What is WING Coin?
WING coin is a DeFi token in the OKExChain ecosystem. According to the latest market data, as of 13:47 on September 11, 2021, the price of WING coin is $26.8848, its historical highest price is $145 (on September 16, 2020), and its historical lowest price is $2.3958 (on October 2, 2020). The circulating market value of WING coin is $40.9323 million, and the 24-hour trading volume is $12.6904 million. It has been listed on 8 exchanges. Judging from the current data, the market circulation of WING coin is performing well. So, what kind of currency is WING coin? Many investors want to know what the prospects of WING coin are. Let's find out.
What is WING coin?
Wing is the first DeFi cross-chain platform based on the Ontology blockchain that integrates credit elements. Based on the decentralized identity and decentralized scoring system of Ontology, Wing has built a DeFi platform that supports cross-chain collaborative interaction of different DeFi products. The risk control guarantee mechanism introduced by Wing combines the platform's own decentralized governance model to form a benign game between "borrowing", "lending" and "insurance", and innovatively provides a credit assessment module as a strong support for credit products on the platform.
Wing will issue its digital asset token WING, without fundraising or pre-mining, and its community Wing DAO adopts an open governance model. Next, Wing will focus on expanding the types of collateral, integrating credit elements into products, and expanding decentralized financial service autonomous organizations.
WING Token (WING) is the governance certificate of Wing DAO and has a series of governance rights. The rights of WING Token belong entirely to Wing DAO, and there will be no pre-allocation to any specific individuals or teams, nor will it be used for any financing. The team hopes to promote the emergence of more high-quality DeFi projects on the Wing project platform through WING, so that decentralized finance can benefit everyone.
What is the prospect of WING coin?
Wing DAO (token called WING) claims to be an "Ontology community DeFi project", but in fact, as a "project based on the Ontology blockchain", Wing has received strong support and promotion from the Ontology team. From pre-heating to white papers, to various detailed coin deposit tutorials, and even daily special reports on the official WeChat public account, this high-standard treatment makes Wing stand out in the Ontology blockchain ecosystem.
Although WING claims that there is no pre-mining without financing, and the chips are fairly obtained by those who deposit ONT, since most of the ONT is controlled by the team, most of the early mining of WING will actually be controlled by the team. This makes many people think that the team will profit by pulling the price, but investors need to be cautious about this expectation. Looking back at the history of ONT, ONT once caused heavy losses to investors by quickly pulling the price and cashing out in early 2018. Therefore, investors should be wary of similar risks when participating in WING coins.
Investor Tips
I hope that this article about WING coin can help investors understand WING coin more comprehensively and deeply. The coin market is unpredictable and investment is risky. It is recommended that investors be cautious when making investment decisions, fully understand market risks, do not invest blindly, and do not easily trust the judgment of others. It is best to make your own subjective judgment and evaluate the investment value of a certain coin.
Through more in-depth research and analysis, we hope to provide you with more valuable information to assist you in your investment decisions.
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