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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🐵WX Network Governance evolution!👨

The WX Network governance system has proven itself to be a safe and transparent management tool. It’s time for the next step towards decentralization so that any of you can propose ideas for improving and developing the platform. Therefore, we invite you to vote for the creation of WX DAO and make the WX Network part of a POWER DAO big family.

If WX DAO is successfully launched, WX Network team will donate 10,000,000 WX to its treasury. Do you want to get a piece of this cake and receive POWER tokens to boot? - Then hurry up to participate in the WX DAO.

Is this intriguing? - More amazing details in the article!
⚡️LINK-WXG delisting⚡️

An audit of the LINK-WXG token was completed, and the buyback procedure has started. The procedure of token delisting from WX Network on waves.exchange domain will start today and will take 31 days. Today, we will stop LINK-WXG trading bot and remove the WX emission label from LINK-WXG/XTN pool.

❗️We have placed an order to buyback your LINK-WXG for LINK-ERC20. Please sell your tokens as the buyback procedure will end on December 1, 2023.

❗️We remind you that until November 16, 2023 you can also sell the following WXG tokens on the trading page:
MKR-WXG/MKR-ERC20
UNI-WXG/UNI-ERC20
Forwarded from Sasha Waves
Different ways to become a member of WX DAO.

WX DAO is structured as an incentivized community DAO designed to involve various participants from the Waves ecosystem in wx.network governance. It aims to offer them multiple low-risk revenue streams.

Every participant in the DAO receives $pwr tokens and has the ability to vote on proposals within the DAO and share in the profits generated by it. Participants also have the option to unstake and sell their $pwr tokens. This unlocking of $pwr tokens occurs every three months during the DAO treasury settlement when rewards are distributed.

The DAO treasury's initial capital consists of a $10 million donation from the wx.network team and the WXG tokens acquired through buybacks using WX trading fees, thereby increasing its value. Every three months, DAO participants are entitled to 20% of the treasury's growth in value. This growth is dependent on the $WX tokenomics, which allow $WX to be used for paying trading fees, reducing its supply. Furthermore, the execution of the WX roadmap introduces various new incentives to enhance the utility of $WX. In addition to this, the WXG buyback process guarantees continuous growth of the WX treasury, regardless of the price behavior of WX tokens.

There are three ways to become a member of the WX DAO, engage in WX governance, and potentially benefit financially from it.

1. gWX (staked WX holders) receive $pwr tokens automatically and only need to stake their WX tokens. They can participate in WX governance and profit from the growth of the DAO treasury. These participants can later unlock and sell their $pwr tokens, essentially making them a staking bonus.

2. You can become a DAO member during its initiation process by depositing funds to the DAO treasury, effectively purchasing $pwr tokens at the current market rate. You can unstake your $pwr tokens after three months, following the first settlement. This grants you all the voting and profit-sharing rights within the DAO. Any upside from the DAO treasury that you receive is an additional reward on top of the $pwr token price.

3. You can become a DAO member after its launch by purchasing WX LP tokens on the open market and depositing them in the treasury. In return, you receive staked $pwr tokens (with 1 WX LP token granting you 1 $pwr in the DAO) and can participate in governance and profit sharing. In this case, the price of the WX LP token may be higher than that of the $pwr token since it includes profits from the growth of the WX DAO treasury. This means that participating in the DAO's launch process and depositing funds in the treasury provides a discount relative to latecomers who enter the DAO based on its current treasury value.

All the methods of entering the DAO are designed to offer a favorable risk-reward ratio, with staking WX tokens and depositing into the treasury during the DAO launch being the most profitable option.

https://app.power.tech/dao/3PEA2Mr8CgWXdaosBUK3TqxpWDC4MSofsYn The DAO is launching !
Forwarded from Sasha Waves
3 ways to enter the $wx dao:
- Stake $wx or have it already staked. Get $pwr for free
- Deposit to treasury. Get $pwr + 20% of the treasury growth
- Join the DAO later by buying treasury LP at market price
https://app.power.tech/dao/3PEA2Mr8CgWXdaosBUK3TqxpWDC4MSofsYn
💸WX DAO treasury starts to grow💸

As was promised, WX Network team donated 10,000,000 WX to the WX DAO treasury. As well as the first WXG tokens have topped up the treasury!

Hurry up to get a piece of this pie!
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!
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.

“The 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?

“We 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.

“We 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.
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.
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
💸Invest 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
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.
💥WX Network Update💥

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! 🚀🌕
🚀WX DAO liftoff!🚀

🔥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?

🔥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!
⚡️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.
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