Q. What's better than a dividend generating crypto exchange?
A. A dividend generating crypto exchange that pays in a multitude of cryptocurrency.
Introducing WCX Digital Currency Exchange https://wcex.co/
WCX Solutions
The key solutions WCX offers to the crypto community, is a price reduction in the cost of exchanging crypto assets. WCX seek to lower the fees in exchanging crypto, while providing a more stable customer friendly experience. They will also be focusing their attention on providing scaling solutions to solve the growing pains the current exchange market is failing from. By offering a revenue share to WCX token holder, the exchange will likely have a greater chance of gaining a loyal userbase as customers move over from non-incentivised exchanges.
Exchange Industry Growth
Existing cryptocurrency exchanges have been under extreme pressure in the last 12 months to provide a more reliable service, this has due to soaring growth maxing out the current infrastructure. It is clear that this segment of the crypto space is by no means locked up with a market leader, the leading exchanges providing the worst customer service will likely lose their market positioning unless they pickup their game.
Old Vs New
Crypto exchanges pail in comparison to the size of traditional markets, some crypto analysts have made bold predictions that the crypto markets will replace the traditional offerings. If this were to be the case, early investors in a successful revenue sharing exchange could see incredible returns based off potential growth.
WCXT Token Dividend Model
WCX will be offering token holders a 20% share of all profits via its ERC20 token (WCXT). These profits will be paid out weekly in the many different currencies traded on the platform. This is almost like having a multitude of cryptos staking in a wallet, and is our favourite feature of the WCX exchange.
WCX Build For Speed
The WCX trading engine is a monster of speed, it can process 1 million transactions per second, this lays in stark contrast to the current crypto industry standard of 50 thousand per second. This technology was modeled off the existing traditional exchange market architecture which has proved itself in terms of trading volume.
First Coins To List
The first coins to be listed on WCX will be many of the market cap leaders. The website will go to launch in on the 10th of October 2017 with trading support for BTC, ETH, XRP, LTC, XMR, and USDT. Many more coins will be integrated into the system post-launch.
Roadmap
Platform Security
The platform will kick off with 2-factor authentication, advanced encryption while utilising cold storage for 98% of customer funds.
Whitepaper
https://wcex.co/whitepaper?lang=en/A Well Deserved Kick To KYC
KYC (Know Your Customer) seems to be the blockchain buzz word at the moment. Yet blockchain at its very core is about privacy and decentralisation. Many of the people interested in crypto want to move away from the old system of over-regulation, tracking and data monetisation. KYC is just another possible point of data collection. The team at WCX understands this factor and will launch with no ID verification required on signup. And we say THANK YOU!
Team Behind WCX
The team behind the WCX project are knowledgeable financial and software experts hailing from backgrounds in Wall Street trading and Silicon Valley software development. They have references to Apple, Deutsche Bank, and IBM.
Conclusion
I do like this offering and love the fact you can earn from dividends in all the currencies listed on the WCX exchange. My only point of concern from a investor point of view, is the amount of free tokens they have issued thus far from referral signups:
"Earn 50 WCXT tokens via this link now!". Could this drive down the price when the tokens hit exchanges? Or will these free tokens drive up user adoption and create a loyal WCX fanbase? Only time will tell > Pre-Sale now open at wcex.co
Thanks for reading :)
[Disclaimer: please do you own due diligence when investing and don’t solely take my point of view as the only angle. I highly recommend everybody dig through the projects bitcointalk, reddit and team linkedin profiles to help formulate your own opinion – I thank you so much for reading and wish you successful dividend returns]
Ryan Jorgensen | Stock Photographer | Blockchain Nerd
Twitter: @CryptoDividends
Website: http://jorgo.photography/
Crypto Dividends focuses on the niche blockchain business models that generate passive income without the need to sell or speculate. We seek to discover and promote the best dividend yielding cryptos.