A new instrument designed to provide users with passive revenue generation options in the growing DeFi market has been published by the ILCOIN Blockchain project.
Interoperability between the ILCOIN and Ethereum networks is provided by the Wrapped ILCOIN or WILC and relies on crosschain solutions to ensure the availability of liquidity and the production of DeFi applications. WILC tokens can be traded with ILCOIN digital assets at a ration of 1 to 1, enabling holders to connect to the Ethereum network seamlessly and perform transactions on it.
“DeFi is a possibility for the crypto world. We have been voicing for years that decentralization is not only about whether a code is accessible for anyone. Free access is useless if trading works centrally. It is necessary to have Decentralized Exchanges in order for decentralization to become reality. I hope that thanks to DeFi projects, more DEXs will appear on the market, and third-party abuse will be effectively eliminated,” Norbert Goffa, Executive Manager at ILCOIN Blockchain Project.
WILC is an instrument established as a carrier of the liquidity provision system that will allow its holders to contribute their WILC assets to a variety of liquidity pools in 50/50 pairs with such common coins as ETH, DAI or USDT. The donation would enable stakeholders, at 0.3% of the total amount of liquidity they generate, to earn incentives from network transactions. The rewards will be accrued directly to the personal wallets of the holder for immediate disposal.
The WILC token is currently available on the decentralized UniSwap exchange, and in the near future, the ILCOIN development team plans to extend the accessibility scope of WILC to more decentralized exchanges.
“The objective of ILCOIN Development Team in the long run is to create a unique on-chain data storage platform. As an innovative project, we always pursued to create value for our users. 2021 begins promising since after the Age of ILCOIN Retribution we were able to enter the market with WILC in a relatively short time,” as Ramiro Faro Vélez, CEO at SYDYG, stated.
The development team of the ILCOIN Blockchain project has stated that WILC is a vehicle for future technical solutions, and has been made available on several applications, which can be downloaded from https://wilc.finance.
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