What Is WigoSwap (WIGO) ? Complete Guide Review About WigoSwap

What Is WigoSwap (WIGO) ?

WigoSwap (WIGO) is a Decentralized Exchange (DEX), and also a platform for staking, farming, buying and selling of non-fungible tokens (NFTs). Making use of our DeFi protocols, users are able to provide the DEX with liquidity, trade various assets in a decentralized manner, and benefit from the rewards allocated to the adopters.

WigoSwap (WIGO) Taking into consideration the deficiencies inherent in the existing solutions, WigoSwap aims to reshape the DeFi solutions emphasizing their adequate functioning. Furthermore, the platform keeps an eye on guiding the liquidity provided by the users to yield in a more positive way. WigoSwap provides users with all-inclusive financial services that operate in a totally decentralized way.

WigoSwap (WIGO) services include but not limited to Decentralized Exchange (DEX), staking platform, and also liquidity pools. Moreover, WigoSwap benefits from a range of almost unprecedented features, including NFT Integration, and DAO Governance, that pave the way for rearranging the elements within the DeFi sector.

WigoSwap (WIGO) Storage Key Points

Goals and Products

WigoSwap (WIGO) team behind WigoSwap has been meticulously searching for the ways through which the flaws in traditional finance alongside the inadequacies in the existing DeFi solutions could be overcome. An example of the latter could be clearly seen in high transaction fees charged by the existing protocols, and also their slow transaction speed due to their lack of sufficient scalability.

Decentralized Swap

Liquidity Pools

WigoFarm (Farming)

Wigo Bank (Staking)

NFT Marketplace

Initial Farm Offerings (IFOs)

DAO Governance *

Why Fantom ?

WigoSwap (WIGO) First and foremost, the Fantom network is a true example of an incredibly fast, and secure network. Therefore, it is appealing to developers. Furthermore, it’s reliability and interoperability provide users with a network to participate in without worrying about the possible barriers.

WigoSwap (WIGO) While most of the similar networks have mostly profited early adopters, Fantom aims to guarantee financial gains by rearranging the elements within the industry. Last but not least, the Fantom network is designed in a user-friendly way to facilitate the embracing of the blockchain technology.

WigoFarm

WigoSwap (WIGO) As users add liquidity to the platform, they earn LP Tokens. Staking the LP Tokens will in turn lead to harvesting WIGO as the reward. In terms of giving rewards, WigoFarm is better than Wigo Bank. However, there exists the risk of Impermanent Loss. While the term seems a little threatening at first, but it’s not the case if you learn about the concept before attempting to use the farms.

WIGO Tokenomics

WigoSwap (WIGO) is the native governance token of WigoSwap’s ecosystem. The maximum supply (hard-cap) determined for WIGO token is 2,000,000,000. Initial Supply 8% of the Max Supply is intended for the initial mint that is planned to be minted by WigoSwap team at deployment time. The determined proportions are as follows:

Initial DEX Offering (IDO)

WigoSwap (WIGO) 2% of WIGO’s maximum supply (40,000,000 WIGOs), alongside $50,000 in FTM are allocated to the Initial DEX Offering. Therefore, the initial price of WIGO would be around $0.00125 at the beginning of the IDO. The LP tokens generated through establishing the initial pool, and received by WigoSwap core team will be locked for 365 days and will not be used in farming.

Why WIGO per Second?

WigoSwap (WIGO) Reading the texts explaining the mechanism of the farms and the calculation of the emissions on WigoSwap, you might have asked yourself why in the terminology “WIGO per second” is used rather than “WIGO per block”? The answer is simple; WigoSwap operates on the Fantom Blockchain, and on Fantom, transaction activities on the blocks determine the block time on the network. Therefore, the block time could range from less than one second to 20+ seconds.