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WandX ICO summary information

Conceptual Model

WandX is a decentralized platform on the Ethereum blockchain which enables users to create, trade, and settle any financial instrument on crypto-assets. Using the Wand Token, users can invest in ETFs (Exchange Traded Funds), buy cryptocurrency futures, and trade in illiquid assets through a portfolio of assets.

Project Description

WandX is a decentralized platform on the Ethereum blockchain which enables users to create, trade, and settle any financial instrument on crypto-assets. Using the Wand Token, users can invest in ETFs (Exchange Traded Funds), buy cryptocurrency futures, and trade in illiquid assets through a portfolio of assets. Team:Abhinav Ramesh: Founder and CEO. Sridhar Kolapalli: Platform Architecture. Dinesh Rekula: Distributed systems and Smart Contracts developer. Amit Maurya: Full stake developer. Regardin the Presale  there were 2,496,000 tokens sold during the Presale. The rest of the tokens will offered as a Seasonal Token Offering during the release of WandX 2.0. WandX will be holding its ICO on October 22nd, 2017. The ICO token supply represents 66.7% of the total token supply, so there will be a total of 45,504,000 tokens available. The rest of the tokens will offered as a Seasonal Token Offering during the release of WandX 2.0. The ICO funding target is 9000 ETH, the funding cap is 12500 ETH and is expected to end on November 22nd, 2017 or when the funding cap is reached.Token Reserve Split (33.3%):5.2% Pre-token sale;28.1% offered as a Seasonal Token Offering during the release of WandX 2.0.;Bonus Structure:Token sale whitelist - upto 3000ETH. 18% bonusToken sale whitelist - 3000ETH-6000ETH. 12% bonusToken sale whitelist - 6000ETH-9000ETH. 6% bonusToken sale whitelist - 9000ETH-12000ETH. 0% bonus Find more information about about Bonus structure here.

Founders and Associates

Abhinav Ramesh -Founder & CEO

Sridhar Kolapalli -Platform architecture

Dinesh Rekula -Distributed systems & smart contract developer

Amit Maurya-Full stack developer

Inder Singh -UI/UX designer

Vivek K -Strategic partner

Shyam Mamidi -Director

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*Disclaimer: This data should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency/cryptotoken or ICO.
WAND Latest Updates
May 21, 2018

Development update — Decentralized Put Options on ERC20 Tokens (Part 1)

In the financial markets, a Put Option is a derivative that enables those who purchase the Option to speculate on the fall in the price of an asset. The option contract gives the owner the right, but does not enforce obligation, to sell a specified amount of an underlying security at a specified...

From: Abhinav Ramesh

May 18, 2018

Micro-contracts — A new standard for trading ERC20 Tokens

ERC20 Token trading currently happens on exchanges — centralized and decentralized exchanges. Order books are also divided into both centralized and decentralized order books.But what if the concept of an order book can be eliminated altogether and orders can be generated on a smart...

From: Abhinav Ramesh

May 16, 2018

WandX’s Basket Protocol

Modern financial services markets have developed over the course of the past few centuries. The origins of modern day banks is widely attributed to the affluent cities of Florence and Venice during the Renaissance, and soon spread across Europe throughout the Holy Roman Empire. Over the...

From: Kenny Li

April 06, 2018

Development update — Enabling a liquidity layer of ERC20 Token Baskets using the WandX Basket…

Development update — Enabling a liquidity layer of ERC20 Token Baskets using the WandX Basket protocolAt WandX, we have built a protocol that enables users to create and trade ERC20 Token Baskets entirely through smart contracts. A Token basket is a group of ERC20 Tokens bundled together,...

From: Abhinav Ramesh

March 26, 2018

Development Update — Payment channel for ERC20 Tokens

The development of the WandX platform has been going well for the last 1 month. We’re on track to meet the roadmap deadlines as outlined on https://wandx.co. We have just released the contracts that enable seamless payment through any ERC20 Token using a payment channel. This can be applied in...

From: Abhinav Ramesh

March 12, 2018

WandX Decentralized Exchange and basket protocol release 1.0

Development on the WandX roadmap as given on wandx.co has been going well and we’re on track to meet our goals. We’ve released the first version of our decentralized exchange at exchange.wandx.co. This application not only allows users to trade in ERC20 Tokens in a fully decentralized...

