BitWell AMA | Introducing WTN: Wateenswap WTN Launch on Bitwell

On Jul 22th, David, the technical head of Wateenswap team visited the BitWell community and brought a wonderful sharing with the theme “Wateenswap WTN Launch on Bitwell”.

The following is a review of the full content of this community sharing!

Project Introduction

Wateenswap.Finance

WateenSwap is a decentralized exchange (AMM) automated market maker on Binance Smart Chain allowing users to swap BEP-20 tokens.

Beyond this, WateenSwap offers pyramid features to provide additional utility to WTN holders. It could be worth your while to take time to figure it out, though.
• Trade: To offer liquidity, trade, and produce LP tokens.
• Farming: Yield Farming with a massive amount of pools (the liquidity center of the BSC system).
• Staking: Stake WTN in a pool to obtain WTN or other tokens in the BSC system.
• Predictions: A method that forecasts the growth and fall of asset pairings over a certain time period.
• Lottery: WateenSwap lottery game.
• NFTs: A massive collection of NFT goods.
• Launchpad: Initial Farm Offering is the IDO Platform for new projects on the BSC system.

Wateenswap Website and Media
Website Whitepaper.docs Telegram Telegram Channel
Medium Reddit Github Mail Twitter Audit report

Host Q&A

1. Could you please give us a brief introduction of Wateenswap and what problems it intends to solve?

I would love to answer this,

WateenSwap is a decentralized exchange (AMM) automated market maker on Binance Smart Chain allowing users to swap BEP-20 tokens.

Beyond this, WateenSwap offers pyramid features to wateenswap platform

Trade: To offer liquidity, trade, and produce LP tokens.

Farming: Yield Farming with a massive amount of pools (the liquidity center of the BSC system).

Staking: Stake WTN in a pool to obtain WTN or other tokens in the BSC system.

Predictions: A method that forecasts the growth and fall of asset pairings over a certain time period.

Lottery: WateenSwap lottery game.

NFTs: A massive collection of NFT goods.

Launchpad: Initial Farm Offering is the IDO Platform for new projects on the BSC system.

Wateenswaps main motto is to

provide defi system to crypto space

trade with very low gas

removing mediatory and giving complete freedom to crypto space

transfer and trades without restrictions

No kyc required

fastest transections

2. Could you give us a basic overview of how to use the Wateenswap platform?

Cool , so Wateenswap is a Decentralized exchange on Binance smart chain. All you have to do is visit our website https://wateenswap.finance/ and login with any of your decentralized wallets for example .. metamask, trust wallet, binance wallet, C98, we support 30+ wallets on our platform, once you logged with your wallet, you are able to do Swap, staking, farming, buying lottery, participate in launchpad, predict the market and buying Nfts, nobody can access your wallet for detailed guide please visit.. https://docs.wateenswap.finance/get-started.html

3. Could you now give us an insight into the tokenomics of WTN?

Very interesting question — wateenswap has complete deflationary tokenomics

Total max supply is 600M

in which 75% supply is allocated for staking, farming, development and activities on wateenswap platform where each year only max 5M token shall come into circulation with approved voting by the community.

20% will be used for marketing, listing and partnerships.

0nly 5% supply is owned by project team and that is also locked for next 5 years

No more extra supply will come into market

please find the WTN supply allocation and lockup

WTN has burning every month , find the burning mechanism

4. Could you elaborate on the utilities of WTN Token and how it can benefit Wateenswap users?

The primary function of WTN is to incentivize liquidity provision to the WateenSwap platform.

• Governance of the WateenSwap platform via WTN voting on new features such as new pools, promotions, …
• Providing Liquidity to the several pairs
• Staking for more WTN and Staking to get non-WTN tokens in the Syrup Pools.
• Farming to get rewards in Pools.
• Used in Lottery tickets
• Launchpad participation
• NFT products (creation and sell).
• Profile creation on WateenSwap platform
• WTN bidding during Farm auction
• The main means of payment on the WateenSwap platform.
• WTN will be used in 147 countries in Ivend Pay POS machine

looking at overall WTN utilities and burning makes it more scarcity of supply in market and everyone known what can happen in further

5. Does Wateenswap have any exciting initiatives that are planned for $WTN in the pipeline?

We have many exciting things to come in near future

wateenswap mainnet launch

staking pool will go live

NFT platform launched

WEB3 participation

Big partnerships

for further details please find our roadmap https://docs.wateenswap.finance/roadmap.html

Community Live Q&A

1.Can you explain us then what are the benefits of providing liquidity on this platform? Are our profits really bigger than on other platforms?

If you provide liquidity you will get double rewards as a liquidity provider fees and u can stake that lp and earn in pool as well

2.Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

Each and every decision on the wateenswap platform will be made by the WTN holder 👍👍 everything is in community hand

3.Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?

All functionality on the Wateenswap platfrom contains burning mechanism and there will be burning every month

4.Do you have any Bug Bounty to check for weakness? In what way do you plan to make Your project more complete?

Yes we do have it, prices for bug bounty program is about 50k+ have a look on our documentation

5.Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?

We are Alredy developing 🔥 its in the roadmap

Please click the following links for further information about BitWell:

Twitter | Telegram (Official) | Telegram (Announcements)

Visit us on https://www.bitwellex.com/