weiDex Welcomes Aeternity Investment for the Development of a Decentralized Exchange Platform
One of the blockchain 3.0 platforms, the aeternity, which was specially designed to deliver transparency when it comes to governance, efficiency, together with global scalability, has just gone to announce their new partnership.
They have gone ahead to partner with weiDex, which is a decentralized crypto exchange. Along with, the needed support and guidance that will be offered from the developers of aeternity expect to see promising moves from the partnership.
The partnership will include an adequately structured investment that will be able to facilitate proper development of the very first decentralized exchanges that will be designed by the weiDex.
One that will be able to operate comfortably on the current aeternity blockchain, it has also been developed in a manner that it will be able to make use of the unique protocol that has a technological stack in place.
The partnership will bring about various benefits
With the partnership in place, it will let the current users be able to easily carry out some easy cross-chain, automatic and trust free swaps that can take place between the AE tokens together with a number of crypto coins in the market.
You will be able to transact with ether, bitcoin, and the NEO. But this is not all as there will be a decentralized exchange, one that will be easily integrated into the aepps, all this to ensure that it provides the users with a convenient gateway to the existing ecosystem of the aeternity. At the same time, it will also enable new users to easily and quickly acquire AE tokens that can be used on the platform.
According to the CBDO of the aeternity who is also the CEO of the aeternity ventures, Nikola Stojanow, the user who are still on the centralized exchanges will face several issues when it comes to the day to day transactions that they carry out.
Some of the main challenges we should expect to see are the risk of being hacked, your funds been blocked, unexplained downtime and a possibility of some personal data leaks.
He goes on to state that the company is very excited to see the gradual growth in the usage of the decentralized exchanges from platforms like weiDex, as this company has taken the necessary steps to address the current issue.
The aeternity platform has been considered to be an ideal company that weiDex will be able to build on, as it has been designed in a manner it is able to handle large amounts of the secure trades; thus, it will effectively allow the different users to swap the current tokens quickly and privately in the most convenient way.
In addition to all these developments taking place, aeternity will go ahead to provide the weiDex with about $100,000 that will be used in funding. These funds will be used by the company in the investment of their ongoing development and research.
According to the CEO of weiDex, TitoTotov he can clearly see that the decentralized exchanges will be the future of the crypto trading. It is the reason behind the partnership they have gotten into with aeternity so that they will be in a position to develop the very first decentralized exchanged that is on the aeternity blockchain.
A platform that will be able to let different users to trade their tokens transparently and safely.