WingRiders Token (WRT)
DAO voting, Yield Farming on Cardano, ADA SWAP, and more DEX token benefits.
By holding WRT and becoming a Rider, Riders can access Double Yield Farming on Cardano, increasing boosting for gains, ADA Swap and more DEFI services on the DEX. Most importantly, Riders (WRT Holders) shape the future of WingRiders through voting and management rights in the Decentralized Autonomous Organization (DAO).
WRT Address and Fingerprint
asset18v68f0vgv2nc3at8cuuem7f3fztwqcq2usgjyp
0xAA761861322Ca1cB8c0aCEB1471B3B5AF81de5A6
0x5f0555c465634c5311cB2313Ff891E5A2A29fFf1
metadata
assetFingerprint: asset18v68f0vgv2nc3at8cuuem7f3fztwqcq2usgjyp
policyId: c0ee29a85b13209423b10447d3c2e6a50641a15c57770e27cb9d5073
assetName: WingRiders or 57696e67526964657273
ticker: WRT
Full name: WingRiders Governance Token
Description: WingRiders is a decentralized exchange protocol on Cardano. WRT provides access to dao voting and other DEX related functions.
Decimals: 6
Total supply: 100,000,000.000000
WRT DEX Benefits & Utility
Influence the future of WingRiders
As a WRT holder you can participate in the voting process regarding key decisions for the project’s development. The DAO members can propose various changes or even change the voting power of the governance token. Feature governance votings on:
protocol parameters of the platform,
which features will get added next,
upgrading modular smart contracts,
fee parameters of the platform,
selecting what farms will be enabled, including their reward allocation.
Yield Farming on Cardano using WRT
WRT can be used on WingRiders to Boost Yield farming in available pools. Cardano Yield farming and yield double farming pools mean that Riders can gain even more by holding the DEX token to maximize gains and increase farming rewards.
A Deflationary Token
WRT has a fixed supply so it is by its very nature deflationary. Scarcity by itself creates a demand for the ADA token.
WRT Perks and Holding Benefits
You will be able to buy selected DEX NFTs and WingRiders FTs with lower price tags when paying in WRTs.
Holding WRT impacts “gain” probability
WRT holders will receive a higher likelihood of airdrop during various marketing campaigns offered for the community.
Holding WRT gives you access to important information
Riders on the DEX will gain access to advanced WingRiders platform statistics.
WRT will be used as currency for collateral for Agents
When decentralization of the Agent comes to the platform their collateral will be collected in WRT tokens. Without WRT you will not be able to become an agent.
Holding WRT makes you a stronger Rider
By holding a substantial amount of WRT you will be prioritized in customer support and DAO voting discussion including improvement suggestions. You will also gain first access to limited/VIP events and programs..
WRT Holder Merchandise Perks
Promotional discount on project related merchandise.
Join the Cardano DEX and become a Rider
Take part in Interesting Community initiatives available solely to WRT token holders.
How can I get WRT?
Farming rewards for providing liquidity to the platform.
Through community development claim drops or other activities such as competitions. WRT can be won from ongoing and future planned events within the DEX. Users can keep an eye out on social media for announcements and find more information here.
Using WingRiders DEX:
Token distribution and tokenomics
The WRT token acts as a governance and utility token in the WingRiders’ DAO. The following chart outlines the token’s distribution and tokenomics.
Explanation of terms
1st day tokens - tokens freely available on day one of token entering the public market (on TGE)
Lock-up - period during which the token distribution is locked and no tokens are distributed
Vesting - linear vesting or monthly release schedule for remaining tokens besides 1st day tokens
Initial Round Example: 5% on 1st day, 3 months lock-up, 24 months overall vesting period
5% of the tokens will be unlocked and distributed on the 1st day (after TGE);
Three (3) months lock-up, meaning that the proportion from 95% of tokens for first 3 months (3.96% x 3 = 11.88%) is distributed three months (90 days) after the TGE date;
Rest of the token amount is vested linearly across twentyone (21) months (3.96% of tokens each month); meaning that 100% of the allocation shall be distributed in twenty four (24) months after the TGE date;
1st day tokens are delivered via Airdrops, vesting is done via smart contract claims.
Private Round Example: 10% on 1st day, 3 months lock-up, 24 months overall vesting period
10% of the tokens will be unlocked and distributed on the 1st day ( after TGE);
Three (3) months lock-up, meaning that the proportion from 90% of tokens for first 3 months (3.75% x 3 = 11.25%) is distributed three months (90 days) after the TGE date;
Rest of the token amount is vested linearly across twentyone (21) months (3.75% of tokens each month); meaning that 100% of the allocation shall be distributed in twenty four (24) months after the TGE date;
1st day tokens are delivered via Airdrops, vesting is done via smart contract claims.
