WePulseConnect (WPC) is a revolutionary Liquid Staking Derivative cryptocurrency built on the PulseChain network. It aims to provide a unique DeFi experience by offering token holders the opportunity to participate in yield farming, liquidity provision and new staking pools while supporting a sustainable ecosystem through continual token burning. This whitepaper outlines the key features, mechanisms, and benefits of WePulseConnect, including its tokenomics, acquisition process, and its role in the WePulse project.
WePulseConnect (WPC) is a cryptocurrency developed on the PulseChain network, designed to enhance the WePulse ecosystem's sustainability. It serves as a Liquid Staking Token capturing yield farming revenue from the project treasury. WPC tokens are acquired through a unique process involving the WePulse token (WEPLS) and the PulseX DEX, contributing to the project's growth and stability.
WePulseConnect has a fixed maximum total supply of 1 million tokens, ensuring scarcity and long-term value preservation.
WPC tokens serve multiple purposes within the WePulse ecosystem:
To promote scarcity and maintain a deflationary nature, WePulseConnect implements a buyback and burn mechanism. A portion of the revenue generated from the DeFi yield farm is used to buy back WEPLS + WPC tokens from the market, which are then permanently burned, reducing the circulating supply of both.
To acquire WPC tokens, users must follow these steps:
This process ensures a direct link between WePulse and WePulseConnect, enabling users to participate in the WPC ecosystem seamlessly. It is not recommended to buy WPC directly off the DEX as this will not be the best rate.
WePulseConnect uses the most advanced DeFi yield farming strategies to increase our revenues and project funding. These funds are folded back into WePulse in the form of buyback and burns on both WEPLS and WPC tokens, contributing to the sustainability of the ecosystem. 10% of the yield is held to compound the growth of the treasury while the other 90% goes to buy WEPLS off the market. 80% of this WEPLS is used to purchase and burn WPC from PulseX V2 which increases the trading ratio over time.
WPC holders may have the opportunity to stake their tokens into the various WePulseConnect yield farming pools in the future. This allows them to earn an additional share of the revenue generated by the DeFi yield farm.
WePulseConnect may introduce governance features, enabling token holders to participate in decision-making processes. This democratic approach ensures that the community has a say in the evolution and direction of the WePulse ecosystem. This feature will be reserved for future expansions if needed.
Unlike some tokens, WPC does not have a token tax, and therefore, it does not provide reflection rewards to holders. Instead, the sustainability of the ecosystem is maintained through the burn mechanism and yield farming.
WPC token holders can contribute to the ecosystem's liquidity by providing tokens to decentralized exchanges. This not only increases the trading volume but also earns them fees and supports the project's growth.
WePulseConnect (WPC) is a pioneering cryptocurrency built on the PulseChain network, focused on sustainability, yield farming, and token burning. With a maximum supply of 1 million tokens and a unique acquisition process through the PulseX DEX, WPC offers users the opportunity to participate in a thriving ecosystem while contributing to its long-term stability and value. As the WePulse ecosystem evolves, WPC token holders will play an integral role in shaping its future.
For the latest updates and details, please refer to the official WePulseConnect community channels. Join us in our mission to revolutionize the DeFi space and create a sustainable crypto ecosystem on PulseChain.
Telegram: https://t.me/wepulsechat
Twitter: https://twitter.com/wepulseofficial
~
A: To provide a Liquid Staking Derivative of WePulse (WEPLS) which captures yield farm revenues while driving more demand in our ecosystem.
A: One million WePulseConnect in total will ever exist. They are burnable so the supply can only go down over time.
A: Use the instructions provided in this whitepaper above. The WPC/WEPLS pair is on PulseX V2.
A: Only new purchases of WEPLS tokens can be converted directly for WePulseConnect (WPC) by using the method above to get the best market rate. Of course any DeFi asset can be trade for any other as well using traditional swaps.
A: Transactions are currently being processed manually so it can vary. Typically within minutes to hours at the most. It is best to only acquire WPC while the project developer is online and able to process everything.
A: Since WPC token does not have a tax there is no reflection rewards. This is also a benefit for people who want to move tokens to cold storage, multisignature wallets or different addresses like with staking for example.
A: It depends on your personal strategy but each offers unique benefits and rewards. WEPLS has reflection rewards whereas WPC does not, but WPC token appreciates in ratio against WEPLS over time.
A: Every single dollar that enters into WPC token must first go through WEPLS not once but twice, driving more volumes, burning and reflection rewards to liquid holders of WEPLS. Then every dollar earned from the yield farming revenue also flows through our WEPLS token pools twice yet again before landing into the V2 liquidity pools. Users selling WPC must exit through WEPLS pools as well further driving incentives.
A: Staking contracts have not yet been created but have been considered for future project expansions of token utility.
Posted using IceBreak
