Fellow Coinstorers,
Coinstore will list WMX (Wombex Finance) and open WMX/USDT trading pairs.
Details are as follows：
Trade time：2022/12/02 16:00（UTC+8）
Withdrawal time：2022/12/02 16:00（UTC+8）
Total supply: 100,000,000
Circulation: 2,510,000
Official Website: https://wombex.finance/
Whitepaper: https://docs.wombex.finance/
Block explorer: https://bscscan.com/token/0xa75d9ca2a0a1d547409d82e1b06618ec284a2ced
Introduction:
Wombex is a yield aggregation and veToken accumulation protocol built on top of Wombat. The protocol operation is based on the rules Wombat veToken model:
Wombat offers base APY (offered to anyone supplying liquidity without any additional conditions) and boosted APY (depends on the user’s veWOM position) To create a veWOM position, the user needs to lock WOM for a certain amount of time (from 7 days to 4 years, longer lock-up corresponds to bigger number of veWOM received after locking) Based on the user’s veWOM position vs veWOM position of others, the boosted APY is calculated. In general terms — more WOM locked for a longer time leads to bigger veWOM position and, finally — a bigger APY for the user.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Global,
December 1st, 2022
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