Dear friends,
In order to allow everyone to invest without constraints in the future success of Weble, this summer we are launching our cryptocurrency tokens: the Weble Ecosystem Token (WET) . This token will allow its holders to obtain discounts on our products and services, similar to a loyalty points system. We will also integrate it into our services and products to offer our customers new applications bridging the worlds of DeFi (Decentralized Finance) and IoT (Internet of Things).
The token is created on the Avalanche platform whose parent token is AVAX . We chose this platform due to its investment potential and its innovative technology which allows a transaction to be finalized in one second. For comparison, the time to complete a transaction is around ten minutes on Bitcoin, and one minute on Ethereum. These technological advances will allow anyone to easily set up real-time applications such as the rapid payment of a cryptocurrency for coffee on an IoT coffee machine (clichéd example), or more generally the activation / deactivation of building automation services.
The launch will take place on the decentralized exchange Pangolin . By creating liquidity for the WET/AVAX pair, WET tokens will become exchangeable with AVAX tokens (see this article for more explanation). The price of WET will be defined by the number of AVAX and WET in the liquidity pool. As an example if the pool contains 10,000 AVAX and 1,000,000 WET, then 100 WET is worth 1 AVAX. To facilitate trading and allow large sums to be invested, we need the liquidity pool to be large enough, and therefore to purchase a large amount of AVAX. In this context, we offer you to invest in the funding of the liquidity pool. Doing so, you will benefits of having invested at initial token launch price. The total pool value and your share will be available and communicated to you at the WET launch.
The total number of WETs issued is 1,000,000. It is not possible for us to create more: this total is fixed in the code of smart-contracts and nobody can modify those after creation. 50,000 WET (5% of the total) will be kept in Weble’s treasury in order to finance our various projects and the marketing of the token. The funds will also be used to create “bridges” and liquidity pools on other blockchains (such as pancakeswap on the BSC, uniswap on Ethereum, or others). Doing so, users of other blockchains will become able to easily buy our tokens from their preferred exchange. The remaining 950,000 (95% of the total) will be used to create the WET/AVAX liquidity pool on Pangolin for exchanges. The number of AVAX in the liquidity pool at launch will depend on the total funds raised.
In order to reassure new investors as to the sustainability of the project and to guarantee against a massive withdrawal of liquidity (rug pull), the liquidity pool funds will be timed lock (for more information, see this article ). The initial liquidity funds will be released by a quarter at the start of each new year. This means that you will only be able to resell your entire investment at the end of the 4 years period.
Any investment carries a risk. However, by investing at the WET token launch price, you almost have the guarantee of outperforming the price of AVAX, its parent token. Currently AVAX is trading around 10$ – 15$, which is less than 20% of its all-time high value of 60$ reached on February 10, 2021. The project is young (launched in September 2020) and promising, hence it is likely we will soon enough witness a significant increase of its price.
To act and make your investment, you have the following 3 alternatives:
Login with your account
Go to the private sales token page
Buy with VISA/MASTERCARD
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