The Weownomy platform launches 200 million staking out (WEOWNS)
DELAWARE CITY, Delaware, October 22, 2021 (GLOBE NEWSWIRE) – Weownomy Platform today announced the launch of the Liquidity and Staking Rewards Program. The WEOWNS 200 Million Participation Program will be divided into three categories: – Remittance & Crypto trading where there are no transaction fees, participants receive an additional amount when they send or receive money; Social media users are encouraged to post, share and interact with content on the Weownomy platform in order to earn WEOWNS, which can be used as a currency of exchange or cashed in other cryptocurrencies or fiat currencies at any time.
Weownomy’s latest project, MyWEOWNS Debt Free Personal Economic Security Program, introduced a sustainable personal economic system that aims to enable people to prosper financially without being burdened with debt.
Ahead of the launch of WeownomyChat, an instant messaging app in November 2021, the board has approved to reward those who share its vision for the long-term success of a new alternative social media platform and its motto. kindness, WEOWNS.
âThis reward program is a way to share our vision for long-term success with those who are ready to be a part of the WEOWNOMY revolution,â said Ssemakula Peter Luyima.
The world’s first economic program from WEOWNS
The world’s first WEOWNS economy program will launch October 29-31, 2021. The program provides 200 million WEOWNS to registered participants, allowing them to have a position in WEOWNS by holding the token. There are three ways to participate: 1) An individual or business can open an account with WeownomyPay and complete their first WEOWNS transaction 2) A business can sign up with WEOWNS WeownomyChat Click-to-earn ads as currency platform converted to other crypto or fiat currencies 3) Investors can wager Ether within the WEOWNS wagering reward program period (October 29-31).
WEOWNS has three key characteristics: 1) It is supported by a continuous transaction 2) As people use WEOWNS it becomes more profitable due to the underlying principles of supply and demand which means you can earn an additional amount above your original purchase price. 3) New growth opportunities with an increasing number of participants. For every WEOWNS coin created through the network, another will be destroyed during use or transaction. This makes it possible to have an infinite supply while having value because the demand will always be greater than the supply, making it the most stable cryptocurrency ever created.
The WEOWNS project creates a new, perhaps revolutionary, way of distributing the wealth generated by staking. The entire reward pool is fixed and 50 million WEOWNS will be distributed on a stake weighted basis to the remaining eligible participants at the end of each six month period, according to a published schedule. WEOWNS offers an alternative to traditional staking platforms that do not guarantee that the total amount of rewards for participating will ever exceed the initial investments.
WEOWNS Reward Distribution Details
The 200 million WEOWNS in the rewards pool will be distributed over four six-month periods for a total of two years on the dates below:
|PERIOD||WEOWNS STAKING REWARDS PROGRAM DISTRIBUTION DATES||AMOUNT OF THE PARTICIPATION REWARD DISTRIBUTED|
|Period 1||October 29, 2021||50,000,000|
|Period 2||April 29, 2022||50,000,000|
|Period 3||October 29, 2022||50,000,000|
|Period 4||April 29, 2023||50,000,000|
WEOWNS: A Crypto Asset Backed By Ongoing Transactions and Participants
As it continues to be used, WEOWNs are destroyed during transactions and by staking rewards. This means that for every WEOWN created through the network, another will be destroyed at the same time. The entire wagering reward pool is fixed and will be distributed on a wagered weighted basis only to the remaining eligible participants at the end of each six month period.
In the world of cryptocurrency, there are many ways to earn a reward. Staking WEOWNS means locking them up in order to receive more coins. The reward that one receives depends on the number of rooms locked by other people who also mark out their rooms.
To qualify for WEOWNS staking rewards, they must be deposited into an eligible wallet that supports staking and not removed during the time they were active on the network.
Weownomy offers WEOWNS holders the opportunity to earn more with their stake by calculating the amount they could receive based on different time periods. The longer the period, the higher your reward will be, but you need to make sure you have enough WEOWNS in your portfolio for this type of long term investment strategy.
The only requirement for a qualifying wallet is that it must contain more than 1 WEOWNS alone or combined with other also qualifying wallets.
WEOWNS Liquidity Provider Awards
WEOWNS is a yield-bearing asset that allows holders to passively generate income through the process of wagering their tokens. WEOWNS will generate income from two sources: a 1% trading fee generated by the decentralized exchange UniSwap where it is listed; 5000 WEOWNS (represented in USD or any currency) is what is provided monthly to liquidity providers on UniSwap.
The idea behind WEOWNS is simple: if someone puts in tokens, they will receive rewards in the form of ETH and / or WEOWNS tokens for doing so. For example, if we bet 100 WEOWNS tokens using (ETH / WEOWNS liquidity pool) for six months, he receives in return 5,000 WEOWNS tokens (according to the current price).
Go to ETH / WEOWNS liquidity pool and click on + Add liquidity at the top right
The program starts on October 25, 2021 at 3 p.m. EST.
WEOWNS and the Staking Reward Program
WEOWNS is a Proof of Stake (PoS) token that provides holders with passive income on the Ethereum network. This means that users can lock their WEOWNS tokens in order to receive rewards for staking them.
Global WEOWNS Token investors can provide liquidity to ETH / WEOWNS liquidity pool in equal proportion on Uniswap (V3) as follows:
1100% ETH / WEOWNS liquidity pool staking rewards go to the investor for a minimum of 30 days
2) Add your address to the whitelist
3) An investor can open a WeownomyPay account to exchange WEOWNS in xZAR tokens.
WEOWNS will integrate xZAR Stablecoin for transactions
WEOWNS will officially use the South African stablecoin xZAR indexed 1: 1 with the South African Rand (ZAR) for transactions. The use of xZAR will initially begin with the 30,000 co-owners who will exchange the WEOWNS for xZAR tokens. WEOWNS users will be able to convert them back to Rands (ZAR) via AltCoinTrader.co.za, South Africa.
WEOWNS https://weowns.global is a new currency that was created to fill the gaps in Bitcoin. WEOWNS is designed to be used as an incentive for people who want to do good in their communities, not just to mine for bitcoin. WEOWNS inspires entrepreneurs and users to act benevolently towards each other by building trust through commitments made. This means that any user or entrepreneur who follows the precept should generally be more successful than not, as they will have earned more WEOWNS.
Weownomy Platform Corporation, Incorporated in the State of Delaware https://www.weownomy.global launches an open and participatory subscription platform. A new redefined social network that facilitates the participation of people in the democratic process of defining their own rules for their future, generating a property structure where each person has the right to share the income generated by this new economy and therefore real economic equality .
Ssemakula Peter Luyima
President and CEO
Weownomy Platform Corporation
Image 1: Weownomy
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