WCX - Introduction. Investigation. Explanation.

in #crypto7 years ago (edited)

Hi there. Many new tokens and coins are shilled and elsewhere. It's normally nothing big, but something came up on my radar. It's called WCX, standing for... Well, they didn't say that yet... West Coast eXchange? It's already taken. With that said, let's see what the want to do.

WCX: Setting Up an Exchange

Yup, those guys want to become the new Bittrex, if their website is to be believed. 

Well, well: "Global Low-Cost Digital Currency Exchange". Nothing less. With a launch scheduled for the 10th day of the 10th month (Their lucky number, or binary symbolism? You get the call) they boost that their charges are much cheaper than what Bitfinex and others are currently doing. 

Those are at least their selling points. One can certainly hope they will succeed. As a Steemit lurker, I've been introduced to the BitShares Assets Exchange and OpenLedger but they constantly give me sync errors. Then you have the MtGox and BTC-e fiascoes. THEN you have shady websites like YoBit promoting shitcoins doomed to fail, or Livecoin, which, while it is the only alternative to get OBITS, the OpenLedger cryptocurrency, certainly doesn't seem reliable as it is. 

Market is starting to be dominated by Bittrex and Poloniex, and crypto enthusiasts certainly know monopoly is not a good thing. So I'm gonna bite it, and hope those guys coming from "Apple, IBM, Deutsche Bank, with a lot of experience building scalable services" like their Bitcoin Thread says, are actually honest for a change.

WCX: Launching a Token

In a huge stroke of imagination, they called their token... WCX. What are WCX Tokens. Better let them explain:

Seems like a deal sent from Heaven. Get tokens. Get revenue. I set up random numbers here to get an idea and I got $300. A quite funny number because 1B is 5 times over what the daily volume for Bitfinex does, and it's the biggest Exchange out there. And their list goes until 250B! Still, it could be a nice complementary income. If they can do it, it's huge and definitely something to sail with. That's at least, at the time of writing, what... wait a sec... friggin' number that keeps refreshing...  63,338 people believe! That's a lot of people.

Well, no surprise there. They have been communicating extensively, with what I believe are quality answers. Still, we all now sailing on crypto seas is a dangerous, if exhilarating, experience. Read, follow, learn and then, act. Therefore, to get started, you can connect on their website and see what is going on here: https://wcex.co/. You will get Free 50 WCX tokens for your trouble if you register a free account. For those who liked this article and would like to refer me, click there: 

It's the exact same website, but I'll get some free tokens out of it. Thank you for reading.

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Mmmh, the pictures seems to not work. Which is strange because they appeared perfectly fine while I typed that article. Now there is this big black ~ sign all over then. Give me a couple of minute.

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