Hong Kong-based blockchain team Waykichain will launch its stable coin the WUSD later this year as the company ramps up efforts to disrupt the stable coin market and provide a unique offering to investors.
As well as being able to buy the token on an exchange, people will be able to pledge WaykiChain’s WICC token to receive WUSD.
https://twitter.com/wayki_chain/status/1140438126285824000Pledging will help maintain the blockchain while at the same time allowing investors to earn WUSD for their efforts.
A spokesman for WaykiChain said:
“The release of WUSD adds a very practical and extensive application scenario to WaykiChain ecosystem, which can effectively improve the value of WICC. In addition, in terms of publicity, the promotion of the WUSD stable coin will also increase the world's awareness and understanding of WaykiChain.”
Games and dAppsThe WUSD stable coin, will be pegged one-to-one to the US dollar, and will be integrated into WaykiChain’s network to make it the de facto currency for buying and using decentralized apps (dApps) on the blockchain.
Playing games, such as Wayki Legend, or Wayki Paradise – which was poached from blockchain rival Tron – on WaykiChain, will allow users to earn credits that they can the transfer into WUSD, and then use elsewhere in the crypto ecosystem.
As the WaykiChain blockchain develops all dApp users will become WUSD users, with the stable coin eventually supporting the whole chain’s infrastructure for decentralized applications
Unique:WUSD’s unique selling point, and the one that makes it stand out from competitors, is that it is built on the bottom layer of WaykiChain’s public blockchain.
Many other stable coins use smart contracts for their stable coins, which makes development updates slow and unwieldy to implement, but using the base layer of the blockchain means the WaykiChain team can update and develop the system quickly and easily, with no impact on users.
To find out more about WaykiChain and the WUSD, visit:
www.waykichain.com
