Zug, Switzerland, June 6, 2022 — OccamFi is proud to announce WingRiders as the latest partner to launch its first Decentralized Exchange Offering (DEX) (IDO) on OccamRazer. WingRiders will launch the WRT token in June 2022, with the expected IDO in about four weeks.
WingRiders is a DEX whose codebase is powered by Vacuumlabs and resides on the mainnet of the Cardano blockchain. With more than 60 million Cardano (ADA) in total liquidity, the DEX is already live on the mainnet. WingRiders is an infrastructure project focused on building a lightweight, browser-based exchange and wallet integration capability – e.g. B. NuFi – which enables overall decentralized applications and the need to transition from one token asset to another.
OccamRazer will host the WingRiders IDO. The OccamFi ecosystem and OccamRazer’s role in developing Cardano projects have brought the two projects together to collaborate.
“The WingRiders team wanted to ensure a strong technical foundation for the launch of their IDO, which we can provide with OccamRazer. We look forward to hosting the launch of the WRT token to the Cardano community and beyond,” said Max Mironov, Head of Product Development at OccamFi.
The WingRiders platform has already brought many unique features to the Cardano ecosystem. These include ADA auto-staking into liquidity pools and key assets based on the ERC-20 protocol packaged as Ether (ETH), Bitcoin (BTC) and stablecoins USD Coin (USDC) and Tether (USDT).
There is embedded integration with staking platform NuFi, which already supports three blockchains: Solana, Flow, and Cardano. The DEX supports direct interactions with Trezor and Ledger hardware wallets, meaning it can be used on Android devices, bringing the currently supported wallets to a total of eight.
The DEX supports ADA-to-token swaps and token-to-token swaps – i.e. direct exchanges without the need for ADA bypassing. This promotes greater flexibility and better exchange rates for users. The team has experience with Cardano since its inception and works with big names. Beyond the virtual impact, the project is committed to building an ecology impact fund to support earth rewilding.
The details of the project are summarized in this video.
The platform will be a decentralized autonomous organization governed by the community via the platform governance token. The WRT governance token will provide value opportunities for token holders on the DEX and engage the community in important decisions for the development of the project.
“We look forward to working with OccamRazer; They are an excellent platform with a great long-term vision that aligns with us at WingRiders. We appreciate the opportunity to engage with their community and build the Cardano ecosystem together,” said WingRiders Chief Media Officer Liam Bussell.
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