INTRODUCTION
Cryptocurrency, which is sometimes referred to as digital currencies operate independently of any central authority or banks and it is permissionless to use, the transaction is open & available for people to see.Because it is decentralized, government authorities such as the Judiciary, Authorities in-charge of taxation, and the central banks do not find it appealing because it cannot be taxed and they don't have power to influence the transactions of traders/participants.N.B: Cryptocurrencies Transaction cannot be cancelled, cannot be reversed and neither can it be disputed, This is the reason why newbies are advised to have someone who is experienced and careful to guide them whenever they want to carry out a transaction.Cryptocurrencies can be obtained by buying/purchasing from a digital/crypto-currency exchange platform, The exchanger allows the trader to exchange their Fiat( paper currency) to Alt coins of their choice. The top five (5) cryptocurrency Exchange can be find below:
- Binance,
- Bitmex,
- Kucoin,
- Changelly, and
- Hobi Pro.
Cryptocurrency Trading platform have their own shortcomings such as: scalability, Cybersecurity issues, price volatility and lack of inherent value, Regulations, and abuse of trust which traders place on the crypto exchange all for the sake of profits, user-friendly interface, these shortcomings cause traders to panic.As more technological innovations are uncovered, Swidex, a tokenized decentralized application that will be built on Ethereum protocol that aims to provide a completely decentralized exchange that is eco-friendly, fast and secured for P2P digital assets trading came on board.
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.
What is Swidex?
SWIDEX - Swiftlance Decentralized Exchange, We give decentralized answers for crypto markets, a stage for trading ethereum based tokens(ERC-20).The World's First DEX with a re-appropriating stage.SWIDEX offers profits to SWDX(native token) holders quarterly as Stakeholders of SwidexSWIDEX BUILT ON ETHEREUM PROTOCOLSwidex is a tokenized decentralized application that will be based on Ethereum convention. It means to give a totally decentralized trade that is eco-accommodating, quick and verified for P2P digital assets trading.
Ethereum Blockchain is received on the grounds that Ethereum was one of the early digital currencies that rose in the Blockchain business. Subsequently, most designers know about the programming language, Solidity and more than 50percent of digital assets work on Ethereum Blockchain either as fundamental Blockchain or introductory Blockchain before mainnet dispatch.Subsequently, Swidex propels a wide inclusion of digital assets and gives a decentralized trading stage.
PROBLEM
Concentrated EXCHANGES (CEX)
Concentrated trades are the most widely recognized and early trading stages received by most of clients in the digital money industry. They are concentrated, go about as delegates between dealers with a few standards of who, what, and when to exchange. Wallet locations are given to clients to store digital assets and thusly, they offer virtual digital assets on the trading stage for clients to exchange. The client's assets, assets are significantly put away in a focal wallet; it is possessed, controlled and overseen by a focal manager.
RESTRICTION AND PROBLEMS OF CENTRALIZED EXCHANGES
Since brought together trades are controlled and overseen by a focal chairman, a few natural issues are related with the utilization of CEX.There are various accounts of clients' records solidified or exhausted without real clarification or reasons. All the more along these lines, various security ruptures have been accounted for in a huge number of dollars prompting huge loss of clients' assets, and inevitable shutdown of the trade. As of late, a remarkable CEX, Cryptopia had a security break and apparently endured immense misfortune prompting its inevitable shut down. What's more, cases have been recorded where clients of a respectable trade were denied access to their assets because of the demise of the author of the trade holding private keys to wallets containing clients' assets and assets.
SOLUTION
P2P DIGITAL ASSETS TRADING
Swidex is a DAPP and token convention that gives an open distributed decentralized trading stage that is moment, quick and verified where its clients can dispose of delegate hindrances and controls of the brought together digital currency trades. Swidex isn't constrained by a focal director or element yet it offers a stage where clients are enabled to exchange legitimately inside themselves on the term they pick.
MISSION AND PURPOSE
We intend to furnish a decentralized P2P trading stage with keen contract innovation. A reality where clients exchange digital assets with composure. A consuming convention will be coordinated into Swidex keen contract where Swidex tokens will gradually be consume until 30 percent (1.5 billion) of the absolute supply is effectively scorched. Swidex will offer profits in type of Ethereum (Eth) quarterly to holders of Swidex tokens. This is to remunerate Swidex token holders as partners of Swidex.
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 Details
Token name: SwidexTicker: SWDX
Total Suppy: 5,000,000,000
SWDXSeed Funding/private sales: 2,500,000,000 SWDX (50%)
Team/Advisors: 15%( To be locked for 1years)
Airdrop SWL holders: 5%
Promotion/Marketing: 5%
Partnerships: 5%
Dividends/Rewards: 5%
Token reserve/future development: 15%
TEAM
ROADMAP
For more information please visit the following links.
WEBSITE: http://swidex.trade/
WHITEPAPER: http://swidex.trade/swidex.pdf
FACEBOOK: https://www.facebook.com/Swiftlanceoutsourcingplatform
TWITTER: https://twitter.com/swiftlance1/
MEDIUM: https://medium.com/@swiftlance.org/
DISCORD: https://discord.gg/UPqAT78/
TELEGRAM: https://t.me/Swidex/
BOUNTY GROUP: https://t.me/swidexbounty/
AUTHORSHIP:
MY BITCOINTALK USERNAME: Luky147
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1547972;sa=summary
MY ETH ADDRESS: 0x65510EA7bB0618d48c0Ac5a3941760c96ECcda3C
Telegram username : @Uditha9411