Andrew describes WEEX's vision: Breaking down barriers and enabling global crypto users to access everything

Article source: WEEX

On August 13-14, local time, the annual Blockchain Futurist Conference, Canada's largest Web3 event, was held in Toronto. WEEX Exchange attended the conference as one of the sponsors. In his speech, Andrew Weiner, Vice President of WEEX Global, introduced WEEX's vision, platform currency WXT and WEEX Launchpool products, and interacted with Funk, market consultant of WEEX partner K9 Finance DAO (KNINE), and Calvin Weight, co-founder of Rain Coin (RAIN). The following is an excerpt from the three speeches.

Andrew: Hello, I am Andrew Weiner, Vice President of WEEX Global. Some of you may not be familiar with the name WEEX, we have been building this product overseas since 2018 and entered the market in 2020. Today, we have more than 3 million traders in nearly 100 countries and regions around the world. With more than 700 exchanges in the market today, you may ask, why choose WEEX, why now, why here? There are still many barriers for traders and users in this space. If there are traders in this room, you may have 3-5 or even 6 accounts on multiple exchanges to really access everything that is useful to you in the industry. You may encounter barriers in registration, barriers in deposit options, barriers in selection, barriers in available services, and barriers in educational resources on how to use these products.

WEEX aims to be the "Swiss Army Knife" that breaks down all these barriers, providing users with all functions through a single login. At WEEX, we ensure that all customers have a deposit channel, access to derivatives, the ability to pledge, spot trading, leverage, and smooth withdrawals. We are integrating all relevant partners and technologies so that you can truly get an end-to-end experience, instant registration, easy deposits, everything is done on one platform, which is what users have always wanted.

Why are there so many barriers? Let's try to bridge them together. We are very interested in connecting and working with projects that are here and attending the conference that are interested in working on these types of market opportunities.

We have a very clear user base of 3 million traders, who are mainly concentrated overseas, in countries such as China, Vietnam and India, and anyone who is not currently marketing to or connecting with this audience in their native language, you are cutting off a portion of the overall market. This is so urgent for the types of projects and services that are innovating in the industry, alternative assets, DeFi projects, GameFi, NFTs, Web3 and even AI, all need a reliable home where users can have an end-to-end experience with less friction.

So, the project I want to introduce to you today is WXT and WEEX's Launchpool. WEEX Token (WXT) is the platform token of our exchange, designed to provide exclusive benefits to our loyal WEEX users, who can gain tremendous value just by participating in the ecosystem. By holding and using WXT, users will share in the long-term rewards of the rapid growth we are experiencing. By holding WXT, you will enjoy staking, trading fee discounts, and early access to popular projects. For project owners, WEEX's Launchpool has become the destination of choice for emerging and popular projects in the altcoin space.

What is unique about us?

Our WXT holders receive a share of the prize pool established in our market strategy by depositing tokens, trading, and staying active. When people actually invest their own money and resources to support your project with practical actions, this user behavior will make them more engaged. This not only makes them more invested financially, but also allows you to establish a deeper connection with the community you are trying to serve. Your tokens will no longer be randomly and blindly airdropped to some people who may not intend to trade at all. Your investment will be worth it when you are listed on WEEX. We currently have several exciting projects, some of which are already listed on WEEX.

At the same time, I also want to talk about a group that brought us all here, that is SHIB, let's shout out "Shiba Inu Token", "Shibarium" and all the teams that provide us with a VIP experience at Futurist. We are very excited to integrate L2 Shibarium, and in the next 6 to 12 months, you will see up to 200 SHIB projects listed on WEEX first.

Now, I would like to invite some of our partners to come up, the first one is Funk from K9 Finance DAO.

Funk: Hi everyone, thank you very much for inviting me to the stage. Everyone is familiar with Shiba Inu, it is a Top 15 token. Two years after the launch of Shiba Inu, the community came together to build a technical ecosystem around Shiba Inu. One year ago today in Toronto, they launched the Shibarium blockchain L2, like Matic, Base Chain. Shibarium is looking to gain a major market share of L2 traders, how do they do it? What they need most is TVL, they need transaction volume on the chain, how to get this? This is where K9 finance comes in.

For those who are familiar with Lido Finance, it is Ethereum's leading liquid staking derivatives, which has greatly increased Ethereum's transaction volume. This is also what we want to do for Shibarium, allowing people to lock up the chain's Gas tokens and earn income from it, while increasing Shibarium's TVL and transaction volume. We are an official partner of Shiba Inu and we work extensively with them and we get support from them with social media and so on. So we have a very close relationship and we will work hard to help SHIB Army build Shibarium.

We also really like WEEX, they have now integrated Shibarium into their platform. So Shibarium will continue to grow over time. Thank you very much for your time, thank you WEEX.

Andrew: Thank you very much for the support of Funk and SHIB Army, SHIB Army is one of the largest groups of traders in the world. If you work with this group, you will immediately get a ready-made audience. So for all the builders, it's worth it. Next up on stage is another project that I'm very interested in, Calvin Weight, some of you may follow him on Twitter, he often publishes great content, and he is here today to introduce you to Rain Coin on Polygon.

Calvin：First of all, I want to talk about why we decided to list on WEEX. We have been committed to finding a global audience for our tokens, hoping to fully include the global market, and WEEX is such a portal to showcase our tokens to an excellent global audience. I have also known Andrew for a while, and his joining WEEX is definitely a plus for us. Because we know that he is behind this company, it gives us a lot of confidence.

Just a quick rundown of what we did with Rain Coin. Rain Coin started as an experiment and has become an interesting economic construct where we explored how to create a token that acts as a store of value. We minted 1 million RAIN tokens, locked them all in a liquidity pool so that there was no team, no controlling wallet, no foundation, nothing creating sell pressure on the token.

Then we added a 1% redistribution share to the smart contract, which means that 1% of any token that is circulating on our blockchain network is redistributed to holders. This way, holders are incentivized to buy and hold because they are actually earning cash flow or interest on their assets.

So, we created a scarce digital asset with no internal sell pressure from the team, token unlocking, or anything like that. And it generates yield even in cold storage. Now, to push it to the next level, we've really added some gamification. Our community is growing, and everyone is really interested in creating some kind of additional value for themselves by staking Rain Coin.

Andrew: Thank you very much, Calvin, for all your support over the years. Finally, everyone, if there are any of you building projects on SHIB, K9 Finance has already done a demonstration for you on WEEX. There is no listing fee here, we just work with you on events and marketing. Come contact me, thank you very much.

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