Let's talk about SWIDEX(Swiftlance Decentralized Exchange)



Hello welcome back to DIGITALYPS.
Now i want to introduce and review an Exchange project.
SWIDEX(Swiftlance Decentralized Exchange) is a DEX exchange built by swiftlance.
SWIDEX and SWIFTLANCE are projects created by the CEO Antonio Rakib.

FOR WHAT IS SWIDEX DESIGNED?

Designed to solve inherent issues and problems associated with cryptocurrency, markets and trading platforms. Swidex uses Distributed Ledger Technology, a form of Decentralized. Application (DAPP) to offer a decentralized peer to peer (P2P) trading platform of digital assets built on Ethereum Blockchain.Swidex token is the native token of the decentralized exchange (DEX)Swidex and it serves as fuel for liquidity powering fastand secured transactions between users of the platform.

Swidex is a tokenized decentralized application that will be built on Ethereum protocol. Itaims 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.

WHY SWIDEX CREATED?
1.BECAUSE CENTRALIZED EXCHANGE
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.

2.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 s o, 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.

 3.COMPARISM BETWEEN CENTRALIZED & DECENTRALIZED EXCHANGES

THE SOLUTION IS
1.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.

 2.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 30percent (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.

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.

SWIDEX PUBLIC SALES AND DISTRIBUTION TOKEN DETAILS

Price:1 ETH= 2,000,000SWDX
Date: May 28th – June 30th 2019

ROADMAP


TEAM AND ADVISORS


MORE INFORMATION : 

AUTHOR INFORMATION : 
BITCOINTALK USERNAME : yehestielsiburian
BITCOINTALK URL : https://bitcointalk.org/index.php?action=profile;u=2112339
ERC20 : 0x7c66F494cD26b7bc6878137c7e0F896907B3acD4

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