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sademolar

SWIFTLANCE DECENTRALIZED EXCHANGE

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sademolar

 

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ABOUT

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. Hence, 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.

PROBLEM

CENTRALIZED EXCHANGES (CEX) 

Centralized exchanges are the most common and early trading platforms adopted by majority of users in the cryptocurrency industry. They are centralized, act as intermediaries between traders with several rules of who, what, and when to trade. Wallet addresses are provided for users to deposit digital assets and in turn, they offer virtual digital assets on the trading platform for users to trade. The user’s funds, assets are majorly stored in a central wallet; it is owned, controlled and managed by a central administrator.

LIMITATIONS & PROBLEMS OF CENTRALIZED EXCHANGES

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. Recently, 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.

COMPARISM BETWEEN CENTRALIZED & DECENTRALIZED EXCHANGES

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SOLUTION

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. 

MISSION AND PURPOSE

We aim 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.

ROADMAP

Swidex will offer numerous dividends, airdrops and technology advancements.

The roadmap below reiterates upon the order of execution Swidex will take.

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TEAM AND ADVISORS

ALEX SAJIB: CHIEF OF OPERATIONS

Operations Manager Swiftlance & Swidex

Combinationof skills and knowledge in Blockchain technology, marketing, public relations and market research. 

Antonio Rakib: FOUNDER/CEO

Founder Swiftlance & Swidex

Blockchain & crypto enthusiast. Focused on research, Blockchain development & mass adoption of cryptocurrency globally.

Murtaza G.H: DEVELOPER/PROGRAMMER

Co-founder & Blockchain developer/programmer Swiftlance & Swidex Dev. Valuation Analyst & Web designer.

Vast knowledge and experience in experimenting with HTML, CSS, JavaScript, Solidity, dabbling with Python and Ruby. Wide exposure in cryptocurrency world and experience in Blockchain industry.

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: Swidex

Ticker: SWDX

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%

Promotion/Marketing: 5%

Partnerships: 5%

Dividends/Rewards: 5%

Token reserve/future development: 15%

For More Information Click Link Bellow:

 

Author: sademolar

My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2279550

My Ethereum Address: 0xB00B339F3Da6b471A253Bf4f94000b1e769D86B8

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