WX Network Announcements
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Announcements for WX Network – a full-featured liquidity platform for self-sovereign crypto management with a suite of investment tools and secure, easy-to-use interface.

Site: https://wx.network/
Twitter: https://twitter.com/wxnetwork
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Forwarded from Sasha Waves
WX DAO structure

WX DAO participation is designed to offer a good risk/reward ratio opportunity for its members. Apart from participating in decision-making and shaping the direction of WX development, participants can also benefit financially. Let's delve into how this works.

Firstly, it's important to note that the DAO is kick-started with contributed funds. The WX team has generously donated 10 million $WX tokens to its treasury. If the value of $WX increases, participants share in 20% of the treasury's growth.

Another method to boost the treasury's value is by depositing WXG tokens, which are acquired through the buyback process funded by WX trading fees. This means the WX DAO indirectly benefits from the fees generated by WX trading. The treasury's value increases automatically as WXG assets are added, and their worth is tied to the buyback procedure. Eventually, the DAO can decide to sell WXG tokens back to WX at a higher price when the price of WXG rises due to constant selling pressure from fees. This realization of profits adds to the DAO's financial growth.

These two donation-based methods ensure that the treasury's value grows, almost by design, at least during the first 3-6 months.

Additionally, all DAO participants receive $pwr tokens, which they can unstake and sell every three months. This means any potential upside within the DAO is an added bonus on top of the $pwr token price.

Among the participants, gWX (staked $WX) token holders have the easiest route to engage in the DAO since they don't need to take any additional actions.

For those who deposit funds into the DAO treasury during its initial launch, they have a strategic advantage over latecomers who join the DAO after its launch. These early participants essentially buy $pwr tokens at the current market price, and any potential DAO gains are in addition to it. Latecomers, on the other hand, will need to factor in the growth of the DAO treasury when they enter, making joining now more cost-effective.
Our aim is to structure the WX DAO in a way that aligns with the WX.network roadmap, focusing on increasing WX trading volumes, while simultaneously benefiting the community.

https://app.power.tech/dao/3PEA2Mr8CgWXdaosBUK3TqxpWDC4MSofsYn Join the DAO now!
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Sasha’s WX DAO AMA 16/10/23

During the recent AMA session following WX Network's transition to the Power DAO protocol, Sasha Ivanov spoke to the community about WX DAO, the ways to join it, and answered some questions.

Sasha started with explaining the goals of this transition.

β€œThe main goal that we plan to achieve is to put the governance in the hands of the community, so that there is no single beneficiary and the entire community can benefit from WX.

Many of our users complain about the still unresolved situation with the debts of WX gateways, and wonder how the situation will be resolved. It should be noted that at this point we can only resolve the situation we are facing by moving forward! That is why we are looking for ways to provide support and create a roadmap to resolve the situation.”
What can be done?

β€œWe can provide existing tools and assets to launch WX DAO - 10 Million WX tokens will be donated to the DAO. Also, at the moment we have -WXG tokens, which are currently being bought out of the market through trading fees. Our goal is to equate their price to their counterparts on centralized exchanges, after which they will be burned.”

According to Sasha, there is also an alternative option available. After buyback, these tokens can be sent locked in the treasury until their price stabilizes, after which they can be sold to the WX team for trading fees, thus providing support for WX DAO and profitability for the DAO participants.

Why participate? What are the benefits?

It already has been explained what the DAO treasury will consist of (WX and WXG tokens). If the DAO treasury grows in value, at the end of the KPI period (3 months), the participants will share 20% of the treasury income.

They will also get PWR tokens just by holding and committing gWX or by making an investment of funds in the DAO, thus buying PWR tokens at the current market price.

WX Platform Roadmap

At the end of his introductory speech, Sasha talked a little bit about the plans for the development of the WX platform itself.

β€œWe intend to increase trading fees to speed up the buyback process of -WXG tokens. The launch of derivatives and futures markets should help us with this.

We're also working on launching synthetic tokens, which could solve the situation of tokens for which gateways are extremely difficult to create.

The PepeTeam team is also actively working on creating a unified USDT token.”


Q&A

Q: When will DAO decide to sell all of its -WXG tokens?
Sasha: That decision is left to DAO participants, only they will decide when to sell their tokens.

