Non-Fungible Tokens or NFTs have shaken the world with so many NFT projects getting all the buzz and attention throughout the international media. Werewolf Exchange, one of the new entrants in the NFT world is ready to give a new meaning to the growing marketplace with its ecosystem.
Werewolf Exchange is an innovative defi platform based on the Ethereum network. It uses ERC-20 for utility tokens and ERC-721 for NFT. The whole system is comprised of a Decentralized Exchange (DEX), Asset Management, and Yield Farming for staking tokens. The Werewolf coin or WWC is the utility token that is also used as the Governance token.
Werewolf’s development is based on a few basic fundamentals, tackling some of the major issues in the NFT space including liquidity and trading ability. It incorporates Automated Market Maker, Initial Bonding Curve Offering (IBCO), and NFT Raffle to fix the liquidity and accessibility. Reasons why the platform garnered explosive recognition within the crypto community.
Werewolf’s commitment to building a flexible NFT and crypto marketplace, creating a whole new ecosystem on the Ethereum blockchain, will provide users with the speed and possible dependability that the market is currently lacking.
Werewolf Exchange founder said, “Werewolf Raffle will give the ability to NFT owners to sell their NFTs at better prices without having to wait for an ideal buyer to come. The raffle will attract users to buy tickets to participate. That’s also how NFT owners would make money, also giving users a chance to multiply the investment if they win the competition pool.”
What Werewolf Offers?
Werewolf Assets: There are three different assets — Alpha, Beta, and Omega. Alpha is the pack leader and ruler of the territory or region. It is also the most powerful and dangerous of all. Beta assets are the followers of Alpha. A beta born in any territory owes allegiance to the Alpha of that region. Lastly, Omega. It is a lone wolf and the least powerful one. Omega can be born in a Territory ruled by Alpha but Omega wont be associated with any Alpha or Pack.
Users can either buy these assets or mint them using Werewolf Coin (WWC) on Werewolf App.
Yield Farming: Staking is a very popular thing for crypto holders or people looking to earn extra coins. Werewolf has 12 different staking pools “Full Moon Pool.” The pool mimics the lunar calendar. Users can stake their WOLF tokens in the pool and earn WWC. The reward increases with each next pool. For example, rewards in the December pool will be higher than in June.
NFT Raffle: NFT Raffle allows NFT holders to create a competition pool on the Werewolf Platform. They can decide the minimum and maximum numbers of participants, entry price, and result date. While users can participate in the created competition. On the result day, the pseudo-random algorithm smart contract picks a winner. The more entries a user has, the higher their chances of winning.
Trading: Werewolf announced its public sale of tokens in January 2021, followed by two rounds of IEO in April and May on Latoken Exchange. Measuring the success from the public sales, Latoken listed Werewolf Coin (WWC) on 1st June 2021, which resulted in massive buying of coins, catapulting the price of WWC to $1.9 (all-time high) within hours of listing, with an all-time high market cap of $99.78 million. Werewolf is also listed on Coingecko and more listings are coming fast. The exchange has a maximum supply of 721 million coins with 108 million of initial and circulating supply.
Karnav Shah Founder of Platinum Crypto Academy expressed “It’s an absolute pleasure to be working with Werewolf Exchange. Werewolf exchange is the newest hit in the world of Non-fungible tokens (NFTs), a sector of the crypto industry that became the biggest trend of the year. . Werewolf Coin is the ERC-20 utility token accepted across the Werewolf finance platform. Here, token is mostly used for to trade (Buy and Sell) NFT assets, grants rewards to those who staked their wolf tokens into the staking pool, and available for swap within Werewolf decentralized exchange. We say look forward to the upcoming edition of Cryptoniare weekly to find out more about Werewolf Exchange.
We plan on reaching out to more people and give them a chance to experience NFT and Defi together, opening a potential way of investment, collection and earnings for them all. So It’s an absolute pleasure collaborating with Platinum Crypto Academy and get its experience and support to reach more people across the globe.
Hopefully, you have enjoyed today’s article for further coverage please check out our Crypto Blog Page Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.
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