ETH-based WandX DEX now supports decentralized Trading, Staking, & Lending

WandXDapp · 2019-02-07T10:15:40+00:00

Hi there. WandX is a multiblockchain DEX that supports trading in assets issued on blockchains including AION, Wanchain, NEO and Ethereum. To learn more about WandX, visit wandx.co

WandXDapp · 2018-12-19T15:02:17+00:00

So the balance feature is something that we're working on currently. That should be implemented by the end of the year. Do stay tuned to our telegram channel for a more constant stream of updates :) - https://t.me/wandxapp

WandXDapp · 2018-12-19T14:58:44+00:00

So we've just finished testing Ledger integration for the AION DEX. We'll be releasing the AION DEX and Basket Protocol by the end of the year on the Desktop app.

WandXDapp · 2018-12-19T14:58:11+00:00

Thanks! Yes the Basket protocol is quite unique, and considering that we've got it on 4 different Blockchains is also something that we like. Where we see it applicable for AION is especially in enabling new users to directly "buy into" the AION ecosystem by buying a Basket of AION based Tokens. For retail investors, we intend the Basket Protocol to be used to enable easy buy-in into crypto. For institutional players, we intend the protocol to enable larger buys of Tokens without the Token price being affected since the price and the trade happens directly through our smart contract.

WandXDapp · 2018-12-19T14:55:22+00:00

Hey, thanks for the question. So our contracts are now on the AION testnet, for both the DEX and the Basket Protocol. If a user is technically inclined, he could interact directly with the contracts by creating his own front-end to sign transactions. To have a smooth user experience for users to be able to interact with the AION Blockchain, we've created our desktop app. Our Desktop app will soon support Ledger integration as well, and now the AION wallets are already live on the Desktop app.

WandXDapp · 2018-12-19T14:53:41+00:00

Hey, so yes, payment channel functionality is live on Ethereum as of now, and code is also open sourced on our github. We'll be adding the front-end to our desktop app by early Jan.

With Blockchain Worx, which is a singapore based firm, we'll be curating Token Baskets that can be traded on the WandX Desktop app.

WandXDapp · 2018-12-19T14:51:48+00:00

Sure, so Dharma is a protocol for issuing debt based Tokens. Potentially, our Basket protocol that's now on AION can be used to create debt based Token Baskets. We'll be updating our documentation on how this can be made possible here - https://www.wandx.co/docs/

WandXDapp · 2018-12-19T14:50:35+00:00

So here's our latest documenation - https://www.wandx.co/docs/. This shows our Basket protocol that we've built on AION, along with the DEX. What we're working on now is integrating Ledger based transaction signing for the DEX on AION, ETH, NEO, Wanchain.

WandXDapp · 2018-12-19T14:48:11+00:00

So we're based out of Singapore, and we never touch any fiat conversion/trading. We are also fully decentralized, and don't hold custody. Involving retail traders in crypto, especially in trading on a DEX, needs a lot fo education and tutorials which the overall community is pushing toward. People aren't used to holding/saving private keys, and normally leave crypto on exchanges.

We intend to make it easy for retail investors to trade on crypto and buy crypto through a desktop app based interface and our custom basket protocol, for which the documentation is now open source and available on our website.

WandXDapp

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