Q: So DAO will sell the last -WXG token before burning their entire supply?
Sasha: That's right! The last -WXG token will be sold from the DAO wallet.

Q: What about the token verification process? Will it be changed in any way?
Sasha: I don't think its changes will be related to the WX DAO, however we should change some parameters due to the low price of the WX token, as it is currently possible to verify the token quite cheaply by simply purchasing WX at market price.

Q: I'm more curious if this functionality will carry over to the WX DAO?
Sasha: Definitely not in the first 3 months (KPI period), however I would like for it to happen, as it could solve a number of problems.

Q: What about the WX boosting mechanics?
Sasha: It will stay with the WX token and liquidity pools as it is not related to the governance process.

Q: How much PWR will gWX holders get?
Sasha: They will share 100 PWR tokens between them.
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Q: If I make an investment of 1000 WAVES in WX DAO, what will I get?
Sasha: You will get PWR, and at a slightly lower price than DAO participants who make an investment after the DAO launch. Such users will have to buy the DAO LP token, withdraw it and only then will they be able to take the PWR from the staking. It should be clarified why investing now, the price of this kind of PWR purchase will be lower. If the DAO is successful, the treasury size (and therefore the price of LP tokens) should grow, and therefore the price of buying LP tokens after the DAO launch should be higher.

Q: In what tokens will the WX DAO revenue be calculated?
Sasha: All tokens in the treasury will be taken into account when calculating the volume/revenue of the treasury.
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Forwarded from Sasha Waves
WX token as the cornerstone of WX DAO treasury

The primary asset in the upcoming WX DAO treasury is the WX token itself. The WX team has generously donated 10 million WX tokens to the treasury. Should the WX token's value increase, participants in the DAO will benefit by receiving 20% of the growth in the treasury's value.

Why should the WX token's value grow?

Balanced Tokenomics: A significant portion of the token supply, nearly 70%, is locked in staking, with most newly issued tokens being promptly locked. This commitment to staking reduces the circulating supply, which can potentially drive up the token's value.

Clear Utility: The WX token serves essential functions within the ecosystem, including increasing liquidity provision rewards in wx.network pools and covering trading fees. Additionally, WX tokens used for trading fees are permanently removed from circulation through burning.

Future Buyback Plans: There are plans for WX to initiate token buybacks with trading fees once the issues with de-pegged tokens, like WXG, are resolved. This buyback mechanism can boost demand for the WX token.

Market Recovery: The WX token has faced overselling due to the USDN/XTN situation. The initial sale of WX tokens for USDN and USDN's depegging significantly impacted the token's value. As stability returns to the market, the WX token's value is expected to recover.

Roadmap Expansion: The WX.network roadmap for the upcoming months focuses on launching derivative markets, which should substantially increase trading volumes and the utility of the WX token.

Liquidity Pool Profits: The price of the WX token is closely linked to the profitability of WX liquidity pools. A positive feedback loop can occur, where an increase in the WX token's price also enhances the profitability of liquidity provision. This, in turn, fuels demand for the WX token.

Current WX token holders can effortlessly become members of the WX DAO by staking their WX tokens; no additional steps are required. In return, they gain governance power within the DAO, enjoy a 20% share of the treasury's growth value, and receive $pwr tokens that are staked in the DAO, which can be unstaked at their discretion.

New members can also join the DAO by depositing funds into the treasury and, in exchange, receive staked $pwr tokens, which they can later unstake. Effectively, they are both purchasing $pwr tokens and participating in the treasury's potential upside, with rewards distributed every three months.

To join the DAO, please follow this link: https://app.power.tech/dao/3PEA2Mr8CgWXdaosBUK3TqxpWDC4MSofsYn
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πŸš€ Have you heard about the WX DAO and its significance for our ecosystem and community?

Find all the answers related to the WX DAO strategy and potential in the recap of Sasha's special AMA.
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πŸ’ΈInvest in WX DAO!🌊

The WX DAO launch is getting closer! Don't miss your chance to get $POWER token at an attractive rate. After the WX DAO launch, the only way to become a WX DAO participant will be a WXDAO token purchasing. But its price will be higher than now since it depends on the treasury's worth.

