As we all know that the use of cryptocurrency is growing every day and there is no doubt in saying that it has become the part of our daily life. We use cryptocurrency for different purposes and for exchange as well. Moreover, to exchange it many platforms are developed, but all these platforms are facing problems like transparency, security, freedom, and decentralization. Some of these exchange platforms are even subjected to trust issues.
To cope up with these issues, a new platform is introduced that allows users to remove the involvement of the third party and exchange their cryptocurrency directly with one another and that is weiDex. So, let’s know about this platform in detail from the below article.
What is weiDex?
It is a decentralized exchange platform, or we can say the market that does not rely on any third party service that can hold customers assets. Instead of it, crypto users or traders can exchange their cryptocurrency directly with each other with the help of a smart contract used on this platform. The exchange process performed on this platform is peer to peer transaction process and can easily be achieved with the help of multi-signature escrow system.
This platform guarantees security, open source logic and full transparency. Well, the main aim of this platform is to remove the involvement of the third party. The platform does not collect user’s personal information, identification number, name or email. Hence, users will have the tendency to control assets. weiDex supports ethereum based tokens, and soon it will support Neo based tokens also.
Furthermore, rather than uploading your data on any cloud server, this platform will distribute the data into different computer networks. Hence there is no loss of data of any user. Well, this platform offers various benefits to its users, where few of them are listed in the below-given article.
Benefits of weiDex:
1. Referral system- if you invite your friend or any other person, the platform offers you 20% of the trading fees from the invited person. The more users you invite to this platform the more bonuses you can earn. The functionality of this platform is handled by smart contract, and this type of referral bonuses are yet not distributed on any other exchange platform.
2. Low fees- if you have ever used any other exchange platform, you must have noticed that they charge a high amount of fees. But, weiDex minimizes your time and is cost effective because this platform is created on an efficient and fast blockchain network.
3. Multiple orders fulfillment- the platform’s main aim is to provide its users with a user-friendly method for trading. That is why multiple orders fulfillment systems were introduced which means that you can place as many orders you want on our smart contract and we will charge fees on only one transaction.
Well, weiDex has introduced its WDX tokens that users can use to reduce the trading fees up to 50%, if in case any new token is listed on this platform, users can use WDX as the payment method. Furthermore, at the time of token sale, these tokens are distributed into various percentages like 10% for airdrop, 1% for bounty, 60% for presale and sale, 4% for advisors, 15% for the team and remaining 10% for marketing.
Official links for more details,
Website Link: https://weidex.market
Telegram Link : https://t.me/joinchat/IvU-mxJSkHeHzcms-S1ZYQ
Whitepaper: https://weidex.market/images/whitepaper.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=4638484.0
Facebook Link: https://www.facebook.com/weiDexExchange
Twitter Link : https://twitter.com/weiDexExchange
Linkedin Link : https://www.linkedin.com/company/weidex
My Bitcointalk Profile Url : https://bitcointalk.org/index.php?action=profile;u=1472403
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