What is Wealth Locks (WLT) | What is Wealth Locks token | What is WLT token
About Wealthlocks
The first lockup project on BSC
Wealth locks allows Projects built on Binance Smart Chain to lock their team and liquidity tokens in an audited, time-released Smart Contract. It is the need of the hour to protect investors.
When a BEP-20 token or LP token is locked on the Wealth Platform, it’s locking mechanism will be governed by our smart contract. The unlock date and other locking specifications pertaining to that token will be in-built in our smart contract. It will be accessible by all to view and will mark as a trust in projects investors and holders.
Features of the Wealth locks Platform 1. Tokens and liquidity lock- Locking tools make it fast, safe and assured to lock any BEP-20 based coin. Further locking projects token gives the investors faith that founders will not dump the project’s token which will create a loss for the investors. Wealth locks help you lock your tokens with minimal fees of .5%. 2. Lockup Dashboard- The moment you lock liquidity tokens with Wealth locks, it will show your lockup and project details in a very simple manner which makes it easier to gather information about the project which gives confidence to the investors and also ensures assurance. 3. Secured and audited Smart Contracts- Wealth locks respects security and decentralisation so we never have custody of users locked coins and do not have any access to them. The locking contract is well tested and audited for any security vulnerabilities. The locked tokens can only be withdrawn by the locking address after the completion of the lockup period.
THERE ARE 3 MAIN FUNCTIONS
- Transfer Fee: There will be a 1% transaction fee for every transaction on $WLT which gets proportionally distributed among holders automatically (Similar to $RFI)
- Seller Fee: There will be extra added fee of 1% for sells on PancakeSwap. This added Fee increases by 1% with each sell and goes upto maximum of 5%. After Maximum, it again resets to 1%. This Fee amount gets collected in NextVault until transferred to new upcoming buyer. This transfer of seller fees to buyer is called Wealth Transfer.
- Bonus Event: At regular intervals a bonus event will be initiated by the team. During bonus event, if you buy more than 500 $WLT tokens, you automatically become eligible for claiming extra 100 tokens from BonusVault. Each bonus event will have maximum entrants limit of 5 which is on first buy first serve basis.
Wealth Locks guarantees Defi Safety through Lockups
Wealth Locks, which is a decentralized application permits blockchain projects to lock their BEP20 tokens and Liquidity tokens in an audited and time released smart contract.
Lock tokens and Liquidity in a Simpler way
Liquidity and team tokens lock of a particular project boosts the confidence of the investors and they feel their money is in secure hands.
Show your Lockups without Uncertainty
The moment you lock your liquidity or team tokens with Wealth locks, we present your project information and lockup details in our dashboard in a manner which makes it easy to read and further builds confidence. It also helps in building security.
Security and Reliability of the Investor
Investors look for a quick and very reliable information to select the coins they want to purchase. Wealth locks makes their task easy by viewing lockup details, auditing and finally analyzing the overall data stored.
WEALTH USE CASES
$WLT is the governance token of the WEALTH ecosystem. It is integral part of the ecosystem and will be used for following features and many more.
Wealth locks
Safe and trusted lockup for Projects to lock their Liquidity and Team tokens. Revenue generated from lockup fee will be used to buy back Wlt Tokens and will be distributed among Wlt holders.
Transfer fee
1% transaction fee for every transaction is distributed among Wlt holders automatically
Wealth transfer
Extra added fee of 1% with each sell order which goes upto maximum of 5% and is transferred to next Wlt buyer.
Bonus event
Automatic eligibility for Claiming extra 100 Wlt tokens if you buy 500 Wlt tokens during the bonus event.
Initial Token Distribution
Locking any BEP20 tokens
Wealth locks has a very smart and trusted locking tool which makes it easy, fast as well as safe to lock any BEP20 tokens, including Liquidity and Team Tokens from Binance Smart Chain.
Find your token - Enter Unlock time - Press lock and done!
Find your BEP20 Token by searching for it or entering the address /pair address. After that enter the unlock date and time. Lock the tokens and your job is done.
Lock your tokens with Minimal fees
You can lock your Liquidity and team tokens with just .5% fees with us. Revenue generated from lockup fee will be used to buyback WLT tokens and will be distributed among holders.
Secured and audited Smart Contracts
Wealth locks respect the personal privacy and ensures that we never have custody of users coins and do not have any access to them. Once audited the coins are locked for the duration you mark. They are only to be looked by the user who locked them and can only be withdrawn when the locking period has passed.
HOW TO BUY WEALTH ON PANCAKE SWAP
Using Metamask Wallet
- Connect BSC to Metamask
- BUY BNB from Binance
- Deposit BNB in your Wallet and While withdrawing use BSC CHAIN Network.
- Swap it on Pancake Swap.
Using trust wallet
CONNECT WALLET
Contract address will be used for Both Metamask and Trust Wallet.
0xb7b262b0Ac4939D8936685E20189D809BDB5daC6 Copy
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How and Where to Buy Wealth Locks (WLT) ?
WLT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy WLT
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since WLT is an altcoin we need to transfer our coins to an exchange that WLT can be traded. Below is a list of exchanges that offers to trade WLT in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase WLT from the exchange.
Exchange: PancakeSwap
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once WLT gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information WLT
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