Invest, develop, earn!

WX DAO guide || WX DAO proposal || WX DAO Investment tab
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Forwarded from Sasha Waves
https://wx.network/wxdao half of WX DAO treasury has been collected, looks like it will close next week.

After the DAO has been launched you can join as well but there will be the treasury value factored in into the price.
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πŸ’₯WX Network UpdateπŸ’₯

Within this update, we have added the Realized PnL (Profit and Loss) parameter to the Trading terminal. Now the analysis of the trading process has become easier! It means you can more quickly adjust your trading tactics to avoid losses and get more profit.
Also there are some minor bugs fixes and performance improvements in this release.

Happy trading on WX Network! πŸš€πŸŒ•
πŸš€WX DAO liftoff!πŸš€

πŸ”₯Hooray! The WX DAO has launched! All WX DAO participants will receive their staked $POWER tokens in a week, after the voting for 1000 POWER emission for WX DAO ends. Have you already prepared your proposals for pushing the WX token price up?

πŸ”₯But don't be upset if you didn't join the WX DAO on time! You will be able to catch the last train! Until the staked $POWER are distributed among the WX DAO participants, you still can invest WAVES to get staked $POWER at a more attractive rate! After that, the only way to participate in WX DAO will be a $WXDAO token purchasing.

Propose, vote, improve!
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⚑️WX IDO Announcement⚑️

Dear users,

May we remind you that you have the option to choose which tokens claim from IDO contract - WX or XTN. However, it is essential to be aware that starting from January 1, 2024, only WX tokens will be available for claiming.

⭐️We kindly request you to take prompt action and claim your tokens before the specified date. This will ensure that you can make the most of the available options and avoid any inconvenience.
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Forwarded from Sasha Waves
https://app.power.tech/mother/proposal/GeMen1SEVJsaDXQqbuS9VTyCYKRKiHtarwQCDJ8DWS8Z Mother DAO $pwr stakers! It's time to do your job and vote. Don't forget that you receive staking interest only if you participate in voting! WX DAO proposes to execute a treasury swap of WX tokens to $pwr tokens with a 10% discount!
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Forwarded from Sasha Waves
You still can become an early bird in WX DAO with all the perks until November, 8 when the $wx snapshot is taken

Either
- stake your $wx token
Or
- deposit into the treasury and get $pwr locked in the DAO

https://wx.network/wxdao
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Dear WX DAO participants, please be advised that staked $POWER tokens have been distributed among you. Now you can manage WX Network development and push the WX token price up!

Despite this, any user still can become the WX DAO participant. Soon $WXDAO tokens will be available for purchase on Spot and any user can swap them for staked $POWER and start to earn.

Propose, vote, earn!
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πŸ“±AttentionπŸ“±

We’re aware that users of WX Network mobile applications faced with Email account login issue. We have fixed the problem for the Android app (update it, please), but it persists in the iOS app. We are doing our best to resolve it but, as we previously reported, the WX Network mobile apps updating is difficult currently.

❗️Be advised that you can always use the web/desktop application to log into your account.

We apologize for the inconvenience.
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WOW, what is that being verified there? Hooray, it’s a $WXDAO token! Quite a bit remains and anyone can buy it and start to earn by becoming the WX DAO participant!

Vote for $WXDAO token! Chop-Chop!
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πŸ”₯Become a part of WX DAO family!πŸ”₯

If WX DAO participants stir up your envy, then you shouldn't miss this announcement! The $WXDAO token has been issued and is already available for purchase in several trading pairs!

So, go to the Spot tab, for example, WXDAO/USDT-ERC20 pair, buy $WXDAO tokens and swap them for staked $POWER tokens. That's all you need to become the WX DAO participant and start to earn!

Propose, vote, earn!
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⏰ Scheduled matcher maintenance announcement

We do not stop our work on updating and improving our services. Therefore, we scheduled Matcher maintenance for today, November 20, 2023, 10:00 pm UTC.
Please, take into account that during the maintenance there might be difficulties with orders placement or cancelation. Orders and balances flickering may be the case as well.
The maintenance might take up to 2 hours. We will post a separate announcement as soon as all the actions by our side are completed.

We are sorry for any inconvenience.
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