Wingriders WRT token utility & where to buy

WRT is Wingriders DEX governance token; it will be used to control the voting rights on Wingriders DAO. It has a fixed supply of 100 million tokens, thus making it deflationary by default.

Compared to other top DEXs in the Cardano ecosystems, this supply is a fraction of its competitors. Its biggest competitors, MinSwap & SundaeSwap have 50 and 20 times more tokens in supply respectively. If Wingriders keeps up its popularity and keeps a place in the top 3 DEXs in the Cardano space, WRT holders will stand to gain a lot more.

In a recent interview, the DEX team hinted that it's positioning itself to woo the largest portion of institutional liquidity, once the Cardano DeFi explodes. If Wingriders holds onto its current retail liquidity and actually wins a decent amount of institutional interest, a modest $10 per WRT token is a realistic prediction in a post-bear market.

WRT initial sale prices

For context, these are initial presale, private & public sale WRT prices:

At a market valuation of a half-billion USD and a billion USD, the WRT tokens would be with worth $5 and $10 each. Representing 14X to 30X gains.

Given the DEXs strong security & generous Cardano wallets' support, it is not hard to see how Wingriders could become an institutional favorite DEX on Cardano.

Its closest competitors in this regard are Minswap and Maladex. Minswap is difficult to ignore given the talent and skill they have demonstrated so far. Unless Maladex launches an MVP or a testnet version, it is increasingly beginning to seem like an all-hype but no product story. To be fair, however, great products take time to build and it's probably about to surprise.

How to acquire WingRiders' WRT tokens

Cardano users can obtain WRT tokens via the following means:

1. Via Wingriders TGE event. Users can participate in the WRT TGE via Occam and Vent IDO protocols. About 1.68% of WRT's total supply will be unlocked from the day after the TGE.

2. The DEX adds liquidity to WRT pools on its platform.

   According to the DEX tokenomics documentation, 4% of WRT will be allocated to initial DEXs & CEX liquidity.

   Wingriders ecosystem WRT distribution	WRT tokens	percentage Allocation
   Environmental impact fund	3,000,000	3%
   Initial DEX & CEXs liquidity	4,000,000	4%
   Ecosystem rewards and development reserve	3,000,000	3%
   Liquidity mining	40,000,000	40%

3. Wingriders yield farmers start to withdraw their WRT earnings. It's now possible to withdraw farmed WRT, or add it to a liquidity pool.

4. Delegating to DripDropz's droperators network or farming on Wingriders ADA/DRIP pool.

   Wingriders recently partnered with Dripdropz to facilitate these benefits:

   • Wingriders users who yield farm on the ADA/DRIP pool will receive double rewards in WRT and DRIP tokens
   • DripDropz will drip WRT tokens to users delegating to droperators SPOs

   Starting August 18th, 2022, Droperatorz pool delegators can drip upto 5 WRT per epoch. There's a limited supply of WRT for this airdrop.

5. Wingriders has partnered with gate.io CEX to list $WRT

Other than buying directly the token can be obtained via yield farming on the DEX, future airdrops or participating in the aforementioned TGE.

Presale, private & public WRT sale vesting period

We are unlikely to see a sudden dump of WRT tokens on the market due to the linear vesting/release schedule of its privately & publicly sold tokens. Like any other market price is influenced by supply and a gradually inflated supply is always good for healthy price points.

The public sale is divided into the following strategies:

Advantages of holding WRT tokens

WRT token has utility beyond the mere likelihood that its value will more than quadruple with time. Other than the simple hodling propositions WRT token holders will see the following benefits:

1. Access to Wingriders DAO voting rights and prioritized customer support
2. WRT holders will receive higher farming rewards than other non-WRT yield farmers.
3. Lower prices for select Fungible (FTs) and Non-Fungible tokens (NFTs)
4. In the event of future WRT airdrops, WRT holders might receive special preference.
5. Holding WRT will give DEX users advanced statistics access
6. To be a wingriders DEX agent, one must hold WRT
7. Receive discounts on DEX marketing merchandise

Have Wingriders WRT tokens been minted?

Yes, WRT tokens were minted on the 3rd of March 2022. The mint details are available on cardanoscan.io.

As of late June, no WRT tokens had been moved initial WRT mint addresses. The main mint address held 992.433855 ADA (₳) and 7 native Cardano. The other address held 9.216754 ADA (₳) and 2 native tokens.