Crypto News - New Wise Token to Join The Binance Smart Chain - Bitcoin News
Crypto News - New Wise Token to Join The Binance Smart Chain - Bitcoin News
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New Wise Token to Join The Binance Smart Chain
Wise is taking the Ethereum world by storm, and now it's about to go reside on Binance Smart Chain (BSC). On April 27th, WiseSoft, the company behind Wise, will run a Wise Liquidity Transformer Event (LTE). This will lock an optimum of 200,000 BNB into a liquidity pool on PancakeSwap and provide early investors a possibility to scoop $544,000 in rewards along the way!
The LTE will last for 15 days, providing BSC users a sporting chance to participate. WiseSoft is expecting to create a $200 million liquidity swimming pool of BNB-backed Wise (ticker "WISB") on PancakeSwap through the LTE. Definitely none of the funds raised through the LTE will go to WiseSoft, with the WISB smart contract instantly locking away the liquidity swimming pool to create total decentralization.
BSC users who participate in the LTE will be able to use the WISB staking contract to stake their tokens, making interest at the same time. Tokens can be staked for approximately 42 years, with the typical stake length being 2.4 years on the Ethereum blockchain. Set for a Q3 birth, WiseSoft is developing a fully decentralized contract that enables financing and loaning cryptocurrencies on a decentralized exchange without the requirement for centralized cost oracles or human intervention.
After the 15-day period is completed, the agreement will start and finish integration with BSC and PancakeSwap. If 200,000 BNB is raised prior to the end of the 15-day period, the occasion will end early, and the integration agreement will start.
There will be rewards up to $544,000 as benefits for presale investors with 6 various ways to qualify for a cut of the rewards pool. Prizes vary from 1% cashback to a $100,000 grand prize for the greatest investor.
With the Wise staking platform offering day-to-day staking periods that vary up to 42 years, BSC users will be able to level up their staking video game. The longer you stake your Wise and offer liquidity to the network, the greater your benefits will be. Anybody can stake their Wise and get rewarded for it. There's presently 4% yearly inflation, with 3% going to stakers and 1% going to affiliates.
Another part of the Wise community is referring friends and other individuals. Both parties benefit from this, with stakers getting a 10% additional interest-earning power if they utilize a referral link and stake for more than one year.
WISE is an ERC-20 smart agreement backed by the value of the WISE that sits in the liquidity pool, which in turn also offers it with a rate flooring. With the way the Wise liquidity contract works, if every WISE holder offered their bags, there would be 28,000 ETH remaining in the pool, guaranteeing a minimum cost.
This incredible idea permits Wise holders on particular blockchains to check out the DeFi world and use a range of DeFi items without fearing that their financial investment could end up being worthless if whales dispose their bags. There will always be liquidity readily available on PancakeSwap (BSC) and Uniswap (Ethereum) as a direct outcome of these enormous liquidity pools, suggesting you can constantly open or close a position with ease. If every Wise holder sold their tokens on Uniswap, Wise would still be in the top 10 listed tokens for liquidity.
Wise is taking the Ethereum world by storm, and now it's about to go reside on Binance Smart Chain (BSC). On April 27th, WiseSoft, the company behind Wise, will run a Wise Liquidity Transformer Event (LTE). This will lock an optimum of 200,000 BNB into a liquidity pool on PancakeSwap and provide early investors a possibility to scoop $544,000 in rewards along the way!
The LTE will last for 15 days, providing BSC users a sporting chance to participate. WiseSoft is expecting to create a $200 million liquidity swimming pool of BNB-backed Wise (ticker "WISB") on PancakeSwap through the LTE. Definitely none of the funds raised through the LTE will go to WiseSoft, with the WISB smart contract instantly locking away the liquidity swimming pool to create total decentralization.
BSC users who participate in the LTE will be able to use the WISB staking contract to stake their tokens, making interest at the same time. Tokens can be staked for approximately 42 years, with the typical stake length being 2.4 years on the Ethereum blockchain. Set for a Q3 birth, WiseSoft is developing a fully decentralized contract that enables financing and loaning cryptocurrencies on a decentralized exchange without the requirement for centralized cost oracles or human intervention.
After the 15-day period is completed, the agreement will start and finish integration with BSC and PancakeSwap. If 200,000 BNB is raised prior to the end of the 15-day period, the occasion will end early, and the integration agreement will start.
There will be rewards up to $544,000 as benefits for presale investors with 6 various ways to qualify for a cut of the rewards pool. Prizes vary from 1% cashback to a $100,000 grand prize for the greatest investor.
With the Wise staking platform offering day-to-day staking periods that vary up to 42 years, BSC users will be able to level up their staking video game. The longer you stake your Wise and offer liquidity to the network, the greater your benefits will be. Anybody can stake their Wise and get rewarded for it. There's presently 4% yearly inflation, with 3% going to stakers and 1% going to affiliates.
Another part of the Wise community is referring friends and other individuals. Both parties benefit from this, with stakers getting a 10% additional interest-earning power if they utilize a referral link and stake for more than one year.
WISE is an ERC-20 smart agreement backed by the value of the WISE that sits in the liquidity pool, which in turn also offers it with a rate flooring. With the way the Wise liquidity contract works, if every WISE holder offered their bags, there would be 28,000 ETH remaining in the pool, guaranteeing a minimum cost.
This incredible idea permits Wise holders on particular blockchains to check out the DeFi world and use a range of DeFi items without fearing that their financial investment could end up being worthless if whales dispose their bags. There will always be liquidity readily available on PancakeSwap (BSC) and Uniswap (Ethereum) as a direct outcome of these enormous liquidity pools, suggesting you can constantly open or close a position with ease. If every Wise holder sold their tokens on Uniswap, Wise would still be in the top 10 listed tokens for liquidity.
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