After Four Years in Crypto, I Finally Found It

The Wise Token is fair, well-designed, and sets a new altcoin standard.

It’s astounding how a typical altcoin project will keep, on average, 60% of the minted tokens for the team. How is that fair? During these past four years, I have seen these same pump-and-dump projects come and go?—?hundreds of them. I felt the only safe investments were Bitcoin and Ethereum.

…But then I found the Wise Token.

Fair Beginnings

Wise started with a 50-day auction presale where anyone could deposit Ether to reserve Wise tokens every day. Each day 5,000,000 Wise Tokens were distributed proportionally to Ether deposits, apart from a few “chance” days where the total amount was determined by a randomized oracle. This fair-launch presale made it difficult for whales to grab large amounts of Wise Token. The larger point here is that the Wise development team and its founder were left with no tokens for themselves and bought Wise Tokens the same way we did. Finally.

Besides the Fair Launch, What Makes Wise a New Standard for Altcoins?

Three things.

1. Economics

Wise is the first asset-backed cryptocurrency.

Instead of using gold, like the U.S. dollar once was, the Wise Token is backed by Ether. This is the first application of a digital asset backing another asset that I have seen. Fortunately, they could not have picked a stronger digital asset than Ether.

Unlike stable coins and wrapped Ether and Bitcoin, Wise Token is not pegged 1–1 to its corresponding digital asset. Being “backed-by-Ether” apparently means that Wise Token can fluctuate in price independent of the price of Ether–but Wise’s liquidity pool remains valued in and by Ether. So, as the price of Ether goes up or down, so goes the value of the Wise Token liquidity (and so, the Wise Token price). It is like holding both assets in one place. Pretty neat.

2. Decentralization

Wise is also one of the only cryptocurrencies (next to Bitcoin) to be completely ownerless?—?100% Decentralized. The decision to burn the admin keys for this project emphasizes the team’s dedication to creating an equitable asset class. The Wise team has no control over the supply of the Wise Token pool, something not many altcoin projects can claim. Perhaps this is why it has gained so much popularity in such a short timeframe.

From my perspective, Wise ethically represents why I am interested in Cryptocurrency. No middlemen, no banks… Pure Decentralization.

Proof of ownerless liquidity:

https://twitter.com/wise_token/status/1345929196736942080?s=20

3. Initiative to Educate

From the beginning, The Wise Foundation has been about education. Three times a week their founder, Peter, goes live on YouTube to answer questions and provide updates.

The Wise team has stated that the point of building a fully decentralized cryptocurrency ecosystem, where the team takes no profits, is to provide new cryptocurrency users with a safe place to learn the ropes. Many DeFi altcoins can rug pull or simply go to zero…not a great introduction to cryptocurrency. The security of knowing your money is safe and can’t go to zero is exactly what makes Wise so appealing to new users.

The team has also pledged to produce large quantities of educational crypto-content for the new users coming into the space.

Two Amazing Bonuses of Wise

Liquidity and Price Floor

Wise has a ton of liquidity–over $200 million. What this means is that users with millions to invest can, and it will barely move the price. Now, some may see that as a bad thing; but, if you think of wise as the long-term growth project it was meant to be, this makes sense. With this much liquidity, even if EVERY user sold, there would still be ~20,000 Ether in the contract to pay out interest to stakers. The lowest price Wise can reach is $0.07.

What is the Purpose of Wise?

Staking and Earning Interest… and lots of it.

Wise has a simple staking ecosystem where users can monetize time in exchange for price stability. Essentially, the longer you stake the more you are rewarded. Staking has a lot of small intricacies to learn about, like penalties for ending your contract early and scraping interest over time. All that needs to be known from a high-level examination is that Wise staking interest returns roughly 8–12% APY… and that’s without considering price increases of Ether or Wise. Not too shabby, considering ETH 2.0 staking returns nearly that same APY but is far too technical for most crypto users, and is two-plus years away

.

TL;DR?—?Seven Wise Token Highlights:

1) Minted ZERO team tokens

2) Backed by Ethereum

3) Created by the Wise Foundation nonprofit, whose mission is to educate new crypto users

4) Burnt Uniswap LP tokens (or admin keys), making it 100% Decentralized

5) Has over $200 million in liquidity (Top 5 Uniswap pair)

6) Has two price floors, one variable floor, and one unbreakable floor

7) Staking interest yields 8–12% returns annually

Conclusion

Wise?—?after four long and fruitless years?—?has impressed me. Thoroughly.

In this Wild West of finance, it is a blessing to be able to go to sleep at night confident that my money will still be there in the morning. I would recommend Wise to any new crypto users who want a fair, safe, and exciting place to start their cryptocurrency journeys.

Wise Foundation website: https://wisetoken.net

Use my referral link for a 10% extra share reward when staking here

Contact me for further questions on telegram here

I am also available on Twitter for you here

Yours truly,

WiseFish CM | Wise Telegram Support Team

For technical support around everything regarding WISE please join

Wise Discord group Here .…..or .….Wise Telegram group here

For more on how Wise has evolved, see the founder’s post on Uptrend