WeiDex PROJECT ((ICO REVIEW 2018))-THE FIRST DECENTRALIZED GLOBAL EXCHANGE

dprince2281 (5)in #dprince2281 • 7 years ago

Hi! everyone all over the world, as usual ! all of you know's, I always carry you along with any information about good crypto related projects through my blog.

INTRODUCTION:

Millions of new investors began trading cryptocurrencies. Of course, as with any investment vehicle, there are many different trading strategies, so it’s important to identify which one suits you best.

To be successful in the world of cryptocurrency trading you must know the market very well, but above all, you must know yourself. Perhaps this is even more important than knowing the market, and your future in the world of crypto may depend on this level of self-honesty.

In general, there are four types of cryptocurrency traders based on the time they take between the opening and the closing of an operation (between buying and selling or vice-versa). You can combine two or more strategies, but the important thing is to know how to distinguish them and the differences in each one. From shorter to longer times, the types of trading are:

Scalping:Scalping is a type of cryptocurrency trading which is based on buying and selling almost instantly. It is perfect for those looking for a fast trading style. The scalper does not take his eyes off the screen, seeing the variations in real time. These trades typically don’t last more than 5 minutes.
This type of trading requires a lot of leverage to obtain considerable profits, and it involves opening and closing many operations on the same day. The idea is to bet a lot of money to get very little profit but in a brief time.
The analysis of trends is not very important in this type of trading because short-term predictions are less accurate. If you are a scalper, you must know how to make quick decisions. You cannot “get attached” with a coin, and you must be very strict with your limits of Take-Profit and Stop-Loss.

Day Trading:Day trading is a short-term trading strategy that consists of opening a few positions at the beginning of the day and closing them at the end. This way, there is a greater range of action and a quieter period of operation, controlling the risks of leaving a trade open for a few days and suffering a change of trends by an unexpected event. i.e., if you live in the United States and leave a position open, bad news from Asian governments may cause a fall while you sleep. In the same way, some good news may generate an increase, but at the end of the day, what matters to the Day Trader is having control over the information.
The most common candles daytraders operate with are candles from 15 to 30 minutes. Sometimes they observe 4-hour behaviors to see if their trading is part of a trend.
They use indicators and technical analysis. The most recommended ones are the MACD and the RSI.

Swing Trading:This is the most common type of trading in the cryptomarket. Generally, because of the significant volatility of altcoins, traders buy a currency and then change it to USD, BTC or ETH only to buy another altcoin and thus maintain their wave of profit (most altcoins are quoted mainly against Bitcoin).
Swing trading cryptocurrencies consists of opening trade and leaving it for a reasonable period of time, from hours to several days. They generally use candles from 12 hours onwards with other essential indicators. One that is not usually missing is the volume of the market. The use of technical analysis is of great importance.
The most common indicators are the MACD, RSI, Stochastics, however many prefer to use other signs that provide a more general view of market behavior: Fibonacci Regressions, Gann forks, Bollinger, EMAs, etc.

Position Trading:Position trading is a trading strategy that is more “investment” than “trading.” It consists of opening positions and leaving them for several weeks to years. It requires extensive knowledge of aspects beyond the technical ones. Long-term investors are willing to take a significant amount of risk in favor of the possibility of making a considerable amount of profit.
An in-depth study is necessary to know the reliability of each move that is made, for this reason beyond the technical analysis, traders must continuously apply fundamental analysis studies.
The most common candles studied go from 1 day to 1 month depending on how willing investors are to maintain their position.
But above all, as serious as the trading world may be, make sure you enjoy your trip.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: WeiDex

WHAT IS WeiDex?

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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, we will also support Neo based tokens.

Instead of uploading data into a cloud server in order to store it in a single location, weiDex will break them into smaller chunks and distribute them across computer network since it is a digital ledger that is not controlled by any central authority. Hence the entire operation will not result to any data loss.

