WingRiders Governance Token
Empowering the community with benefits beyond governance.
WRT token holders shape the future of WingRiders through voting rights in the Decentralized Autonomous Organization (DAO). WingRiders’ vision has always been to become a full-fledged DAO, governed by the community to benefit the community, using the WRT token as governance and utility mechanism making it possible as a whole.
Asset fingerprint and addresses
asset18v68f0vgv2nc3at8cuuem7f3fztwqcq2usgjyp
0xAA761861322Ca1cB8c0aCEB1471B3B5AF81de5A6
0x5f0555c465634c5311cB2313Ff891E5A2A29fFf1
metadata
assetFingerprint: asset18v68f0vgv2nc3at8cuuem7f3fztwqcq2usgjyp
policyId: c0ee29a85b13209423b10447d3c2e6a50641a15c57770e27cb9d5073
assetName: WingRiders or 57696e67526964657273
ticker: WRT
Full name: WingRiders Governance Token
Description: WingRiders is a decentralized exchange protocol on Cardano. WRT provides access to dao voting and other DEX related functions.
Decimals: 6
Total supply: 100,000,000.000000
WRT token benefits & utility
Influence the future of WingRiders
As a WRT holder you can participate in the voting process regarding key decisions for the project’s development. The DAO members can propose various changes or even change the voting power of the governance token. Feature governance votings on:
protocol parameters of the platform,
which features will get added next,
upgrading modular smart contracts,
fee parameters of the platform,
selecting what farms will be enabled, including their reward allocation.
A deflationary token
WRT token has a fixed supply so it is by its very nature deflationary. Scarcity by itself creates a demand for the token.
WRT token Farmable
The WRT token itself will be farmable. It will have its own dedicated farm allowing you to maximize your gains from interaction on the platform.
Holding WRT impacts yields
By holding WRT tokens you will be able to farm higher yields than without them.
WRT an asset of preference
You will be able to buy selected NFTs and FTs with lower price tag when paying in WRTs.
Holding WRT impacts “gain” probability
Higher likelihood of airdrops during various marketing campaigns for the community.
Holding WRT gives you access to important information
Access to advanced platform statistics.
WRT will be used as currency for collateral for Agents
When decentralization of the Agent comes to the platform their collateral will be collected in WRT tokens. Without WRT you will not be able to become an agent.
Holding WRT makes you a stronger Rider
By holding a substantial amount of WRT you will be prioritized in customer support and DAO voting discussion and improvement suggestions. You will also gain first access to limited/VIP events and programs.
Get better prices
Promotional discount on project related merchandise.
Be part of a clan
Interesting Community initiatives available solely to WRT token holders.
Become a holder of WRT tokens
The WRT token can be acquired through four methods:
By participation in the WingRiders Token Generation Event (“TGE”) and its sales cycles.
Already and for a long time going forward farming rewards for providing liquidity to the platform.
Potentially through community development claim drops or other activities TBD.
Trading for the token post-TGE on defined CEXes and the WingRiders DEX:
Token distribution and tokenomics
The WRT token acts as a governance and utility token in the WingRiders’ DAO. The following chart outlines the token’s distribution and tokenomics.
Explanation of terms
1st day tokens - tokens freely available on day one of token entering the public market (on TGE)
Lock-up - period during which the token distribution is locked and no tokens are distributed
Vesting - linear vesting or monthly release schedule for remaining tokens besides 1st day tokens
Initial Round Example: 5% on 1st day, 3 months lock-up, 24 months overall vesting period
5% of the tokens will be unlocked and distributed on the 1st day (after TGE);
Three (3) months lock-up, meaning that the proportion from 95% of tokens for first 3 months (3.96% x 3 = 11.88%) is distributed three months (90 days) after the TGE date;
Rest of the token amount is vested linearly across twentyone (21) months (3.96% of tokens each month); meaning that 100% of the allocation shall be distributed in twenty four (24) months after the TGE date;
1st day tokens are delivered via Airdrops, vesting is done via smart contract claims.
Private Round Example: 10% on 1st day, 3 months lock-up, 24 months overall vesting period
10% of the tokens will be unlocked and distributed on the 1st day ( after TGE);
Three (3) months lock-up, meaning that the proportion from 90% of tokens for first 3 months (3.75% x 3 = 11.25%) is distributed three months (90 days) after the TGE date;
Rest of the token amount is vested linearly across twentyone (21) months (3.75% of tokens each month); meaning that 100% of the allocation shall be distributed in twenty four (24) months after the TGE date;
1st day tokens are delivered via Airdrops, vesting is done via smart contract claims.
