Migration to JustMoney: Important announcement for our investors
To all our investors we want to give you some news that we consider important, and we have made some quick changes with the intention of looking for better options and more security for our all. For all those who are betting on the progress of this project.
Recently we have made the migration of the liquidity fund to JUSTMONEY, it has been with haste, we know, but as we have said from the beginning of this post, the idea is to provide more security and lower expenses to our investors.
We want to tell you a little about JUSTMONEY and the benefits that it offers us to continue advancing in our project.
To begin with, we must say that it is a multi-chain SWAP, that is, it can interact with several BLOCKCHAIN such as TRON, Poligon, Binance Smart Chain, Bittorrent, Ethereum and Zenith, being the first one, TRON, the one that in this case concerns us.
Let's talk about security, in the case of JUSTMONEY, in order to list a project on this platform, certain requirements must be met, and if not, they simply do not allow the project to be carried out, which allows for greater confidence in the project, because it goes through certain filters before being approved. Therefore, considering security as a fundamental point in any project where money is involved, there is no doubt that this is a good step.
On the other hand, commission costs are drastically reduced, which is undoubtedly another plus point. Adding or removing liquidity through SUNSWAP can cost up to 70 TRX in fees, plus energy and bandwidth consumption, but in the case of JUSTMONEY Adding and removing liquidity is tax-free.
We know that the APY offered is not what can be seen in the image, but since the liquidity migration has just taken place, we must give exactly 14 days for the actual APY to be reflected in the chart.
We know that you might be a little confused with the fact that it is now a new process, but it is actually very similar to adding liquidity through SUNSWAP, but with the new condition that the fee payment is much lower, and even in some cases non-existent, and that it is more secure.
In addition, we will soon be publishing the step-by-step process of how to add liquidity in this new platform. We would like to point out that additionally, you can continue to do it also in SUNSWAP, that is, you now have two platforms in which you can do it.
As always, if you have any questions, please feel free to contact us. We invite you to join our discord channel:
Official WOX FI discord channel
Hello @wox-exchange, this is great news, thank you.
Hi @tocho2
Yes, it's good news, even if it went a little fast
Thanks for sharing this announcement with us and it is very helpful to stay updated with the ongoing development. Great
Hi @alokkumar121
Investments increase after we moved to JM
https://tron.jmswap.io/pools
Thanks for keeping us informed about it, I am still not familiar with the operation of the platform, I hope that the security increases and that the commissions are lower. Regards
Hi @madridbg
You can get to know JM here
https://tron.jmswap.io/pools
Hi @wox-exchange
I myself do not understand yet why we had to migrate at this early stage from SunSwap to JM. It does look like things were poorly planned and it's kind of upsetting, to know that I've spent some time learning tool (sunswap) and that that knowledge is not useful any more. Time wasted.
Right now I have 5000 TRX locked in liquidity pool via SunSwap ... and I had plan to add 15k extra. But at this stage I will definetly hold on with this idea. Definetly I'm not planning to have my resources spread accross few platforms (part LP locked via sunswap, other part via JM).
My bet is , that there is more people in similar situation - people who will not invest funds, which they were planning to do.
Hopefully WOX team will not be surprissing their supporters with such a rapid, unexpected and not-discussed changes in the future.
Im still hopeful that @WOX-exchange will be a success story, but at the same time I cannot sit quiet while I'm so upset with this sudden, unprepared and chaotic migration.
Cheers, Piotr
Based on the update am not sure the new integrated platform is a bad idea its a welcome improvement based on security and fee for completing transaction i believe wox exchange have our best interest.
Although such quick changes can increase doubt among investors as well
Hi @mccoy02
Yes, it is in our best interests to be listed on a stock exchange like JM.
JM has a very good reputation
That's nice.
Hi @crypto.piotr
If you have selected Liquidity Mining in our app 1, 3, 6, 9 or 12 months https://woxdefi.app/liquidity-mining/, your funds are in JM
https://tron.jmswap.io/info
It is also important that the WOX token is now listed on a public exchange such as JM, which also places high demands on us.
@tipu curate 5
Hello there!
I find that to be a great move because I was amazed by the high tax in SunSwap to be honest and now this one is tax free and more secure then must be better. But may I ask, would that affect the investors who used SunSwap like adding liquidity or something in pools? Also wouldn't that affect the project overall since liquidity is spread?
Thanks.
Hi @lennyblogs
The locked-in liquidity that has been transferred to JM has no significance for our investors, everything remains the same.
@tipu curate
Hi mate, thanks for the info, although I think it was all a bit rushed. Regards
Hi @franyeligonzalez
Yes, it went fast, everything is easier at JM and fees are reduced and we are now listed on a public exchange