W😮Wswap announces a sneak preview 👀 and daily rewards for early adopters.
W😮W team is happy to release a sneak🦸♂️ preview of WOWswap to give you a better understanding of the protocol’s functionality. During the sneak preview period we will collect feedback📝 and suggestions 🕵️♀️from the community before the main product is launched.
⚡To celebrate the sneak preview every day during the next 1 week (March 31st — April 6th) we will be rewarding 10 random traders with 3️⃣ WOW each. To participate in this daily contest you need to make at least 3 swaps from BNB to WOW and vice versa. Each swap should be at least 3 BNB (3BNB -> WOW -> 3BNB -> WOW…)
Winners will be announced daily at 6:00 PM (Pyongyang local time).
Introducing WOW Proxy-token mechanism🤓 enabling leverage trading & liquidations.
For the current sneak 🦸♂️ preview the leveraged trading is not enabled, because the BNB lending pool has not been opened yet. The current sneak preview allows to trade 28 tokens, including ETH, CAKE, BSCX etc., with no leverage.
The goal of this sneak preview is to launch and test🧪 WOW protocol’s proxy-token smart contract, which is a crucial component in enabling the leveraged trading mechanism to work its magic 🧙♂️
The proxy-tokens are pegged 1:1 to the underlying tokens and are held by WOW’s smart-contract on your behalf. Every time you sell proxy-tokens, WOWswap automatically converts them to the underlying tokens, swaps them on Pancakeswap, and sends you the funds.
How to use sneak🦸♂️ preview:
1️⃣Go to WOWswap.io
2️⃣Connect your wallet via Metamask (make sure your are on Binance Smart Chain). If you don’t know how to connect to BSC, read this guide.
3️⃣In the “FROM” field select BNB or BUSD.
For now you cannot change the leverage — it’s set to 1X, meaning that you are going to buy tokens just with your own funds.
4️⃣ Select the token you want to buy, click SWAP, and confirm the transaction in Metamask.
5️⃣On the confirmation screen click button “Add token to Metamask”
Your feedback 👂matters
- Check FAQ section on Wowswap website.
- Join our telegram community.
- Follow us on Twitter.
