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Charlestown, Saint Kitts and Nevis, November 18, 2024, Chainwire – WeFi, the next-generation financial platform dedicated to reinventing access to global financial tools, successfully hosted the highly anticipated token generation event for its native token $WFI on Friday, November 15. Following TGE, $WFI debuted on Bitmart on November 18, opening new avenues for participation and interaction within the WeFi ecosystem.
The $WFI token is the lifeblood of the WeFi ecosystem, which seeks to offer users a seamless blend of DeFi and traditional financial tools. Originally launched on Binance Smart Chain (BSC), $WFI will soon migrate to WeFi’s own WeChain blockchain, where it will power everything from liquidity pools and transaction fees to staking and advanced dApps. With a fixed supply of 1,000,000,000 tokens, $WFI was designed to foster a unique ecosystem that values community participation and sustainable growth over quick wins.
The TGE for $WFI embodies WeFi’s commitment to a fair launch model, ensuring that all participants have equal access to the token from the start, without the benefit of pre-sale allocations or VIP access . This equitable launch approach aligns with WeFi’s mission to create a financial ecosystem rooted in transparency and inclusiveness, making $WFI accessible to a broad community of users.
A key feature that sets WeFi apart is its non-custodial account system, which seamlessly connects Web3 and traditional banking services. Users maintain full control of their digital assets while enjoying everyday banking convenience: their Web3 wallet connects directly to a non-custodial bank account linked to a credit card, allowing automatic spending from their crypto holdings without manual recharging. This means users can spend their digital assets as easily as traditional currency while retaining full custody of their funds.
This non-custodial design is expected to be a defining feature for WeFi, providing users with secure, self-managed access to $WFI and positioning WeFi as a forward-thinking platform in the DeFi space.
One of the central pillars of WeFi’s approach is the initial technology offering, or ITO platform, which facilitates community-driven token distribution through ITO nodes. These nodes allow early adopters to mine $WFI while also providing access to exclusive WeFi services, early registrations, and additional rewards, creating a multi-faceted engagement model. Since its inception, the ITO platform has seen remarkable activity, with over 35 million $WFI tokens already issued, reflecting strong community support and interest in WeFi’s vision. Through ITO nodes, WeFi does not just focus on mining, but builds a network of engaged users actively participating in the growth and evolution of the platform.
Maksym Sakharov, Co-Founder and CEO of WeFi Group shared his enthusiasm for TGE and the trajectory of the ecosystem: “Our vision is rooted in the belief that access to the global economy is a fundamental right. We envision a future in which everyone, regardless of location or wealth, can claim financial freedom through a secure, accessible, compliant and fair financial system. We are building a financial infrastructure that respects user autonomy and promotes inclusiveness on a global scale. $WFI is the heart of our platform; it facilitates everything from everyday transactions to secure staking, and it’s designed for real-world use within our evolving ecosystem.”
Sakharov added: “The TGE is an important step that brings us closer to our vision of a new banking system in which users truly own and benefit from the system they support. We’re excited to see $WFI go live on a major exchange, allowing more users to engage with WeFi and take control of their financial future.
The $WFI registration on Bitmart at 11 a.m. UTC on November 18 kicked off the journey. Deposits opened on November 16 at 11:00 UTC and withdrawals will be available from November 19 at 11:00 UTC. This initial launch will increase liquidity and create new entry points for users around the world, amplifying the reach of the WeFi ecosystem.
As WeFi progresses, the platform’s development roadmap includes further integration with the WeChain blockchain and continued deployment of Neobank services. This TGE marks an important chapter in WeFi’s journey to create a community ecosystem combining financial freedom and robust utility, signaling a new era of possibilities for decentralized finance.
About WeFi
WeFi is a pioneering global blockchain ecosystem and intelligent data platform dedicated to transforming finance through the integration of AI and blockchain technology. Focused on creating a more inclusive and accessible financial system, WeFi leverages AI-driven nodes to analyze transactional patterns, proactively prevent financial crime, and deliver transparency, interoperability, and real-time insights to global financial sectors. finance and fintech. Through its Initial Technology Offering (ITO), WeFi invites early adopters to participate in the ecosystem, earning rewards while contributing to its mission of democratizing finance and setting new regulatory standards around the world.
For more information, users can visit WeFi’s ITO website at wechain.ai or follow us on X for updates on $WFI and the WeFi ecosystem.
