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What is WagyuSwap (WAG) Token, App Exchange DEX, Stake on Velas Network?

What is WagyuSwap (WAG) Token, App Exchange DEX, Stake on Velas Network?
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WagyuSwap is an automated market maker (AMM) based decentralized exchange (DEX) built on Blockchain Candles. The WagyuSwap exchange offers low-cost token exchange with lightning-fast transaction confirmations. Additionally, users can provide the platform with liquidity and earn trading fees using the native WAG VEP-20 token. Additionally, liquidity providers earn LP tokens, which they can stake to earn additional WAG token rewards.

Sizzle pools offer attractive interest rates for staking WAG tokens. Users can choose between manual and automatic compounding pools to achieve flexible returns with minimal friction. Thanks to the integration of the Swapz stablecoin protocol, WagyuSwap exchange offers cross-chain token swaps with a simple and elegant user interface. Users can exchange tokens seamlessly between Ethereum, Binance Smart Chain (BSC), Blcockchian Candles.

What is WagyuSwap?

WagyuSwap is the first decentralized exchange (DEX) and automated market maker (AMM) built on the blockchain from Velas. The platform is non-custodial and fully decentralized and offers near-instant token exchange, liquidity mining, and yield farming opportunities. Additionally, users can put their digital assets to work and earn WAG token rewards by participating in WagyuSwap staking. Additionally, users can earn trading fees by providing liquidity to the platform.

WagyuSwap offers attractive interest rates on various crypto assets. The platform layout is similar to that of PancakeSwap. Users can easily navigate between token swaps, liquidity pools and farms. Additionally, the platform offers a lottery feature. New projects are added every week, providing new ways to earn interest on crypto assets.

Users can distribute the WAG token to earn interest or provide liquidity and pool liquidity (LP) tokens for higher returns. Furthermore, the more risk a user takes, the greater the annual percentage return (APY) they receive to offset some of the risks inherent in market fluctuations. Recent usage of the WagyuSwap exchange has averaged APYs of over 11.000%, but it should decrease over time. Additionally, several major exchanges are now listing the WAG token.

The Candles Blockchain

The Velas blockchain is an AI-powered blockchain network that hosts a number of decentralized applications (dApps). Additionally, Velas uses a new “artificial intelligent delegated proof of stake” (AIDPoS) consensus algorithm in conjunction with the native VLX token to secure the network. Furthermore, the Velas blockchain is a fork of the Solana blockchain codebase. However, Velas also has Ethereum Virtual Machine (EVM) functionality and support for the Solidity programming language. Some of the more notable projects to emerge from the Velas ecosystem include BitOrbit, VelasPad, Swapz and WagyuSwap.

Velas offers near-instant transaction completion and ultra-low fees. Additionally, the Velas development community can access the Velas Scholarship Program, which provides funding for emerging projects and initiatives. Additionally, Velas offers a flexible set of tools and services aimed at promoting the mass adoption of Web3 and blockchain technologies.

Candles uses artificial intelligence (AI) to automatically adjust protocol parameters to optimize platform security and user experience. Using the AIPDoS consensus mechanism, Velas aims to solve the “blockchain trilemma” of decentralization, scalability and security. Furthermore, the network has cross-chain functionality that makes it simple for blockchain developers to migrate decentralized applications (dApps) from Ethereum, TRON and Binance Smart Chain (BSC) and also supports multiple programming languages. In the future, we can expect additional integrations and cross-chain connectivity as the network continues to expand.

Swapz

Swapz is a cross-chain stablecoin protocol that facilitates instantaneous token exchange across all EVM-compatible blockchain networks. Instead of switching between multiple networks, Swapz provides decentralized token swaps between chains for a variety of price-linked assets.

The Swapz platform is easy to navigate and requires no sign-up, verification or KYC details. Additionally, users can enjoy multi-chain decentralized finance (DeFi) using a secure mobile app or web app. Furthermore, the Swapz protocol will support multiple blockchains. These will include Ethereum, Binance Smart Chain (BSC), Polygon (MATIC), Arbitrum , Cardano , Huobi Eco, Candles and more!

bluezilla

BlueZilla is a cryptographic incubator and venture capital firm. The company provides emerging projects with assistance during development, marketing, legal advice, etc. In addition, BlueZilla offers an Initial Offer DEX (IDO) cryptographic launch pad. WagyuSwap, VelasPad and Swapz were successfully hatched by BlueZilla. Additionally, each of these projects saw tremendous price movement after launch.

According to the BlueZilla website, the WAG token has increased 304x, while the VLXPAD token has gained 254x. In addition, BlueZilla offers world-class experience to guide new projects from launch to completion. In addition, the company provides advice on symbolic structures to ensure new projects raise the funds they need to grow sustainably.

