Can any coin and token be traded on your decentralized exchange? Do you need a partnership to produce and operate those debit cards and if yes, who will that be?
Yes, all tokens who will follow our rules, guidance will be added to our decentralized exchange. Yes we need a partnership to produce debit or prepaid cards. At the moment, we can not tell who our partner will be because huge manipulation is happening. Wave crest along with the rest of their partners canceled all transactions(cash outs, top ups) on their cards via eny crypto currency only to cause a panic on market so some other felas - read BIG NAMES could get into it + everything happened too fast last year so governments were not ready for this.
But do not sell you favorite tokens because of this panic because in Q3 Q4 everything will be crystal clear again.
We will make custom decentralized exchange + wallet od SLT token to suit our needs because we have unique project in our hands so there is not copy/paste exchange just implement it on our site.
Because of all this manipulation we decided to launch our fully operational exchange with the prepaid card in begining of 2019. Of course we will start preparation much sooner.
We already started, actually. few days ago we reserved our domain to avoid "smart asses" who would reserved it before us and try to sell it for ridiculously high price back to us.
wallet for SLT token will probably be much sooner than exchange.
Wavecrest is not the only card issuer in the world but it is the biggest with high influence.
Hope, this answered your questions.
Regarding card, we will wait " air to clean a little bit" - it should be clean enough until Q3, so we can announce our Card Issuer parner.
Regarding exchange - we already started to work on it - it will be fully operational at the end of Q4 or begining of Q1 "19 - this is a big project we need time.
Regarding wallet for SLT token - will be finished much earlier than exchange itself
Thanks for getting back in such detail. If your exchange is fully decentralized are you also going to deal with fiat money?
Thank you for your query, With this kind a questions we can make better introduce and explain our project in details.
Yes we will deal with FIAT money but on our way, members probably will not be able trade directly against FIAT but they will have option to cash out FIAT money via our app - separated wallet for SLT token which members can sell for FIAT and cashout on their bank acc or our prepaid card.
Making seperated exchange wallet allow us to register as a ltd. which sells digital goods
and yes unfortunately when members reach certain limit which is stated in financial law theay have to Verify themselfs trough KYC but that is only for that wallet if they reach certain limit. But they can trade without limit and no questions asked because it is a decentralized exchange
We will explore more our options regarding FIAT money but for now it will be like I explained above. If we use USDT - which is token as well we can use our token instead to cash out you have to be verifed on both tokens. In last few months USDT had a lots of accusations regarding BTC prica manipulations, so we will see what we are going to implement. For now is lika I explained in first part of this text.
Thanks againg for your question, if you have more questions like this one we would be delighted to answered them because trough them we have opportunity to explain more about our project.