🌟 WXAUT Token
Since our NFTs are backed by XAUT tokens (Tether Gold) and we're operating on the Arbitrum blockchain, where XAUT isn't available, we've decided to create a wrapped version of XAUT (WXAUT) to facilitate this integration.
This decision is driven by several strategic advantages:
Cost-Efficiency: Creating a wrapped XAUT token on Arbitrum will help in reducing the transfer fees associated with XAUT, which is currently only available on Ethereum.
Community Benefits: The fees generated from the liquidity pool of WXAUT/USDT will be reinvested directly into our community through staking.
Partnership Opportunities: By initiating this, we aim to explore and potentially establish partnerships directly with Tether Gold or other potential service providers. Such collaborations could enhance the credibility and functionality of our project.
Market Innovation: Launching a wrapped XAUT token on Arbitrum presents a pioneering opportunity to establish a market that currently doesn’t exist. It allows us to innovate and lead in creating new pathways and opportunities within the Arbitrum blockchain.
In short, creating a wrapped XAUT token on Arbitrum is a strategic move aimed at optimizing costs, enhancing community benefits, promote partnerships, and pioneering innovation in the market.
Last updated