WandX - Token marketplace for peer-to-peer creation and trading

Wandx

A token marketplace for peer-to-peer creation and trading

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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.

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Information


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* 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 : star.pngstar.pngstar.png

Pros & Cons

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ProsCons
Purchase multiple ERC20 Tokens in a single transactionNot unique a lot of competitors
User friendly front-end Tools to create tokens on EthereumPlatform 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 CivicCompeting against centralized exchanges(Bittrex, Kraken, Coinbase )

Team

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Abhinav RameshYogesh GaikwadSridhar Kolapalli
Founder and CEOCo-FounderPlatform Architecture
Molecular BiologyEntrepreneurship.NET Developer
ResearchEarly-stage StartupsEnterprise Architecture
Cell CultureGrowth HackingRequirements Analysis
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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

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Members5 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
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Trends

WandX

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Competitors

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Markets

MarketPair
EtherDeltaWAND:ETH
IdexWAND:ETH

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WandXDapp wandx.co tweeted @ 15 Jan 2018 - 13:01 UTC

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