CORE
by BSCN
April 10, 2023
The $WOW token will create more wealth opportunities for users while adding value to the Wolf of Wall Street NFT collection.
LFGSwap Decentralized Exchange (DEX) has announced the introduction of a new $WOW token backing its Non-Fungible Token (NFT) collection, Wolf of Wall Street. Following the introduction, the multichain DEX will launch an Initial DEX Offering (IDO) for the NFT token shortly.
The $WOW token is specially designed for the NFT collection. According to LFGSwap's Medium publication, the aim of creating the $WOW token is to empower Wolf of Wall Street NFT, allowing the digital collection to have more influence in its Web3 ecosystem.
The $WOW token, when launched by the DEX, would be utilized by users for NFT customization, single staking, LP staking, and more. The token will also give users access to premium IDOs, yield farming opportunities, and governance rights. LFGSwap will give out 50% of the token to users via the IDO and use the remainder to develop its ecosystem while creating wealth opportunities for everyone.
"The issuance of $WOW tokens is very special. We will distribute 50% of the tokens to the community through IDO, and the remaining tokens will be used for liquidity, artist team rewards, staking rewards, and airdrop rewards," the blog read. "Our goal is to create a fair, transparent, and prosperous ecosystem so that everyone can become the master of their own digital wealth."
The $WOW IDO is the first on the DEX and will adopt the overflow method, allowing users to contribute any amount of its native $LFG token. The IDO will go live on LFGSwap's launchpad from April 12 to April 15 at 7:00 UTC, and $WOW trading will open on April 15 at 9:00 UTC. The DEX will release 100% of the tokens, as there is no vesting period.
Read the LFGSwap blog for more information about the IDO, WOW utilities, etc.
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.
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