Introducing Wrapped SZO (wSZO) the freely tradable representation of SZO and a brand new UI for the farming of $SZO
Recapping some of the important details:
Token Name: ShuttleOne (wSZO)
SZO Token Address: https://etherscan.io/token/0x6086b52cab4522b4b0e8af9c3b2c5b8994c36ba6
wSZO Token Address: https://etherscan.io/token/0x5538ac3ce36e73bb851921f2a804b4657b5307bf
Total Number of Tokens Provided by Project Team: 2,000,000 Wrapped SZO
Crowdpooling Token Allocation: 1,000,000 Wrapped SZO (0.5% of the Total Token Supply)
Crowdpooling Token Price: 1 wSZO = 0.25 USDT
Crowdpooling Hard Cap: 250,000 USDT
Crowdpooling Start Time: 5:00 PM February 22, 2021 Singaporean Time (UTC+8)
Crowdpooling End Time: 5:00 PM February 23, 2021 Singaporean Time (UTC+8)
Note: After the conclusion of the Crowdpooling campaign, wSZO tokens will be immediately sent to each participant’s wallet. DODO will then make the wSZO/USDT trading pair available for public trading.
What is wSZO?
Like Wrapped Nexus Mutual (wNXM) the freely transferable token of NXM where only KYC-ed members of Nexus Mutual are able to wrap and unwrap, wSZO represents the freely tradable representation of SZO where only KYC-ed holders of SZO are able to wrap and unwrap.
Why Have A KYC-ed Token? Doesn’t it cause more problems?
ShuttleOne, the issuer of the $SZO token is currently undergoing licensing application in the Republic of Singapore under the new Digital Payment Token constitution in the 2019 Payment Services Act. In short the crypto law of Singapore.
From day 1, we’ve been designing the ShuttleOne.Network with the on-coming regulations in mind. Therefore, any source that issues SZO (i.e ShuttleOne SpacePods) needs to be KYC-ed in order to comply to strict Anti-Money Laundering laws that are creeping up in the crypto industry.
If I farmed $SZO from the SpacePods, do I need to KYC?
No. You do not need to KYC.
ShuttleOne has already KYC-ed the source of issuance (in this case the SpacePods) and you are able to transfer it to anybody without restrictions.
I have $SZO, can I trade it?
The tradable token of $SZO is wSZO. You will need to wrap your $SZO in order to trade wSZO.
You may wrap/unwrap your tokens here
If I participated on the IDO on Dodo v2 do I need to Wrap/Unwrap to trade?
No. You do not need to.
What are the Smart Contracts of $SZO and wSZO?
Is the supply of wSZO and $SZO the same?
Yes. 1 SZO = 1 wSZO
However, holders of SZO may not wrap their tokens immediately and may keep it in the main token, so supply may differ.