We have previously released WCMD related QA to explain the knowledge about WCMD to the community. With WCMD's financing of US$2 million, the community and capital are paying more attention to WCMD. Next, we will answer your questions again.
What is the principle of WCMD?
WCMD is a lightning interest liquidity platform created by the CMD distributed storage public chain, that is, users mortgage the encrypted digital assets they hold, and they can get the total amount of interest due to their fixed deposit time at one time, that is, the full amount of interest is prepaid The specific principles of payment are as follows:
WCMD supports users to deposit USDT/ETH/BTC into the WCMD Lightning Interest Liquidity Platform, for example, users deposit 1000USDT to the corresponding machine gun pool of the WCMD platform, the deposit period is 6 months, or deposit 10 ETH to the corresponding The corresponding machine gun pool has a storage period of 1 year, so you can get interest at one time.
For example, if you deposit 1000U for 6 months, the interest is 500U, then the user can get 500U of interest once after depositing, instead of waiting for all these interests for 6 months, this is the WCMD Lightning Interest Liquidity Platform The real difference from traditional finance!
In the same way, the interest of depositing 10 ETH for one year is assumed to be 8 ETH, then users can also get the interest of 8 ETH at one time after depositing, instead of 80% annualized interest like traditional finance Method, interest is paid every day or every month.
On the WCMD platform, interest is issued on the WCMD platform, which means that the more users on the WCMD platform, the more active the transactions on the WCMD platform and the more users who deposit, the more holders of WCMD, namely The greater the value support of WCMD.That is to say, the more holders, the more value support of WCMD, and the higher the price of WCMD. This is the win-win mechanism designed by the WCMD platform. Users and the WCMD platform are win-win.
Flash loan: Flash loan refers to the lightning interest liquidity ecological platform, which means that users can mortgage the encrypted digital assets they hold, and can obtain the total amount of interest due to their fixed deposit time at one time, and the interest will be paid before the market inflation The purchasing power and value are realized.
Credit authorization: Credit authorization means that depositors can delegate their borrowing authority to other users and may get higher interest rates. Credit authorization will be one of the interesting developments because it is a function that enables the entire business to be built on top of it. Someone can use credit authorization to effectively create a new blockfi, and credit authorization can also open the door for WCMD credit cards.
What is the WCMD development plan?
The development plan of WCMD is divided into 3 stages:
V1 stage
WCMD V1 will be launched on WCMD.Finace, a lightning interest liquidity platform.
The lightning interest liquidity platform WCMD means that when users mortgage their encrypted digital assets, they can obtain the total amount of interest that they should receive during the fixed deposit time at one time, that is, the full amount of interest is paid in advance. The WCMD platform will follow the user's requirements Before inflation, the purchasing power and value of the interest that users should receive will be redeemed.
WCMD tokens exist as the interest payment token of the lightning interest liquidity service platform. When users deposit ERC20 tokens supported by platforms such as CMD and ETH, they can get the corresponding one-time interest realized by WCMD according to the time of deposit, and can use them at will.
In the WCMD platform, users deposit assets on WCMD.Finace, and interest will be issued to users in the form of WCMD tokens, and will be released in a manner designed to release 7 antennas.
V2 stage
The WCMD V2 version refers to the upgraded version of WCMD.Finace. At this time, WCMD includes lightning interest payment and lightning loan, which supports deposit and loan business.
The lightning interest liquidity platform WCMD supports loan business, and the launch of loan products is inevitable for its development. Because WCMD is a derivative asset of CMD, and CMD is the world's top distributed storage public chain, miners need to mortgage a certain amount of CMD to obtain block rewards after encapsulating data on the chain.
CMD has set up a linear release rule, which makes CMD miners face a problem, that is, where does the CMD that need to be mortgaged come from? That is, CMD faces the problem of insufficient liquidity.
When the WCMD platform is launched, in addition to supporting the deposit business, the loan business will also improve the liquidity of CMD/WCMD assets, alleviate the problem of insufficient liquidity of miners, and promote the development of the network.
V3 stage
WCMD V2 version refers to the advanced version of WCMD.Finace. At this time, WCMD not only includes lightning interest payment and lightning loan, and supports deposit and loan business, but also includes full support for finance and develops WCMD into a comprehensive decentralization. Financial platform.
When entering the V3 version, WCMD will be committed to building a one-stop encrypted bank to meet the all-round financial needs of funds. Just like in the traditional financial world, large financial institutions cover multi-line businesses in the form of groups, and WCMD will also develop into A large-scale financial group on the chain has launched products such as wealth management, insurance, derivatives, etc. These products will be gradually opened up with the upgrade of the WCMD version.