(Image by Yaroslav Danylchenko / Wemark)
The great news keeps coming: following last week’s announcement of our marketplace launch, we’re happy to announce the first exchanges to list WMK.
This means that Wemark tokens no longer exist as an abstract currency — they’re starting to get liquidity and can now be bought and sold by photographers and customers. This development is one of the most important stepping stones in Wemark’s path to mass adoption.
We’re excited to partner with Bilaxy, a top-50 exchange, and p2pb2b, a top-20 exchange for the first WMK exchange listings. We’re off to a good start, but it’s just the beginning. We’ll continue pushing forward to get WMK listed on the best exchanges for our community, and we’ll keep you updated as each development comes in.
Here’s a quick walk through the details:
The first exchanges to list WMK were selected with careful consideration of each platform’s volume, popularity, target market, future potential, and other factors.
Please stay tuned for the exact hours for each trading pair to launch — we’ll announce this on Telegram shortly.
Important! Please read -
Please do your own research while deciding which of the exchanges are best for you. Wemark cannot take any responsibility for your tokens or other funds that will be sent to or stored on any of the exchanges mentioned. As a general rule — we’d strongly recommend that you store your tokens in dedicated wallets and only keep on the exchanges tokens that you’re planning to liquidate in the short-term.
Any information you share with any of the exchanges during your registration or KYC process will be subject to the exchange’s privacy policy and terms of use and its safety or privacy cannot be guaranteed by Wemark in any way. Please make sure you familiarize yourself with each exchange’s policy.
Launched in April 2018, Bilaxy’s exchange is available in English and Chinese, and focuses mainly on ETH trading pairs. Growing rapidly over the past few months, Bilaxy is now rated as a top-50 exchange, according to Coinmarketcap.com.
You can learn more about Bilaxy on their website and FAQ.
WMK/ETH trading will begin on Bilaxy on Sunday, February 10th.
Launched in January 2018, p2pb2b is already a top-20 exchange, according to Coinmarketcap.com. This exchange features a diverse selection of cryptocurrencies and digital tokens, with ETH, BTC, and USD trading pairs. The p2pb2b exchange is incorporated in Estonia, with headquarters in Switzerland.
You can learn more about p2pb2b on their website and FAQ.
WMK/ETH, WMK/BTC, and WMK/USD trading will begin on p2pb2b on Thursday, February 14th.
(Image by Cavan Images / Wemark)
Our efforts to support WMK’s liquidity won’t stop here. We’re actively discussing with exchanges of all sizes and target markets, and we’ll keep you updated as new listings finalize. This is a vital step to sustain the liquidity and long-term value of the WMK tokens, and part of the elementary infrastructure of our growing economy.
As we’ve mentioned before, the prices on our marketplace are set in USD, and payments are done with WMK tokens. The WMK price of each image is calculated based on its USD price, and the current price of WMK on our platform. Currently, the price on our platform is $0.20 per WMK — the original USD price set during the token sale.
Since the token price may fluctuate significantly in its early days trading on exchanges, we’ll keep the exchange rate consistent by setting the marketplace’s WMK/USD rate manually at first and updating it according to the performance and the trading volume of WMK on the exchanges. Later on, we’ll shift the price on our platform to be fully consistent with the price on exchanges.
===
Click here to read about the release of WMK and launch of our marketplace, or join the discussion in our Telegram community by clicking here.
