The Good Tech Companies - WeFi To Enter New Phase Of DeFi Following November $WFI Token Generation Event

Episode Date: November 18, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/wefi-to-enter-new-phase-of-defi-following-november-$wfi-token-generation-event. With a fixed supply of 1,000,000,000 tokens, $WFI was engineered to foster a unique ecosystem that values community participation and sustainable growth over qu Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #wefi, #chainwire, #press-release, #wefi-announcement, #blockchain-development, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. WeFi to enter new phase of DeFi following November $WFI token generation event, by Chainwire. Charlestown, St. Kitts & Nevis, November 18, 2024, Chainwire, WeFi, the next-generation financial platform dedicated to reimagining access to global financial tools, successfully holded the highly anticipated token generation event for its native $WFI token, platform dedicated to imagining access to global financial tools, successfully holded the highly anticipated token generation event for its native $WFI token on Friday, November 15. Following the TGE, $WFI debuted on BitMart on November 18, opening UP new avenues for participation and interaction within the WeFi ecosystem.

The $WFI token is the lifeblood of WeFi's ecosystem, which seeks to empower users with a seamless blend of DeFi and traditional financial tools. Initially launched on Binance Smart Chain, BSC, $WFI will soon migrate to WeFi's own WeChain blockchain, where it will power everything from liquidity pools and transaction fees to staking and advanced DAPPs. With a fixed supply of 1 billion tokens, $WFI was engineered to foster a unique ecosystem that values community participation and sustainable growth over quick gains. The TGE for $WFI embodies WeFi's commitment to a fair launch model, ensuring that all participants have equal access to the token from the outset,

without the advantage of pre-sale allocations or VIP access. This fair launch approach aligns with WeFi's mission to create a financial ecosystem rooted in transparency and inclusivity, making $WFI accessible to a broad community of users. A key feature that sets WeFi apart is its non-custodial account system, which seamlessly bridges Web3 and traditional banking. Users maintain full control of their digital assets while enjoying everyday banking convenience. Their Web3 wallet connects directly to a non-custodial bank account linked to a credit card, enabling automatic spending from their crypto holdings without manual top-ups. This means users can spend their digital assets as easily as traditional currency while retaining complete custody of their funds. This non-custodial

design is expected to be a defining feature for WeFi, empowering users with secure, self-managed access to $WFI and positioning WeFi as a forward-thinking platform in the DeFi space. A central pillar of WeFace approach is the Initial Technology Offering, or ETO platform, which facilitates community-driven token distribution through ETO nodes. These nodes allow early adopters to mine $WFI while also granting access to exclusive WeFi services, early listings, and additional rewards, creating a multi-faceted engagement model. Since its inception, the ETO platform has seen remarkable activity, with over $35 million WFI tokens already minted, reflecting robust community support and interest in WeFi's vision. Through ETO nodes, WeFi doesn't just focus on mining but builds a network of committed users

actively participating in the platform's growth and evolution. Greater than Maxim Sakharov, co-founder and group CEO of WeFi shared his enthusiasm about greater than the TGE and the ecosystem's trajectory. Our vision is rooted in the belief greater than that access to the global economy is a fundamental right. We see a future greater than where everyone, regardless of location or wealth, can claim their financial greater than freedom through a secure, accessible, compliant, and fair financial system. Greater than we're building a financial infrastructure that respects user autonomy and greater than fosters inclusivity on a global scale. Dollar WFI is the heartbeat of our platform.

Greater than it facilitates everything from day-to-day transactions to secure staking, and greater than it's tailored for real use within our evolving ecosystem. Greater than Sakharov added, the TGE is a milestone that brings us closer to our vision of greater than a new banking system where users truly own and benefit from the system they greater than support. We're thrilled to see $WFI go live on a major exchange, for more greater than users to engage with WeFi and take control of their financial future. The $WFI listing on BitMart at 11 a.m. Coordinated Universal Time on November 18 kickstarted the journey. The deposits were

opened on November 16 at 11 a.m. Coordinated Universal Time, and withdrawals will be available starting November 19 at 11 a.m. UTC. This initial launch will boost liquidity and create new entry points for users globally, amplifying the reach of WeFi's ecosystem. As WeFi advances, the platform's development roadmap includes further integration with the WeChain blockchain and the continued rollout of neobank services. This TGE marks a significant chapter in WeFi's journey to create a community-driven ecosystem that combines financial freedom with robust utility, thus signaling a new era of possibilities for decentralized finance.

About WeFi WeFi is a pioneering global blockchain ecosystem and intelligent data platform dedicated to transforming finance through the integration of AI and blockchain technology. Focused on building a more inclusive and accessible financial system, WeFi leverages AI-driven nodes to analyze transactional patterns, proactively prevent financial crime, and deliver transparency, interoperability, and real-time insights to the global finance and fintech sectors. Through its initial technology offering, ETO, WeFi invites early adopters to participate in the ecosystem, earning rewards while contributing to its mission of democratizing finance and setting new regulatory standards worldwide. For more information, users can visit WeFi's ETO website at WeChain. I or follow US on X for updates on $WFI and the WeFI ecosystem. Contact WeFitPress at

Wefi.co. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.