WELL Pool will Open the Third Phase of Reward Voting

Dear Users,

The first phase of the WELL Pool, Axie Infinity (AXS), has successfully ended on 12 September 2021 at 10:00 UTC time and we will open the third phase of reward voting. The details are as follows:

1. The first phase of the WELL Pool, participating users deposited a total of 1,271,338.036 WELL, converted to approximately 635,121.3647 USDT at the average closing price, the event period of 14 days, the prize pool of approximately 5,000 USDT equivalent AXS token, so calculate the APR = 5,000 / 635,121.3647 / 14 * 365 * 100% = 20.52%.

2. The third phase of the WELL Pool voting projects are: FTM, ADA, GNO, TALK, GALA, DYDX, and we will select the tokens that will be prioritized into the WELL Pool reward pool from community voting results.

  • Voting Time: 13 September, 10:00 – 16 September, 10:00 UTC time
  • Voting Rules: Projects with more than 2,000 voters will be given priority to go live on WELL Pool with an initial pool of 10,000 USDT equivalent project tokens. After 2,000 voters, the prize pool will increase by 10,000 USDT for each additional 2,000 voters, up to a maximum of 100,000 USDT equivalent tokens.
  • Vote link: https://forms.gle/ex7CvRzPDcE4hTFM6

Voting Project Introduction

FantomFTM

Zone:DeFi

Community heat: 160,000

Fantom is a high-performance, scalable, and secure smart-contract platform.It is designed to overcome the limitations of previous generation blockchain platforms.Fantom is permissionless, decentralized, and open-source.

Lachesis, its revolutionary aBFT consensus mechanism, allows Fantom to be much faster and cheaper than older technologies, yet extremely secure.

Official website address: https://fantom.foundation/

Contract address:
0x4e15361fd6b4bb609fa63c81a2be19d873717870 (ERC20)
0xad29abb318791d579433d831ed122afeaf29dcfe (BEP20)

CardanoADA

Zone:Public Blockchain

Community heat: 950,000

Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.

Cardano restores trust to global systems – creating, through science, a more secure, transparent, and sustainable foundation for individuals to transact and exchange, systems to govern, and enterprises to grow.

ADA Is The Native Token Of Cardano. Any user, located anywhere in the world, can use ADA as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain.

Every ada holder also holds a stake in the Cardano network. ADA stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool’s likelihood of receiving rewards. In time, ADA will also be usable for a variety of applications and services on the Cardano platform.

Official website address: https://cardano.org/

Contract address: 0x3ee2200efb3400fabb9aacf31297cbdd1d435d47 (BEP20)

GnosisGNO

Zone:DeFi

Community heat: 90,000

Started in 2015, Gnosis is a decentralized prediction market built on the Ethereum protocol. Third-party developers will also be able to introduce their own services.

A prediction market utilizes user predictions to aggregate information about future events, Individuals will be able to create prediction markets for events, allowing users to buy shares of predicted events.

The platform employs a dual token structure: Gnosis (GNO) and OWL. GNO are ERC-20 tokens that the team sold during their ICO. OWL tokens are earned by staking GNO. The amount of OWL received is dependent on the length of the lock period as well as the total supply of OWL tokens in the market.

Official website address: https://gnosis.io/

Contract address: 0x6810e776880c02933d47db1b9fc05908e5386b96 (ERC20)

TalkenTALK

Zone:NFT

Community heat: 60,000

Talken is Korean first multi-chain decentralized NFT wallet with the largest community (4.5 million users). It is a seamlessly interoperable multi-chain NFT Suite, where K-pop stars, artists, and influencers can mint, auction, store, and trade NFTs.

Mission The mission of Talken is to build an all-in one NFT suite for users and creators that seamlessly interoperate Multi-Chain. One-stop venue for creating, collecting, storing, and trading unique Digital Collectibles from K-pop stars, celebrities, and artists based on decentralized governance​.

TALKEN NFT Suite is built for every individual part of the NFT& decentralization revolution, and get exposure to this innovative asset class.

Official website address: https://talken.io/

Contract address: 0xcaabcaa4ca42e1d86de1a201c818639def0ba7a7 (ERC20)

GalaGALA

Zone:NFT,Gaming

Community heat: 55,000

Gala Games aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games mission is to make “blockchain games you’ll actually want to play.” It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

Players can own non-fungible tokens (NFTs) and influence the governance of games within the Gala Games ecosystem. The Founder’s Nodes voting mechanism allows players to influence what games Gala should develop and what games should get funding. Besides buying NFTs for specific games, Gala Games also utilizes GALA – its own utility token.

Since launching in 2019, Gala Games has grown to 1.3 million monthly active users, and 26,000 NFTs have been sold, with the most expensive piece valued at $3 million.

Official website address: https://gala.games/

Contract address:
0x15D4c048F83bd7e37d49eA4C83a07267Ec4203dA (ERC20)
0x7ddee176f665cd201f93eede625770e2fd911990(BEP20)

dYdXDYDX

Zone:DeFi

Community heat: 30,000

DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol (“the protocol”). By enabling shared control of the protocol, DYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced Protocol.

DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users.

Staking pools are designed to promote liquidity and safety on the Protocol. Rewards programs for trading, liquidity providing, and past usage of dYdX will help drive growth and adoption of dYdX.

Official website address: https://dydx.community/

Contract address: 0x92d6c1e31e14520e676a687f0a93788b716beff5 (ERC20)

Risk Warning:

Cryptocurrency investment is innovative blockchain products, and subject to price fluctuation. Please judge your risk-taking ability rationally and make your investments with caution.

BitWell is not responsible for any direct, indirect or consequential losses as a result of the cryptocurrency trading and holding.

BitWell Team
2021/09/13



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