IDO CHALLENGE -- Win $500 Worth of Votes for your STEEM posts
Since the beginning of our WOX Contract Deployment on block #36590652 We officially Started our Project to go public . Though We still have time for the original Product Launch which is a OHM DAO Fork on the TRON Network And PanCakeSwap Fork that will back our DAO as well with utilizing Different Cross Chain Bridges to take WoxFi (World Of Xpilar Finance ) aka DeFi2.0 we have heard many suggestions and also found out different problems we steem users actually have.
I personally Experienced one Strange Problem in our own Community is that we are so much into making posts about arts , pictures and blah blah in steem that majority of the WOX Community members found it tough to use the Defi System (SunSwap) . We are around 470 members in WOX Community but yet our discord is silent and boring , the trade volume is silent and boring (Are we just here to post and earn , don't we wanna learn ?)
Few users have shared their experience by making posts about how to trade WOX Tokens and how to use SunSwap under #wox-exchange . And while you are reading this (i bet most people might not even read this , @xpilar will give a vote here and that's all ) .
But guys this does not ends here , yes DeFi can be tough for first time , but i want to let you know that it's the future , we are all here for freedom of speech , freedom of finance yet we use custodial wallets . Don't we ever wanna change , Why not Just Dump Binance and use PanCakeSwap , why not dump polonix and use JustSwap ?
Now the above questions answer is we cant convert ETH to BNB or STEEM TO BTC without these Exchanges . Not to make it wrong This is what we call cross chain bridges and this is what we are going to achieve in WoxFi .
I wrote a Detailed Post on What WOXDAO is (linked here) . I did not see any comments if anyone was confused about it .
To make it Short , I want you guys to lear DeFi as much as possible because if not , you will lack a major skill in coming days on Crypto Finances , See how we used to be 10 years back and see what has happened to us . We should expect the same in coming days so let's be prepared .
I am organizing a Contest where any members of Steem Can participate and win . I am gonna select 5 Winners and give their post $100 worth of upvote using bidvote , and purchased votes from postpromotor upmewhale and other bots .
The contest is super easy . You use sunswap and buy WOX Tokens and Supply those tokens to the POOL . Record the process either screen shot or video (does not matters) With a clear view of your TRON Address . Also include your tron address in the post , Tag the post with #woxfi . I will select Random post and vote your post , and i believe @xpilar will also give those posts a good vote from the trail .
What will this solve ?
1st - You will be confident to use sunswap from next time .
2nd - WoxFi will get some momentum .
Apart from the vote you will also get More WOX tokens from my side.
The WOX Market has almost $7K Liquidity with more than 50K TRX pooled in .
The Sunswap Link for the token is Linked here .
There are many posts that can guide you how to just browse through the tag #wox-exchange
If you haven't followed our twitter yet , Please do , Follow and Retweet our tweets . https://twitter.com/Woxdefi20
Please join our discord : https://discord.gg/gcDKzWTeyv
yeah I guess you´re right with your thoughts, a lot of people aren´t aware of whats coming up in the next few years in the financiial markets globaly, said that means in the crypto universe there will be huge changes in handling money.
Unfortunatelly the process itself in and on sun-swap isn´t self explaining, for instance if you only want to put in a small portion of TRX maybe 500 or 1000 the fees grab a lot of that swap, and when you like to put the swapped WOX into the pool you lose another huge portion of those WOX.
Also the exchange rates TRX to WOX and WOX to TRX are not what one can expect when looking on the price !
If I pay at the actual rate for one WOX this price:
1 WOX = 4.2806 TRX($0.2911)
...and you will sell on the same time (just to compare it) one WOX this might be nearly 4 TRX right ?
That is actually only working with 1 WOX, with 10 WOX you will lose money 10 WOX isn´t 4,x TRX, its 3,33 TRX (for each WOX), and with 100 WOX you lose even more its 1,18 TRX fro each WOX.
And hey for 1000 WOX you will get 0,158 for each WOX look here on the screenprint :
and when I remember it well when I was swapping in some 1000 TRX to WOX it wasn´t better there is a lot of loss inside the transactions .
