FAQ

wEX helps users swap fiat and stablecoins with:

• Escrow for the crypto side.
• Ratings + PoSFI signals to make trust harder to fake.
• In-app chat to keep negotiation auditable.

Start here: Introduce.

It makes local P2P swaps safer and easier to coordinate:

• Better local discovery (map + filters).
• Clear settlement steps (escrow flow).
• Connect real users without overpaying
• A score that rewards good behavior over time.

Full flow: Use case.

The core flow targets stablecoins:

• USDT
• USDC

See: Use case.

Fiat settlement is off-chain. Common options:

• Cash
• Bank transfer

You still need to agree on details in chat.

Network support depends on the environment (Testnet vs mainnet).

In the core flow, networks are treated as an offer setting.

Examples mentioned in the MVP flow:

• TRC-20
• Solana
• Base

During Testnet, supported networks can change and are announced in-app.

See: Testnet terms and Use case.

MVP components include:

• Mobile app (iOS and Android)
• Web client

See: Introduce.

The product is designed for global coverage.

Discovery is optimized for local trading using location filters.

See: Features.

• Maker creates an offer.
• Taker responds to an offer.

Maker/taker flips by side. This matters for who deposits escrow.

See the roles section in: Use case.

The stablecoin seller deposits stablecoins into escrow.

Then:

1. Buyer sends fiat (cash or bank transfer).
2. Seller confirms receipt of fiat.
3. Escrow releases stablecoins to the buyer.

See: One-sided guarantee (escrow).

Escrow reduces crypto-side risk:

• The stablecoins are locked before fiat is sent.
• Stablecoins are released after fiat is confirmed.

It does not remove all fraud risk. Fiat is still off-chain.

Unsuccessful deals reduce your score.

Examples:

• Cancelled after acceptance.
• Escrow timeout.
• Dispute loss.

Definition: Rating system.

No.

Escrow makes the crypto side enforceable. Fiat is still off-chain.

Use:

• Reputation signals.
• In-app chat logs.
• Safe meeting and transfer practices.

Practical defaults:

• Keep negotiation in in-app chat.
• Prefer counterparties with higher score and better history.
• Start with small sizes when dealing with a new counterparty.
• Don’t accept “move to another app” pressure.

Reputation model: Rating system.

Dispute outcomes are treated as deal outcomes.

Losing a dispute counts as an unsuccessful deal.

See outcome classification: Rating system.

The score is your in-app reputation number.

It impacts:

• Tiers
• Fees
• Access to certain actions

Formula and examples: Rating system.

High-signal inputs:

• Successful deals.
• Better PoSFI multiplier (Ethos-derived).
• Linking accounts (Telegram, and optionally X).

Details: Rating system.

Linking X:

• Increases base score (Telegram + X vs Telegram only).
• Enables an X bonus that offsets 1 unsuccessful deal.
• Improves the default PoSFI multiplier behavior.

See: Rating system.

Tiers convert score into:

• A visible badge.
• Lower app fees at higher tiers.
• Higher referral share at higher tiers.

Full breakdown: Tier system (including referral and app fees).

The maker chooses who pays the fee per order:

• Buyer pays, or
• Seller pays

Fee is charged only on successful completion.

See: Tier system (including referral and app fees).

Fee is tier-based:

• Inside a tier, the fee rate stays constant.
• When you cross a tier threshold, the new tier fee applies immediately.
• The fee rate is based on the tier of the account paying the fee.

See: Tier system (including referral and app fees).

Testnet registration is planned for Q2 2026.

Access may start invite-only.

See: Registration and Roadmap.

No.

Testnet uses mock tokens (mock USDT/USDC equivalents).

They have no real-world value.

Rules: Testnet terms.

• Carries over: referrals earned during Testnet.
• Resets: ratings, tiers, discounts.
• Points: Testnet-only. Can be used for mainnet reward eligibility.

See: Testnet terms.

Points are a Testnet participation metric:

• Non-transferable.
• No monetary value.
• Used for reward eligibility decisions (if/when announced).

See: Point program.

High-signal activities include:

• Completing deals end-to-end.
• Consistent activity over time.
• Bug reports with clear steps and evidence.
• Referring users who become active testers.

The exact formula is intentionally not published.

See: Point program.

Tokenomics is currently TBA.

See: Tokenomic.

The current design:

• Monthly USDT distribution.
• Pool size: 100% of company revenue for the period.
• Revenue definition: net app fees collected − referral payouts.
• Time-weighted stake determines payout.

Details: Revenue system.

Yes, by design:

• Treasury tokens are “staked forever”.
• Treasury stake is included in time-weighted totals.

This impacts user APR.

See: Revenue system.

wEX is designed to:

• Hide personal profile details by default.
• Show only what’s needed to trade safely (example: a score).
• Keep negotiation in-app for auditability.

See: Privacy controls.

Travel Rule support can be exposed as an optional account feature:

• Opt-in accounts can provide additional identity fields.
• It can unlock trading with regulated counterparties and partner rails.

Overview: Travel rule.

Requirements vary by jurisdiction.

A common model uses a 1,000 USD/EUR threshold:

• Under threshold: names + wallet/tx reference (verification risk-based).
• At/above threshold: additional originator identity fields.

Practical checklist: VASP.