“Our premise is that markets are, and for the medium term will remain, the best way of arranging a society. But while our society is supposed to be organized by competitive markets, we contend the most important markets are monopolized or entirely missing, and that by creating true competitive, open, and free markets, we can dramatically reduce inequality, increase prosperity, and heal the ideological and social rifts tearing our society apart.”
— — Eric Posner.
As the most popular and fair Token Distribution in 2020, liquidity mining has to some extent become a project startup paradigm. Needless to say, We also launched liquid mining products to vote for this paradigm.
Initially Tokens
wowcool.cc will initially issue WOW and wToken . WOW is the native Governance Token of wowcool.cc and wToken is the Governance Elastic Currency Token. In the early stage, wUSD, wBTC, and wETH will be issued, through the rebase mechanism and free market adjustment, in order to achieve 1:1 peg with DAI, wBTC, and wETH respectively.
How to get WOW?
99.5% WOW, total supply is 10,200,000, are released through liquidity mining. And 8 WOW will be produced with every block of Huobi Eco Chain. For 8 WOW produced in each Huobi Eco Chain block, 10% go to Costco, 90% is automatically distributed to each reward pool for mining according to the weight ratio set in itself.
There are 9 WOW mining pools, including 3 loanable pools, 3 (5x reward) pools, and 3 (50x reward) pools.
How to get wToken ?
Issuing three elastic currencies in the early stage of the WOWrm ecosystem, namely wUSD, wBTC, and wETH. wToken is positioned as a hard currency within the wowcool.cc ecosystem. wToken has abundant arbitrage opportunities under the rebase mechanism, and users can borrow wToken to mine more WOW. In addition, wToken can be used in wowcool.cc’s Seed-Lending product(v1). Collateralize wToken to borrow DeFi GTs can enjoy lower debt interest rates and higher liquidation line in WOWrm GT Money Market, which launched in recent future.
Total supply of wToken will be changed affected by rebase mechanism, and its release formula details see below:
wUSD: 12000,00 in the first week, 50% halve every week(TBD)
wBTC: 180 in the first week, 50% halve every week(TBD)
wETH: 2500 in the first week, 50% halve every week(TBD)
wToken liquidity mining program launch time will be updated in our twitter. And the initial Total Supply also will be updated before rebase on live.
The initial supply of wToken is released also through liquidity mining, and a total of 3 farming pools are set up.
Farming ship ship ship, live time anno will be publish in our tweet, please stay tuned.
Welcome to Join us:
Twitter:https://twitter.com/wowcool_cc
Telegram:t.me/wowcool_DeFi
Reddit:https://www.reddit.com/search/?q=wowcool_cc
Medium:https://wowcool-cc.medium.com
