Wing 2021 March Recap
This month, the total locked funds on the Wing platform rose again as it continued to stabilize at more than 200 million US dollars! In addition, significant progress was made in a number of partnerships with our ecosystem partners, as well as the release of our limited edition NFT of the same name of Wing issued by PolkaPets was sold out within half an hour! We also announced that the Ethereum version of Wing will use the Ontology-based digital asset provided by the Chainlink oracle to feed prices. On the farming side, our pWING-pONT trading pair was included in the SushiSwap liquidity mining incentive project in the Onsen Menu, where participation resulted in additional SUSHI incentives. Finally, the ONTO Web plug-in was integrated with Wing, providing users with a web version wallet option that is more convenient for cross-chain asset transactions. ONTO is the only wallet that can manage assets on the Ontology chain and the Ethereum chain at the same time while allowing for interaction with the Flash Pool.
Recap Of Highlights
February 27 — Ontology’s Head of Business and Strategy, Nick invited to attendthe live event “Dao Fest,” a new generation DAO technology project. He introduced the progress of Wing and the results of Wing DAO community governance.
March 3 — PolkaPets launched a limited edition NFT of the same name as Wing. Within half an hour after the launch, 800 Wing NFTs were sold out.
March 5 — “The Earn Wing When You Vote” community activity. Community members only needed to post and reply to the official Wing forum to participate in the lottery, which stimulated community members’ enthusiasm for Wing DAO governance.
March 6 — Published a fun article “7 Little Things You May Not Know About Wing” to provide community members with a more vivid project introduction. Co-organized a Weibo lottery with PANews. 10 people were drawn, and each person was given 1 WING
March 9 — The pWING-pONT liquidity mining activity started, with an APY of 378.47%.
March 17 — It was announced that it will use two pairs of Ontology-based digital asset feeds provided by Chainlink oracles on the upcoming Ethereum version Wing, including WING/USD and ONT/USD.
March 22 — The Wing DAO community fund was unlocked for the first time, and 375,000 WING in the original custody account have been transferred to the Unlocked Community Fundaccount. The unlocked WING this time was credited to the total circulation of WING. The specific usage method will be based on the proposal of Wing DAO community members, discussed together and decided through WIP voting.
March 23 — WING opened the sixth monthly buyback, using 50% of Wing DAO’s revenue this month to repurchase and destroy WING through auction. In less than three days, all assets were sold out. A total of 3,719.161315052 WINGs have been destroyed.
March 30 — The pWING-pONT trading pair has been included in the SushiSwap liquidity mining incentive project Onsen, and participation in mining can obtain additional SUSHI incentives. ONTO Web page plug-in version wallet is officially integrated with Wing, and Wing’s connectable wallet adds an important option.
Community Governance Votes & Execution Progress
WIP — 29: Whether to allocate 5K WINGs to incentivize the liquidity of the pWING-pONT trading pair on SushiSwap — PASSED. On March 9, we started our pWING-pONT liquidity mining activity.
WIP — 30: Whether to launch Bond Pool and introduce UPRETS as the first bond issuer to issue the first bond — FAILED TO PASS.
WIP — 31: Whether to allocate 500,000 WING to promote the future development of Wing — ONGOING.
Global Activities, Media & Ecosystem Development
According to the results of the 12th Wing DAO community voting, 35K WING of the 70K WING generated during the Wing Creation Mining Multiplication Event due to the rate adjustment can now be used for Wing’s marketing.
The following is the usage of the Wing DAO Market Fund in March:
Community activity — 28.87
Media Purchase — 9.95
Total: 38.82
On March 4, PolkaPets, a well-known blockchain NFT project, released a tweet, announcing that the limited number of NFTs were sold out, including PolkaPets NFT of the same name as Wing.
On March 6 & March 16, CryptoDiffer released a tweet, and WING ranked among the seven cryptocurrencies with the highest 24-hour increase.
On March 8, CryptoDiffer released a list of DeFi projects, with Wing being listed on the top 15 DeEFiI projects with the highest market value.
On March 15, Wing DAO community leader and Ontology’s Head Of Ecosystems in the Americas, Erick Pinos, wrote an article “Decentralized Credit Ratings Are Indispensable for DeFi Applications,” which provided an in-depth interpretation of how OScore empowers Wing with credit elements.
On March 16, the well-known media CryptoDiffer reported that Chainlink will provide Wing with an ontology-based digital asset feed.
On March 19, the well-known media Altcoin Buzz released a video detailing the cooperation
between Chainlink and Wing and its positive impact on the recent currency price of WING.
On March 25, the well-known investment institution Cabin VC released the 2020 Digital Securities Industry Development Report. The report mentioned that the Wing Inclusive Pool can achieve insufficient mortgages and release a large amount of liquidity.
That’s all for March folks — but stay tuned for April as we are launching the Ethereum version of Wing to support more types of digital assets, including stocks, bonds, and real estate collaterals, so stay tuned!
Thanks to every community member for your attention and support!
