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Cardano’s WingRiders is launching its own token on Thursday


thecoinrise.com 13 July 2022 15:37, UTC
Reading time: ~2 m

Cardano (ADA) Blockchain’s largest decentralized exchange platform WingRiders has announced that it will launch its own governance token on July 14. The exchange will start the Token Generation Event for WRT tokens on July 14, 2022, at 10 a.m. UTC.

📢🚨Riders, We are thrilled to announce our confirmed TGE date!

🕐14th of July, 10am UTC
Prepare your wallets – go, go $WRT!

WingRiders is the largest #Cardano DEX by both TVL and volume. We are building the DeFi Hub that serves the needs of this L1 community of ours!

More👇 pic.twitter.com/TE4DEj313C

— WingRiders (@wingriderscom) July 11, 2022

In its roadmap, the DEX also included a number of additional facts about the TGE and the release of the WRT token. According to the platform’s website, token holders will receive a significant benefit — ability to vote.

Massive offerings by WingRiders to WRT holders

WRT tokens holders will have the opportunity to cast votes, take part in significant events, and therefore significantly influence the growth and future of the DEX on the Cardano blockchain. Hence, your ability to participate in the operation of the WingRiders exchange will be better the more tokens you amass.

Members of the DAO will have the power to decide commission amounts, platform protocol parameters, and the features that should be included in the Cardano DEX. Holding the WRT token also grants holders access to valuable information, unique airdrops, higher returns, and membership in the WingRiders clan.

Despite the recent collapse in the values of all the main cryptocurrencies, the British Virgin Islands-based exchange platform wants to boost and expand its customer base. WingRiders is not the only company aiming to leverage these market conditions to expand and be ready for the bulls. 

Recently, as TheCoinRise reported, Brazilian digital payment provider PicPay also announced the launch of a stablecoin and a fully-featured crypto exchange platform. According to the company’s strategy, it will start by developing a crypto exchange platform for trading with the launch of its own stablecoin. It is also planning to dive into the NFT and metaverse sector by developing and launching an NFT marketplace.

Moreover, crypto exchange giant Binance is also determined to expand hiring taking advantage of crypto winter. 

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