php editor Xigua is here to introduce to you the circulation and total amount of WOM coins. WOM Coin is a digital currency issued by WOM Protocol, aiming to promote innovation and development in the advertising industry. According to official data, the total number of WOM coins issued is 1 billion. This total is determined at the start of the project and will not be increased. The issuance of WOM coins adopts a deflation model, that is, each transaction will destroy a certain proportion of the currency, thereby achieving stable growth in currency value. Generally speaking, the issuance volume of WOM coins is relatively small, which also provides a certain guarantee for its future value-added potential.
¥ 0.237914 ≈ $ 0.033062
The initial issuance of WOM coins is 1 billion, and the current circulation is 12.07 million. WOM represents Wombat's management token. Wombat Exchange is a decentralized multi-chain stable exchange platform with unilateral staking capabilities that can reduce slippage and improve scalability. Wombat introduces an innovative approach to asset pricing using an asset-liability management model.
Wombat Exchange is a stable currency exchange protocol based on BNB Chain, which supports multi-chain operations. The protocol uses innovative algorithms to provide traders with extremely low slippage and supports unilateral staking, making the stablecoin exchange and liquidity provider experience more convenient. Because its slippage is very low compared to other decentralized exchange platforms, it is very popular among investors and has now become a well-known stablecoin exchange protocol on the BNB chain.
Wombat Exchange currently has 4 unilateral liquidity pools: DAI, USDC, BUSD and USDT. There is a total of $40 million locked up, a figure that has successfully surpassed other DEX projects on the BNB Chain chain, including Dodo and AcryptoS. The reason why the lock-up volume has not exploded is because Wombat is currently in the Beta version testing stage and the deposit limit has been reached. However, once it is fully opened, we expect that the lock-up volume may increase significantly.
Compared with other stablecoin exchange protocols, Wombat’s main advantage is that it can achieve 100% capital utilization without impermanent losses, and at the same time, slippage is very low, and it operates on a single token pool. Designed to be able to pledge a single token. Compared to the stablecoin Ellipsis on BNB Chain, Wombat improves slippage by up to 40% compared to its peers in the market by maintaining the balance of the liquidity pool. At the same time, the transaction fee is also very low, as low as 0.01%, which is far lower than Ellipsis’s 0.04%. From the perspective of data performance, it has obvious advantages.
WOM coin is the governance token of Wombat exchange. Token holders have the right to participate in Wombat's governance decisions and voting. At the same time, they can also obtain veWOM revenue booster by locking WOM and improve the application of stable currency pool. The annual interest rate makes WOM Coin perform well in the market.
Wombat Exchange is a multi-chain stable currency exchange protocol based on Binance Smart Chain (BNB Chain). The project uses innovative algorithms to provide users with a new, efficient and convenient stablecoin exchange experience. Wombat aims to advance protocols, push boundaries, and expand the impact of DeFi by improving capital efficiency, increasing accessibility, and scalability. By operating in a multi-chain world, Wombat Exchange creates more opportunities for users and injects new vitality into the development of the DeFi field.
Wombat Exchange is also a high-quality project in the third quarter of the Binance Incubation Edition. The investment institutions are also quite strong. It has been a year since the preparations for the official launch. The team has made adequate preparations and believes in the subsequent development. It will also be very healthy. And Wombat’s partners have much longer lock-up periods than investors, which shows that Wombat has a sincere intention to protect the interests of token holders and is committed to building and contributing to this space in the long term. Wombat Exchange is a huge asset not only to the BSC chain, but to the entire DeFi world.
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