WX Network: Roadmap 2023

The year 2023 began quite actively for WX Network: work on rebranding is drawing to a close, while the execution of plans for this year is already in full swing. We’ll discuss our plans in this article.

Q1

Decentralization and engagement of the community in ecosystem governance remain among top priorities for WX Network. Already in January, the team implemented a new type of votes on proposals, enabling the community to make decisions on changes to the protocol. The new vote type’s rules are standard:

each vote has a limited period, voting is only possible with gWX, a vote is considered valid if a quorum was reached, and it is possible to cancel or change your vote before the end of the voting period.

In the first vote of the new type, a new mechanic for the boosting coefficient and WX emission was adopted, which is described in more detail in this article. However, this is just the beginning, and new votes that are set to define WX Network’s development lie ahead. If you have proposals for improving WX Network, we will be glad to consider them.

You can submit your proposals here.

In the first quarter, WX Network plans to broaden the integration of liquidity pools in various products and to implement pool-based swaps, as well as to revamp the current LP staking mechanic.

The first quarter’s most important release will be integration with PepeTeam on decentralized cross-chain bridges. The new bridges’ main advantage will be a transparent and decentralized protocol for cross-chain interaction that facilitates cheap and secure liquidity movement between blockchain platforms, avoiding liquidity fragmentation.

Also, in the first quarter, the final stage of our rebranding will be implemented: migration to the new domain wx.network. We are already preparing articles for you that describe the migration in a clear and straightforward way, which will help make the migration process totally seamless.

Q2

One of WX Network’s major goals is to constantly offer users most user-friendly and profitable tools. In line with this goal, in the second quarter, the implementation of a new boosting mechanic, recently adopted by the community, is expected to be completed. Subsequently, work on implementing stop-loss and take-profit orders, promised a while ago, will begin. As a result, users will get a broad selection of efficient trading tools.

Another major task for the second quarter is continued integration with PepeTeam and addition of new fiat providers for convenient and secure purchase of crypto with a bank card directly in the WX Network interface. This is an important step towards our long-term goal of mass crypto adoption.

Q3

In 2022, a partnership between WX Network and Waves Camp was announced, and work on ILO began, which will continue with new gateways. Also, there are plans to expand the functionality and make the interface more clear and understandable for all users. Thanks to that, it will be possible to submit new projects for ILO, while users will be able to invest in most promising projects.

In addition, the third quarter will see some minor changes to the protocol governance process: voting mechanics will be updated, enabling users to more efficiently promote their projects.

Q4

The potential of decentralized finance tools remains significant. Therefore, to keep pace with major market players, in the fourth quarter, we’ll focus on the implementation of decentralized derivatives and integrating them into the WX Network trading terminal. Someone might think that spending an entire quarter on a single task is a bit extravagant. However, this is not exactly a trivial task, and its execution requires unconventional approaches and innovative ideas.

Conclusion

Under current circumstances, the situation in the crypto market changes rapidly, and changes are often unpredictable. Therefore, building a strict roadmap and closely following it would be quite difficult. So, we are prepared to show maximum flexibility and adapt to possible changes in the market conditions. Certainly, we will inform the community about all changes to our roadmap and will listen to feedback and ideas coming from community members.

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