Welnance is a protocol on the Binance Smart Chain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers(and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.
Each money market is unique to a Welnance asset (such as BNB , a BEP-20 stable coin such as BUSD, or a BEP-20 utility token such as Augur), and contains a transparent and publicly inspectable ledger, with a record of all transactions and historical interest rates.
How Many WEL Coins Are There in Circulation?
WEL Protocol launched its mainnet on Oct 15, 2021 with 5 billion WEL tokens created at genesis. 20% of additional supply is issued for platform development, R&D, and marketing, 80% goes to the public such as Defi, Exchange, and public services.
Welnance's mission is to promote financial freedom and choices for the world population by offering fast, secure, reliable financial products and services to customers.
Welnance Vision
By leveraging blockchain technology, Welnance joins Digital World to revolutionize financial systems and services where wealth is accessible for all with financial freedom and choices
WEL is the native utility token that is used for:
Supplying Assets
Borrowing Assets
Running smart contract on the BEP-20 network via staking WEL tokens.
Used for governance votes to determine how network resources are allocated.
Trading exchange
Ecosystem
Blockchain R&D
Voting
Incoming projects include:
Welnance Defi
Welnance Trading exchange
Welnance Wallet
Welnance Crypto Mining.
Welnance pay will be used in the special economic zone.