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Wing Finance (WING) price, marketcap, chart, and fundamentals info
Wing Finance is a credit-based, cross-chain DeFi lending platform. Wing builds a platform dedicated to the digital asset lending market, supporting cross-chain interoperability between different DeFi products.
Wing’s decentralized governance model and risk control mechanism aims to promote a mutually beneficial relationship between borrower, creditor, and guarantor. Additionally, Wing creatively introduces a credit rating module as a prime example of decentralized credit based on credit.
Wing Finance is a protocol developed by the team behind Ontology, an enterprise blockchain solutions protocol.
Highlights of Wing Finance
- Support cross-chain collaboration and decentralized governance between a wide range of DeFi projects
- Introduce a risk control mechanism, promote a mutually beneficial relationship between borrowers, creditors and guarantors
- Break the barrier between DeFi and Traditional Finance through a decentralized credit system
- Flash Pool (Lending, Borrowing and Insurance)
The first lending product on Wing. Financial asset loan assistance and the introduction of an innovative way to Insurance Pool to reduce property risk.
Users earn WING in Flash Pool by lending, loaning and depositing into the Insurance Pool. It currently supports assets but is not limited to ONT, ETH, wBTC, USDT and DAI, and will support more assets in the future.
In the near future, Wing will launch IF Pool, a credit-based loan product, where users with OScore can deposit assets worth 80% or more of the value of the borrowed assets.
Wing DAO is a decentralized autonomous organization where community members are naturally encouraged to come up with proposals for decentralized financial services.
Communities have the right to make independent decisions about product launches based on community participation and autonomy in the product application rules and product termination and disposal.
What is Token WING?
WING is the Unility token of Wing Finance. It is used to support the platform’s reward system as well as its voting mechanisms.
Basic information about copper WING
|Initial Circulating Supply||369,232 WING (18.46%)|
|Total Supply||2,000,000 WING|
|Max Supply||5,000,000 WING|
WING token distribution
- Binance Launchpool: 6.5%
- Community Incentives: 68.5%
- Ecosystem Development: 25%
What is WING used for?
- Vote for new product development, platform parameters, community fund allocation, …
- Interest rate discount when paying interest on the platform.
- Buy insurance contracts to hedge financial risks in the platform.
Which floor is WING traded?
Currently, you have to register for an account and buy WING now Binance and MXC
WING coin safe wallet
You can store WING at: Trust wallet, Metamask, .. or store on the floor where you bought WING.
The Future of Wing Finance
Like the concept of Wing Finance and what the project is aiming for is a mission. Wing outlined a blueprint outlining how the project will grow in the following areas:
- Introducing new types of collateral: Wing will add a variety of collateral to its platform. Work to expand digitized collateral types to multiple assets
- Incorporate decentralized credit: Wing is planning to integrate a proprietary credit score into the design of its financial products so that users’ data and credit can be of value in helping users obtain financial services.
- Expand Wing DAO: Wing DAO encourages community members to make suggestions for Defi services. Communities have the right to make independent decisions about product launches based on community participation and autonomy in the product application rules and product termination and disposal.
Should you invest in WING dong?
- A fully functioning DeFi platform created by the Ontology team. These are the people who have maintained the Ontology network and have a good reputation.
- Partnered with Binance to farm WING tokens by staking BNB, BUSD and ONT.
- There is a limited supply of 2,000,000 WING tokens with a total supply of 5,000,000 WING.
There are quite a few facts that you can consider before deciding whether to invest in WING.
Community & Social
Credit-based, cross-chain DeFi lending platform is an innovative approach to deliver more advanced solutions often found in the mainstream finance sector.
With this approach, Wing Finance aims to strengthen the capacity, trustworthiness and confidentiality among its stakeholders. This not only helps users but also has the power to revolutionize the entire DeFi ecosystem. Built on Ontology, which charges very low transaction fees, this is another advantage. It will attract more users as the platform starts to support more tokens.
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