WeFi logo
WebsiteDAOStarter LaunchpadKommunitas Launchpad

WeFi (PAXO)

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.

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Overview

Project industryBlockchain Infrastructure
Product typeProtocol
FoundedIndia
WhitepaperWeFi White Paper Open

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.

Details

IDO (DAOStarter Launchpad): TBA - TBA
IDO (Kommunitas Launchpad): May 05, 2023 - May 05, 2023
Pre-sale token supply: 60,000,000 PAXO
Token supply: 100,000,000 PAXO
Total tokens for sale: 69,000,000 PAXO
Soft cap: 125,000 USD
Raised: 1,000,000 USD

Legal

Blockchain Platform: Ethereum
Registration country: Virgin Islands (British)
Registration year: 2021
Office address: PO Box 71, Road Town, Tortola, VG1110 British Virgin Islands

Token info

Ticker: PAXO
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 PAXO = 0.3 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

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

Project team

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

Advisors

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

Social media

WeFi web-siteWeFi MediumWeFiYouTubeWeFi TelegramWeFi LinkedInWeFi TwitterWeFi FacebookWeFi DiscordWeFi Github

MVP

MVP URL

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