WISE is the cryptocurrency asset that is making the usage of multiple blockchains simultaneously easier.
WiseToken (WISE) is a community-driven project building its DeFi token on the Binance Smart Chain (BSC). WISE is the first-ever ownership less asset-backed crypto in DeFi which has the following features such as:
Asset backed – meaning that WISE is backed (not pledged) with a large pool of BNB which means the price of WISE token will move with BNB and also independently. This gives its holders an exposure to the phenomena to “Diversification to one Token”.
No team token – yes, you heard it right. There aren’t any fixed reserve for the team or the developers instead they will get the WISE token the same way any other user will i.e. BUY IT
No Admin Keys – true decentralisation can be achieved only when there are ZERO % alterations, hence WISE token smart contract is designed in such a way that it will destroys the admin key and make WISE unalterable
WiseToken (WISE) is a community-driven project building its DeFi token on the Binance Smart Chain (BSC). WISE is the first ever ownership less asset backed crypto in defi which has the following features such as:
- Asset backed – meaning that WISE is backed (not pledged) with a large pool of BNB which means the price of WISE token will move with BNB and also independently. This gives its holders an exposure to the phenomena to “Diversification to one Token”.
- No team token – yes, you heard it right. There aren’t any fixed reserve for the team or the developers instead they will get the WISE token the same way any other user will i.e. BUY IT
- No Admin Keys – true decentralisation can be achieved only when there are ZERO % alterations, hence WISE token smart contract is designed in such a way that it will destroys the admin key and make WISE unalterable
Despite the above features being one of its kind, WISE token is been audited by CoinFabrik (Report) and The WISE team also ran a 100 ETH bug bounty for the community to double-check the code before launching
Project Components:
Stake: Earn consistent APY over a duration of time period chosen by user
Lend: Collateral Lend & Borrow – Leveraged (Like stalking with 1BNB and being able to lend 3BNB and making interest on the entire position)
Pool: Provide liquidity to partner DEX pools or the WISE token reserve pools
Hold: Users will be able to take advantage of multitudinous gains from WISE & its backing tokens such as Binance Coin (BNB) as well as Ethereum (ETH)
WISE Tokenomics
The WISE token contract has no set total supply, instead, the initial supply minted by the users through the Liquidity Transformer will fall under a defined range and partially by confined randomness and referral bonuses.
The 50-day Liquidity Transformer has an average of five million WISE available each day, though some days have randomness involved. This means the total supply available in the LT will likely be around 250 million WISE. Due to referrer bonuses, there could be up to an additional 10% minted on top of that (i.e. up to 25 million more).
For more information, you can check out the doc section of the WISE token here
Use Case of WISE Token
The current best use case for WISE is as a store of value. Since WISE is backed by an
the un-removable pool of ETH on Uniswap, the only store-of-value risks are from sales on Uniswap, and the price of ETH itself going down vs the USD. On the other hand, buy on BSCstarter with BNB, compound the gains already seen when BNB is appreciating at price.
Liquidity: 5th largest pool on Uniswap
WISE has the 5th largest pool on Uniswap ($200 million). This locked liquidity acts as a bank to hold the value of WISE to a certain amount of ETH. More purchases on Uniswap increase the amount of ETH backing each WISE. In a worst-case scenario, if all WISE were sold back to Uniswap, even the last to cash out would get some ETH back, and there would be 28,000 ETH remaining in the pool.
Launch on BSCstarter
WISE is launching a version of it’s contract on BSC in April. This will include a massive 15 day
long 200,000 BNB raise and $550,000 in instant cash prizes (paid out in BNB) for participants in the presale. We intend to create an initial $100 million liquidity pool for WISE on Pancakeswap.
About BSCstarter:
Innovation for bootstrapped projects has been grinding to a halt on the Ethereum blockchain. Exorbitant gas fees have nearly caused new project launches to stall and existing projects to lose user engagement — staking, claiming, and normal trades are costing ETH users hundreds in transaction fees.
And this trend will likely continue.
But innovation cannot be stopped. Over the past quarter, developers have sought lower-cost options to deploy their experiments. The Binance Smart Chain (BSC) has become the go-to platform for new product launches based on Solidity, and for existing projects looking to stay alive.
BSCstarter — it is a community-governed launchpad for raising capital for BSC projects, that isn’t filled with government red tape and KYC rules. Instead, it is the BSCstarter community that will determine which projects to list. It is the BSCstarter community that uses their collective due diligence and DYOR skills to vote Yes or No on projects coming through BSCstarter looking for funds.
