Circulating Supply: 1993M
Burned Supply: 213M
Max Supply: Uncapped (like most DEXes)
Price: 0.045$
Let's deep dive into it 👀
/2
Let's look at the chart before we go deep into it:
Launch price: 0.001$
Peak: 0.38$
Current price 0.045$
Insane no-stop run from launch to peak, lot of people FOMOed in and that caused the dump when investors started to take profit.
Currently we are in a range .025$-0.06$
/3
Intro
The project was launched on 27th April in the already established Wault ecosystem (all in one DeFi Platform).
Bonus: the team has always been concerned about security and they have several security audits.
/4
The pace at which the team is delivering is insane for a 40 days old project.
-WPools: like PancakeSwap's Syrup pool, stake WEX earn partners' tokens
-Moon Fuel Program : to attract new listings
-Partnership with Alpaca: for leveraged farming
-Going Crosschain on Polygon
/5
Some useful links where u can check all of these above:
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First of all i'd like to show you the swap fee differences, because that's what's driving the trading volume (combined with liquidity of course).
/7
If you had to choose between WaultSwap and PancakeSwap to buy 1 BTC what would you choose?
/8
Mmmhh.. ok cool but is this still a good buy?
Let's check this metrics comparison with other DEXes (this one is not up to date but you get the point):
/9
Is the TVL going to go up? i think so. check this out: (maybe not up to date but you get the point)
/10
Considering how CLEARLY UNDERVALUED this is, would you also like 159% APR staking (0.43% daily)? Ok, you can get that too.
Pro Tip: in WPools you can stake for over 200% APR
You have time to lock your Waultx or WEX until 11th June in order to partecipate in the new Polygon WEX token.
WEX locked for 30 days in order to get the airdrop: more than 40% of supply (currently around 40M$ of WEX)
/12
Emissions and burns:
To bring in the TVL, the team went for a high inflation (reward) strategy, like any other successful DEX did.
Daily emission: around 40M WEX
Daily burn: variable but around 2-3-4M WEX
2 weeks ago emission reduction started, 2.5% less every week.
/13
I'm probably missing something, I wanted to make an in depth analysis but i don't want to make it too long.
Just check the announcement channel and you will see how quick and explosive the growth is.
Link: t.me/waultfinancean…
/14
Recent price action highlights:
The night Polygon was announced, price went from 0.04$ to 0.06$. Elon tweeted some BS about Bitcoin. market dropped and WEX dropped right back to 0.04$ the day after (personally I averaged down big time at 0.04$)
/15
Conclusion:
Considering:
-DeFi is still in its early stage
-how undervalued WEX is compared to other DEXes
-huge APR on staking
-pace of team's delivery
At this price you are buying something extremely undervalued at pre-news price and getting the Wexpoly airdrop aswell
/15
Not Financial Advise:
You better start getting into this before we break 0.06$.
Start DCAing would be the safe move, apeing in would be the best move. LOL.
But honestly, here you are buying in accumulation phase of a highly undervalued project and you have x10 to ATH.
/16
Target Price:
No target price, buy, stake, hodl, when you are on the moon you can sell.
Jokes a part, I think it's too early to talk about targets.
All i know is that this gem is been around for a month and it's extremely undervalued and it is scaring the big DEXes around.
Everybody was looking at this pattern.
Whales know that really well and they use it against you.
What happens when we lose a support? Downtrend right? LOL
Take a seat, I'll tell you the story of the Whale and the Rekt
/2
Whales are using TA against you, they know you will short/close positions under support, they will actually make sure we lose that support (look at the 5 min candle when we lost support, volume of that candle specifically, u think that's an organic move? no, whale dumping).
/3
This is the candle that i'm talking about, this is the event that will trigger fear, this is how whales make sure to generate liquidity for their entries.