In the last few days I have been sharing content about the WOX token, for those who don't know WOX DAO is the first decentralized reserve currency protocol available on the TRON network based on the WOX token.
As stated by the equid behind the WOX DAO project, each WOX token is backed by a basket of assets (e.g., TRX tokens, TRX-WOX LP, etc., etc.) in the WOX treasury, giving it an intrinsic value below which it cannot fall. WOX also introduces economic and game-theoretic dynamics into the market through staking and minting.
The way to participate in WOX DAO is super simple, and basically consists of two main strategies for market participants: participation and minting.
It is noteworthy that participants wager their WOX tokens in exchange for more WOX tokens, while minters provide LP tokens or TRX tokens in exchange for discounted WOX tokens after a fixed allotment period.
To participate you can access the following link: https://sunswap.com/?lang=en-US#/scanv2/detail/TUXJrfBdJPuAJbKJV3e7d3JeyeejedPxvM
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The cover image was designed by the author: @lupafilotaxia, incorporating image: @xpilar
