Taking Crypto Back To The Roots... It's Time To Get Wise
Greetings! I am exceptionally pleased to give the community my insight on a solution to the issues going on not only in the world of crypto but the world as well. I am not the only one I am sure that has fell victim to scams, pump and dumps, rug pulls, centralized platforms using decentralized technology to fuel greed, ponzi schemes that rely on new funds coming in to cover older investor returns, and abandonment leaving the people holding the bag. Let alone the Banks that rob and take full advantage of the possession of the people's holdings.
I feel crypto has lost it's way somewhere from it's true purpose with bitcoin in the beginning. It started with an email of a whitepaper, to a computer science forum and guidance from who at the time was an anonymous man known as Satoshi Nakamoto, helping the world come together and connect, and if you set up your own equipment to follow the protocol, you were rewarded with Bitcoin. No CEO, or ownership or a central authority, just the people connected forming a decentralized network "The People's Network". This in itself creates security and a process known as mining, and verifying transactions across a network of computers allowing people to have a store of value and a public ledger that eliminates a need for a third party or intermediary. Many people coming into the space know of bitcoin by it's value appreciating, and has attracted them to invest and hold on to it to capture gains. Unfortunately this is what majority of people see in it as the only use case, to just monitor the price going up and down. There's a lot more to crypto and now there is a currency with the same principles but more use cases the people can adapt to...
Introducing The Wise Token which was created by The Wise Foundation, a non-profit organization founded by Peter Girr & team, which was designed to actually be "money" in a fair and very well thought out way.
Similar to a bond or a Certificate of Deposit you agree to leave your funds in a savings account for a specific duration of time earning you interest at the end of that period. The bank earns far more interest "during" that time then the provider of the funds entirely, but it is time for that to change, since that can be done now with your funds in 100% of your possession and control with daily obtainable earnings.
The team that developed the code, have also made the smart contract burn the admin keys so that no one can ever change the code not even them once deployed making it ownerless and immutable.
Wise is built on the Ethereum Blockchain which makes the code 100% Open Source and 100% Decentralized for anyone to read and see, and has been audited by CoinFabrik passing with flying colors. There is also a bounty of 100 ETH to anyone that can find any critical errors in said code on GitHub. Most scams do come from the ability to just simply copy paste the code and create a duplicate project and maliciously run off with funds collected in ICO's or presales however what is there to gain in a project that is not for profit?
Wise also requires you to have a Metamask wallet or the Chrome Extension where you have full control of your funds at all time and Wise interacts within this wallet to where there are no middlemen involved and you have peace of mind. It is highly recommended you have your 12 word key in safe keeping since this is the only way your values may be compromised. Take this seriously.
You will need to aquire Ethereum which may be challenging for some but a few ways would be to purchase Bitcoin with Cash App or CoinBase and using your bank card or bank account buying it directly or exchanging bitcoin for ETH on their platform. Coinbase however may delay things, so an exchange like Binance may be a better option, or even a friend you trust to swap out with you. To partake in the Wise 50 day auction that started 11/11/2020 and ends 12/30/2020 you will need a minimum of 0.05 to participate in this new style of a presale. Afterwards you will be able to purchase any amount you like on the decentralized exchange known as Uniswap Of course getting in early will give you a far better advantage over the masses that will flock in after the presale.
Uniswap is perfect to use with Wise being that it is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. 90 - 99% from the presale will be locked liquidity on Uniswap and ownerless since the admin keys will be burned upon completion on December 30th 2020. There is no order book or any centralized party required to make trades. Uniswap allows users to trade without intermediaries, or government regulation making it a perfect place to build Wise on.
Uniswap is open-source software. You can check it out yourself on the Uniswap GitHub.
This component of the WISE project trustlessly generates the main liquidity pool for WISE using the Uniswap protocol. WISE tokens are minted to investors who make reservations with ETH, and the ETH is paired with more WISE and sent to Uniswap. This ownerless liquidity pool backs the value of all WISE tokens, and allows anyone to buy or sell large amounts of WISE at their leisure.
So How does Wise work?
So as described above, and after you have your ETH loaded into your Metamask wallet you will want to reserve your share of Wise. Use this link to get 10% more on your reservation. There are strategies you can use to get the most Wise as you can during these days, with the earlier days most likely distributing more Wise due to less people being aware of the presale during this time, and the snowball effect most likely to occur winding down to the last days with more people reserving resulting in less per user. Each day 5 million or so will be distributed proportionately as to avoid whales having advantages over the little guy making the distribution of the currency fair.
After the last day, you will then have the option to stake your wise (recommended) to begin earning interest on your staked wise daily if you so choose. The longer you stake your wise the more interest you will receive. You may stake it for as little as 1 day and as long as 42 years. Ending your stake early will result in a penalty, so it is advised not to end your stake early, or to ladder stake spreading your stakes out over different time periods.
At the end of your stake you can collect all your interest, have your shares minted to Wise and sell if you choose to also receive your ROI on the appreciation of the coin value if applicable.
Is Wise Secure?
The WISE system is an immutable written-in-stone contract built on the ETH blockchain. It’s a passive tool that users may choose to interact with by paying miners a few cents in gas to perform certain actions. This means that users are always in complete control, because their WISE never leaves their private wallet until sold. No one is dependent on WISE devs for technical support either. Anyone may create a front-end interface or use Etherscan to interact with the contract.
The unique concept of using the funds gathered during launch to provide a market for the new token is amazing, but how does one trust the project to be honest? Once the WISE contract is uploaded to the network, nothing can change after the fact. (This is also why WISE is audited for bugs and loopholes by the best of the best). The gathered ETH/WISE liquidity from launch will be sent to the DEX no matter what, and the liquidity tokens received from uniswap are immediately sent to a burn address. All of these actions are predetermined by the written code of the WISE smart contract, so investors can rest easy, knowing they are investing trustlessly, without ever giving up control
Will there be any marketing or rewards for referrals?
It's very simple: you will receive 10% commissions paid to you according to the total amount of money you refer to the WISE contract using your link (EX refer 100 ETH and get 10 ETH worth paid to you). This is for serious referrers only, so there is a 50 ETH minimum combined referrals in order to qualify. don't have the clout? Refer at least 1 ETH total and you will receive a friends and family bonus of 0.05 ETH.
Why should people use your link? Anyone using a referral link to invest in WISE gets an extra 10% bonus in ETH, and 10% extra shares when staking
WISE's 4% annual inflation is divided such that 3% is rewarded to stakers and 1% is for referrers. If you qualified as a CM (Critical Mass) referrer during launch (50 ETH referred)** then you will be competing for that 1% interest (seems small but it's actually a LOT of WISE).
Every time a user stakes WISE while using your referral link they will generate CM shares for you. The more CM shares you have compared to other referrers, the bigger piece of that 1% you get. CM shares are created when a stake is created and disappear when a stake ends just like regular shares. Unlike scraping interest on regular stakes, a referrer may scrape CM interest earned at any time without affecting the number of CM shares he/she has.
How Are We Doing Now?
I will update this article giving you the up to date progress of Reservations over the 50 day period. At the time of this writing we are currently on day 6, and from the looks of it it seems the amount of ETH reserved for Wise is increasing rapidly as the days move forward. If you are reading this now, now would be a good time to reserve your Wise!
We are right at 11 Million USD worth of Ethereum on Day 12! Pretty Awesome!
I hope this helps you with understanding and if you would like to join our telegram community feel free to engage and ask all the questions you may have, or you may get in touch with me directly on Facebook or What's App!
Happy Staking!
