Wombat Exchange (WOM)

IDO

Last updated: Aug 26, 2022

Wombat Exchange is a multichain stableswap native on the BNB Chain, focused on re-engineering the stableswap experience with its innovative algorithm design as the next-generation stableswap 2.0.

Series A Funding $5.25 Million

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Overview

Project industry	Exchanges & Wallets
Product type	Platform
Whitepaper	Open

What is Wombat Exchange

Wombat’s vision is to fuel DeFi growth and push boundaries with greater capital efficiency, increased accessibility, and scalability, with the adoption in a multichain world.

Maximize Capital Utilization

Wombat's open liquidity pool design aggregates liquidity in a shared pool intricately balanced by Coverage Ratios, providing greater capital efficiency.

Increase Scalability

Wombat's flexible liquidity pools allow staking with a single token, which facilitates liquidity growth without the need for complex maneuvers.

More User Friendly

Wombat helps users swap tokens and earn interest on any stablecoin currency across various blockchains via an intuitive UI.

Minimize Slippage Rate

Wombat uses an asset to liability model and negates slippage until higher transaction amounts and reduces slippage when it occurs!

Details

IDO (PancakeSwap Launchpad): Aug 30, 2022 - Aug 30, 2022
Token supply: 1,000,000,000 WOM
Raised: 5,250,000 USD

Legal

Blockchain Platform: Binance Smart Chain
Registration year: 2021

Token info

Ticker: WOM
Type: Utility-token
Token standard: BEP 20
Token price in USD: 1 WOM = 0.075 USD
Token distribution:
7.5% - Private Sale
3.0% - Strategic Sale
2.8% - PCS IFO: Public Raise
0.6% - Syrup Pools
5% - Binance Seed
15% - Binance Partnership: Various Binance Partnership Allocation, including marketing and market-based campaigns
20% - Team
20% - Liquidity
0.1% - Marketing
26% - Treasury