Migration to JustMoney: Important announcement for our investors
To all our investors we want to give you some news that we consider important, and we have made some quick changes with the intention of looking for better options and more security for our all. For all those who are betting on the progress of this project.
Recently we have made the migration of the liquidity fund to JUSTMONEY, it has been with haste, we know, but as we have said from the beginning of this post, the idea is to provide more security and lower expenses to our investors.
We want to tell you a little about JUSTMONEY and the benefits that it offers us to continue advancing in our project.
To begin with, we must say that it is a multi-chain SWAP, that is, it can interact with several BLOCKCHAIN such as TRON, Poligon, Binance Smart Chain, Bittorrent, Ethereum and Zenith, being the first one, TRON, the one that in this case concerns us.
Let's talk about security, in the case of JUSTMONEY, in order to list a project on this platform, certain requirements must be met, and if not, they simply do not allow the project to be carried out, which allows for greater confidence in the project, because it goes through certain filters before being approved. Therefore, considering security as a fundamental point in any project where money is involved, there is no doubt that this is a good step.
On the other hand, commission costs are drastically reduced, which is undoubtedly another plus point. Adding or removing liquidity through SUNSWAP can cost up to 70 TRX in fees, plus energy and bandwidth consumption, but in the case of JUSTMONEY Adding and removing liquidity is tax-free.
We know that the APY offered is not what can be seen in the image, but since the liquidity migration has just taken place, we must give exactly 14 days for the actual APY to be reflected in the chart.
We know that you might be a little confused with the fact that it is now a new process, but it is actually very similar to adding liquidity through SUNSWAP, but with the new condition that the fee payment is much lower, and even in some cases non-existent, and that it is more secure.
In addition, we will soon be publishing the step-by-step process of how to add liquidity in this new platform. We would like to point out that additionally, you can continue to do it also in SUNSWAP, that is, you now have two platforms in which you can do it.
As always, if you have any questions, please feel free to contact us. We invite you to join our discord channel:
Official WOX FI discord channel
Thanks for the update.
What is the APY in the new platform?
based on my knowledge, APY did not change @nomad-magus
hello @wox-exchange, I'm glad to hear good news from you regarding the addition of the JUSTMONEY exchange within WOXFI which greatly reduced our fees on swaps and added liquidity to $WOX tokens.
I have been waiting for this since the wox token was first issued, I really understand your efforts to develop the wox token to be better and friendly for us small investors, hopefully in the future WOXFI will continue to grow.
Greetings from me for your hard work @wox-exchange @the100 @xpilar @sultan-aceh
Hallo @wox-exchange
Glad to read this update, and the hard work and effort you put in with the team there,
Yes..I know, Team has migrated liquidity funds to JUSTMONEY, although many people think it's in a hurry, but this of course, you will all provide more security and lower costs to investors, who want to invest in WoxToken. order to get the benefits offered, order our project.
very happy and sounds great to hear, that this is a multi-chain SWAP, which can interact with multiple BLOCKCHAIN like TRON, Polygon, Binance Smart Chain, Bittorrent, Ethereum and Zenith, etc.
Moreover, all of you involved in the implementation of this project, considering security as a fundamental point in any project involving money, this is certainly a good step. what investors should know
like you said here.
I've done it, it can cost a lot of money, if someone new, wants to invest their money here.
I and maybe others as well as my friends in aceh, are very happy, if JUSTMONEY facilitates, when adding and removing tax-free liquidity.
that's all I can say, hopefully useful.
@sultan-aceh
Nice decision in every aspect, fees on sunswap is ridiculous, would easily put off any new investor and even existing one.
Justmoney has a nice looking interface, something to delight the users. And to add to these, there's more protection for investors.
Welcomed development! LFG!!
I'll say a massive kudos to the WOX team for the tireless efforts they are putting into this project.
Thanks for the update buddy
I have some questions...
So now we have 2 platforms, SunSwap and JustMoney for Buy/Sell/Liquidity. Are you going to keep both of them? Or migrate to JustMoney eventually and we should stop using SunSwap in the future?
What if someone has added liquidity in both platforms, Liquidity Mining will work for both liquidity?
Having two platforms will affect the token price?
I just thought to ask.
Thank you for the update!
Good questions @tomoyan, I would prefer to have both even when Sunswap is expensive in some changes, its still the better option when swaping back to USDT from TRX sure you must adjust the portions you swap but you got a button fot that, and then there is a difference up to 7% for the swap and thus should be a reason for us to hold on with both of them exchanges !
Good questions.
Seeing that the team in charge of this project is putting great effort seeing this project hit apex height gladden my heart. Anything for the benefit of this project gladdens my heart.
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