Second fundraising for WASDAQ to accelerate its development
After a first fundraising round from OTC investors last July 2021, we are pleased to announce that we have carried out a second round of fundraising from the same OTC investors, this time to accelerate the development of the project and respect our roadmap time.
Q4 2021: Contract-Chain Avalanche and Bridge
This sum will allow us to launch Wasdaq on Avalanche in addition to the BSC.
Holders will be able to trade $WSDQ on the Binance Smart Chain or on Avalanche Chain, or both if they wish using a bridge developed by our team and let holders transfers their tokens between the two networks.
Why Avalanche Chain instead of Ethereum Chain ?
Due to the cost-push inflation of gas fee on Ethereum we believe it’s better to display $WSDQ on Avalanche first.
The reason is twofold:
- Avalanche price gas fee is several orders of magnitude lower than Ethereum
- Avalanche “Contract Chain” supports the Ethereum virtual machine : this allows us to display our BSC code without any modification.
The bridge that we are developing will allow to use several Blockchains and not only BSC and Avalanche.
When will WSDQ be live on Avalanche?
We should be live on Avalanche Chain for mid-October / early November
WSDQ price will be the same on BSC and Avalanche? What about the Supply ?
The launch price of $WSDQ on Avalanche will be identical to BSC.
Price variations between networks will be regulated by arbitrage via $WSDQ tokens in the bridge.
BSC and Avalanche $WSDQ tokens can move through the bridge without exceeding the maximum $WSDQ supply: 150,000,000
What is the advantage of being on several Networks?
More we multiply networks, more users we can reach and therefore more new holders.
Thank you to believe to the Wasdaq project. It’s thanks to you if we can develop it and make step by step, the future of cryptos trading more secure with Predefined Trading Hours.