Vincent Stevens Posted June 3, 2020 Share Posted June 3, 2020 I am guessing that majority might already be aware of the WGRT's listing on OKEx. It has created kind of mixed reaction with some extremely pleased while others still thinking about it. Spoiler: I hold some WGRT and WICC already!!! Now don't ask me how much, I am not revealing that! As someone who has experience piloting the Waykichain system (creating and closing CDPs, trading in WaykDex, using WUSD as payment, I am happy to offer you guys my insights on the project: Advantages: The system enables you to easily purchase US, China, and Hong Kong stocks. They plan to expand to other territories in the future. It can be used for lending. Before they only accepted WICC as collateral, but now ETH and BTC are included. Pretty soon, other currencies can be locked up as collateral as well. It allows paying for cross-transactions at a fraction of the rate of traditional finance without worrying about price volatility like other cryptocurrencies The system has contingencies in place for catastrophic scenarios or “black swan events”, giving users confidence in the platform. WGRT holders have the right to propose changes in the system parameters, receiving a share of the revenue generated from the penalty fee and stable fee and are regularly being burned, which means its value keeps rising indefinitely. The Waykichain system has probably the fastest transaction throughput in all of crypto Disadvantages: Their system is not the easiest to digest. It’s quite complex. Anyhow, as from the past experiences of IEO on OKEx, it is certain that this project too is going to rock much like most of the projects listed there. WGRT is sure to go to the moon! Link to comment Share on other sites More sharing options...
Alexx Caines Posted June 3, 2020 Share Posted June 3, 2020 Biggest advantage in my eyes is the Chinese government support for the project. As it’s beneficial for the whole industry. Link to comment Share on other sites More sharing options...
Dean Headley Posted June 3, 2020 Share Posted June 3, 2020 I don’t have any WGRT but with reading the benefits, I guess it is almost must to have! Link to comment Share on other sites More sharing options...
Shafiek Abrahams Posted June 3, 2020 Share Posted June 3, 2020 AWESOME! Although, I thought they might be listed on Binance after all the recent hype but OKEx is no mug either. Link to comment Share on other sites More sharing options...
Abdul Razzaq Posted June 3, 2020 Share Posted June 3, 2020 Listing on Okex is a very cool thing. With so much popularity in Chinese region, it’s only fitting for it to be listed on Okex Link to comment Share on other sites More sharing options...
Jordan Sands Posted June 3, 2020 Share Posted June 3, 2020 Eagerly awaiting for the IEO but what is the date? I can’t seems to find it anywhere at all. Link to comment Share on other sites More sharing options...
Shaun Osho Posted June 3, 2020 Share Posted June 3, 2020 15 minutes ago, Jordan Sands said: Eagerly awaiting for the IEO but what is the date? I can’t seems to find it anywhere at all. Well, it’s already given at Okex Twitter - https://twitter.com/OKEx/status/1268008551118712832 Link to comment Share on other sites More sharing options...
Dele Alli Posted June 3, 2020 Share Posted June 3, 2020 3 hours ago, Vincent Stevens said: I am guessing that majority might already be aware of the WGRT's listing on OKEx. It has created kind of mixed reaction with some extremely pleased while others still thinking about it. Spoiler: I hold some WGRT and WICC already!!! Now don't ask me how much, I am not revealing that! As someone who has experience piloting the Waykichain system (creating and closing CDPs, trading in WaykDex, using WUSD as payment, I am happy to offer you guys my insights on the project: Advantages: The system enables you to easily purchase US, China, and Hong Kong stocks. They plan to expand to other territories in the future. It can be used for lending. Before they only accepted WICC as collateral, but now ETH and BTC are included. Pretty soon, other currencies can be locked up as collateral as well. It allows paying for cross-transactions at a fraction of the rate of traditional finance without worrying about price volatility like other cryptocurrencies The system has contingencies in place for catastrophic scenarios or “black swan events”, giving users confidence in the platform. WGRT holders have the right to propose changes in the system parameters, receiving a share of the revenue generated from the penalty fee and stable fee and are regularly being burned, which means its value keeps rising indefinitely. The Waykichain system has probably the fastest transaction throughput in all of crypto Disadvantages: Their system is not the easiest to digest. It’s quite complex. Anyhow, as from the past experiences of IEO on OKEx, it is certain that this project too is going to rock much like most of the projects listed there. WGRT is sure to go to the moon! Wow, I am shocked with this announcement. I was expecting them to reveal Binance. Anyway still hooked to their IEO start Link to comment Share on other sites More sharing options...
Rubel Hossain Posted June 3, 2020 Share Posted June 3, 2020 This is for sure going to the moon. Listing on OKEX is a gigantic achievement. Already ready to invest big here Link to comment Share on other sites More sharing options...
papia09 Posted June 3, 2020 Share Posted June 3, 2020 You have really nailed it dude. WGRT is a class of its own and the reason behind so much buzz in the Chinese markets. I bet it’s going to the moon! Link to comment Share on other sites More sharing options...
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