wEX is a P2P stablecoin/cash exchange app.
It helps users swap fiat and stablecoins with escrow and reputation signals.
Fiat settlement is off-chain (cash or bank transfer). Escrow reduces crypto-side risk, but it does not eliminate fraud. Use reputation signals and in-app chat logs.
What you can do
- Create buy/sell offers.
- Find matching offers nearby (map + location filters).
- Chat in-app to agree on details.
- Settle deals via escrow (one-sided guarantee).
- Connect social accounts to improve trust signals.
How it works (high level)
- Create a quick request (side, amount, payment method).
- Browse matching offers, or create a custom offer.
- Agree in chat on practical details (meeting point / bank transfer).
- Crypto is locked in escrow.
- Fiat is sent.
- Escrow releases stablecoins after confirmation.
Full flow: Use case.
Key terms
- Maker: creates an offer.
- Taker: responds to an offer.
- Stablecoin buyer: sends fiat and receives stablecoins.
- Stablecoin seller: locks stablecoins in escrow and receives fiat.
Core concepts
- Product capabilities: Features
- Reputation model: Rating system
- Fees and perks: Tier system (including referral and app fees)
Technical components (MVP)
- Mobile app (iOS, Android)
- Web client
- Backend platform
- Order matching module
- Escrow module
- Notifications and alerts