WingRiders, the DEX powered by VacuumLabs, to Launch IDO on OccamRazer
May 30, 2022. ZUG, SWITZERLAND — OccamFi is proud to announce WingRiders as the latest partner to launch their IDO on OccamRazer. WingRiders will debut the WRT token in June 2022 (expected IDO is in approximately 4 weeks).
WingRiders is a decentralized exchange (DEX) with the codebase powered by VacuumLabs and native to the Cardano blockchain’s mainnet. With over 60 million ADA in total liquidity, the DEX is already live on Mainnet. WingRiders is an infrastructure project focused on building a light, browser-based exchange and wallet integration possibility (first example Nu.fi) and overall empowering decentralized applications (dApps) and their need to transition from one token asset to another.
OccamRazer will lend its platform to host WingRiders’ IDO. The Occam.fi ecosystem and particularly OccamRazer’s role in the further development of Cardano projects united the two projects to collaborate.
“The WingRiders team wanted to ensure a strong technical foundation for the launch of their IDO, which we can provide with OccamRazer. We look forward to hosting the launch of the $WRT token for the Cardano community and beyond.” — Max Mironov, CTO
The WingRiders platform has already brought many unique features to the Cardano ecosystem. Among them are ADA autostaking in liquidity pools, wrapped ERC20 based key assets as Stablecoins (USDc, USDt) but also ETH and BTC.
Furthermore, there is embedded integration into staking platform Nu.fi, already supporting three blockchains (Solana, Flow, Cardano). The DEX supports direct interactions with hardware wallets (Trezor and Ledger), which means it can be used on Android devices, as well. This brings the current overall number of supported wallets to 8.
Furthermore, the DEX not only supports ADA-to-Token swaps, but also Token-to-Token swaps (direct exchange without having to go via ADA). This allows for greater flexibility and better exchange rates for users. The team has experience in Cardano from its inception, working with the biggest names out there. Beyond the virtual impact, the project has committed to building an ecology impact fund with the aim to support the rewilding of our planet.
The project differentiators are nicely summarized in this video.
As for governance, the platform is building itself up to be purely governed by a Decentralized Autonomous Organization — essentially governed by the community via the platform governance token. The $WRT token will provide utility possibilities for its holders on the DEX, acting as a governance token, enabling the community to take part in key decision making for the project’s development.
“We are looking forward to collaborating with OccamRazer; they are an excellent platform with a great long term vision, which aligns with us at WingRiders. We are excited about the opportunity to engage with their community and build out the Cardano ecosystem together.” — Liam Bussell, CMO of WingRiders
Get ready to fly with WingRiders!
Follow WingRiders’ social media channels to stay up to date with the latest news:
Follow Occam.fi’s social media channels to stay up to date with the latest news:
Telegram Official Community — https://t.me/occamfi_com
Telegram Announcements — https://t.me/occamfi
Medium — https://medium.com/occam-finance
Twitter — https://twitter.com/OccamFi
Reddit — https://www.reddit.com/user/OccamFi