Press release
PRESS RELEASE. we2net, a new DeFi platform that aims to bridge the gap between centralized and decentralized finance, has gained strong traction in Korea with over 230 LP holders and nearly $760,000 in initial liquidity in just three weeks since launching its offline development efforts.
Based on data analysis, the distribution of initial liquidity of LP holders is evenly distributed without large whales, indicating a fair and equitable distribution. we2net will launch on April 15, 2023 at 0:00 UTC, and investors can buy their tokens via PancakeSwap or the official website.
The we2net team is now actively promoting its platform through online marketing efforts and offering attractive incentives to the community to encourage its development. Here’s a closer look at some of the platform’s mechanics:
we2net uses USDT and WE2NET tokens as liquidity pairs. Users just need to add initial liquidity using USDT, and the smart contract will automatically generate WE2NET tokens in a 1:10 ratio and add them to the liquidity pool. This mechanism ensures that both developers and users of the project enter the market at the same purchase price, resulting in a fair distribution of profits.
To avoid exchange rate fluctuations, trading of WE2NET tokens before the deadline for initial liquidity provision is prohibited. After enabling trading, the corresponding WE2NET tokens will be used as LP mining rewards. Additionally, the platform offers generous rewards for senders, with up to 50% of revenue from user fees, while the remaining 50% is allocated to their direct senders.
A notable aspect of we2net’s liquidity provision mechanism is that it shares the privilege of adding initial liquidity with all investors, unlike traditional DeFi projects where project developers are responsible for adding initial liquidity, which can lead to uncertainty and possible rugpool scenarios. By sharing this privilege with investors, we2net achieves a truly community-driven, decentralized approach.
Also, the number of issued tokens is tied to the amount of initial liquidity added, ensuring that project developers do not issue unexpected tokens. In terms of referral mechanics, users can get their referral link on the official website and earn up to 50% of the transaction fee revenue as a reward depending on their level. This incentivizes users to continue promoting the project and expanding the user network, as evidenced by the continued promotion of the project’s ranking activities.
Overall, we2net’s innovative approach to liquidity provision and referral mechanics, coupled with its successful offline development efforts, bode well for its future growth potential. As it enters the DeFi market on April 15, it will be interesting to see how it continues to differentiate itself from other projects and gain traction in the highly competitive DeFi space.
Website link: https://www.we2.net/es
Telegram: https://t.me/we2netEn
Twitter: https://twitter.com/we2net
This is a press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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