Breaking New Ground: WX Network Relaunch
The first phase of our rebranding started last year with changing our name to WX Network. The reason for that was obvious, as for years, we had been showing rapid growth. In the beginning, it was a simple crypto wallet that later turned into a decentralized exchange. Now, WX Network is a comprehensive ecosystem featuring various products for creation and swapping tokens, holding, trading or investing crypto, with web, desktop and mobile clients, a user-friendly interface and a reliable blockchain under the hood. WX Network is more than a wallet or an exchange. WX Network is a place to start a deep dive into the Web3 and crypto world.
The second phase of our rebranding is focused on migration and relaunch. For years, we tested numerous features, some of which worked well and brought great passive income to our users, while some other features and products were less useful. In any case, we always tried to do our best to provide our users with opportunities to interact with the Waves blockchain via our interfaces.
In this relaunch, we are highly pleased to present you the best products on the new domain — wx.network.
Token creation feature
From the very beginning, the ability to create tokens was, to a large extent, the Waves blockchain’s killer feature. Back in 2017, users were able to create their tokens and run ICOs. Now, WX Network offers technologists and entrepreneurs full-lifecycle token governance. Each user can create their own token, verify it, create liquidity pools with it and promote it to investors.
Liquidity pools
Between the launch and present time, liquidity pools became the heart of WX Network product range. By providing liquidity to the pools, you enable other users to swap and trade on the spot. One important feature of WX Network liquidity pools is the ability to provide liquidity to any pool with a single token. As a great bonus, you receive rewards for your investments.
Liquidity pools based swaps
The swap is an indispensable tool for both experienced traders and newbies in the crypto world. Swaps are an integral part of any DEX that allows users to exchange cryptocurrencies and tokens in many directions without any limitations on amounts, as liquidity is provided from the pools. All transactions are made through a public smart contract.
Governance
Decentralization and engagement of the community in ecosystem governance remain among top priorities for WX Network. Therefore, governance is another core feature on WX Network. Since its launch, we have implemented changes to the governance process. We released the proposal voting, enabling users to propose their ideas and vote for changes. We also released the WX emission voting, which allows us to change the WX emission. For everybody’s convenience, we decided to remove the pool verification voting, which will simplify the procedure of pools’ creation and speed up the process of WX emission voting. But we changed the process of token verification voting, and now, any user can suggest any token for verification or suggest removing the verification label from any token. Also, we added an opportunity to make airdrops for those who voted for a token, which will be useful for future projects.
Decentralized PepeTeam bridges
Not only the WX Network team was involved in the realization of our plans. An independent team — PepeTeam — developed decentralized bridges, which were implemented on WX Network and moved to the new domain. BNB Chain, Ethereum, and Polygon are currently available, but we are looking forward to future integrations and are happy to collaborate with PepeTeam.
WAVES staking and trading are also moving to the new domain. Meanwhile, WX gateways, algo trading, Lambo investments and LP staking are staying on the waves.exchange domain, so you won’t find these products after the migration. As for WXG tokens — if you don’t have WXG tokens in your wallet — you won’t find them in your wallet on wx.network, as most of them are currently in the process of buyback and delisting, but if you do have WXG tokens, they will be displayed. You can learn more in this article.
Community engagement program
Simultaneously with the migration, we are happy to announce our community engagement program involving the Zealy.io platform. For a couple of months, we have been testing different types of tasks in order to understand the audience. Now, we are happy to present to you our community page. On our page, you will find several categories of tasks, each of which brings users a different amount of XPs (experience tokens). Each month, we will sum up the results of the leaderboard and airdrop WAVES prizes. Stay tuned, a new article about Zealy quests is on the way.
What’s next?
As we already mentioned, we are planning to continue to implement PepeTeam bridges to provide our users with the ability of cross-chain transfers. All future products will be based on PepeTeam tokens. New liquidity pools featuring these tokens will be created, and some new staking and swapping products are to come soon. We are planning to release the buy crypto option together with PepeTeam to give our users an opportunity to buy crypto directly on wx.network, using fiat providers. Also, this year, we hope to release derivatives and other financial tools for traders.
Secure migration
In order to start using your wallet on a new domain, you need to go through the migration process.
What is important about migration is that your seed phrases are not stored on a central server — they are held locally on your device, just as before, so your security is not compromised. That means that only seed and Ledger accounts are to be migrated. Those using email, Keeper Wallet or MetaMask to log in to the wallet will simply need to log in on the new domain — wx.network.
To start migration, you need to open waves.exchange web page, and you will see a pop-up window with information about the migration process. Simply follow the instructions.
ATTENTION!!! The migration process for web wallets is ONLY available from the web domain https://waves.exchange. To complete migration for the desktop client you must use the Waves.Exchange desktop application you have already installed.
Do not use any other domains for migration, do not input your seed phrases and/or private keys anywhere, and do not download any other clients aside from the software indicated for the migration process from your current Waves.Exchange account. The migration process does not require you to input your seed phrases and/or private keys anywhere. Waves.Exchange employees will never ask you to provide any kind of personal information, including private keys and/or seed phrases.
You do not need to pay or send any tokens to anyone to complete migration.
For any questions related to account migration to the new domain, please contact us via online-chat. Stay tuned.
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