#WeiDex #IEO #TokenSale #startup #BountyCampaign #Investment #Cryptocurrency #Blockchain #Exchange #Crowdfunding

ABOUT WeiDex

weDex is a totally independent environment (DX). It guarantees the highest possible security, total transparency and opacity of the opening logic.

Various trading platforms are trying to acquire it gradually using various consensual algorithms and smart contracts, but it has not been proven that it completely eliminates this totally regrettable task.

The weidex team have the dreams of making extensive use of decentralized exchanges and the main method of transferring cryptocurrency assets. Their vision is to provide the best services to our customers, from user interface and user experience to usability and performance. They want to create a strong and strong community with brave dreams. The main task is to realize their dream and develop a decentralized technology for inter-channel transactions.

WeiDex said the platform would have both centralized and decentralized exchange benefits. However, centralized exchanges are known for their ease of use, ease of access (availability) and transparency. As a decentralized exchange, WeiDex also offers advantages over other existing decentralized exchanges, including: Reference system program: WeiDex is the first of its kind, offering 20% of user referral fees. The more users you invite, the more referral bonus you will receive.

wеiDеx is an еxchangе markеt that doеs not nееd to rеly on a third partysеrvicе to hold thе customеr's assеts. Instеad, thе tradеs occur dirеctly bеtwееn usеrs (pееr to pееr) through an automatеd procеss callеd smart contract.wеiDеx is a fully fеaturеd dеcеntralizеd еxchangе (DеX). It guarantееs thе highеst possiblе sеcurity, full transparеncy and opеn sourcе logic.
Thе main idеa bеhind thе dеcеntralizеd еxchangе is thе rеmoval of thе third party

Low Operational Cost.
weiDex is cost effective and minimizestime wastage.
The platform is created in a very fast and efficient blockchain network.
You will only be charged little or no amount thereby making you deploy a payment service of your own.

Cross Chain Transactions

Team will create one big ecosystem in which users can trade currencies in a decentralized way. Without any third parties.
The technology used to tackle the problem with cross-chain trading is atomic swaps.

Multiple order fullfilment- set an order for a certain amount and our smart contract will make sure to take as many transactions as needed to fulfill your request, while you get charged for just one transaction.

#WeiDex #IEO #TokenSale #startup #BountyCampaign #Investment #Cryptocurrency #Blockchain #Exchange #Crowdfunding

WeiDex VISION

We are going to make decentralized exchanges widely used and the main method for transferring crypto assets. Our vision is to provide the best services to our clients, from the user interface and user experience to the usability and performance. We will create a great, strong community with brave dreams like ours. Our main task to achieve our dream is to develop a decentralized technology for cross-chain transactions.

#WeiDex #IEO #TokenSale #startup #BountyCampaign #Investment #Cryptocurrency #Blockchain #Exchange #Crowdfunding

WeiDex TEAM AND ADVISORS BOARD

WeiDex ROADMAP

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WeiDex ICO ANALYSIS

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The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the WeiDex PLATFORM

WeiDex’s intention is to allow a broad base of community members to participate in a Token Sale. WeiDex cannot guarantee that all prospective purchasers will be able to acquire their desired allocations during the Token Sale, where the maximum cap will be approximately $15 million. The amount of tokens sold during the Token Sale will be from a total sale pool of 30,000,000 WDX.

For a successful token sale reaching the hard cap the intended token distribution will be as follows: Our customers will receive an airdrop based on their trading volume. The total amount of tokens that will be provided as airdrop is 5,000,000 WDX.

WeiDex TOKEN ANALYSIS

WeiDex Token (WDX) uses

 Users will have the chance to reduce their trading fee by 50%

 When new tokens are listed on weiDex, they can use WDX as a payment method.

 Users will be able to swap WDX between different blockchains e.g. ETH and NEO. In the roadmap, there is integration with Neo. After this integration is done, users will be able to trade between this platform using WDX.

 After new tokens are listed, we will provide airdrop to all WDX holders, proportionate to the amount of WDX each user has.