The BSCstarter community is self-empowered to:
Performing due diligence on every submitted application on their own
For community members holding at least 100 START tokens, approving or denying applicants
Any community and non-community member can invest in approved START projects
Community members can approve a future grant of 1,000 START tokens if the project is on track as promised one month after the sale
FREE audit for projects who successfully complete a raise, by a trusted community auditor not corporate suit auditors
There are no special conditions — every project approved by our community is automatically given a 1,000 START token Incubation Grant, with a 30-day lock from the day of listing on PancakeSwap.
The BSCstarter developers benefit from:
A reliable and vibrant, fully self-governed community seeking trustworthy launches on BSC
An open and self-service application process, available for a one-man dev shop or 100-man operation
An ecosystem that will help increase their chances of success via connections and potential partners who are aligned with their vision
FREE contract audits by well-known community members (Rug Detectives and VidarTheAuditor) * A wonderful user experience for their customers
For Developers:
Unlike some of the other options available, the team behind BSCstarter does not serve as gatekeepers of the platform. Neither do we perform KYC or similar vetting to hand-pick projects for our establishment suits and VCs who attempt to continue getting ahead of us. Instead, developers from all walks of life are invited to self-submit their presale on BSCstarter — no approval needed from centralized teams controlled by investment funds! (Ref. Medium)
For Investors:
The team behind BSCstarter appreciates the DeFi community that has helped carry the industry for the past year because they are us! We are the devs, the degens, apes, and chads/chadettes who are finally given a chance to invest in innovation that provides us with liberty, freedom, and equal opportunity for all. That’s why BSCstarter has an open-door policy, where anyone who trusts the peer-review of projects from their fellow community members, can participate in any presale on the platform. (Ref. Medium)
WiseToken (WISE) is a community-driven project building its DeFi token on the Binance Smart Chain (BSC). WISE is the first ever ownership less asset backed crypto in defi which has the following features such as:
- Asset backed – meaning that WISE is backed (not pledged) with a large pool of BNB which means the price of WISE token will move with BNB and also independently. This gives its holders an exposure to the phenomena to “Diversification to one Token”.
- No team token – yes, you heard it right. There aren’t any fixed reserve for the team or the developers instead they will get the WISE token the same way any other user will i.e. BUY IT
- No Admin Keys – true decentralisation can be achieved only when there are ZERO % alterations, hence WISE token smart contract is designed in such a way that it will destroys the admin key and make WISE unalterable
Despite the above features being one of its kind, WISE token is been audited by CoinFabrik (Report) and The WISE team also ran a 100 ETH bug bounty for the community to double check the code before launching
Project Components:
- Stake: Earn consistent APY over a duration of time period chosen by user
- Lend: Collateral Lend & Borrow – Leveraged (Like stalking with 1BNB and being able to lend 3BNB and making interest on the entire position)
- Pool: Provide liquidity to partner DEX pools or the WISE token reserve pools
- Hold: Users will be able to take advantage of multitudinous gains from WISE & its backing tokens such as Binance Coin (BNB) as well as Ethereum (ETH)
Earn more WISE by Staking
Staking Calculator for WISE available on the homepage of Wise
Wise Staking Platform
Redefining Startup Incubation Through Blockchain
In the traditional world of startup incubation, project leaders are usually given a small investment after successfully completing their incubation program. They are also given the opportunity to raise more rounds in the future via lead investors and their networks if they continue to execute as originally pitched.
BSCstarter is replicating this exact concept and applying it to the decentralized community on Binance Smart Chain. Together with our hive minds and experiences, our community is collectively responsible for:
Performing due diligence on every submitted application
For community members holding at least 1,000 START tokens, approving or denying applicants
Any community and non-community member can invest in approved START projects
Community members can approve a future grant of 100 START tokens if the project is on track as promised one month after the sale
FREE audit for projects who successfully complete a raise, by a trusted community auditor not corporate suit auditors
There are no special conditions — every project approved by our community is automatically given a 100 START token Incubation Grant, with a 30-day lock from the day of listing on PancakeSwap.
Media Contacts:
BSCStarter
Website: bscstarter.finance/
Twitter: twitter.com/bscstarter
Telegram: t.me/BSCstarter
WISE Token
Website: wisetoken.net/
Facebook: www.facebook.com/wisetokens
Twitter: twitter.com/wise_token
Docs: wisetoken.net/docs#sec-2-1-1
Telegram: t.me/WiseToken
Source: Thebitcoindaily.info
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