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Information about "Wing Finance"
What Is Wing (WING)?
Wing is a decentralized platform focused on credit and built for crypto-asset lending and facilitating cross-chain interactions among decentralized finance (DeFi) projects. The initiative seeks to increase the accessibility of crypto lending services by using a credit evaluation system that eliminates the need for substantial collateral. Operated as a decentralized autonomous organization (DAO), Wing engages its users in decision-making, product innovation, and management activities.
The platform employs decentralized governance along with a risk management strategy to enhance the connections between lenders, borrowers, and guarantors. This approach has improved the availability and reach of DeFi projects using Wing. A key objective of Wing DAO is to address the problem of excessive collateral requirements that are common in the DeFi sector.
Wing enables the creation of new blockchain projects and is committed to a community that is both decentralized and self-governing. It has responded to challenges faced by other DeFi initiatives by developing a credit-based DeFi system on the Ontology (ONT) blockchain. This system is entirely controlled by its users, eliminating the need for third-party transaction verification.
The platform employs decentralized governance along with a risk management strategy to enhance the connections between lenders, borrowers, and guarantors. This approach has improved the availability and reach of DeFi projects using Wing. A key objective of Wing DAO is to address the problem of excessive collateral requirements that are common in the DeFi sector.
Wing enables the creation of new blockchain projects and is committed to a community that is both decentralized and self-governing. It has responded to challenges faced by other DeFi initiatives by developing a credit-based DeFi system on the Ontology (ONT) blockchain. This system is entirely controlled by its users, eliminating the need for third-party transaction verification.
How was Wing developed?
Wing is a cross-chain DeFi platform centered around credit, developed independently with technical backing from the Ontology team.
What Makes Wing Unique?
A standout feature of Wing is its ability to let users create a DAO proposal or invest on the platform without needing prior blockchain experience. When developers present their proposals, they can gain crowdfunding opportunities. Additionally, investors can participate in decision-making, earning a portion of future profits through smart contracts.
Wing is constructed on the Ontology blockchain because it can establish collateral pools across various blockchains. Ontology facilitates the digitization of both new and existing assets.
The blockchain also includes OScore, a credit-scoring feature that assesses users' borrowing and lending history and their digital asset details. Users maintain full control over their accounts and can securely access their OScore, ensuring their data remains private.
Moreover, since borrowers must rely on their OScore for loans, the necessary collateral for borrowing is minimized. In Wing's inclusive pool, maintaining a good credit score is incentivized. Borrowers who are prompt in repaying their loans might benefit from reduced interest rates. Similar DeFi platforms include Uniswap and AAVE.
Wing is constructed on the Ontology blockchain because it can establish collateral pools across various blockchains. Ontology facilitates the digitization of both new and existing assets.
The blockchain also includes OScore, a credit-scoring feature that assesses users' borrowing and lending history and their digital asset details. Users maintain full control over their accounts and can securely access their OScore, ensuring their data remains private.
Moreover, since borrowers must rely on their OScore for loans, the necessary collateral for borrowing is minimized. In Wing's inclusive pool, maintaining a good credit score is incentivized. Borrowers who are prompt in repaying their loans might benefit from reduced interest rates. Similar DeFi platforms include Uniswap and AAVE.
How Many Wing (WING) Coins Are There in Circulation?
As of February 2021, the WING token has 976,314 tokens in circulation, with a total supply of 2,484,052 tokens. As the governance token of the platform's DAO, WING grants its holders voting rights.
Where Can You Buy Wing (WING)?
You can purchase the WING token on multiple exchanges, such as:
* Binance
* OKEx
* Hoo
For more information on buying Bitcoin (BTC) and other cryptocurrencies, you can read further here.
* Binance
* OKEx
* Hoo
For more information on buying Bitcoin (BTC) and other cryptocurrencies, you can read further here.
"Wing Finance" price data