Public Round Example: 15% on 1st day, 2 months lock-up, 12 months overall vesting period
15% of the tokens will be unlocked and distributed on the 1st day ( after TGE);
Two (2) months lock-up, meaning that the proportion from 85% of tokens for first 2 months (7.08% x 2 = 14.16%) is distributed two months (60 days) after the TGE date;
Rest of the token amount is vested linearly across ten (10) months (7.08% of tokens each month); meaning that 100% of the allocation shall be distributed in twelve (12) months after the TGE date;
1st day tokens are delivered via Airdrops, vesting is done via smart contract claims.
In comparison with other DEX projects on Cardano, WRT total number of tokens is 100,000,000 (100 million), or approximately 1/20 to 1/50 of the total token supply of other Cardano DEXes. This influences relative price point, and has the added benefit of providing a lower threshold for a clear influence stake in the future of the project.
WRT Token vesting: gradual release schedule
WingRiders DEX Features
ADA Swapping, Cardano Staking, Liquidity Pools, and Cardano Yield Farming
WingRiders is an innovative Cardano DEX offering DeFi services including ADA swap, stake, and yield farming. Aiming to be the best DEX on Cardano since inception, WingRiders is one of the top DEXs on Cardano by TVL, facilitating token to token swaps not only via ADA but across multiple DeFi Cardano projects’ tokens.
1st Cardano DEX bringing Stablecoins
The presence of stablecoins in an ecosystem provides a safe haven to lock in gains and prevent losses. WingRiders introduced the two largest stablecoins USDC and USDT to Cardano on its launch to mainnet and has just added support for DJED and iUSD
1st DEX offering Multiple Yield Reward Opportunities
Liquidity providers can gain up to FIVE rewards by adding liquidity and farming. These are, ADA auto-staking rewards, a portion of trading/swapping fees, double yield farm rewards, further enhanced gains via the boosting vault, and using their First Riders Tokens (FTs).
1st to Bring StableSwap Pools and Farms
StableSwaps provide DEX users with the foundation to utilize stablecoins. Traders can swap between stablecoin (pegged) assets with minimal possible slippage and price impact while Liquidity providers can use StableSwap pools, which dramatically reduce the risks associated with impermanent loss, which could lead to benefits resulting in deeper liquidity, higher volumes, and an overall larger pool of fees from which liquidity providers benefit.
1st DEX with ADA Auto Staking and Stake Pool Voting
WingRiders launched with ADA auto-staking where the ADA of Liquidity pools was automatically staked, and rewards returned to the Pool for the liquidity providers. Now liquidity providers can vote on where the pool(s) that they have their liquidity in will stake their ADA.
1st Cardano DEX with Direct Wallet Hardware Integrations
Carrying out crypto transactions safely and securely is of paramount importance. WingRiders were the first to provide direct integration with their app with Ledger & Trezor directly, the two leading crypto hardware wallets. On top of that WingRiders enables the use of the platform directly on Android via Ledger and a usb-c cable including Bluetooth support.
1st Cardano DEX Offering Integration with Third-Party Dapps
WingRiders' vision has always been about being an infrastructure piece in the Cardano ecosystem, to help it grow. The direct integration into Nu.Fi staking wallet demonstrated how the DEX can be integrated into any Dapp or wallet, to offer its functionality to the Cardano projects and in turn expand its use case. Nu.Fi already supports Cardano, Solana and Flow.
Experience amazing gains and features on WingRiders
WRT offers a variety of utilities for ADA Swap, Stake and Cardano Yield Farming across hundreds of DEFI tokens across the entire Cardano Blockchain.
ADA Swap DEX
Swap between ADA and Cardano native assets and bridged assets to accumulate tokens you value for a longer term hold or just day and swing trade for short term gains using tokens and stablecoins.
Provide ADA liquidity
Add liquidity driving the utility of the platform and gain a portion of the fees from each trade performed on that WingRiders’ pool.
ADA Staking
ADA pools additionally benefit from ADA staking rewards, giving you a double source of gains. Furthermore, ADA in your limit orders is also staked.
Cardano Yield Farming
Deposit your LP tokens received for providing liquidity into one of the Farms and get rewarded with WRT tokens. Also from select multiple double-yield farms DEX users can double their gains.
Why Cardano?
WingRiders is built on Cardano, a third-generation proof-of-stake blockchain built to be future-proof.
Cardano’s thriving ecosystem
Cardano was the most developed crypto project on GitHub in 2021, with over 140,000 instances of additions to Cardano based code depositories.
Projects building on Cardano
Since the Alonzo hard fork in September 2021 which added smart contracts the Cardano’s network has been continually rising.
Number of Cardano (ADA) holders hits an all-time high at 5.1M
Cardano continues to grow, with the number of wallets on the network reaching over 5.1 million — an increase of 48% since the start of the year.
