WISE token sets the ethical standards for DeFi. It is a fairly launched, fairly distributed, fully decentralized, audited, crypto-backed, and highly liquid asset. The team raised $40 million in ETH back in December 2020, an indication of widespread intere.
All questions answered by Peter
Lola (AMA HOST): Can the team member of Wise token say hello?
Peter: Hi Lola and group!
Lola (AMA HOST): How’re you doing today?
Peter: I’m great thanks! It’s a good day for crypto. 👍
Lola (AMA HOST): Sure it is.
Hope you’re set for the AMA
☺️
Haha
Here we go!
Q1. Can you give us a general introduction of you and Wise token? Could you tell us your role in the project?Peter: Sure! Before learning about crypto I was a Military Intelligence officer in the US Army. I got deployed to Afghanistan, and after returning, I became a real estate entrepreneur. I then discovered crypto in 2016 while looking for ways to invest my profits. I got burned BAD on my first crypto investment, and so I spent the next 5 years learning about blockchain and developing Wise Token: a safe, ethical, and fairly launched DeFi project. We launched on Ethereum in December, and the gas fees drove us to explore other options. Now we are launching on BSC and we are currently on day 3 of the 15 day presale.
Lola (AMA HOST): Wow! A military man who became a Crypto Freak. That’s interesting.
That’s good. It means one can still join in the Presale?
Peter: Yeah! And harcore gamer too. Was addicted to Everquest original for the longest time. 😅
Lola (AMA HOST): Hahaha. 👍😊
Peter: Absolutely. You’ll see in a minute that Wise always creates massive liquidity when it launches. We have over $300 million of permanently locked liquidity on Uniswap.
(So there is plenty of room left in the presale)
Lola (AMA HOST): Wow. Great. That means Uniswap is the exchange? Not Pancakeswap?
Peter: No PCS is the exchange. We are multi-chain, and I was talking about how we launched on Ethereum 4 months ago.
This launch costs BNB to buy and the liquidity will be on PCS.
Lola (AMA HOST): Great. Yeah.
Okay. That’s Good.
Q2. How many team members do you have working with you? And can you also tell us their roles?
Peter: Besides myself we have Aaron, who left a lead dev position at Numerator to build Wise, Vitally who is the best Solidity coder I have ever met, Rene our first mathematician/Particle Physics PHD/high stakes poker player, Cristoph our second mathematician and theoretical physicist, and Devin our community manager and bestselling author. Safe to say we have an elite team!
Lola (AMA HOST): Wow! I said it. Your team members are my Bosses. I’m presently studying Mathematics too. No wonder it’s a Wise token. I so much believe mathematitians are extraordinary and unique people.
Of course they would have added positive impact to Wise tokens. 😊
Peter: Getting the math right is important because Wise Token is a completly new concept built from the ground up. No copy paste jobs here!
Lola (AMA HOST): Good to hear that. If I may ask. Where does the word Wise come from?
Peter: Absolutely! Rene already designed 2 very important layer 2 products for our ecosystem. Very cool!
Lola (AMA HOST): Wow. That’s massive. I’ve got a lot to learn.
Peter: There are a lot of questionable projects in the crypto space. I beleive you will see by the end of this AMA that this one is a “Wise” choice. 😉
Lola (AMA HOST): Haha. Great one there.
Peter | WiseToken.net: And our icon is an Owl because owls are very wise birds as well. 🦉
Q3. Who audited Wise token Smart Contract? And why did you choose them?
Peter: We went with Coinfabrik because of their stellar track record, but we didn’t leave it there either. We performed our own series of internal tests and also held a bug bounty program with $50,000 in rewards. The Wise Token contract passed with flying colors and our contract launched on Ethereum has had no issues since it launched in December. Now we are launching on BSC.
After having 2 mathemeticians run every possible scenario through an automated testing framework, I feel that our code is bulletproof.
Lola (AMA HOST): Good. And it makes investors feel safe.
Peter: We also don’t have any outside dependancies on other contracts that could be exploited. There has been soooo many exploits and vaults drained this past year! tsk tsk 😖
Q4. Can you tell us about how Wise Token works?
Peter: Wise is designed to be the token you MUST have in order to earn high APY in DeFi. It has several advantages compared to other tokens:
1) [ASSET-BACKED] Wise tokens on BSC (WISB) are backed by a large pool of BNB. This happens because 100% of the BNB raised in the presale goes into forming liquidity on Pancakeswap and then that liquidity is locked forever. This guarantees a certain amount of BNB back for each WISB token. Even in the worst case scenario, there is an unbreakable price floor vs BNB.
