//WandX (DEX) mainnet is coming, what is WandX ?

WandX (DEX) mainnet is coming, what is WandX ?

Hello, Before anything, i’m invest, i’m shilling, sue me. I never seen any mention of WandX on reddit so maybe this will rise the interest of some.I’m going to give you a brief summary of the whitepaper, roadmap, and some event concerning this coin.$WAND is the ERC-20 token of WandX, a decentralized exchange, who launch mainnet today or tomorrow, depends of your GMT.This is the website of the exchange : https://www.wandx.co/ . Right now, you need MetaMask to gain access and see the exchange, but the Dev respond me that Metamask will no longer be needed on the 12th may 2018 .Some of the problems that the WandX platform aims to solve are:How can users solve the problem that the price of any single ERC20 Token is higher than it ought to be, on account of speculation?How can users purchase multiple ERC20 Tokens in a single transaction?How can users not lose money even if there is a fall in the price of a single ERC20 Token?How can users increase the liquidity of single ERC20 tokens?How can users create and trade digital assets (such as loyalty points) recorded on a blockchain?Many of these problems are currently being solved by centralized cryptocurrency exchanges and crypto-asset management platforms. Though popular and easy to use, many centralized exchanges and asset management platforms face problems with data security. They provide a centralized platform for blockchain assets, which by definition are meant to be decentralized. Other challenges faced by centralized exchanges and platforms include low liquidity thresholds and longer waiting periods for users to withdraw their funds from these exchanges.SolutionsWandX aims to solve the above problem by providing a decentralized platform that enables the creation and trade of Baskets of ERC20 Tokens through smart contracts.Users can trade in Baskets of ERC20 Tokens. Users can acquire multiple ERC20 Tokens with a single transaction. The WandX platform does not hold private keys or any Tokens.Innovative solutions to sell an ERC20 Token or Basket that is borrowed are being developed on WandX.WandX provides tools to create tokens that can be backed by a digital asset such as loyalty points, and these tokens can be traded on our platform. We are experimenting with a larger number of trades happening off-chain, and only record the trades happening on-chain.Some of the ERC20 Token instruments that can be created on WandX are as follows:Baskets of ERC20 Tokens: These are combinations of ERC20 Tokens can be created with a single transaction. Users can create a basket of ERC20 Tokens; this Basket has an associated price which is determined by the underlying ERC20 Tokens in the Basket. Creation and Trade of this Basket happens by way of smart contracts.Issue Crypto-assets: WandX would enable a user to record his/her digital asset(s) on the blockchain through a user friendly front-end for creating tokens on Ethereum. These tokens would then represent ownership of crypto-asset(s) such as loyalty points which could be transacted with other users. Such transactions, along with the decentralized exchange, could be used to create markets for any crypto-asset.More informations : https://ift.tt/2Hxtwf4 statsCirculating supply : 12 244 135Total supply : 16 013 284Market cap as i write this : $2 342 548 USDExchange : Mostly Bancor Network as nowNews, social media, etcas stated on the news telegram chat, they just partner with REMME :”Hi all, we’re glad to announce that one of the partners for a login system for WandX is Remme. We’re very glad to partner with them, and be a part of their pilot project for decentralized logins. – https://medium.com/remme/wandx-joins-remmes-2018-pilot-program-588379aaea4d”Here the latest update on the same channel :”Hi all, an update. 1. We have updated coinmarketcal as to all the events for the Month of May. Please check coinmarketcal and upvote all of our events. 2. The development of the ERC20 Token Options is coming along well, and we’re on track for a release as shown on coinmarketcal. 3. Our updated business model will be put up on our blog by Monday. 4. Our Protocol release onto the main net happens on May 8th. 5. We’re working on another strategic partnership that will enable the exchange to function better.”Source : https://ift.tt/2r6wNH6 Dev is active almost daily on the main chat : https://ift.tt/2HCCBn2 : formatting

Hello, Before anything, i'm invest, i'm shilling, sue me. I never seen any mention of WandX on reddit so maybe this will rise the interest of some.

