Announcing Wault’s Next Product — WSwap!
Although it’s only been 1.5 months since Wault Finance has launched, we’ve been moving at breakneck speed along the trajectory of our roadmap. You can see this when reviewing some of Wault’s recent achievements:
• Building the Locker and locking up millions of USD in funds
• Deploying Vaults integrating profitable strategies
• Opening LaunchPad and creating a pipeline of projects
• Launching not one, but TWO successful presales, both achieving multipliers in the dozens off presale price!
And those are just the major achievements.
However, the Wault team is always moving forward, which is why today, we’re proud to announce the next addition to our platform — WSwap!
What is WSwap?
WEX is the foundational token of WSwap, which will have the right of governance for the AMM, along with participating in all future utility integrations.
For example, trading fees will be .2%, of which .18% will go to liquidity providers and .02% will go to daily buyback and burn of WEX, creating deflationary pressure and pushing prices up continuously.
The tokenomics of WEX will be the following:
750 000 000 Total Initial Supply
250 000 000 — Airdrop to WAULT holders
250 000 000 — Marketing
125 000 000/250 BNB — Initial PancakeSwap Liquidity
125 000 000/250BNB — Initial WSwap Liquidity
The starting emissions will be 1500 WEX per block divided by all the pools with various allocation points. The emission rate and token limit will be decided in the future by governance. 15% of emissions will go to the dev fund to cover R&D and ongoing operational expenses.
As you can see above, WAULT stakers will be privileged to this free airdrop so they can get WEX right away and start faming. In this way, WAULT will remain as the core governance token of the overarching protocol, continuing to provide utility through its unique fee structure. Meanwhile, WAULT stakers will gain immediate participation in WEX through the airdrop.
Airdrop Distribution Details
We’ll do a snapshot on Sunday, April 18th, 2021, to determine how many tokens each user is staking in our vaults. Below is how the 250 000 000 WEX tokens will be distributed:
120 000 000 WEX — 30-day lockup WAULT/BNB staking pool
120 000 000 WEX— 30-day lockup single-asset WAULT staking pool
10 000 000 WEX — 7-day lockup single-asset WAULT staking pool
The amount of WEX each wallet receives will be allocated in proportion to its number of WAULT staked relative to the total amount of WAULT in each pool. So the more WAULT you lockup, the more WEX you will receive.
30% of the WEX supply will be airdropped on launch and 10% every following week. So you can think of it as the gift that keeps on giving.
Moving forward
With WSwap soon joining our platform, we’ll be one step closer to achieving our dream — Wault becoming the central hub on BSC serving everything DeFi. Yet, this large stride, will be only one step of many to come, as Wault breaks into an unstoppable sprint!
What is Wault Finance?
Wault Finance is a decentralized finance hub that plans to connect all the primary DeFi use-cases within one simple ecosystem on Binance Smart Chain. We believe the benefits of DeFi should be accessible to the masses but in an intuitive way; avoiding the expensive fees, confusing interfaces, and centralized decision-making of many current platforms. So with these goals in mind, we’ve built a protocol with some unique features we believe will amplify the power of wealth-accumulation for our users.
In addition, we believe in open and decentralized governance. That’s why WAULT token holders will be able to vote on and decide all aspects of the protocol’s future development path. Every developer is also welcome to work on and contribute to our open-source code. Come join the movement and help us advance DeFi on the Binance Smart Chain!
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Website: https://wault.finance/
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