$WAX Liquidity Generation Event

Photo by Bee Naturalles on Unsplash

Telegram: https://t.me/beeswaxxdai
Site: https://beeswaxxdai.org/
Twitter: https://twitter.com/beeswaxxdai

WAX is inspired by Core’s tokenomics but applied on the xDai chain giving it a juxtaposition of benefits. Utilizing HNY retains liquidity on Honeyswap further growing the platform and provides a farming alternative to the discontinued HNY farming which created sell pressure in conjunction with an inflating supply.

There will only ever be 2400 $WAX tokens which will be distributed during the LGE.

example of LGE timer

🍯 LGE (Liquidity Generation Event)
The duration will be 5 days for the LGE as the timer is seen on the left.

Make sure you are connected to xDAI chain(Link below How To Connect):
https://www.xdaichain.com/for-users/wallets/metamask/metamask-setup

You can participate by contributing HNY to the WAX contract during the LGE. The contributed HNY will be paired with the 2400 WAX tokens and added to Honeyswap where liquidity will be permanently added and the initial price will be set. Contributors will be able to claim their share of liquidity provider tokens when the LGE concludes in which they can farm/stake. Note that once added, liquidity removals are blocked from the Honeyswap pair. This is purposeful not only as a lock of liquidity but creates an ecosystem in which the price floor is raised and hodlers are rewarded.

To earn $WAX rewards, users stake their LP tokens and receive their portion of fees collected by sells. A percentage(~2.4%) of every sell goes to stakers as rewards instead of minting more tokens which increases the supply and dilutes the value of the token.

Telegram: https://t.me/beeswaxxdai
Site: https://beeswaxxdai.org/
Twitter: https://twitter.com/beeswaxxdai