Ethereum is the ecosystem that has contributed a lot of value to the development of the crypto market. However, the issue of fees and speed, makes it difficult for Ethereum to be widely available to every citizen. Therefore, Near Protocol was born to solve two problems that Ethereum is facing including high scalability, low cost, high decentralization. However, in this article I am not talking about Ethereum or Near, but I will focus on Aurora.
Aurora is the bridge between Near and Ethereum. Aurora EVM – or Ethereum Aurora virtual machine – is an application operating on the NEAR Protocol that provides a solution for scaling dApps on Ethereum to NEAR. Aurora – An incredibly new platform the number of dApps can be counted on the fingers. And I will introduce you to a piece that is definitely indispensable in an ecosystem. It is AMM DEX with the representative name Wannaswap. So:
- What is Wannaswap and what can it do?
- More detailed information about WANNA Token’s tokenomics?
- The development team, the support fund as well as the big partners of Wannaswap.
- One of the first DEX of the system, Wannaswap will be the leader when Aurora explodes in the future?
What is Wannaswap?
Wannswap is one of the first AMM DEX built on Aurora EVM of the NEAR blockchain, with the goal of becoming Aurora’s liquidity hub. Like other DEXs, Wannaswap is still full of basic features:
- Swaps: Token exchange. Wannaswap will take 0.2% fee per transaction (0.17% will go to liquidity providers – Liquidity Provider, the remaining 0.03% will go to staking brothers).
- Farm: Stake token into liquidity pool then get LP token back, use LP Token to farm to get WANNA reward and 0.17% fee of each transaction.
- Stake: Stake WANNA Token to get WANNA reward and 0.03% fee of each transaction.
Detailed information about WANNA Token
Key Metrics WANNA
- Token name: Wannaswap
- Ticker: WANNA
- Blockchain: NEAR
- Contract: 0x7faA64Faf54750a2E3eE621166635fEAF406Ab22
- Token Type: Utility
- Total Supply: 100,000,000 WANNA
- Circulating Supply: Updating…
WANNA Token Allocation
- Farming: 60%
- For the development team: 15%
- Angel investors and advisors: 11%
- Marketing & Community: 9.7%
- Initial Swap incentive: 3.5%
- IDO & Initial Source of Liquidity: 0.8%
WANNA Token Sale
Updating…
WANNA Token Release Schedule
Issue number of months for WANNA Token is 30 months ~ 2.5 years.
You should note that according to Wannaswap’s token release schedule, the token will be paid to the team and advisors after 5 months from the launch date (the lauch date here is December 6, 2021), linear 10% per month .
→ Paying tokens too soon to the team and investors may bring risks to the project’s long-term plan
WANNA Token Use case
Currently, you can use WANNA tokens for staking or farming.
How to earn and own WANNA Token
You can earn WANNA tokens by buying on the project’s own website at: wannaswap.finance/exchange/swap
Wallets and exchanges
WANNA Token storage wallet
Updating..
Exchanges
Updating…
Roadmaps & Updates
Q2 – 2021: Building the foundation
- Development of contracts and websites.
- Social community development (Telegram & Discord).
- Partners & Investors.
Q4 phase 1 – 2021: Kick-off
- Introducing Swap . feature
- Audit contract (in progress by Certik)
- IDO & Initial Liquidity Offer.
- Launch of Farming & Staking.
Q4 Phase 2 – 2021: Development
- Marketing & Airdrop for users
- Release: product (under construction)
Q1 – 2022: Completed
- Full analytics for TVL & Volume tracking.
- Community expansion program.
Q2 – 2022: Spreading
- Listing on CEX exchanges
- Release: Administrative feature.
- Release: Develop more products
Q3 – 2022: Improvements
- R&D focuses on researching crypto vision and creating innovation.
Project team, investors and partners
Project team
There is no information about the project team.
Investors & Partners
NEAR Foundation has invested in Wannaswap with the amount of $50,000. This shows Wannyswap’s reputation in front of the community for its potential. The source here.
Similar projects
The direct competitor in the AMM DEX array on Aurora is Trisolaris.
summary
The AMM DEX array is an indispensable array for every ecosystem. Most of you will approach and use the DEX platform when you start participating in a certain system.
Have you seen the money flow gradually pouring into the Aurora system, the first landing point of smart money in DeFi will be the AMM DEX of that system. That is reflected in Wannaswap’s TVL increasing day by day.
Therefore, in addition to the native token of the parent Aurora ecosystem, you should definitely not ignore spending part of your portfolio for the tokens of the main DEX in an ecosystem. Especially with the Aurora system being very new, the first names of AMM DEXs like Wannaswap here, will have strong growth potential when the system explodes.
In addition, according to the roadmap of Wannaswap this quarter, there will be a marketing campaign as well as an airdrop for users. Therefore, you can experience the product on the project’s main website and wait for your luck.
Thus, I have provided you with the necessary information about Wannaswap and the WANNA token. Don’t forget to subscribe and join Techtipsnreview Insights’ groups and channels below to discuss with admins and many other community members:
Disclaimer: All information contained in the article is for informational purposes only and should not be considered investment advice. Crypto investment is a type of risky investment, you should only participate with the amount of capital you can lose
Source: What is Wannaswap (WANNA)? Complete set of WANNA Cryptocurrencies
– TechtipsnReview