From: Abhinav Ramesh

WandX Decentralized Exchange release 1.0

Development on the WandX roadmap as given on wandx.co has been going well and we’re on track to meet our goals. We’ve released the first version of our decentralized exchange at exchange.wandx.co. This application not only allows users to trade in ERC20 Tokens in a fully decentralized...

From: Abhinav Ramesh

December 08, 2017

Token sale summary

Thanks to all those who have contributed to the WandX Token sale! Find below a summary of the Total Eth raised as well as our roadmap for the next two months.Total raise from ICO through Ether — 1900ETHTotal raise from Fiat currency — $230,000 (500ETH approximately)Total ICO...

From: Abhinav Ramesh

November 15, 2017

Weekly Development update 4 and burning Tokens

Updates on the business side of things:We’ve partnered with Pundi X, the leading payment solution provider in Indonesia to enable payment in Wand Tokens, two months after the Token sale. The details are yet to be finalized, but this would serve to increase the liquidity of the...

From: Abhinav Ramesh

November 10, 2017

Managing the storage problem in Solidity — the Split vault algorithm

While preparing for the WandX mainnet release after our prototype release, we were exploring scalable smart contracts for Order Management. While planning and thinking about our orders storage, we came across a few issues -Array size: The size of the array to store orders was too largeContract...

From: Abhinav Ramesh

November 08, 2017

Weekly development update — 3

Latest prototype released onto the Ropsten testnet. Civic login has been disabled since there were issues with getting the CIVIC text message to confirm the authentication. Standard Google and Facebook Login has been enabled.Much improved UI and UX. We’re gearing up for a mainnet release in...

From: Abhinav Ramesh

October 31, 2017

WandX™ partners with Bancor Protocol™ to create Token Relay™ for increased liquidity of Wand Token

WandX, a platform that creates ERC20 Token instruments and enables trade of digital assets such as loyalty points, has joined the Bancor Network™, a Smart Token™ cryptocurrency protocol, to maximize the liquidity of the Wand tokens post token sale.As a result of this integration, holders of...

From: Abhinav Ramesh

October 26, 2017

Token sale process — Update

Find below the Token sale process:1. Go to https://wandx.co2. Click on the Token sale button.3. Register with Google or Facebook4. Enter your name and the Ether address from which you’ll contribute.5. You will have to read the Terms of the Token sale, the Terms and Conditions of the Platform,...

From: Abhinav Ramesh

October 24, 2017

Weekly development update — 2

Since the release of our prototype 1.0, feedback around our smart contracts have been really good, all transactions are seen on the Ropsten testnet, with these contracts enabling creation and trade of a basket of ERC20 Tokens with a single transaction. The contracts are designed to be all or...

From: Abhinav Ramesh

October 11, 2017

Where we are now

This post will be updated from time to time to give a clear picture as to where we currently are as a platform. We’ve built an Ethereum Token marketplace which enables anyone to create an ERC20 Token in less than 5 minutes, as well as trade any ERC20 Token entirely p2p through our smart...

From: Abhinav Ramesh

October 08, 2017

Pre-sale whitelist and sending ETH

Those on the pre-sale whitelist will have to send ETH to the address mentioned on the Token sale page at 2pm GMT on October 8th.Only send the amounts that was discussed either through telegram or email. If it is higher, we will return the rest, since the total could cross 550ETH for the...

From: Abhinav Ramesh

Official WandX Bounty Campaign Terms

We are happy to announce the WandX bounty program for the community. WandX is a platform on which users can create and trade financial instruments on ERC20 Tokens. Using the Wand Token, users can invest in smart contract based ETFs (Exchange Traded Funds) or create or trade in a portfolio of...

From: Abhinav Ramesh

October 07, 2017

WandX — the vision and where we are now

Currently there are over 200 ERC20 tokens on Ethereum, with the list growing larger every day; various exchanges facilitate the transfer of fiat to cryptocurrrency (eg: Coinbase), as well as cryptocurrrency to cryptocurrency (eg: Shapeshift). In the last few months, we have seen the emergence of...

From: Abhinav Ramesh