Wandx
A token marketplace for peer-to-peer creation and trading
Summary
WandX is a decentralized platform that allows users to create their own digital tokens on the Ethereum blockchain, then have those tokens represent a pre-selected basket of funds they choose themselves. The platform allows users to build ERC20 tokens, then trade baskets of tokens in an open market. Users can hedge risk and diversify their investments while purchasing a single investment vehicle.
Wandx initial product will be based on creation of baskets of ERC20 tokens on Ethereum. We have six types of contracts - data storage (d-gen), functionality enabler (f-gen), trade enabler (t-gen), settlement enabler (s-gen), rating enabler (r-gen), and analytics enabler (a-gen). Together they create a holistic ecosystem to create, trade, view, and settle contracts. Issuers create the ERC20 Token instruments, market makers and buyers purchase these instruments, sellers close the loop and thus all the players together create the market for the instrument. Using the f-gen, the issuer creates the product, the d-gen stores the product, the t-gen and s-gen are responsible for decentralized trade of the product through smart contracts. The r-gen is optional, and can be used only by certain users to rate products.
Information
* Note that all data is static of date of article.
Symbol : WAND
Date Started :29 December 2017
Age : 1 months
Listed Start Price : $0.292604
All time High : $1.35
Current Price : $0.908589
All time Low : $0.277769
Market Cap : $11 124 886
Circulating Supply: 12 244 135 WAND
Total Supply : 16 013 284 WAND
Max Supply : 75 400 000 WAND
Website : www.wandx.co
Lifetime Price Percentage : 210.52%
Whitepaper : wandxdapp.gitbooks.io
Rating :
Pros & Cons
| Pros | Cons |
|---|---|
| Purchase multiple ERC20 Tokens in a single transaction | Not unique a lot of competitors |
| User friendly front-end Tools to create tokens on Ethereum | Platform not develop yet only prototype |
| Record trades on-chain (no private key held) | Competing against decentralized exchanges (0x, Etherdelta, Kyber ) |
| Identification integration with platforms such as uPort and Civic | Competing against centralized exchanges(Bittrex, Kraken, Coinbase ) |
Team
| Abhinav Ramesh | Yogesh Gaikwad | Sridhar Kolapalli |
|---|---|---|
| Founder and CEO | Co-Founder | Platform Architecture |
| Molecular Biology | Entrepreneurship | .NET Developer |
| Research | Early-stage Startups | Enterprise Architecture |
| Cell Culture | Growth Hacking | Requirements Analysis |
 | | |
Rewards
Users of each of the gen modules are incentivized to contribute to the platform. Incentives of different players on the WandX platform are slightly different depending on the value they bring to the platform. All the incentives are distributed using the Wand token which is based on Ether. The underlying value of this Dapp will be in its applications to create, trade and settle instruments based on ERC20 Tokens. The Token sale will distribute the Wand tokens among the public, after which bounty programs will be conducted to incentivize each player in the platform.
WandX will introduce bounties for each player in the platform, and for each type of product that can be created.
Community
| Telegram | Github | ||||
|---|---|---|---|---|---|
| Members | 5 957 | 2 857 | 1 941 | 3 879 | 3 |
| Last | 2018/01/15 | 2018/01/15 | 2018/01/15 | 2018/01/01 | 2018/01/15 |
| Links |  |  |  |  |  |
Trends
WandX
Competitors
Markets
| Market | Pair |
|---|---|
| EtherDelta | WAND:ETH |
| Idex | WAND:ETH |
Trust gives you the permission to give people direction, get everyone aligned, and give them the energy to go get the job done. Trust enables you to execute with excellence and produce extraordinary results. As you execute with excellence and deliver on your commitments, trust becomes easier to inspire, creating a flywheel of performance. - Douglas Conant