Decentralized Exchanges — also known as DEX’s — are a new technology that facilitate cryptocurrency trading on a distributed ledger. These exchanges shift back control of funds and trades to the user and they eliminate the single point of failure. A secondary effect is that government taxation or fund confiscation can become nearly impossible. This can arguably have profound long term consequences to macro-economic and geopolitical landscape. A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer’s funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.This system contrasts with the current centralized model in which users deposit their funds and the exchange issues an IOU that can be freely traded on the platform. When a user asks to withdraw his funds, these are converted back into the cryptocurrency they represent and sent to their owner.
Decentralized exchanges are important because they are trustless, global, fast, 24/7 and transparent. As the software develops it will become more user friendly and offer innovative services that are hard to imagine at this stage. With both Bitcoin and decentralized exchanges, the “internet of money” is fast becoming a reality that will significantly shape our future.
weiDex is a fully featured decentralized exchange (DEX). It guarantees the highest possible security, full transparency and open source logic. The main idea behind the decentralized exchange is the removal of the third party and it doesn’t need to collect your personal data like email, name or identification number.All the logic is held by the smart contract. Hence only the users have the tendency to control their assets thereby making human mistakes very impossible. weiDex supports all Ethereum based tokens and by the end of the year, weiDex will also support Neo based tokens.
WeIdEX want to give you the best and most user-friendly way to trade. WeiDex brought to live the Multiple Order Fulfillment! This means that you can set an order to take as much transactions as needed to fulfil, while you get charged for just one transaction. This has never been done on any other decentralized exchange. It’s a very time-saving and cost-effective feature for all users.
WeiDex are open for blockchain tokens. WeiDex have a great technical team, so we can list new tokens within 24 hours after your request, and for a really cheap price. If you have a new token, do not hesitate to contact the team!
When weiDex list a new token, we will require a fee from the token creators. With this token fee, we will provide an airdrop of fresh new tokens for our loyal customers.
- Name: weiDex
- Token symbol: WDX
- Total inventory: 50 000 000 WDX
- Token Type – ERC-827 (extended ERC20)
- Decent Token – 18
WeiDex can not guarantee all prospective buyers will be able to get the allocation they want during the Token Sold, where the maximum limit is about $ 15 million.
That number of tokens sold during Token Sales will come from total pool sales
of 30,000,000 WDX.
For further information you can contact Link below:
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