Here at Wault, we have an addiction to execution. No, not the medieval kind… It’s the kind that adds features and applications to our protocol, and in turn creates value for the users. That’s why today, we’re announcing the start of a brand new initiative that will bring even more utility to our platform, Wault Launchpad.
Binance Smart Chain is an exciting blockchain for DeFi projects but also a relatively new one. As a consequence, many of the necessary rails don’t exist to help new companies get the support they need, hindering them from what they should be doing: innovating and executing.
Qualifying projects will be able to hold their private and presales through our platform. Then, with Wault Locker, we’ll ensure the raised liquidity will be instantly locked and secured at the moment of listing. We’ll also facilitate the auditing process for the projects through our partners, making the new ventures more trustworthy while also protecting the liquidity providers.
For Wault token holders, there will also be many benefits. From the liquidity raised, Wault will collect 3% as a service fee and use it to buy WAULT tokens on the spot market, creating buying pressure and elevating the token price. The tokens will then be used for the following:
•60% will be distributed to the Liquidity Mining and Staking Contracts. As a result, liquidity providers within our platform will receive higher APYs.
• 40% will be sent to the marketing wallet. The funds will then be used according to the desires of the community, chosen through our system of decentralized governance. Hence, whether the tokens are burned, used for marketing, or development, it’ll be the most beneficial selection for WAULT holders.
Regarding the timeframe, we estimate Wault Launchpad will be available to receive applications in about 30 days. Prospective projects will then be able to apply through a form on our website.
Until that day, we’ll be looking forward to it, because we believe the launchpad will be in high demand. After all, why swim through the shark-infested BSC, when you can hop aboard a yacht? Well, ok, pre-IDO we’re still a speedboat…but the metaphor still stands.
What is Wault Finance?
Wault Finance is a decentralized finance hub that plans to connect all the primary DeFi use-cases within one simple ecosystem on Binance Smart Chain. We believe the benefits of DeFi should be accessible to the masses but in an intuitive way; avoiding the expensive fees, confusing interfaces, and centralized decision-making of many current platforms. So with these goals in mind, we’re launching an effective and user-friendly yield generator and lending aggregator to provide immediate benefits to our users.
In addition, we believe in open and decentralized governance. That’s why WAULT token holders will be able to vote on and decide all aspects of the protocol’s future development path. Every developer is also welcome to work on and contribute to our open-source code. Come join the movement and help us advance DeFi on the Binance Smart Chain!
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