WAVES IDO launches November 4 and there will be great rewards for the fastest users
Of the total supply of 1,000,000,000, only 50,000,000 WX will be distributed
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Waves.Exchange is celebrating as its new WX token will be launched in style, through an IDO that will take place on November 4.
This event represents an ideal opportunity for those looking to get started in the world of cryptocurrencies.
Of the total supply of 1,000,000,000 WX only 50,000,000 will be distributed (which represents 5%). And that’s not all, since the price at which the tokens will come out is only $ 1 USDN (the stable asset of the Waves network).
What is an IDO?
An Initial Decentralized Exchange Offer (IDO) is a process carried out by a project that, through the launch of a cryptocurrency or token, seeks to raise funds.
By using an IDO, token sales are launched through a decentralized liquidity exchange and provide assistance to the user in making an important decision about digital assets, which would help more communities to participate in ecosystem products and services.
The WX token is the next launch of the Waves ecosystem, which through the IDO will be placed in the hands of the community.
In this way, you will be able to acquire for the first time the tokens of said project, which have a functionality and a market value, through a decentralized system.
What is Waves Exchange?
Waves Exchange is a decentralized cryptocurrency exchange platform with a long history.
The team, which has more than 5 years of experience in the cryptocurrency sector, has announced the launch of the Initial DEX Offering (IDO) of the WX token and the benefits it will bring to its community. This platform unites the security of decentralized systems with the features and benefits of standard centralized exchanges.
The Waves ecosystem has a history of success, most of its projects have stood out and brought a significant return for its investors.
Its first major launch was the Waves Initial Coin Offering (ICO), in 2016, whose starting price was 0.188 USD, reaching up to 43 USD and assuming a growth of 15.857.45% for those users who trusted the project.
Its second major milestone was the EGG token in April of this year, which, having an initial cost of 20 USD, its increase was 4,900% after reaching 2,500 USD.
In addition, last week it broke the market again with Vires TGE that increased by 471.43%, after increasing from 14 USD to 120 USD.
What benefits will WX holders have?
- Right to vote: All WX holders will be able to vote for group profitability, for adding new groups, for tokens and connecting new blockchains.
- Additional income for blocking WX: The amount of spot trading commissions charged during the IDO period will be distributed among those who block WX. After the IDO, this reward will be paid out weekly.
- Deep integration with exchange products: With WX it will be possible to invest in the best products of the Waves ecosystem.
- Commissions in WX are cheaper: With WX, you can save significant amounts in commissions compared to other ecosystems.
How do I participate in the IDO?
To participate in the presale, you must open the Waves.Exchange page, and register. The WX token can be acquired from November 4, 2021, through the IDO and its initial purchase price will be $ 1.
The USDN (Neutrino USD) is an algorithmic stable currency that is worth the same as the US dollar, with it you can buy WX tokens. This process will be executed through a smart contract, or Smart Contract, which secures and executes the transaction.
The WX you acquire will be gradually unlocked with the generation of a new block and will be delivered proportionally until, at the end of the mining period, you have already received the full amount of tokens obtained.
The steps to acquire WX are as follows:
- Create an account in Waves: The first step is to go to Waves.exchange and in the upper corner of the screen we click on the box that says ” Create account ”. Users have the option of creating it with a Ledger device, Seed or with email, whichever is more convenient for you.
- Obtain Liquidity: We can buy USDN with a credit card or send cryptocurrencies from other exchanges where we have liquidity.
- Have the USDN ready: For the IDO we will need to have the USDN, so if you have sent cryptocurrencies from other sites, you can exchange them in the section of commerce → Spot, or use Swop.fi, the automatic exchanger of the Waves network.
Guarantee of benefits
The return policy of the IDO reduces the risks of loss, as it guarantees the return of your investment in case its value does not increase. If the price of the WX token increases, you will make a profit, if not, you can refund your investment in USDN and withdraw it. This shows the trust that the team places in the project and in the future of it as it assures its investors that they will not lose money.
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This post is also available in: Español (Spanish)