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Jafrin Ahmed
Feb 26, 2021
by Jafrin Ahmed

New WDX Crypto Exchange Built On Community Consensus System

WDX crypto exchange
Financial Fortress Advisor Limited (FFA) has announced the launch of its own cryptocurrency exchange WDX (WeDream Exchange) with a focus mainly on the Asian cryptocurrency market. WDX will be launched as the world's first quantitative trading crypto exchange built on a large-scale community consensus system. As there is no central authority or figure that one needs to abide by, therefore, users have to rely on the consensus of the whole community.

WDX Exchange Follows the Community Consensus

Financial Fortress Advisor Limited is a pioneer in the development of digital asset quantitative trading. The launch of its latest WDX exchange makes it one of a kind platform built on a community consensus system.

For instance, when a customer makes a deposit in the cryptocurrency exchange, the consensus contract built into the exchange gets activated. This allows users to interact with each other while managing the price of the WeDream Token (WDT).

Through repeated trading to release the locked principle tokens, the cycle creates a profit-sharing model. Overall, it contributes to a stable and increasing price, which increases the value of the token.

In the case of GameStop, it was found that even small-scale investors teamed together can raise the price of a stock in the short term.  The community consensus became a prime example of GameStop’s surging prices. The power of decentralization was evident in the small-scale investors' efforts to rally up GameStop’s stock prices.

Community Consensus Evident During GameStop's Surging Prices

Similar to the community consensus that boosted up the price of GameStop, WDX's community consensus mechanism takes into account the community's total token storage, unlocking, and quantitative trading.

This way the token price on the platform has a unique upside benefit with increased profit margins. To put it simply, WDX crypto exchange harnesses community consensus in a similar pattern of buy-sell orders.

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New WDX Crypto Exchange Built On Community Consensus System
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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