Wettok - Decentralized, User Control & Freedom

Shariar Porosh · May 28, 2022

Decentralized, User Control & Freedom

Wettok offers complex strategies that are simple and intuitive for any investor to take part in through the Wettok Market platform.

I. What is Wettok?
Wettok is a Decentralized Finance (DeFi) Yield Optimizer project, that allows its users to make more crypto with crypto. DeFi applications are unique in the sense that they are permissionless and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middleman. Wettok caters its users by making it easy to get a yield on their crypto capital in a safe and decentralized manner. Through a set of smart contracts and several investment strategies, Wettok automatically maximizes the user rewards from various liquidity pools (LPs), automated market making

(AMM) projects, and other yield farming opportunities in the DeFi ecosystem.

Wettok offers complex strategies that are simple and intuitive for any investor to take part in through the Wettok Market offerings on the platform. With the inherent advantage of the speed and low fees with Binance Smart Chain, the team is exploring new methods of optimizing automation to secure the largest yields available.

From all of the vaults deployed on every blockchain, Wettok has its native governance token WTO at its core.

1.1 Tokenomics (WTO)

WTO is a BEP-20 token built on the Binance Chain blockchain. In addition to being a utility token and providing liquidity, holding, and trading incentives, WTO token is designed to facilitate and incite the decentralized governance of the protocol.

WTO has a total token supply of 3 billion WTO, of which a selected portion will be streamed to early backers. Much of the supply is locked up and will be released over a number of years and can be earned by providing liquidity to Wettok native pool over a number of years and can be earned by providing liquidity to Wettok native pools

1.2. Token details
Token Name: Wettok
Ticker Symbol: WTO
Blockchain: BSC
Token Standard: BEP20
Token type: Utility, Governance
Max Supply: 3,000,000,000 WTO
Seed Sale: $0.005 - $0.006
Private sale price: $0.01 - $0.012
Public sale price: $0.03

1.3 Token distribution

Core Team: 15%
Advisors: 5%
Seed Sale: 5%
Pre-sale: 10%
Public: 15%
Network growth Fund: 34%
Community incentives: 16%

1.4 Vesting

1.5 ROADMAP

When discussing a roadmap, Wettok is referring to a strategic plan which defines the goal or desired outcome and includes the major steps or milestones that are required for the said goal to be reached. A roadmap also serves as a communication tool, a high-level document that helps keep track of the articulated strategic thinking behind the goal as well as the plan to get there.
A roadmap is a high-level visual summary that helps map out the vision as well as the direction of a specific product offering throughout a pre-specified time period. This roadmap communicates the why as well as the what behind what you are building, and it is a guiding strategic document as well as a plan for executing the product strategy.
A roadmap has several goals, including describing vision and strategy, providing a guiding document for executing the strategy, getting internal stakeholders in alignment, facilitating discussion as well as options and scenario planning, and helping communicate with the external stakeholders, including the customers.

II. ECOSYSTEM
Wettok is implementing the ecosystem!
Borderless and UnregulatedThe driving philosophy behind decentralized finance (DeFi) is for any user to be able to access DeFi as long as they have an internet connection and a compatible electronic wallet, No Intermediaries NeededDeFi participants transact on a peer-to-peer basis, analogous to an over-the-counter swap transaction without a broker/dealer intermediary. Instead of an intermediary, participants rely on de¬ned rules, governed by a consensus mechanism to verify, agree and settle transactions, and therefore automate conventional finance (and business) processes.

2.1 Staking

Staking is our way of rewarding long-term believers and holders of the Wettok governance token, WTO.
Staking Rewards are a powerful tool in the cryptocurrency space to drive buy-side interest in the token. A healthy token is not just a price-stable and growing, but also there needs to be a liquid market.
Staking is a passive, long-term strategy. The increase in your stake in Wettok translates into a constantly falling cost basis converging on zero. This means even if the market price of WTO drops below your initial purchase price, given a long enough staking period, the increase in your staked TIME balance should eventually outpace the fall in price.

2.2 Wettok Market.

Websites like Coinmarketcap are great for checking prices. However, for experienced and active traders, more tools are needed to evaluate token prices.

Wettok market is a price data analytics tool that helps traders to more easily navigate decentralized networks. One of the most important features of the platform is the ability to keep a record of the live price of tokens. That’s what the Wettok market was made for.