WAG token

The WAG token is the WagyuSwap exchange native utility token. To interact with the platform, users must have multiple WAG tokens. The WAG token uses the Velas VEP-20 blockchain pattern. All trading fees are paid in WAG tokens.

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All returns from liquidity pools, stakes and agricultural production are paid using the WAG token. In addition, WagyuSwap operates a lottery where users can buy tickets using WAG tokens to have a chance to win more WAG tokens. At the time of this writing, WAG was trading around $1,35, with a market cap of $62,7 million, according to CoinGecko.

The WagyuSwap Exchange

WagyuSwap's Decentralized Exchange (DEX) uses an Automated Market Maker (AMM) model to facilitate super-fast token exchanges in the Velas blockchain. Non-custodial trading allows users to make token exchanges with multiple trading pairs at minimal costs. Furthermore, transaction fees on the WagyuSwap exchange are extremely low, especially compared to swaps on Ethereum.

WagyuSwap trading provides a simple and cost-effective interface for trading VEP-20 tokens using liquidity pools. For the WagyuSwap exchange to function, liquidity must be provided. This is because the AMM model uses algorithms and liquidity pools. AMMs do not have intermediaries and instead operate using smart contracts. Furthermore, market makers are replaced by oracles, and a mathematical formula dictates trading parameters and rules.

O Uniswap is widely considered a pioneering AMM. Several popular DEXs emerging across the industry are inspired by trading and use the same mathematical formula as “x * y = k”. In this formula, the “x” refers to the amount of a specific token in a pool. The “y” in this formula represents the other token in a trading pair, and the “k” refers to a fixed constant. As an alternative to centralized exchanges (CEXs), AMM-based DEXs have become a staple in decentralized finance (DeFi). In part, that's because users don't have to trust humans to act honestly. Instead, smart contracts “make” the market.

Liquidity Pools

A fee of 0,25% is charged for each trade on the WagyuSwap exchange. Of that total, 0,03% is sent to WagyuSwap's treasure and 0,05% goes to purchasing WAG tokens to burn. Liquidity providers receive 0,17% of this amount, which encourages the offer of liquidity to the platform.

In addition, liquidity providers receive LP tokens in proportion to their participation in a pool. For example, when depositing VLX and WAG tokens, liquidity providers receive VLX-WAG LP tokens that represent their participation in a pool. Users can then grow LP tokens to earn a yield. Plus, adding liquidity is simplified with just a few clicks. Furthermore, liquidity providers can withdraw funds at any time with minimal cost.

Agricultural production

To maximize earnings, liquidity providers (LPs) can lock their LP tokens into a smart contract to participate in crop cultivation. Locking LP tokens allows users to earn additional WAG token rewards. This additional incentive is intended to offset the risk of impermanent loss, which can result in diminishing returns for liquidity providers.

To use WagyuSwap farms, simply choose the farm you want to use. If you don't have the LP tokens needed for the chosen farm, WagyuSwap will prompt you to select “Get LP (token pair)”. This will open the “Add liquidity” menu. Redeeming rewards is just as simple. Just select “Scoop” and confirm the transaction in your encrypted wallet.

Sizzle Pools

They are the easiest way to earn passive income with DeFi on WagyuSwap platform. Just choose your pool, wager some WAG tokens and win more WAG! Sizzle Pools offer compounded returns for the WAG token wager. Additionally, users can choose between an automatic re-staking pool or a manual pool. Additionally, adding and removing funds from liquidity pools is extremely simple. In the future, we can look forward to the introduction of new Sizzle pools accommodating a wider range of assets.

What is the Price Forecast for the WagyuSwap (WAG) cryptocurrency?

The price of WagyuSwap is forecast to peak at $1.208 throughout 2022.
As early as 2023 according to our crypto price prediction index, in 2023 the price of WagyuSwap (WAG) could reach a maximum level of $2.324, with the average trading price of $1.728.

In 2025 according to our crypto price prediction index, WAG should cross an average price level of $2.82. The minimum expected price of WagyuSwap at the end of the current year should be $2.587. Additionally, WAG can reach a maximum price level of $2.855.

Where to buy the WAG token?

The WAG cryptocurrency can be traded on the following exchanges:

  • Gate.io
  • BKEX
  • PancakeSwap (V2)

Conclusion

WagyuSwap is the first decentralized swap (DEX) to be released on the Velas blockchain. In addition, the WagyuSwap exchange offers an attractive high-speed cross-chain trading experience, providing support for all EVM-compatible blockchain networks through the Swapz stablecoin protocol.

WagyuSwap DEX users benefit from ultra-low trading fees with near-instant transaction confirmations. In addition, users can enjoy a high percentage of annual yield (APY) through staking and yield cultivation. In the future, we can expect the introduction of WAG NFTs, a mobile app, forecast markets and other cool features.

More information about WAG

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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