2) [SAFER TO LP] Providing liquidity is one of the highest APY things to do in crypto, but it can be risky. WISB/BNB liquidity providing is resistant to impermanent loss vs BNB because they move together in price due to the BNB-backed nature of WISB. This makes Wise tokens the premiere LP tokens to own.
3) [100% PROFITS SHARING] Wise token is the only DeFi project that is directing 100% of ongoing profits back to its users in a decentralized way. Users who lend WISB to the reserve pool earn their share of ongoing profits from the system, and profits are set to grow exponentially once the lending contract is deployed later this year. (Aave on steroids)
Lola (AMA HOST): Glad to hear that.
It’s advisable to get in the Presale now to earn more. 😊
Peter: 🤓💰📈
Lola (AMA HOST): Can’t miss out on this!
Q5. What are the benefits or Reward in Wise Token?
Peter: High APY, low risk, and complete decentralization. Users can choose from a variety of different staking. Lending, and liquidity providing options explained above.
Also having a BNB-backed asset is valuable if you believe in BSC long term.
Lola (AMA HOST):👍
Q6. How many Partners do you have? And what do you expect from them?Peter: 1) The Graph token – Powers the analytics on our website
2) Pancakeswap – Locks our massive liquidity and potential syrup pool for earning CAKE rewards
3) Chainlink – Will power price data for the lending contract
4) Value DeFi – DEX partnership. Will create a 70% WISB / 30% BNB liquidity pool with $50k daily rewards
5) Zero exchange – DEX partnership. Will create WISB/BNB and WISB/ZERO liquidity pools with ~200% APY
Lola (AMA HOST): How has been your experience with them?
Peter: The Graph is AWESOME. Much easier to track raw data from the contract (although the BSC nodes are lagging behind and need to up their game).
PCS is decentralized so that’s exactly what we need for our uses.
Chainlink is definitly the best go-to oracle service.
Value DeFi and Zero are awesome partners. I’m thrilled to be colaborating with them and very happy that the WISB token will have immediate high APY options on top of regular staking.
Lola (AMA HOST): I’m loving this.
Q7. Can you tell us about the Transaction fees in Wise Token? And also about staking in Wise token?
Peter: The high transaction fees on Ethereum are the main reason we are now launching on BSC! 14 cents is a lot better than $150! Users may stake their WISB with the contract for up to 42 years to earn more WISB.
Staking longer pays better.
But staking is just one of the things you can do with your WISB as we have seen, although probably the most steady returns over long periods and bear markets.
Q8. Can you share with our community the plans you and your project have for this year and the coming years?
Peter: The lending contract is a MASSIVE development deploying later this year. Here are some of the functions:
1) Borrow any token on Pancakeswap (option to short)
2) Lend certain whitelisted tokens to earn APY
3) Leveraged lending. (You have 1 BNB but you can lend 3 BNB and be earning interest on 3 BNB)
4) Leveraged LP positions
On top of that we are expanding the ecosystem to every major blockchain. Plkadot and Cardano etc.
We have a deal with Changelly and Indacoin for fiat onboarding right on our website (within 1 month from now)
Some big exchange listings as well later this year, but can’t disclose at this time.
And many small things as well. The roadmap is packed!
Lola (AMA HOST): Great. The Roadmap said it all. I believe you’re working on it already.
Peter: Yes! I can’t wait to deploy some of these exciting developments! 😁
Q9. What are the major challenges of Wise Token and how do you intend to solve them?Peter: Our BSC launch (happening right now) is solving our biggest pain point which is the gas fees. At this point we know we have created an amazing token and our goal is to share it with as many people as possible. Marketing is key!
And this AMA is part of our plan to solve marketing 😉
Lola (AMA HOST): Sure. Having AMA increases awareness
Q10. Share with us all the links about Wise Token, so that readers can find out more and also follow the development of the project.
Peter: Website: WiseToken.net/bsc
▶️ YouTube
Q11. Lastly our favourite question, do you have any alpha or juicy news for us in BSC News today?Peter: Yes! We are giving away over $500,000 in BNB bounties for participation in our presale launch event live right now. 🙂
Lola (AMA HOST):
Wow! Great. You didn’t drop your telegram link
Peter: t.me/WiseToken
Lola (AMA HOST): All right. Thanks.
It was really a Nice AMA.
👍
Peter: Thanks for hosting!
Source : bsc.news
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