Tokens tied to centralized trading platforms and decentralized exchanges are often a safe long-term investment. WagyuSwap’s WAG is no different in this regard, as the first significant price spike is only a glimpse of what is yet to come. The recent 86x value increase is a prelude to what the future has in store, as the project is only just getting started.
WagyuSwap Momentum Intensifies
Everyone who managed to invest in the WAG presale will be relatively happy with the initial market developments. It is promising to see a new token spike in value almost immediately, as that is usually a sign of what will happen in the future. The WagyuSwap project launched less than a week ago and already noted a substantial price increase in that period. Not entirely surprising to those who know what the team is building and where this project will head next.
With WAG priced at just $0.01, the initial token sale was conducted across the two biggest launchpads in the blockchain world. Users could acquire WAG from BSCPad and ETHPad after the WagyuSwap team made the sensible decision to cater to multiple ecosystems right away. As a result, the dual-platform IDO sold out very quickly, primarily due to the technology powering this ecosystem and the possibilities it unlocks.
That first price surge has a good reason, as this is not a pump-and-dump currency by any means. As the first decentralized exchange to be built on the Velas blockchain – a forked version of Solana with full EVM compatibility – the project can provide an exceptional DeFi user experience. The Velas Network offered its largest grant to date to WagyuSwap’s team to begin building the first decentralized exchange on this blockchain.
The growing success of decentralized finance is tangible, even though the industry fails to achieve mainstream adoption. However, with solutions like WagyuSwap, that level of adoption comes within reach, as it simplifies the concept of cryptocurrency in many ways.
A Powerful Technology Stack And Bright Future
There is a lot more to WagyuSwap than being just another decentralized trading platform, as the team also provides a platform for future Velas-based projects to add liquidity and begin trading. More importantly, WagyuSwap’s technology lets users bridge tokens across multiple blockchains at incredible speed and fees very close to zero. Furthermore, that cross-chain compatibility will extend to all blockchains with Ethereum Virtual Machine compatibility, creating an unparalleled inter-connected trading experience.
To entice users to give WagyuSwap a try, the team has been able to offer mouth-watering staking APYs and yield farming rates that make other solutions look like chump change. The cross-chain nature of this platform will play a crucial role in these proceedings, as the goal is to remain incredibly competitive across all rewards and unlock more profit potential on behalf of the users.
As WAG is now listed on both PancakeSwap and Uniswap, everyone has the opportunity to invest in the next major decentralized exchange at an early stage. Those who missed out on investing in Uniswap or PancakeSwap in the early days now have a new opportunity to become part of WagyuSwap and the new opportunities it can provide to all investors. As DEXes continue to take away trading market share from centralized platforms, opportunities to invest in powerful platforms early will not come around too often.
The forward-thinking WagyuSwap team is building a sustainable future for cryptocurrencies. Through a recent partnership with Brokoli, all DEX users can help offset carbon emissions generated by decentralized finance activities. Users can experiment with real-time climate options through the WagyuSwap dashboard, adding another layer of DeFi innovation to this powerful project.