Reply With QuoteThe whole system of theirs is indeed very special and one of the major reasons why it's rising so much on popularity.
WGRT is the best governance coin a stablecoin platform can ever have
This is my take on WGRT — the governance coin of WaykiChain. Some of you might agree or disagree but I don’t care cos this is my opinion.
Unlike other governance coins that are either inflationary or non-inflationary, WGRT adopts a deflationary model. This means that the value will continue to rise because of this economic model. But not only that, the holders are also able to earn rewards through the different fees required in the system’s operation.
All of this, on top having the ability to propose changes to the whole Wayki system. These are all the benefits enjoyed by WGRT holders. As long as the system is operational, WGRT holders will continue to make passive income that is far greater than even that of Bitcoin mining, especially with the halving.
Of course, we know the success of WGRT is tied down to the success of the Wayki stablecoin platform. And I’m almost certain that WaykiChain will be in the top 3 stablecoin platforms worldwide, probably the first. Here’s why.
Wayki has 4 defense mechanisms against system failure through a collateralization rate minimum, liquidators, a risk reserve fund, etc.
The Wayki blockchain is very fast and efficient (over 3k TPS)
The whole system is decentralized. Both the public chain and oracle price feeding system are decentralized. It is more secure from fraudulent attacks in this regard.
Right now, Tether and MakerDAO are dominating the stablecoin market segment, but a few weeks or months after WGRT IEO on OKEx, I think that could all change. Or at the very least have Wayki on the same level. That’s what I think.
The whole system of theirs is indeed very special and one of the major reasons why it's rising so much on popularity.
There are definitely more than one reason to hold not just buy it... The crazies thing to do for someone is to buy and then sell it
With getting it listed on OKEx, I think it’s all fair to say that they are going to the moon!!!
So it’s just now getting in right away once it’s available. I can’t wait at all!
Why are you waiting dude? You can get it from Dex - WaykiDEX | WaykiChain (WICC) DEX | Decentralized Exchange right away. It’s available there before the IEO. I already got myself in… Good luckOriginally Posted by Salman Kashfy
Easily me favorite for 2020. One of the best projects you could really wish to be part of for several reasons. I just loved the vision of this guy and now getting listed at such high quality exchange, it's truly amazing.
Thanks for sharing the link. Yes, that's correct. We could get it nice and early. I joined the party as well and will be joining in the IEO too!
Most welcome... That's a good move. I don't really understand the whole concept deeply but from what I know it's going to rock. And that with combination of Chinese Government's support, it's going to be amazing.
As I said, I have gr8 love for their system and concept.
But one thing I really wish to know is the support from Chinese Government? As in past they were so much against Cryptos, so it's bit surprising for me.
I think it's because China has understood that Cryptos are the future, so that's why obviously they have also picked up with it. This WGRT is extremely popular in China. I think more countries will join in soon
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