~4M WONE in https://t.co/KRT1UEPHS4 was distributed over the last 24h. Now we have >$10M burned. Another 4.5M WONE will be deposited shortly into the contract
~4M WONE in https://t.co/KRT1UEPHS4 was distributed over the last 24h. Now we have >$10M burned. Another 4.5M WONE will be deposited shortly into the contract
A more automated, market-driven on-chain orderbook system will be deployed in the coming months, so market participants can drive the rate based on their belief and valuation of the deppeged assets, and how they should correlate with ONE
This means the rate will be strongly correlated with ONE price - if the price is low, it will require a very low (unfavorable) exchange rate to realistically complete the $100M objective. On the other hand, the rate can quickly rise when ONE price recovers
In this round, WONE rate will follow the market rate more closely and regularly, using a semi-auto built-in price oracle. A separate dApp will also be launched soon, that allows asset owners (deppeged or otherwise) to list their assets at their desirable exchange price
In this round, WONE rate will follow the market rate more closely and regularly, using a semi-auto built-in price oracle. A separate dApp will also be launched soon, that allows asset owners (deppeged or otherwise) to list their assets at their desirable exchange price