clients, from the user interface and user experience to usability and performance. We will create a great and strong community with brave dreams like ours. Our main task to achieve our dream is to develop decentralized technology for cross-chain transactions.

The benefits of weiDex

DECENTRALIZATION

All assets and trading logic are stored on the blockchain. Manipulation is not possible.

REFERENCE SYSTEM BONUS

Invite friends and 20% of their exchange trading fees go to your wallet.
OPEN API

Connect and use our functions from the remote system.
LOW COST

Between 0.1% - 0.2%. Also, the listing fee is cheap for the new ERC20 token.
HIGH AVAILABILITY

We run 24/7, 365 days a year. There is no downtime or system maintenance period.
PROFESSIONAL SUPPORT

24 hour support and quick response to existing problems.

WeiDex INNOVATION
Some orders

We want to provide you with the best and easiest way to trade. We were taken to undergo Multiple Order Fulfillment! This means you can arrange orders to take as many transactions as needed to be fulfilled, while you are charged only for one transaction. This has never been done in other decentralized exchanges. This is a time-saving and cost-effective feature for all users.

Low recording fees

We are open to blockchain tokens. We have a great technical team, so we can create new tokens within 24 hours after your request, and at very cheap prices. If you have a new token, don't hesitate to contact our team!

Airdrop token

When we create a new token, we will ask for fees from the token maker. With this token fee, we will provide fresh new evidence for our loyal customers.

What is Atomic Swap?
Simply put, atomic exchange (also sometimes referred to as cross-chain swap or trade) is an almost instantaneous exchange from one cryptocurrency to another that does not require intermediaries or third parties to oversee transactions.

In computer programming, atoms show inseparable, unchangeable, intact, and unimpaired actions or objects of unity. Does this mean that either the trade will be completed in full or will be canceled and both parties will get their coins back.

Why do we need it?
Cryptocurrency transactions cannot be canceled. This means that now the only way to transfer one coin safely is to use a trusted third party to ensure that both parties get the desired coin. That is why we currently rely on centralized exchanges such as Binance or Kraken to exchange our coins. This results in several problems.

For one, this exchange makes money from ... well, exchange. Depending on the exchange, the fees can be very small (or none), but some larger, well-known exchanges, such as Coinbase, charge very high fees, 4% for credit cards above a bad price on the coin to start. This increases time, and can really take advantage of you.

How it works
This example will use Bitcoin as a non-Ethereum cryptocurrency being traded. However, it works with cryptocurrency that supports the same level of scripting as Bitcoin; including, but not limited to, Bitcoin Cash, Bitcoin Gold, and LiteCoin.

For this example, Alison holds Ether and John also holds Bitcoin. Alison is looking to give him Ether to John instead of Bitcoin.

John produced a random K secret key and hashed it using SHA256 to generate the H (K) secret key.
John uses the secret key, and the Bitcoin Script, to arrange transactions with Alison on the condition that he produce key secrets. If he doesn't do it in X hours then John can withdraw funds.
John sends the secret key H (K) to Alison along with the transaction address on the Bitcoin blockchain.
Alison checks John's transaction, verifies the details of the trade. If he doesn't agree then he doesn't need to do anything. After X hours, John can withdraw the funds.

weiDex Token (WDX)
weiDex Tokens (WDX) have several different uses:

Users will have the opportunity to reduce their trading costs by 50%.
When new tokens are registered on weiDex, they can use WDX as a payment method.
Users will be able to exchange WDX between different blockchain, e.g. ETH and NEO. In the road map, there is integration with Neo. After this Integration is done, users will be able to trade between these platforms using WDX.
After the new token is listed, we will assign all WDX holders, proportional to the amount of WDX each user has.

Specification

Name of Token - weiDex
Token Symbol - WDX
Inventory Amount - 50 000 000 WDX
Token Type - ERC-20
Decimal Token - 18

Distribution & Allocation
WeiDex's intention is to enable a broad community member base to participate in Token Sales. WeiDex cannot guarantee that all prospective buyers will be able to get the allocation they want during the Token For Sale, where the maximum limit is around $ 15 million. The number of tokens sold during the Token Sales will come from the total pool sales of 30,000,000 WDX.

For sales of tokens that successfully reach hard token caps, the distribution will be as follows:

Our customers will receive air deposits based on their trading volume. The total number of tokens that will be provided as airdrop is 5,000,000 WDX.

Air droplets will occur once a month and will affect each unique address that meets the conditions of trading volume. The maximum number of tokens for each unique address can receive up to 250 WDX. Therefore, the first
20,000 users who meet the trading volume requirements will be affected by the airship.

Distribution of Financial Sales Affairs
Most funds will continue to exchange research & development, while the remaining parts will be used to raise awareness about decentralized exchanges.

Some of the main costs include:

Technical Development Costs - most will be allocated to employees' salaries and contractor fees to develop and secure software.
Cost of Marketing and Communication - get the attention of target audiences by using slogans, packaging design, celebrity support and general media exposure.
Accounting and Legal Fees - for work related to auditing and compliance in the jurisdiction of the WeiDex team operating.
Office and Indirect Costs - for office space and other work related costs.
Event Hosting and Sponsorship - to spread awareness about WeiDex through attending or sponsoring various events.

Conclusion
The weDex project aims to show and give the world full power of exchange and a decentralized system altogether. We will write the right path for all traders, blockchain fans and future generations. We dream of full transparency, high security, and peer to peer exchanges without
being trusted by third parties and high taxes. We will eliminate corruption and everything in the hands of the people. If you share our trust and you have similar dreams, you can support our project, join our group and take part in the WeiDex and Blockchain revolutions.

Roadmap