press release {/netabare}
PRESS RELEASE. we2net, a new DeFi platform that aims to bridge the gap between centralized and decentralized finance, has launched its offline development efforts in just three weeks with over 230 LP holders and approximately $760,000 of initial liquidity and has gained strong traction in Korea.
Data analysis shows that the distribution of initial liquidity among LP holders is evenly distributed without any major whales, indicating a fair and equitable distribution. we2net is scheduled to launch on April 15, 2023 at 0:00 UTC, and investors can purchase its tokens through PancakeSwap or its official website.
The we2net team is currently actively promoting the platform through online marketing efforts, offering attractive incentives to the community to encourage its development. Here is a closer look at some of how the platform works:
we2net usesUSDTand WE2NET tokens as liquidity pairs. The user simply adds initial liquidity using; enter USDTand the smart contract will automatically generate WE2NET tokens at a ratio of 1:10 and add them to the liquidity pool. This mechanism ensures that both project developers and users enter the market at the same purchase price, resulting in a fair distribution of profits.
To avoid exchange rate fluctuations, WE2NET tokens are prohibited from trading before the initial liquidity provision deadline. After trading becomes available, the corresponding WE2NET token will be used as a reward for LP mining. In addition, the platform offers generous rewards for referrals, with up to 50% of the user’s fee income going to their direct referrals, with the remaining 50% going to their direct referrals.
A notable feature of we2net’s liquidity provision mechanism is that unlike traditional DeFi projects, where the project developer is responsible for adding initial liquidity, the privilege of adding initial liquidity is shared with all investors, which means uncertainty and the possibility of lag pool scenarios It is. By sharing this privilege with investors, we2net is truly a community-driven, decentralized approach.
Additionally, the number of tokens issued is fixed to an additional amount of initial liquidity, ensuring that there are no unexpected token issuances by project developers. As for the referral mechanism, users can obtain a referral link on the official website and earn up to 50% of the transaction fee revenue as a reward depending on the levy. This is an incentive for users to promote the project and expand the user network, as seen in the project’s ongoing promotion of rank gifting activities.
we2net’s innovative approach to liquidity provision and referral mechanisms, and the success of its offline development efforts, point to future growth potential. with its entry into the DeFi market in April
