Singapore, May 26, 2021 – CoinWind, a DeFi Smart Yield Aggregator (decentralized financing), today launched its $ COW token. In an initial DEX offering (IDO) launched on three platforms – MDEX, WeStarter and Helmet – the profit aggregator put 3.24 million COW tokens up for sale.
The listing was a great success, as CoinWind tweeted its 19,000 followers that the first phase of the IDO on MDEX (IMO – “Initial MDEX Offering”) lasted “only 10 seconds”.
The majority of the tokens, 3 million COW tokens, were made available on the MDEX platform. MDEX.COM is a leading DEX (decentralized exchange) that has gained large market shares in recent months. The DEX pursues a unique dual mining strategy that combines liquidity and transaction mining, which has resulted in explosive growth in its transaction volume.
The total COW tokens of USD 3 million were collected at MDEX to the value of USD 1.5 million, which were collected in the various token currencies (MDX, HT and BNB). A total of 8,874 wallet addresses participated.
Based on the HECO (Huobi Eco-Chain) and BSC (Binance Smart Chain) networks, sales of COW tokens at the time of writing rose to 64.63 million MDX at HECO, 47.85 million MDX at BSC and 9.25 million at BSC amount to the liquidity pool of the MDX / HT token pair and 1.14 million to the liquidity pool of the MDX / BNB token pair.
DeFi’s explosive growth
The DeFi market grew in popularity in 2021, rising from a total value of around $ 3 billion to a total value of $ 80 billion in 12 months. As the market has grown, some users have either struggled to get the best returns on their investments or they have been cautious entering the market because they have perceived increased risk with DeFi investments which they believe will result in a loss of capital could lead.
A spokesman for CoinWind, the team behind the $ COW token, said the project resolved both issues.
The CoinWind solution for low returns and high risk with DeFi investments
By matching users’ committed tokens to maximize ROI for all users, CoinWind promises a higher ROI for users who want to manage their crypto assets.
“CoinWind automatically adjusts pledged tokens to high-yield pools for optimal returns,” said Musk, head of the CoinWind community. “In addition, the income generated is automatically reinvested in high-yield projects every 5 to 10 minutes to ensure that all income is used to generate profit and that no opportunity is lost. We also use hedging strategies to reduce volatile losses. “
DeFi assets suffer inconsistent loss when the price of an investor’s tokens changes compared to the price of the tokens when they were first deposited into the pool.
By offering low user thresholds and maintaining high returns, CoinWind’s value proposition is to attract liquidity providers. The platform is especially popular in China for farming with a single token.
CoinWind offers both Single Token (or Single Asset) and LP (Liquidity Pool) farming opportunities and offers attractive APY (Annual Percentage Return) with flexible provisioning.
CoinWind Tokenomics ($ COW)
The total supply of COW tokens valued at $ 100 million is $ 100 million. Of that, 65% is used to reward users for farming in CoinWind, with production halving every year.
Fifteen percent is earmarked for the team’s operations, technology research and development, which is unlocked for twelve months one month after launch.
Ten percent is given to early-stage investors, while the remaining ten percent is used for church planting, fundraisers, and marketing.
As the project grows, the CoinWind team plans to expand to more blockchains, including Ethereum, OKChain, Solana, and others.
For more information on CoinWind, please visit the official website: https://www.coinwind.com
Official CoinWind channels:
English telegram: https://t.me/CoinWind
Chinese telegram: https://t.me/coinwind_cn
Cecilia Wong, yourPRstrategist.com