Waves.Exchange Token (WX)

WX - is the native governance token of Waves.Exchange, a decentralized exchange in the Waves ecosystem that has been successfully operating since 2017. A team of over 60 professionals with substantial experience in fintech and blockchain is working on the project.

Currently, the Waves.Exchange ecosystem includes a crypto exchange, investment tools and gateways.

In November 2021, in a bid to achieve a greater degree of decentralization, Waves.Exchange issued a governance token, WX, which is also expected to help resolve the issues of liquidity, listings and market making.

WX is a core Waves.Exchange ecosystem token that is essential for Waves.Exchange Liquidity Pools investment product. WX token has 8 decimals and is non-reissuable. The originally emitted (issued) 1000,000,000 WX tokens will be locked on the contract. However, only a part of the total emitted amount will be released into circulation (during 2628000 blocks or about 5 years) in small portions according to release rate while a part of the amount will be burned. The release rate is based on community voting, so the users can decide what amount of WX will be released into circulation and what amount will be burned.

WX Token Features

There are many ways to use WX token in Liquidity Pools investment product and other places:

• You can lock your WX on the contract (for a period from 3 weeks to 4 years) to get gWX (boost) in return. The more is the amount and the longer is the duration of WX token being locked, the more gWX you receive in return.

• You can invest (deposit) your WX token in a liquidity pool with WX as one of the tokens in pair.

• You can pay trading fees in WX token at better rate.

• You can trade WX token on Waves.Exchange just like any other verified token.

WX Liquidity Pools

WX liquidity pools is an investment product that allows users to receive passive income for investing tokens in the pools that provide liquidity for smoother spot trading on Waves.Exchange. The service employs smart contract (opens new window)technology to speed up the trading process by means of AMM (Automated Market Making). The invested tokens are used to stabilize the prices of the corresponding token pairs on Waves.Exchange. The AMM algorithm automatically fills traders' orders using pools' liquidity provided by users. AMM controls the proportion of tokens in each pool depending on the price change. The more liquidity is in the pool, the less the exchange load affects the prices. AMM algorithm makes trading profits and collects them in the pools. This increases the liquidity of the pools and provides passive income for investors.

The service is based on the Waves blockchain that provides high transaction speed and low network fees.