Public Round Example: 15% on 1st day, 2 months lock-up, 12 months overall vesting period
15% of the tokens will be unlocked and distributed on the 1st day ( after TGE);
Two (2) months lock-up, meaning that the proportion from 85% of tokens for first 2 months (7.08% x 2 = 14.16%) is distributed two months (60 days) after the TGE date;
Rest of the token amount is vested linearly across ten (10) months (7.08% of tokens each month); meaning that 100% of the allocation shall be distributed in twelve (12) months after the TGE date;
1st day tokens are delivered via Airdrops, vesting is done via smart contract claims.
In comparison with other DEX projects on Cardano, WRT total number of tokens is 100,000,000 (100 million), or approximately 1/20 to 1/50 of the total token supply of other Cardano DEXes. This influences relative price point, and has the added benefit of providing a lower threshold for a clear influence stake in the future of the project.
WRT Token vesting: gradual release schedule
Why WingRiders?
Swapping, Staking, Liquidity Pools, and Farms
WingRiders, the DEX on Cardano, where you can swap, stake, provide liquidity to pools and deposit into yield farms. Together with the WingRiders development team the amount of experience in Cardano dates back to its inception. In the short time since its launch, WingRiders already became #1 by TVL amongst the DEXes on Cardano, facilitating token to token swaps not only via ADA. It has brought many firsts to the Cardano ecosystem.
1st to bring ETH, BTC & ERC20 tokens
Diversification is key in any strategy and to gain exposure to non-Cardano assets like ETH, BTC and ERC20 tokens opens a world of opportunities.
1st to bring stablecoins to Cardano
The presence of stablecoins in an ecosystem provides a safe haven to lock in gains and prevent losses. WingRiders introduced the two largest stablecoins USDC and USDT to Cardano on its launch to mainnet.
1st triple reward opportunities
Rewards and gains are important and from launch liquidity providers can gain via ADA staking, taking a share of trading fees and farming for even more rewards.
1st ADA auto staking, now stakepool voting
WingRiders launched with ADA auto staking where the ADA of Liquidity pools was automatically staked, and rewards returned to the Pool for the liquidity providers. Now liquidity providers can vote on where the pool(s) that they have their liquidity in will stake their ADA.
1st Direct hardware wallet integrations
Carrying out crypto transactions safely and securely is of paramount importance. WingRiders were the first to provide direct integration with their app with Ledger & Trezor directly, the two leading hardware wallets. On top of that WingRiders enables the use of the platform directly on Android via Ledger and a usb-c cable.
1st Integration with 3rd Party Dapps
WingRiders' vision has always been about being an infrastructure piece in the Cardano ecosystem, to help it grow. The direct integration into Nu.Fi staking wallet demonstrated how the DEX can be integrated into any Dapp or wallet, to offer it’s functionality to the projects and in turn expand its use case. Nu.Fi already supports Cardano, Solana and Flow.
Experience amazing gains and features on WingRiders
Swapping
Swap between Cardano and Cardano native assets to accumulate tokens you value for a longer term hold or just day and swing trade for short term gains using tokens and stablecoins.
Provide liquidity
Add liquidity driving the utility of the platform and gain a portion of the fees from each trade performed on that WingRiders’ pool.
ADA Staking
ADA pools additionally benefit from ADA staking rewards, giving you a double source of gains.
Yield Farming
Deposit your LP tokens received for providing liquidity into one of the Farms and get rewarded with WRT tokens and other exciting rewards.
Why Cardano?
WingRiders is built on Cardano, a third-generation proof-of-stake blockchain built to be future-proof.
Cardano’s thriving ecosystem
Cardano was the most developed crypto project on GitHub in 2021, with over 140,000 instances of additions to Cardano based code depositories.
Projects building on Cardano
Since the Alonzo hard fork in September 2021 which added smart contracts the Cardano’s network has been continually rising.
Number of Cardano (ADA) holders hits an all-time high at 5.1M
Cardano continues to grow, with the number of wallets on the network reaching over 5.1 million — an increase of 48% since the start of the year.
