win.win project: A decentralized exchange with transparency
Aim of the win.win project is to create a truly decentralized exchange platform with cross-chain atomic-swaps capabilities to facilitate the direct transacting of value between network users. There will be no fees for the direct peer-to-peer exchanges, as these transactions are performed directly between user wallets. Since transactions will take place directly between user wallets without the involvement of any third party, there will be no fee for these exchanges.
Need of a truely decentralize exchange
A need of truly decentralize exchange have been raised now and then , and mostly when any of the centralized exchange is hacked or funds are stolen from them, latest being Cryptopia hack in which approx. $16 mn fund were stolen and they are yet to come up with a final figure.
from the win.win website "the most important and critical function is the ability to store and exchange our digital assets in a secure manner. Centralized exchanges have been proven to be unreliable and insecure, often hacked or abused. We believe that in order to advance the mass adoption of crypto, a new architecture must be introduced to enable secure and direct peer-to-peer value exchange. The true philosophy of blockchain, is to eliminate the need of middleman and to enable transactions without having to place trust in third parties."
How it will be different from other Decentralized exchanges?
There are many Decentralized exchanges in the crypto space already but most of them are either not truly decentralized or they work in an environment which is not transparent thus making it hard for the users to trust them.
Edwin Terek, one of the Pioneers of the win.win team said: “The biggest revelation and disappointment has been the lack of transparency in the blockchain industry. One of the main ideas of blockchain is to promote trust. Yet, many of the participants behave in a way that is completely contrary to these ideals, and brazenly display a complete lack of transparency.”
This vision makes the win.win different from other players. They put the transparency and the trust foremost. Most of the team members comes from telecommunication background where they have worked in a regulated environment. Thus they are bringing the regulating mindset with them.
In their one month of functioning team has been open and transparent about everything. On top of that they are very careful while chosing any exchange or forging any partnership. They try to scrutinize or at least get to know the other party , before they go official with them. This is evident from the fact that they have had meeting/video conferences with the bitsane exchange, on which TWINS crypto currency is listed. similarly with Nodehub.io or crypos.io projects which are being officially endorsed by the win.win team, they have make sure that they are safe for the users of TWINS.
The extra effort team is making for securing the interest of their users is just strengthing the trust the community have over the team. Discord community is increasing day by day and their valuable contribution towards the project is amazing be it - Design, Script, Guides, New partnerships anything, there have been major contributions. Community support is another indicator of a successful crypto project.
Progress so far
win.win platform has successfully launched their masternode network based on TWINS, early this year. It has been almost a month since it was opened to public and there are close to 400 masternodes online. It is amazing that even after the handsome payouts to early adopters and masternode owners there has not been any sell out of TWINS. Price of TWINS has only increased in the past month and the average trading volume has been over $100k .
At the time of writing TWINS Masternode RoI is 800% which is one of the best in the crypto space.
Project Roadmap
Stage 1: TWINS Coin launch
stage -1 of the win.win project has been completed, where Seed nodes are hosted and controlled by the win.win foundation team. Wallet apps and public master node setup guides will be published during the weeks of the TWINS mainnet soft-launch period.
Stage 2: TWINS network growth
Community participation is the critical requirement of the network growth in terms of the number of active masternodes and the accelerating transaction activity of TWINS coin on the network and crypto-exchanges.
Stage 3: TWINS network maturity
A critical mass of decentralized masternodes and the acceptance of the TWINS cryptocurrency gives rise to the development and deployment of the win.win decentralized exchange platform and updated wallet apps to support direct peer-to-peer cross-chain transactions.
Official project links:
Website: https://win.win/
Github: https://github.com/NewCapital
Discord: https://discord.gg/SAMDbxV
Bitsane Exchange link — https://bit.ly/2UeDKDd