|Binance Launchpool Start Date||September 15th 2020|
|Binance Launchpool Allocation||130,000 WING (6.50%)|
|Initial Circ. Supply||369,232 WING (18.46%)|
|Current Total Supply||2,000,000 WING|
|Max Supply*||10,000,000 WING|
After 2,000,000 WING tokens have been released into circulation, the community can vote to mint more tokens for liquidity mining, with the max token supply being 10,000,000. The percentages shown in this report are relative to the current total token supply (2,000,000 WING).
Wing is building a credit-based Decentralized Finance (DeFi) platform dedicated to the digital asset lending market, supporting cross-chain asset and protocol interactions. Besides over-collateralized lending services that DeFi projects often offer nowadays, Wing also aims to introduce a credit-based lending mechanism using Distributed Identity (DID). Users with an OScore can borrow assets by collateralizing assets whose value is 80% or higher than that of the assets borrowed.
Wing also plans to introduce new collateral types, and the team aims to do this in two stages: the first stage is to implement cross-chain asset collateralization, while the second stage is to explore the possibility of collateralizing assets such as NFTs and real-world assets.
The project has initiated the Wing DAO, a Decentralized Autonomous Organization (DAO) that governs the platform. WING token holders can vote for new product development, changes in platform parameters, allocation of community funds, etc.
Besides voting, the WING token is planned to be used for interest discounts when paying interest to the platform, and purchasing insurance contracts to hedge financial exposure in the platform.
Wing's project development is fully backed by the Ontology project team and has not conducted any token sale as of the time of writing.
|Binance Launchpool||6.50% of the current total token supply|
|Community Incentives||68.50% of the current total token supply|
|Ecosystem Development||25.00% of the current total token supply|
Wing will initially focus on community building in Asia, Europe, and North America, and will gradually expand to other regions as the project grows.
Current community growth strategies of Wing include:
Future community growth strategies of Wing include:
Telegram (English) | 743 Members
Telegram (Chinese) | 242 Members
Telegram (Announcement) | 242 Members
Twitter (English) | 612 Followers
Medium (English) | 33 Followers