Why DEFI and not additional feature to WOWswap?
A couple of months ago we started to think about “the next killing feature” for WOWswap.io and came up with an innovative idea of DEX aggregation and arbitrage built into the protocol.
However, halfway into the development we realized that since “DEX Aggregation and Arbitrage” is way more than “Leveraged Trading” protocol, the potential impact and adoption of this feature will go beyond WOWswap, and “a feature” should become a separate project, and WOWswap would benefit from being the first DAPP to integrate with that project.
So we have created WOWMAX.exchange protocol for DEX aggregation, and built-in arbitrage, and its governance, and utility token - Decentralized Finance Token (DEFI).
WOWMAX.exchange will be the fist DAPP to use WOWMAX protocol, bringing more benefits to WOWswap’s users and stakeholders.
WOWswap’s DAO members, get ready for the $$$DEFI airdrop! The snapshot of xWOW holders will be taken soon.
Call option to WOW token holders
If $DEFI market price stays 3 days above $10 (fully diluted marketcap exceeds $1B), $WOW token holders will get the right to buy $DEFI for $1 directly from the Treasury (1 right per 1 WOW token). If realized, this option will add at least $9 to the value of $WOW.