I guess there must be a much clever way to put in liquidity in the pool, without spending thousands of TRX for bringing in poor quantites of WOX ;)
Or maybe I´ve missed out the trick @wox-exchange ?
first thing .. you are on V1 ,, you need to be on V2 . second is like steem TRON is a DPOS chain ,,so if you don't wanna waste tron on burning fees then you need to stake trx for energy and bandwith . so that you don't waste trx burns for fees ..
hope this helps
#woxfi
You are absolutely right!
The fees for a small swap are too high. Unless you have enough energy from staking TRX.
Especially because you need TRX and WOX to add to the LP.
thank you for your reply @moecki, I learned from one other comment from tomoyan that I used the wrong Version for the calc and the swaps hehe very funny, but at least still the fees are to high, and for sure you had to gain a lot of steem for having enough to get returns on staking the additional TRX because the rate is very lousy, very very lousy ;)
I think you are using SunSwap V1 which has no liquidity. You should use V2
hehe thank you @tomoyan you´re right there the loss ins´t that bad its that simple when you know in wich corner to look ;)
https://steemit.com/hive-185836/@penyaircyber/langkah-menukar-trx-dengan-token-wox-or-wox-exchange-indonesian-english-tutorial-or-wox-tron
thats 11 days ago post .. the competition is now .. you
Yes. This is my first posting about this topic. I will write about next experience. I have to try before writing.
I think that one of the reasons for the low activity is the New Year and Christmas holidays. Family matters require special attention.
I myself have still not been able to find enough time to deal with this issue. If everything is more or less clear to me with the Binance exchange, then here I see something new, which I have not tried yet.
I think it would be useful to have a few lessons from the founder of the project on the first steps in this new direction for many.
its 8th jan already -- New year and Christmas has passed i think ,, i know holidays are long in some parts of the world .
There are many tutorials on steem itself on how to use sunswap ,, maybe try browsing through #wox-exchange
Yes, thanks, I have already solved half of the question. I now have TRX in my TronLink wallet to exchange for WOX.
Moreover, I already know how to exchange one for another, but there was a problem ... I cannot find the password for the TronLink wallet :-)
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The simplest thing is to complicate things, a habit of small users like me. We always avoid it. Their desire is always to earn. Even after that, if you can always welcome your efforts, I will feel blessed.
You have a good point in your statement that says "we need to stay Updated, so as to be relevant in the coming future" but the truth is that, i can sense improvement days ago with discord server group, there people could express their difficulties and they could get help in order to smooth the process of using sunswap, even myself intended to swap tron to WOX token but you know what? The whole process confusing coz I was using phone or something! Later i had discussion with @xpilar then he direct me to a post to be of help/guide the process...
Suggestion:
I want to believe people will get in track as soon as they understand "how to use" if Update could be posted and pinned like this; I am sure things will change!
Post on "how to use"how to buy/swap" those update will help alot!..
About the discord silence! I think a Topic need to be raise for others to contribute-in, remember some are conversation starter, some are top commenters, we need to work on that; someone who could help people with their difficulties.... Hopefully you understand my suggestion.
Keep up the good work.
Regards 😊
@davidad
That's really a great contest.
I will try to use Sunswap as I am not technically good in all this i will take help of my husband.
Can you please share a link to know how to use this sunswap
I think I do my best but I don't really understand what I do :D
I followed one of the tutorial and voilà !
Greetings my friend @wox-exchange
As you rightly say, it is important to get fully into understanding the management of these platforms, even more so, when there is so much diversity of tokens with good performance possibilities and that can only be obtained in these exchange channels.
WOX promises good dividends, I hope it gets the support it deserves.
That is why i am doing this Competition , People might get inspired and at least practice to use sunswap.. once you do that ,, majority of DEX's Are same thing ..
hoping to see a good response on this .. Then my plans are to do daily lessons on defi practices
#woxfi
I think your idea is excellent,
Wow this is great. If not for your post I wasn’t aware wow has it’s own tokens. I would try to be to submit my entry for the contest.