With Interest payments and Ownerless Liquidity is Wise the next big Billion Dollar Market Cap Crypto?
Crypto is a confusing market and there are several coins and new projects coming online. The problem with most of these is the development team and very early investors are the only ones who really benefit. They pull the liquidity, dump their coins and the project dies.
What Peter Girr the founder of wise coin had done is to level the playing field a bit. The team will get 10% of the Ethereum put into the project which is very fair compared to other projects. You get 10% bonus for using a referral link click here for more Wise Tokens. They are also going to create a liquidity pool on uniswap which should put a floor under the price and I hope it will reduce volatility. From the looks of thing as of 12/15/20 that liquidity should be over $30 million dollars. This will rank as the number 8 crypto on uniswap. In theory which I don’t quite understand this is suppose to limit losses to a maximum of 75%. Uniswap is a decentralized exchange where the initial wise/eth pair will be listed and where the liquidity will be kept. This should attract bigger players. The keys to the Ethereum will be burned and the liquidity stays on the exchange.
Interest is another amazing feature of Wise and the flexibility they offer. The purpose of is Staking, rewarding the holder with earned interest in exchange for locking up their funds for a period of time. Similar to a CD and Bond but better. You can set your terms and withdraw the interest whenever you want. The interest comes from the inflation rate which is set to 3.5% per year and will be split across the stake holders. In looking at other staked coins on average only 12% of circulating supply is staked so that 3.5% can be over 10%.
As of today there are only 16 soon to be 15 auctions left to get in on the initial offering. I got lucky this past Sunday on the extreme random auction and will not go in that heavy again lol. Some days are fixed at 5 million coins auctions, some and 2.5–7.5 million and extreme random 1–10 million coins. Best thing to do is dollar cost average. Make sure you use this link for an extra 10%! Good luck and may we all see 100x in 21!