Everything about WING (Wing Token) cryptocurrency :
Wing Token
Wing is a credit-based Decentralized Finance (DeFi) platform dedicated to the digital asset lending market, supporting cross-chain asset and protocol interactions.
1. Project introduction
Wing is building a credit-based Decentralized Finance (DeFi) platform dedicated to the digital asset lending market, supporting cross-chain asset and protocol interactions. Besides over-collateralized lending services that DeFi projects often offer nowadays, Wing also aims to introduce a credit-based lending mechanism using Distributed Identity (DID). Users with an OScore can borrow assets by collateralizing assets whose value is 80% or higher than that of the assets borrowed.
Wing also plans to introduce new collateral types, and the team aims to do this in two stages: the first stage is to implement cross-chain asset collateralization, while the second stage is to explore the possibility of collateralizing assets such as NFTs and real-world assets.
The project has initiated the Wing DAO, a Decentralized Autonomous Organization (DAO) that governs the platform.
2. Application and distribution
Total supply: 10,000,000
Token application:
(1) Voting for new product development, platform parameters, allocation of community funds, etc.
(2) Interest discounts when paying interest to the platform.
(3) Purchasing insurance contracts to hedge financial exposure in the platform.
Token distribution:
Binance Launchpool: 6.50%
Community Incentives: 68.50%
Ecosystem Development: 25.00%
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