Project W - Update for 3rd of Oct. 2020 - 150K reached
Thanks to everybody, we have now reached the 150K swapped Steem mark. As mentioned before we are keeping the swap Qty. on a min. of 100K and have powered up 50K Steem.
The first powered up Steem has been delegated to a Steem finance system to start to gather revenue for the reverse vault. A curation program has been also initiated which is going to start to curate with the current Steem power. This curation will be manually adapted from time to time.
We have at the moment a liquidity pool of 51K USD, which includes in total 968K TRX and 157K WST. The trading volume for the last 24 hours is relatively low, as most of the WST liquidity is currently staked.
Project W gets already different requests from other projects for partnership or finding a way to work together and we would always like to invite other projects for brainstorming to find a solution for a fruitful together.
Channels
- Main Blog: https://steemit.com/@projectw
- Medium Blog: https://medium.com/@projectw
- Twitter: https://twitter.com/Projectw_io
- Homepage: https://projectw.io
Main Contract addresses
- WST-TRX Pair: https://justswap.io/?lang=en-US#/scan/detail/trx/TCMroNL1iNGJDtKdyiZmNLotjcVjJxnb3X
- WST Trade address: https://justswap.io/?lang=en-US#/home?tokenAddress=TCMroNL1iNGJDtKdyiZmNLotjcVjJxnb3X&type=swap
- WST Smartcontract: https://tronscan.org/#/address/TCMroNL1iNGJDtKdyiZmNLotjcVjJxnb3X
- PWT Smartcontract: https://tronscan.org/#/contract/TCt5d9JWwztVd5BiuYBQpQtdyv1PHjzz6P/code
Disclaimer
Project W is in beta and should be used at your own risk.
If you guys add some incentives to providing liquidity you might get some more activity. From an investing standpoint I can earn much more by powering up my steem and curating that I can from providing liquidity in that pool with very low trading volumes. If there is an incentive for me to provide liquidity I would certainly switch... need a good incentive.
The biggest incentive for WST is in the moment that you can easily switch your Steem Tokens into a TRC-20 based token on Tron. Due to the fact that there is in the moment liquidity for about 200K Steem, it is for the beginning big enough to swap your WST tokens to anything else you want within the Tron economy.
The project also runs at the moment a farming pool for PWT tokens where you can farm with WST-TRX LP's. PWT is the native governance token for Project W and will also be used in a later stage for vaults where you can stake PWT's to mine interests coming from the powered-up Steem at ProjectW. PWT on the other hand does not have any value from our view, except using it as governance, but the community will decide if there is any additional value on it.
Why would people want to switch their STEEM coins for a tron token though? The idea was for STEEM to create its own value. If people wanted to switch their STEEM coin for another coin/token they could go to a number of exchanges and do that right now.