WingRiders – Governance UI – Cardano Feed
Today we are going to talk about a really exciting Governance UI upgrade on the platform, which will help you understand your WRT holdings across the DEX. It’s important to know the status of your holdings in Farms, your wallet, Liquidity pools and Vesting.
You may have noticed the “GOVERNANCE” feature on the app was grayed out, now this section is live. Take the first step to govern in our platform by clicking on “GOVERNANCE“.
This is the gateway to see how much WRT you hold and where they reside.
Starting from the top section of this panel you’ll notice your TOTAL WRT amount across the platform. This is broken down into 4 sections next to the total amount. The first is “In Your Wallets” which is self explanatory and is how many WRTs you hold in your wallets. Then “In Farms” which is showing the number you have gained in the farms that you are participating in. Any of your tokens that are in Pools will be shown in the “In Liquidity Pools” section and finally any that are still in a vesting contract, which you will receive based on the contract you purchased the tokens, will be shown in the “In Vesting” section.
So pretty simple to see an overview of all your tokens in one place.
Under the overview section we just covered is the section for all the WRTs vested from different activities. Tokens you have gained from farming, whitelist participation and other WRT generating events.
Each of these sections has a detailed view just underneath it that will be revealed if you press the arrow at the end of the row. Let’s see what information you can find here.
The first figure, 20 400 WRT, shows how many WRTs have been unlocked out of the total amount vested, shown under that figure, 81 600 WRT. Moving along this row you will see the indicator showing the installments. In this case 3/12 installments have been issued. Please note that the dark green installments represent the number of tokens already withdrawn from the installments and the lighter green installments represent unlocked installments from which you haven’t withdrawn WRTs yet — so currently available tokens to withdraw. The installments in the lock period are represented by the lock under these installments. You can also see the number of days each installment is made up of, in this case 30 days. Next to this indicator is the number of WRTs you can withdraw, which is 6 800. Finally you will notice the “WITHDRAW” button which is lit in green. This means that you can withdraw your WRTs to the sum of the number indicated under the Withdrawable section, 6 800. If this button is grayed out and inactive you have no WRTs that can be withdrawn. In that case the button shows you when the next number of tokens will be available.
Once you open the detailed view of the vesting schedule section you will notice even more valuable information.
“DURATION” indicates the number of months that make up the total vesting period. “LOCK PERIOD” shows the number of days in this case 60, that your tokens will be locked-up for before your first installment, so 2 installments in lock period, 30 days per installment. “WITHDRAWN” as the name suggests is the number of tokens you have withdrawn to date. “VALUE PER INSTALLMENT” literally means how many tokens will be unlocked per installment. “NUMBER OF INSTALLMENTS” also means how many installments there are in total for this vesting contract. Finally “NEXT INSTALLMENT” means when the next installment is due and will unlock.
Let’s talk step by step how the governance section could be changing in time.
Imagine a user, who gained 22 000 WRT as farming rewards before the TGE and whitelisted 96 000 WRTs.
Before the TGE
Until the vesting contracts are finalized, users will only see in the governance section the number of farming rewards they earned before the TGE.
Once all vesting contracts are prepared for all users, this user will see the 85 % of his whitelisted tokens prepared in his whitelist vesting contract, 2000 WRTs as a farming reward waiting to be airdropped in the “In Farms” section and the rest of the rewards prepared to be vested in farming vesting contract.
The day of the TGE
On the day of the TGE users will receive 15 % of their whitelisted tokens and first 2 000 WRTs as a farming rewards via airdrop into their wallets.
2 months after the TGE
Once the lock period for the whitelist vesting contract ends, users will be able to withdraw tokens from the first two installments. Then there will be another portion of WRTs available to be withdrawn every month till the end of the vesting contract.
We hope you will enjoy this new Governance section of the UI and use it regularly to keep tabs on how many WRT tokens you have, where they are, full details on the vested tokens and when you will receive them. Governance and voting part will follow. Take control of your WRT for a decentralized future.
Have a great day!
Original Source: https://medium.com/@wingriderscom/governance-ui-b5cf9e6650c9
Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.
PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
At the time of writing, it ranks number 6 on CoinMarketCap, making it a cryptocurrency to buy now.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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