WeFi logo

WeFi (PAXO)

Status
IDO

WeFi is a DeFi infra protocol offering 3rd generation Leverage Vault to traders, farmers & DeFi noobs in a permissionless and trustless manner. The protocol allows users an alternative to leverage trade by offering investment loan, leverage farms & leverage staking with an omnichain approach.

WeFi White Paper Whitepaper

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Interest lvl
NA
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User Rating
Medium
3/5 1 votes
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Ticker
PAXO
Type
Utility-token
Token standard
ERC-20
FoundedIndia
Registration countryVirgin Islands (British)
Registration year2021
Office addressPO Box 71, Road Town, Tortola, VG1110 British Virgin Islands
Launchpads

What is WeFi

WeFi is a decentralized money market protocol that opens up investment loan options in DeFi for global users to invest in digital assets via multi-pool borrowing.
  • WeFi is a trustless protocol driven by secure smart contracts. It does not rely on credit scoring or any centralized enforcement to operate.
  • WeFi allows cryptocurrency lenders to enjoy attractive, sustainable yields. Conversely, borrowers access predictable investment loans empowering them to invest in the lucrative digital asset market.
  • WeFi Finance's investment loans are used to invest in other digital assets from a connected DEX via the WeFi protocol. Afterward, the acquired asset (investment) is securely locked in our protocol until the loan is repaid with interest. If not, the asset is liquidated in an auction when it reaches the liquidation point.
WeFi Finance is a money market ledger where users can supply or borrow digital assets. Interest is computed as a function of time, fluctuating depending on market conditions. The protocol's smart contracts will be publicly accessible and flexible for incorporation by diverse systems, industry dApps, and ordinary users across the globe. Each money market is unique to a given isolated pool. It also contains a transparent and publicly-inspectable ledger, recording all transactions and historic interest rates.

WeFi Roadmap

1
Jan-June 2022
  • Whitepaper release
  • Seed Fund Raised
  • Audited by QuillAudits
  • Testnet Released
  • Alpha Mainnet launched on polygon
2
Jan-June 2023
  • Private Round Raise
  • Audited by Pecksheild
  • Beta Version Launched
  • Introduction of Liquidity token
  • Token Launch and Exchange listing
3
June-Dec 2023
  • Multi chain launch
  • Leveraged yield farming
  • NFT investment vaults
  • WeFi Token staking
  • DAO Setup

Token Sale Dates

IDO

Start date: May 05, 2023
End date: May 05, 2023

Token Allocation

Presale Token Supply 60,000,000 PAXO
Total Token Supply 100,000,000 PAXO
Total Tokens for Sale 69,000,000 PAXO

Funding Details

Soft Cap 125,000 USD
Funds Raised (as of now) 1,000,000 USD

Token distribution


1,8% - IDO
7% - Seed Round
3% - Strategic Round
2% - Private Round
1,5% - Exchange Liquidity
6% - Market Making Loan
20,7% - Reserve
15% - Adoption, Staking, & Incentives
15% - Marketing, Acquisitions, & Licenses
15% - Team
3% - Advisors, & Consultants
10% - Development & Partnerships

Token Price and Payment Options

Token price USD 1 PAXO = 0.3 USD

Project team

Pranjal Prashar
Pranjal Prashar
Founder and CEO
Pranjal Prashar linkedin-team
Nirmal Singh Rathore
Nirmal Singh Rathore
Chief Marketing Officer
Nirmal Singh Rathore linkedin-team
Neeraj Bhatt
Neeraj Bhatt
Head of Technology
Neeraj Bhatt linkedin-team
Vinay Sagar
Vinay Sagar
Full Stack Developer
Vinay Sagar linkedin-team
Ankush Gupta
Ankush Gupta
Head of Partnership
Ankush Gupta linkedin-team
Prateek Seth
Prateek Seth
Smart contract Developer
Raj Gyanani
Raj Gyanani
Community Lead
Raj Gyanani linkedin-team
Sammi G.
Sammi G.
Community Manager

Advisors

Bartolome R Bordallo
Bartolome R Bordallo
CEO, Zignaly
Bartolome R Bordallo linkedin-team
Abdul Rafay Gadit
Abdul Rafay Gadit
CFO, Zignaly
Abdul Rafay Gadit linkedin-team
Avinash Shekhar
Avinash Shekhar
CEO, Zebpay
Avinash Shekhar linkedin-team
Dave Brown
Dave Brown
Founder, DC Crypto
Dave Brown linkedin-team

Social media

MVP

Industries

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