What would you have done differently if you knew that Bitcoin was going to be so successful within a few years after it was launched? Most people felt that it was just going to end up like previous digital currency projects that failed. Well, we now know what happened after a few years as early bitcoin investors made millions of dollars and have now become whales within the crypto world.
The creation of Bitcoin by Satoshi Nakamoto has also popularized blockchain technology and further led to the emergence of other cryptocurrencies. While some of these currencies have failed, others have become quite successful.
Of course, as an investor, you may want to be sure that an investment isn’t a scam because a good number of developers and individuals behind some cryptocurrency projects often sell their tokens and walk away when the price of the token has risen leaving the other investors with little profit and in some cases, nothing but loss.
But here is another question; what if you’re given a second chance to become an early investor in a crypto that has the potential to make you good money?
One project that offers you the opportunity to enjoy excellent ROI is WISE!
What Exactly is Wise Token?
Just like many tokens on the Ethereum network, the Wise token is an ERC-20 token based on Ethereum blockchain and the main purpose for creating the token is for staking. When you stake in the WISE contract, you will enjoy interests on the funds you invested over the duration of the stake.
Recently, there is increasing popularity of decentralized finance (DeFi) as people are exploring various ways to safely earn a higher rate of interest on the funds they invested. Perhaps the most striking benefit of DeFi is that no government or centralized system controls it. So, the value of such DeFi projects can’t be manipulated by individuals or governments.
So, what is the Wise token offering investors? Investors now have the chance to purchase Wise tokens and enjoy interests on the money they invested as long as the tokens are kept for a specific number of days. You should be familiar with some of the traditional investment vehicles like CDs and Bonds. The Wise token is actually designed to be more like a bond. The truth is that bonds and CDs usually pay low-interest rates as a result of the existing economic challenges.
For instance, when you invest in CDs, you earn a fixed rate of interest, however, you will be penalized when you decide to withdraw your interest before the day it would end. On the other hand, you receive bond interest based on a specified schedule provided the principal amount you deposited remains intact until the scheduled date.
Currently, Wise is in its reservation phase and this is also a window of opportunity for people to become early investors especially when we consider the fact that the tokens are yet to be minted. This reservation phase is similar to what most of us know as initial public offering in traditional settings or an ICO within the crypto world. It offers every early investor the chance to earn higher rewards.
So, how does it Work?
Within 50 days, investors can send ETH or other ERC-20 tokens that are traded on Uniswap V2 to reserve Wise tokens. The Wise liquidity transformer is capable of accepting different tokens which will be converted into ETH via Uniswap for Wise reservations.
The available Wise tokens for each day will be shared by those who deposited ether on that day and it will be distributed in direct proportion. So, investors who made reservations on a particular day will be able to mint the fraction of the day’s available Wise token that is equivalent to a fraction of the total ether they sent in for the day.
This process which started on November 11th, 2020 will end on December 30, 2020, so investors have a total of 50 days to get on board. About 5,000,000 worth of Wise tokens will be available each day and investors can make reservations with a minimum amount is 0.05 ETH.
There would be a total of 250,000,000 Wise tokens in circulation by December 31st, 2020 based on the average number of tokens each day for 50 days (5,000,000 x 50 days). To ensure that the platform achieves the daily average of $5,000,000, the token reservation would in some days be a range. So, on some days, we would have a few thousands more or less than the 5,000,000 daily number of tokens and on other days, we will have an increase in the range which could be between 1 and 10,000,000 tokens.
While choosing your strategy for reserving Wise tokens, random days will always have a higher risk than days when the reservation is a guaranteed amount. So, have this at the back of your mind when choosing the days you would like to participate.
On some days, investors may gain a lot more and on other days, they would gain a lot fewer tokens than what they would have gained on a typical day. Since all of Wise token liquidity will be on Uniswap DEX for a start, it would be quite straightforward for investors to buy and sell the tokens.
One of the things that make investing in Wise token a smart decision is that the creators and developers are going to be compensated just like every other investor out there. This is quite different from most ICOs or tokens where early investors or teams behind the project get majority of the rewards giving them an unfair advantage while leaving late investors with losses or at best little gains. Here is how the distribution of Wise tokens would be:
- Investors will get 90 percent
- The Wise Foundation which is a non-profit organization will get 10 percent to help cover the initial set up expenses
What this means is that all initial investors (whether early or late initial investors) will enjoy the rewards equally. If you’re still interested, then there is still time for you to get involved at a low cost. It’s also crucial to point out that the minimum reservation cost of 0.05 ETH will go up as the price of Ethereum increases.
Apart from getting involved in the reservation phase, you can also earn referral bonuses by referring other people to invest in Wise. Here is the exciting thing about making use of a referral link; the person referring you will get rewarded while the individual making use of the referral link will also get credited at 110 percent of the actual amount of ether which they used to purchase the tokens.
This is amazing! If you are interested in getting this referral bonus, then go ahead and make use of my referral link. Please ensure that you read to learn more about Wise before reserving your tokens — DO YOUR OWN RESEARCH!
In my opinion, this project was designed to be fair to all investors and considering the global economic challenges we’re facing, it came at the right time.
