DUBAI, United Arab Emirates:The ILCOIN Blockchain project has released a new instrument designed to provide users with passive income generation options on the growing DeFi market.
The Wrapped ILCOIN, or WILC provides interoperability between the ILCOIN and Ethereum networks and relies on crosschain solutions to ensure liquidity availability and the development of DeFi applications. WILC tokens can be exchanged at a 1 to 1 ration with ILCOIN digital assets, allowing holders to seamlessly connect to the Ethereum network and conduct transactions on it.
"DeFi is a possibility for the crypto world. We have been voicing for years that decentralization is not only about whether a code is accessible for anyone. Free access is useless if trading works centrally. It is necessary to have Decentralized Exchanges in order for decentralization to become reality. I hope that thanks to DeFi projects, more DEXs will appear on the market, and third-party abuse will be effectively eliminated," Norbert Goffa, Executive Manager at ILCOIN Blockchain Project.
WILC is an instrument developed as a liquidity provision mechanism carrier that will allow its holders to contribute their WILC assets in 50/50 pairs with such popular coins as ETH, DAI or USDT to a variety of liquidity pools. The contribution will allow stake providers to receive rewards from network transactions at 0.3% of the total amount of liquidity they are providing. The rewards will be automatically accrued to the holder's personal wallets for immediate disposal.
The WILC token is currently available on the UniSwap decentralized exchange and the ILCOIN development team is planning to expand the reach of availability of WILC to more decentralized exchanges in the near future.
"The objective of ILCOIN Development Team in the long run is to create a unique on-chain data storage platform. As an innovative project, we always pursued to create value for our users. 2021 begins promising since after the Age of ILCOIN Retribution we were able to enter the market with WILC in a relatively short time," as Ramiro Faro Vélez, CEO at SYDYG, stated.
The development team of the ILCOIN Blockchain project has stated that WILC is a vehicle for future technical solutions, and has been made available on several applications, which can be downloaded from https://wilc.finance.
The content provided herein is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice.
-Ends-
SOURCE ILCOIN
CONTACT: Alona Karpinska, a.sergeeva0003@gmail.com , +38 093 764 63 33
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
