SWIDEX “The Swiftlance Decentralized Exchange” – The World’s First DEX with An Outsourcing Platform
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Swidex is a tokenized decentralized application that will be built on Ethereum protocol. It aims to provide a completely decentralized exchange that is eco-friendly, fast and secured for P2P digital assets trading.
“Now, the number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.
There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”
With that being said, Swidex provides decentralized solutions for crypto markets, platform for trading ethereum based tokens(ERC-20).
Now that I have your attention, let’s get right to it.
What exactly is SWIDEX?
As depicted above and indicated on the official whitepaper of Swidex, Swidex is a tokenized decentralized application that will be built on Ethereum protocol. It aims to provide a completely decentralized exchange that is eco-friendly, fast and secured for P2P digital assets trading. Ethereum Blockchain is adopted because Ethereum was one of the early cryptocurrencies that emerged in the Blockchain industry.
Most developers are familiar with the programming language, Solidity and more than 50percent of digital assets operate on Ethereum Blockchain either as main Blockchain or initial Blockchain before mainnet launch.
Therefore, Swidex advances a wide coverage of digital assets and provides a decentralized trading platform.
The Mission and The Purpose
Swidex aims to provide a decentralized P2P trading platform with smart contract technology. A world where users trade digital assets with equanimity. A burning protocol will be integrated into Swidex smart contract where Swidex tokens will slowly be burn until 30 percent (1.5 billion) of the total supply is successfully burned.
Swidex will offer dividends in form of Ethereum (Eth) quarterly to holders of Swidex tokens. This is to reward Swidex token holders as stakeholders of Swidex.
Since centralized exchanges are controlled and managed by a central administrator, several inherent problems are associated with the use of CEX. There are numerous stories of users’ accounts frozen or depleted without genuine explanation or reasons. More so, numerous security breaches have been reported in millions of dollars leading to tremendous loss of users’ assets, and eventual shutdown of the exchange.
A notable CEX, Cryptopia had a security breach and reportedly suffered huge loss leading to its eventual shut down. In addition, cases have been recorded where users of a reputable exchange were denied access to their funds as a result of death of founder of the exchange holding private keys to wallets containing users’ funds and assets.
Solutions Offered by Swidex
P2P Digital Assets Trading
Swidex is a DAPP and token protocol that provides an open peer to peer decentralized trading platform that is instant, fast and secured where its users are able to eliminate intermediary barriers and controls of the centralized cryptocurrency exchanges. Swidex is not controlled by a central administrator or entity but it offers a platform where users are empowered to trade directly within themselves on the term they choose.
About The SWIDEX Tokens (SWDX)
Swidex tokens is built on Ethereum Blockchain, ERC-20 with a total supply of 5,000,000,000 (5bn) SWDX. SWDX is the native token of Swidex, serve as fuel for the exchange. It enables liquidity and powers open, fast and secured transactions between users of Swidex
Token name: Swidex
Total Suppy: 5,000,000,000 SWDX
Seed Funding/private sales: 2,500,000,000 SWDX (50%)
Team/Advisors: 15%( To be locked for 1years)
Airdrop SWL holders: 5%
Token reserve/future development: 15%
SWIDEX Public Sales and Distribution
MEET THE AMAZING TEAM AND ADVISORS
Antonio Rakib: FOUNDER/CEO
Founder Swiftlance & Swidex
Blockchain & crypto enthusiast. Focused on research, Blockchain development & mass adoption of cryptocurrency globally.
ALEX SAJIB: CHIEF OF OPERATIONS
Operations Manager Swiftlance & Swidex
Combinationof skills and knowledge in Blockchain technology, marketing, public relations and market research.
Murtaza G.H: DEVELOPER/PROGRAMMER
Co-founder & Blockchain developer/programmer Swiftlance & Swidex Dev. Valuation Analyst & Web designer.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
BOUNTY GROUP: https://t.me/swidexbounty/
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.