Wootrade to Build a Long-term Community Using WOO Vesting Voucher
Wootrade, a solution that provides liquidity and faster trading speeds for cryptocurrency exchange platforms, is going to issue WOO Vesting Voucher through the Binance NFT marketplace in an effort to build a long-term community.
Check out this tutorial to learn how to withdraw your WOO Vesting Vouchers from Binance NFT!
The Vesting Voucher is an NFT powered by Solv Protocol that allows native tokens to be locked within it and vested over time. It utilizes a standardized contract template that allows projects to mint the Voucher by customizing the number of tokens and vesting schedule among other key parameters, in the template. Vouchers are powered by Solv’s ERC-3525 token standard, which means it is a fully fractionalizable NFT asset that could be used by projects to flexibly manage allocations and build long-term communities. So far, the Vesting Voucher has helped 38 projects achieve these goals.
Why the Vesting Voucher?
For the project
- Low cost
The Vesting Voucher significantly saves app development and auditing costs surrounding allocation management. To achieve this, Solv provides a secure, audited infrastructure through which projects can freely customize sale parameters in a ready-to-use template without absorbing the exorbitant cost of developing the product.
- Build a long-term community
Native tokens are a crucial medium through which a crypto project can connect with the users in any real way. Adopting Vesting Vouchers means “locking in” shared incentives with the community through locked tokens.
For the community
- Invest in early allocations
The Vesting Voucher is an easy and affordable way to purchase early allocations because it provides a level playing field for all investors–retail or institutional–to invest in early-stage projects in the primary market.
- On-chain OTC
The community can leverage Solv Marketplace, an on-chain and permissionless OTC market for allocations when they want to buy or sell owned allocations.
- Solv smart contract has passed the audit by Certik and SlowMist.
- Solv is insured for $8,000,000 to provide security for users’ assets within the platform.
- Solv has launched a $50,000 bug bounty to increase the overall security of its smart contract.
Wootrade disrupts the liquidity monopoly by democratizing access to deep liquidity. Exchanges can access WOO Network via API integration and immediately upgrade their order book depth and tighten their bid/ask spread, which allows for more direct competition with top exchanges. Wootrade enables partner exchanges to hedge on WOO X, without having to hedge on other exchanges with high commissions and slippage.
Solv Protocol is a decentralized marketplace for minting, trading, and managing NFTs that represent financial rights. Solv has offered Vesting Voucher, an allocation management fundraising tool, Convertible Voucher, a structured product allowing DAOs to leverage native tokens, and Bond Voucher, the first market-tested debt instrument in DeFi that helps DAOs tap into the debt capital markets.