WePulseConnect (WPC) Whitepaper
Abstract
WePulseConnect (WPC) is a revolutionary Liquid Staking Derivative cryptocurrency built on the PulseChain network. It aims to provide a unique DeFi experience by offering token holders the opportunity to participate in yield farming, liquidity provision and new staking pools while supporting a sustainable ecosystem through continual token burning. This whitepaper outlines the key features, mechanisms, and benefits of WePulseConnect, including its tokenomics, acquisition process, and its role in the WePulse project.
Table of Contents
- Introduction
- Tokenomics
- 2.1 Total Supply
- 2.2 Token Utility
- 2.3 Burn Mechanism
- Acquisition Process
- 3.1 Purchasing WPC Tokens
- 3.2 Yield Farming
- Governance
- Ecosystem Sustainability
- 5.1 Reflection Rewards
- 5.2 Liquidity Provision
- Conclusion
1. Introduction
WePulseConnect (WPC) is a cryptocurrency developed on the PulseChain network, designed to enhance the WePulse ecosystem's sustainability. It serves as a Liquid Staking Token capturing yield farming revenue from the project treasury. WPC tokens are acquired through a unique process involving the WePulse token (WEPLS) and the PulseX DEX, contributing to the project's growth and stability.
2. Tokenomics
2.1 Total Supply
WePulseConnect has a fixed maximum total supply of 1 million tokens, ensuring scarcity and long-term value preservation.
2.2 Token Utility
WPC tokens serve multiple purposes within the WePulse ecosystem:
- Liquid Staking Token: WPC captures DeFi revenue through buyback and burn, increasing the trading ratio over time vs WEPLS.
- Yield Farming: WPC holders can stake their tokens to earn a share of the project's yield farming revenue.
- Liquidity Provision: WPC tokens can be used to provide liquidity on decentralized exchanges, earning fees and supporting the ecosystem.
- Governance: WPC holders may have governance rights, allowing them to participate in decision-making processes related to the WePulse ecosystem.
2.3 Burn Mechanism
To promote scarcity and maintain a deflationary nature, WePulseConnect implements a buyback and burn mechanism. A portion of the revenue generated from the DeFi yield farm is used to buy back WEPLS + WPC tokens from the market, which are then permanently burned, reducing the circulating supply of both.
3. Acquisition Process
3.1 Purchasing WPC Tokens
To acquire WPC tokens, users must follow these steps:
- Visit the PulseX DEX (Click Here)
- Input a buy order for WePulse tokens (WEPLS).
- "Add a send" to the WePulseConnect wallet address (0x07465f7a17AaFd010b91c883Ca40743ca7154EFA) by enabling Expert Mode under settings.
- In return, users will receive WPC tokens at the current market rate for WPC/WEPLS.
This process ensures a direct link between WePulse and WePulseConnect, enabling users to participate in the WPC ecosystem seamlessly. It is not recommended to buy WPC directly off the DEX as this will not be the best rate.
3.2 Yield Farming
WePulseConnect uses the most advanced DeFi yield farming strategies to increase our revenues and project funding. These funds are folded back into WePulse in the form of buyback and burns on both WEPLS and WPC tokens, contributing to the sustainability of the ecosystem. 10% of the yield is held to compound the growth of the treasury while the other 90% goes to buy WEPLS off the market. 80% of this WEPLS is used to purchase and burn WPC from PulseX V2 which increases the trading ratio over time.
WPC holders may have the opportunity to stake their tokens into the various WePulseConnect yield farming pools in the future. This allows them to earn an additional share of the revenue generated by the DeFi yield farm.
4. Governance
WePulseConnect may introduce governance features, enabling token holders to participate in decision-making processes. This democratic approach ensures that the community has a say in the evolution and direction of the WePulse ecosystem. This feature will be reserved for future expansions if needed.
5. Ecosystem Sustainability
5.1 Reflection Rewards
Unlike some tokens, WPC does not have a token tax, and therefore, it does not provide reflection rewards to holders. Instead, the sustainability of the ecosystem is maintained through the burn mechanism and yield farming.
5.2 Liquidity Provision
WPC token holders can contribute to the ecosystem's liquidity by providing tokens to decentralized exchanges. This not only increases the trading volume but also earns them fees and supports the project's growth.
6. Conclusion
WePulseConnect (WPC) is a pioneering cryptocurrency built on the PulseChain network, focused on sustainability, yield farming, and token burning. With a maximum supply of 1 million tokens and a unique acquisition process through the PulseX DEX, WPC offers users the opportunity to participate in a thriving ecosystem while contributing to its long-term stability and value. As the WePulse ecosystem evolves, WPC token holders will play an integral role in shaping its future.
For the latest updates and details, please refer to the official WePulseConnect community channels. Join us in our mission to revolutionize the DeFi space and create a sustainable crypto ecosystem on PulseChain.
Telegram: https://t.me/wepulsechat
Twitter: https://twitter.com/wepulseofficial
~
Frequently Asked Questions (FAQ)
Q: What is the main purpose of WePulseConnect (WPC)?
A: To provide a Liquid Staking Derivative of WePulse (WEPLS) which captures yield farm revenues while driving more demand in our ecosystem.
Q: What is the total supply?
A: One million WePulseConnect in total will ever exist. They are burnable so the supply can only go down over time.
Q: How do you buy/sell WePulseConnect?
A: Use the instructions provided in this whitepaper above. The WPC/WEPLS pair is on PulseX V2.
Q: What shoould I do with my current WEPLS or WEPLSX tokens?
A: Only new purchases of WEPLS tokens can be converted directly for WePulseConnect (WPC) by using the method above to get the best market rate. Of course any DeFi asset can be trade for any other as well using traditional swaps.
Q: How long will it take to get my WPC tokens once WEPLS has been sent?
A: Transactions are currently being processed manually so it can vary. Typically within minutes to hours at the most. It is best to only acquire WPC while the project developer is online and able to process everything.
Q: What about reflection taxes?
A: Since WPC token does not have a tax there is no reflection rewards. This is also a benefit for people who want to move tokens to cold storage, multisignature wallets or different addresses like with staking for example.
Q: Is it better to hold WePulse or WePulseConnect?
A: It depends on your personal strategy but each offers unique benefits and rewards. WEPLS has reflection rewards whereas WPC does not, but WPC token appreciates in ratio against WEPLS over time.
Q: How does WPC directly benefit WEPLS?
A: Every single dollar that enters into WPC token must first go through WEPLS not once but twice, driving more volumes, burning and reflection rewards to liquid holders of WEPLS. Then every dollar earned from the yield farming revenue also flows through our WEPLS token pools twice yet again before landing into the V2 liquidity pools. Users selling WPC must exit through WEPLS pools as well further driving incentives.
Q: Can you stake WPC token?
A: Staking contracts have not yet been created but have been considered for future project expansions of token utility.
Posted using IceBreak
Congratulations @wepix! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 900 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts: