We2Net is a decentralized DeFi

100bnbwin
4 min readMar 18, 2023

#we2net #bsc #defi #farm #initial #liquidity

we2Net is a decentralized DeFi project built on the Binance Smart Chain (BSC), dedicated to expanding its user base globally. we2net is a decentralized DeFi project built on the Binance Smart Chain (BSC) with the aim of expanding its user base globally. We provide users with the authority to add initial liquidity, enabling them to freely add or remove liquidity. In addition, our innovative blockchain marketing system helps to promote the project and increase user profits.

Initial liquidity refers to the process of adding liquidity to the pool with the same ratio as the one set during liquidity pool creation.

If tokens are not circulating outside of the market, the rate at which initial liquidity is added is the lowest token purchase price. We share the authority to add initial liquidity with users. If only USDT is used to add initial liquidity, the Hub contract automatically creates and adds tokens to the liquidity pool in a 1:10 ratio.

LP tokens are stored in the Hub contract and can be freely removed from liquidity. When the initial liquidity is removed, only USDT can be retrieved. The corresponding WE2NET tokens will be burned before trading opens.
After trading opens, they will be used as rewards for LP mining. To prevent fluctuations in the initial liquidity addition ratio, we2net token trading is suspended until the initial liquidity event ends. we2net tokens are only generated automatically when adding initial liquidity and do not have any other means of issuance.

Marketing system on the blockchain

WE2NET are trying to make tokens by algorithm that do not lose its’ value forever. We needed such an algorithm that all the users could increase the number of holders, not only be led by the power of the developers. Even if the developer disappears, this algorithm maintains the number of users.

The Algorithm of the DEX used to have a structure in which the supply of initial liquidity would be unconditionally profitable when the tokens are not available outside of the market. Because, the LP has no tokens to sell, only people to buy. However, for most tokens, the initial liquidity supply is provided by the developer. We2net shares the supply of initial liquidity rights with users. Developers and users would receive the initial liquidity with the same entry price by the algorithm. Liquidity will be stored in Pancake swaps, and it can be added and removed, i.e. deposits and withdrawals.

we2net goes live, deadline for LPs set for April 15, 2023 According to the official announcement by the we2net team, its mainnet version inches closer to its official public release. The first generation of its liquidity providers should be onboarded until April 15, 2023.

we2net (WE2NET) is a new liquidity protocol and reward generation system that aims to provide a more fair, inclusive, and balanced liquidity ecosystem. The protocol has a strict third-party security audit and detailed roadmap for 2023–2024.

The protocol focuses on providing an equal opportunity for early enthusiasts, founding teams, and other investors by locking a portion of liquidity in the smart contract for a predetermined period. The injected liquidity will be stored in the pool of PancakeSwap (CAKE) to prevent the network from being dominated by whales. Additionally, it will eliminate the opportunity for early contributors to sell their allocation on a large scale in the first few months of we2net’s operation. The utility and LP reward token for the protocol, named WE2NET, will be distributed to all investors. 1 WE2NET is currently sold for 0.1 USDT. The first LP reward distribution will take place after the LP deadline in April 2023.

As the protocol’s first iteration is about to be released, we2net has released a roadmap for its investors. In 2023, the protocol will launch a staking farm and its own non-fungible token (NFT). In the fourth quarter of 2023 to the first quarter of 2024, the team will activate a full mainnet and launch an application marketplace for the Web3 field.

Referral program

for audited DeFi To accelerate we2net’s adoption and increase its visibility, the team has launched a generous referral program. Direct referrals can earn up to 50% of the reward for their followers. The referral program has six levels: direct referrers get 50%, indirect referrers get 25%, third-level referrers get 12.5%, and so on. To ensure that its design is secure for all users and liquidity providers, we2net protocol was audited by CertiK, one of the leading Web3 cybersecurity teams.

For Info

Website: http://www.we2.net/en

Telegram: http://t.me/we2netchannel

Twitter: http://twitter.com/we2net

Discord: http://discord.gg/we2net

Author

Proof of authentication
Bitcointalk username: adibakala
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=3403543
BSC wallet address: 0x412341Cd2722e7DF760C16A4E53492181197B6bD

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