Deepwaters-pris (WTR)

What Is Deepwaters?

Deepwaters is an exchange which brings the trustlessness of DeFi to centralized finance, providing provably fair and secure operations. On Deepwaters, violations of asset custody and preferential access to order flow are rendered impossible by means of code and confidential computing.

WTR is the native platform token of the Deepwaters exchange. It can be used for:

• Fees on the Deepwaters platform, where it is accepted at a fixed redemption rate of $0.70.
• Governance over the network, DAO, and DAO treasury
• Access to additional features
• Voting on new exchange features, token additions, and other functionality

WTR is an ERC-20 token on the Avalanche C-chain.

How Many WTR Tokens Are There in Circulation?

Deepwaters launched the WTR network on February 14, 2023 with a 350,000,000 WTR maximum supply. Approximately 24,765,413 were in circulation at network launch. The unlock schedule for remaining tokens is partially time-based, and partially milestone-based. 90,000,000 WTR are subject to the milestone-based unlocks, which are based on cumulative transaction volume on the Deepwaters exchange.

Who Are the Founders of Deepwaters?

Deepwaters was founded in 2021 by Zorrik Voldman. Zorrik has extensive experience in FinTech, having sold three previous startups to large, publicly traded companies. He also ran a commodities hedge fund, based on his proprietary software, with 20+ traders. His experience having trading strategies not match their backtested performance inspired him to found Deepwaters with the goal to eliminate the asymmetries which give certain privileged counterparties, and the exchanges themselves, an unfair advantage over everyone else.

Zorrik was encouraged to tackle this problem in crypto markets by Deepwaters co-founder Mihai Dinulescu, who has worked in crypto / blockchain since 2017 and has designed over a dozen ICOs as Director of Strategy at Ambisafe.

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Learn more about Deepwaters and WTR on the Deepwaters website].