Wettok market platform?
Wettok market allows traders to have more insight into different tokens. The platform ranks tokens based on different data and allows the community to rank them as well. This can be seen under the “Community Ranking” section of the website. Furthermore, it gives you live prices and shows you detailed tokenomics, such as liquidity and volume. One of the most advanced tools that the Wettok market offers is the transaction section where all transactions, including size, time, address, and price of a selected token can be seen. A good trader can use this information to evaluate the timing of his trades

“Accurate pricing”
The problem with most websites that keep a list of token prices is that the prices are several minutes behind the live price. Wettok market is almost 100% accurate. So, it’s always best to check the price here first before purchasing a token. As for some tokens, the price fluctuates heavily, this feature can save you a lot of money and allows you to trade with more confidence.

“Trending Tokens”
In the middle section of Wettok, you can see coins that are trending. This section is useful if you want to hop on to the next trend or if you just want to see where the money is currently fiowing.

“Charts and Tokenomics”
If you are looking for the charts and tokenomics of a specific token, you may enter the name of the token or the contract address in the search bar for the DEX you’re using. Make sure you use the correct name and address, as for many coins and tokens there are fake and fraudulent tokens around. This page will have helpful information about your tokens such as the total liquidity, the Wettok score, the community rating, and amount of token holders.

“Transaction overview”
You will see more details about the buy and sell orders including wallet addresses and amount of the token bought or sold. You can see every transaction made for this token, including quantity and price These transactions are recorded on the blockchain and Wettok market features them here in real-time. With some experience, you can use this tool to see the amounts and sizes of buy orders coming in and whether whales are buying or selling. You can also check your own transactions here

2.3 Wettok Exchange.

Wettok exchanges were created to remove the requirement for any authority to oversee and authorize trades performed within a specific exchange. Wettok exchange allows peer-to-peer (P2P) trading of cryptocurrencies. Peer-to-peer refers to a marketplace that links buyers and sellers of cryptocurrencies. They are usually noncustodial, which means users keep control of their wallet's private keys, instead, traders will need a wallet compatible with the smart contracts on the exchange’s network. Anyone with a smartphone and an internet connection can benefit from the financial services offered by the Wettok exchange.

Wallet extensions that allow users to access their funds directly in their browsers make it easy to interact with decentralized applications (DApps) such as DEXs. These are installed like any other extension and require users to either import an existing wallet through a seed phrase or private key or create a new one. The security is further enforced through password protection.

Advantages of using a Wettok Exchange.
Centralized exchanges have to individually vet tokens and ensure they comply with local regulations before listing them. Decentralized exchanges can include any token minted on the blockchain they are built upon, meaning that new projects will likely list on these exchanges before being available on their centralized counterparts.

"Anonymity"

When users exchange one cryptocurrency for another, their anonymity is preserved on Wettok Exchange. In contrast to centralized exchanges, users do not need to go through a standard identification process known as Know Your Customer (KYC). KYC processes involve collecting traders’ personal information, including their full legal name and a photograph of their government-issued identification document.

“Reduced security risks”

Experienced cryptocurrency users who have custody of their funds are at a reduced risk of being hacked using DEXs, as these exchanges do not control their funds. Instead, traders guard their funds and only interact with the exchange when they wish to do so. If the platform gets hacked, only liquidity providers may be at risk.

“Control your money”

You have full control over your wallets and funds. To carry out transactions, the Wettok exchange doesn't ask you to transfer funds to a wallet or any trading accounts. After all, having an e-wallet, just like in the case of a centralized exchange platform, increases risks.

2.4 Wettok Wallet.

A Wettok wallet is a non-custodial wallet that stores your cryptocurrency assets. They are non-custodial, meaning only those with the seed phrase or private key (the equivalent of a password) can access your funds. Governments cannot, for instance, freeze the account – although they might be able to order a token issuer to freeze assets sent to exchanges or render some assets obsolete.

Wettok wallet offers a radically better crypto wallet that boast no paper backups, simple addresses, and free transactions. Wettok mission is to help everyone bene¬t from the decentralized web and is said to be inspired by the potential to reverse the massive concentration of wealth and power of today’s internet. In recent developments, Wettok has been at the forefront of the mobileDeFi experience by integrating a number of popular products for users to take advantage of.

Non-Custodial – Users can send and transfer funds knowing they are the only one who has access to those funds

Key-based – Underneath the hood, Wettok wallets have a unique key pair. This is different from centralized wallets as users are responsible for the safekeeping of their private keys

Accessible – Compatible – As stated above, Wettok wallets have begun to integrate dApps browsers to make it easy to connect with DeFi applications without having to every leave the app.

5.2 Partners

For most organizations, access to a wide network of contacts is the main catalyst for turning project ideas into success.
These relationships allow Wettok to build partnerships, expand awareness of initiatives, and develop third-party advocates for this cause.

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