Wing is building a credit-based decentralized finance (DeFi) platform dedicated to the digital asset lending market to support cross-chain asset and protocol interaction. In addition to the over-mortgage services often provided by DeFi projects today, Wing also plans to use Distributed Identity (DID) to introduce a credit-based loan mechanism. Users with OScore can make loans by collateralizing assets whose value exceeds 80% of the loaned assets. Wing also plans to introduce new types of collateral and proceed in two stages: the first stage is to implement cross-chain asset collateral, and the second stage is to explore the possibility of collateralizing NFT and off-chain assets. The project launched Wing DAO, a management platform autonomous organization (DAO).
WING token holders can vote for new product development, platform parameter changes, community fund distribution, etc. In addition to voting, the WING token plan is used to enjoy discounts when paying interest to the platform and to purchase insurance contracts for mortgage assets.
Full name: WING
Abbreviated full name: WING
Total amount: 10,000,000
Circulation: 825,954.743 WING
WING/USDT transaction: https://www.gx.com/trade/WING USDT
Official website: https://wing.finance/
White paper: https://wing.finance/Wing_whitepaper.pdf