FAQ
Decentralized exchanges (DEX) are a type of cryptocurrency exchange which allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary. DEXs allow crypto investors to hold their keys while trading by using liquidity solutions from order books to liquidity pools.
NFTs (non-fungible tokens) are one-of-a-kind tokens that signify a specific good or asset, such as digital trading cards. They can be sold on NFT marketplaces, minted, auctioned, or used as assets in play-to-earn games that are yet to be released.
Wingswap is a decentralized exchange (DEX) built on the Fantom Opera Chain following the automated market-making model (AMM) popularized by UniSwap with creative improvements.
Fantom’s fast, scalable platform for decentralized applications (dApps) draws its speed from Lachesis, its unique consensus mechanism. Fantom also offers tools that make it easy to integrate existing dApps, a nuanced system of staking rewards, and a suite of built-in decentralized finance (DeFi) tools.
In November 2021, specific date to be announced
The platform is created without the flaws of existing approaches, enabling proper money markets to function, and creating a safe positive-yield approach to the liquidity provided by platform members. Beside offering comprehensive decentralized financial service, WingSwap is also created with multiple unique features such as DEX Smart Trading, NFT Integration & DAO Governance.
With WIS, users can participate in the Liquidity pools, Staking, Yield farming, NFT exchange and Governance in the platform
Total supply of WIS is 1,000,000,000 (1 Billion).
WIS contract address: 0xF24be6c063Bee7c7844dD90a21fdf7d783d41a94
How to buy:
1. Add Fantom Opera network on https://chainlist.org/ in your Metamask (chainID 250)
2. Swap your USDC / USDT from ETH/BSC network to Fantom Opera network https://cbridge.celer.network/#/transfer
3. Go to https://app.wingswap.io/swap
4. Switch network in your Metamask to Fantom
5. Add $WIS official contract 0xF24be6c063Bee7c7844dD90a21fdf7d783d41a94 in APP
6. Now you can swap your USDT / USDC to WIS
Liquidity providers on WingSwap receive WIS for providing liquidity or user can farm LP tokens to earn WIS. This ensures the protocol continues offering low fees and extremely low slippage.
By owning WINGS NFTs, users will also receive WIS rewards as the NFTs are automatically staked.
WingSwap charges a 0.25% transaction fee for every trade. The collected fees will be distributed in the following ways:
- 0.17% will be distributed to Liquidity providers
- 0.03% will be distributed to Wingswap Treasury
- 0.05% will go to our Buyback & Burn system
In order to connect your wallet to our platform, you have to click on the "Connect Wallet" button in the top-right corner of the page. After that, look for the wallet you want to connect and click "Connect". Approve the connection and you're good to go.
Farming requires providing liquidity to one of the pools which you can find on the "Farms" section. You can farm your liquidity pool (LP) tokens on the Farms section listed below, approving the contract, and choosing the amount you want to farm.
Check the Farms section for more details.
Staking requires having your WIS tokens in your wallet as well as FTM then you can look at the "Stake" section. Once you have connected your wallet, you can start staking, approving the contract, and choosing the amount you want to stake (preferably maximum).
Check the Stake section for more details.
Details will be updated soon.
Look at the picture below to see available brigdes to Fantom Opera Network:
Further infomation will be updated soon.
Last modified 1yr ago