I'm going to give you a brief summary of the whitepaper, roadmap, and some event concerning this coin.

$WAND is the ERC-20 token of WandX, a decentralized exchange, who launch mainnet today or tomorrow, depends of your GMT.

This is the website of the exchange : https://www.wandx.co/ . Right now, you need MetaMask to gain access and see the exchange, but the Dev respond me that Metamask will no longer be needed on the 12th may 2018 .

  • Some of the problems that the WandX platform aims to solve are:

    • How can users solve the problem that the price of any single ERC20 Token is higher than it ought to be, on account of speculation?
    • How can users purchase multiple ERC20 Tokens in a single transaction?
    • How can users not lose money even if there is a fall in the price of a single ERC20 Token?
    • How can users increase the liquidity of single ERC20 tokens?
    • How can users create and trade digital assets (such as loyalty points) recorded on a blockchain?

Many of these problems are currently being solved by centralized cryptocurrency exchanges and crypto-asset management platforms. Though popular and easy to use, many centralized exchanges and asset management platforms face problems with data security. They provide a centralized platform for blockchain assets, which by definition are meant to be decentralized. Other challenges faced by centralized exchanges and platforms include low liquidity thresholds and longer waiting periods for users to withdraw their funds from these exchanges.

  • Solutions

WandX aims to solve the above problem by providing a decentralized platform that enables the creation and trade of Baskets of ERC20 Tokens through smart contracts.

  • Users can trade in Baskets of ERC20 Tokens. Users can acquire multiple ERC20 Tokens with a single transaction. The WandX platform does not hold private keys or any Tokens.

  • Innovative solutions to sell an ERC20 Token or Basket that is borrowed are being developed on WandX.

  • WandX provides tools to create tokens that can be backed by a digital asset such as loyalty points, and these tokens can be traded on our platform. We are experimenting with a larger number of trades happening off-chain, and only record the trades happening on-chain.

Some of the ERC20 Token instruments that can be created on WandX are as follows:

Baskets of ERC20 Tokens: These are combinations of ERC20 Tokens can be created with a single transaction. Users can create a basket of ERC20 Tokens; this Basket has an associated price which is determined by the underlying ERC20 Tokens in the Basket. Creation and Trade of this Basket happens by way of smart contracts.

Issue Crypto-assets: WandX would enable a user to record his/her digital asset(s) on the blockchain through a user friendly front-end for creating tokens on Ethereum. These tokens would then represent ownership of crypto-asset(s) such as loyalty points which could be transacted with other users. Such transactions, along with the decentralized exchange, could be used to create markets for any crypto-asset.

More informations : https://www.wandx.co/whitepaper.html

  • Token stats

Circulating supply : 12 244 135

Total supply : 16 013 284

Market cap as i write this : $2 342 548 USD

Exchange : Mostly Bancor Network as now

  • News, social media, etc

as stated on the news telegram chat, they just partner with REMME :

"Hi all, we're glad to announce that one of the partners for a login system for WandX is Remme. We're very glad to partner with them, and be a part of their pilot project for decentralized logins. – https://medium.com/remme/wandx-joins-remmes-2018-pilot-program-588379aaea4d"

Here the latest update on the same channel :

"Hi all, an update. 1. We have updated coinmarketcal as to all the events for the Month of May. Please check coinmarketcal and upvote all of our events. 2. The development of the ERC20 Token Options is coming along well, and we're on track for a release as shown on coinmarketcal. 3. Our updated business model will be put up on our blog by Monday. 4. Our Protocol release onto the main net happens on May 8th. 5. We're working on another strategic partnership that will enable the exchange to function better."

Source : https://t.me/wandxdapp

The Dev is active almost daily on the main chat : https://t.me/wandxbeta

edits : formatting

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