Binance Smart Chain Meets Wise, the most secure bet on blockchain

WiseSoft recently announced that the integration with Binance Smart Chain is about to unravel into a BNB-backed liquidity pool funded through the upcoming Wise Liquidity Transformer Event on April 27, 2021. The event will run for just 15 days or up to the pool ceiling of 200,000 BNB has been reached. Such a move, by the team of the most secure betting medium on blockchain, offers to create a $ 200 million Wise token pool on Pancakeswap. qualified participants of the event.

Big names, a major event for the blockchain industry and a bright new future for secure BNB-backed strike. This is what the DeFi connoisseurs already know, and eagerly await the event. Nonetheless, it’s okay to be a little weird on the subject. Let’s take a moment and dissect how important the Wise token event is to blockchain and DeFi in general.

The Fall and Rise of Strike and DeFi

Decentralized Finance is the primary application for which blockchain and Bitcoin were originally designed. While Bitcoin introduced the world to decentralized currency, it was later the Ethereum blockchain that made the dream a reality by combining cryptocurrency with the right infrastructure on which to develop real-world applications.

Some say DeFi got off to a bad start. Like any new departure from blockchain, the market was quickly flooded with projects that had no intention of being practical or useful, but were simply raising money for the benefit of the project’s initiators. Stakeout was also in the thick of it, of course, as most projects were not backed by assets and were shut down prematurely, despite the gigantic ‘take on the world’ plans that bragged them all.

“It all happened through greed, centralization, and tokenomics that depended on a never-ending demand.”

Reasons for failure are broad and at the same time all boil down to greed and centralization, while proclaiming decentralization and the lack of thoughtful tokenomics. Still, the industry quickly managed to get back on its feet. Bloomberg states that it took less than a year for the collateral level to rise from just $ 700 million to $ 9 billion in 2020, eventually turning the DeFi space into a medium worthy of the mainstream attention.

Wise Token is a breakthrough

By definition, unlike conventional financial institutions, decentralized finance is all about blockchain-based smart contracts that eliminate the centralized approach to the delivery of financial products. Think of bonds, loans, loans and time-based interest-related instruments.

This is where Wise steps in …

Wise is an ethically built and audited cryptocurrency backed asset that provides the blockchain community with a secure way to store value in cryptocurrency while benefiting from staking. In fact, it may be one of the main reasons it became an overnight success, raising $ 40 million in ETH for its first liquidity pool, in December 2020. Today, this non-removable pool backs up, filled with 55,900 ETH on Uniswap, not only the Wise token price but also acts as a firewall protecting its value. Simply put, even if all Wise holders decide to sell their holdings, there will still be enough liquidity to get ETH back, while there would still be 28,000 ETH in the pool.

WISE in short:

  • Backed by ownerless and non-removable ETH liquidity pool
  • Unbreakable bottom price of $ 0.08 (valued in ETH)
  • Punishes strikers who cancel their stake before the expiration date and distributes these fees to other stakeholders
  • 88% of WISE has been deployed
  • No Wise Tokens are assigned to the Team, Founder, or VIPs.
  • The liquidity pool manager keys have been burnt transparently

Wise meets Binance Smart Chain

The WiseSoft team has already proven that they are on the right track. At the time of writing, the 88% initial WISE (WISE-ETH) liquidity pool has been deployed, which serves as a big display of integrity holders have towards the WISE ecosystem. This time, however, Wise integrates with Binance Smart Chain (BSC) and Pancakeswap.

The 15-day Liquidity Transformer Event is in line with WiseSoft’s past achievements. All token holders who manage to get a share of the liquidity pool during the pre-sale can use Wise (BNB Wise-ticker: WISB) to:

  • Retail Value (Backed by BNB’s Non-Removable Pool on Pancakeswap)
  • Bet in one of WiseSoft’s high-yield programs (comes with a dynamic floor price)
  • Provide liquidity to partner DEXs and Wise reserve pools and earn interest from the profits of the WISB ecosystem
  • Perform a transaction as with any other ERC-20 token
  • Take advantage of WiseSoft’s upcoming collateral stake out and loan product

It is these functionalities that helped WiseSoft raise the bar when it first hit the market and are likely to remain the pillars of the ecosystem’s success. As with most major pre-sales on Binance Smart Chain, there are of course rewards that are meant to boost the trading process. However, unlike other projects, Wise has gone one step further, allowing its early investors to choose between 6 reward modes taken from a $ 544,000 incentive pool.

DeFi has done well

Conventional banking and financial markets have long been instilled in the minds of the public and investors as the only place where one’s capital can earn interest. Then came cryptocurrency, and like any new product, it turned from many early adopters into overnight millionaires. Today, the cryptocurrency market has matured and with integrations such as WISB on BSC, it is as ready as ever to take over the conventional interest-generating financial products. Bonus added? It will be incredibly secure and flexible in terms of its offering.

‘BNB backed liquidity pool’

In addition to what has already been implemented, WiseSoft will see the introduction of a new fully decentralized smart contract in the third quarter of 2021. It allows Wise holders to participate in the borrowing and lending of practically any crypto found on a decentralized exchange (DEX), but with an important differentiator that requires no human intervention and the need for centralized price oracles. According to Peter Girr, the CEO of WiseSoft, it is one of many important developments that the team will unveil this year.

So there you have it! The market finally seems to have a stakeout service provider that offers not only a safe and logically viable method of stakeout, but also flexibility in what you can do with your investment. Whether it’s a simple strike or exploring the Wise ecosystem, the presence of a price floor and a liquidity pool that does not own BNB finally offers peace of mind to those looking for a long-term investment.

Is there any further evolution to DeFi outside of the Wise ecosystem? We find it hard to say. But given the value it will add to DeFi, Wise has undoubtedly laid a solid foundation.

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