WEREWOLF COIN (WWC) — Initial Bonding Curve Offering Announcement
We are glad to announce Werewolf coin IBCO with its 1st generation WOLF Token launched on 22nd January 2021 to build successful Werewolf Token economics. We welcome all users to participate in the Werewolf’s IBCO program to support the development of the Werewolf DeFi ecosystem and earn more rewards and incentives through the investments.
Werewolf is a DeFi ecosystem driven by the community
Werewolf coin Initial Bonding Curve Offering (Wolf Token)
Initial Bonding Curve Offering participants will be able to invest Ethereum (ETH) in the official website https://werewolf.exchange and receive the WOLF Token to their wallet immediately.
In the Werewolf IBCO when you buy a token, each subsequent buyer will have to pay a slightly higher price for each WOLF token. As more individuals are interested in the project and start investing in the WOLF token, the value of each token progressively increases along the bonding curve. This gives you the first-mover advantage.
The cost of each WOLF token is settled by the bonding curve which depends on the total supply of the token and reserve ratio, and whatever Ethereum is paid into the curve or contract to buy Wolf token, this is deposited or stored in the BCO.
Wolf Token is the Standard ERC-20 Token smart contract with Name, symbol, and initial supply function with collateral Ethereum to mint more Wolf Token in the market supply.
• Unlimited supply: There is no limit to the number of Wolf tokens that can be minted through a contract.
• Predetermined price: The buy and sell price of Wolf tokens increases and decreases with the number of tokens minted and burned, respectively.
• Wolf token price. The price of token n is less than token n+1 and more than token n-1.
• Instant liquidity. Tokens can be bought or sold instantaneously at any time, the bonding curve acts as an automated market maker. The bonding curve contract performs as the counterparty of the transaction and continuously holds enough ETH (Liquidity) in reserve to buy the WOLF tokens back. So, users don’t have to worry about their locked liquidity.
Wolf Token Details:
Name: Wolf token
Initial Supply: 721000
Initial Price: ~ $0.0018
Contract Address: 0x7F13Dbb949C48f2A377FA4Db4f2d5221eCBF3dF9
Bonding curve offering
A bonding curve is a mathematical curve that defines a relationship between price and token supply. Bonding curve offering is a smart contract created to give tokens a market by making buy and sell functions. To buy WOLF tokens, the user needs to send Ethereum (ETH) to the born (Mint) function (with this function Wolves are taking birth) which calculates the average price of the token determined by the smart contract by following the linear curve formula. The sell function works in reverse: first, the user needs to take the bonding contract with permission to take the number of tokens you want to sell (ERC20.approve() ), and then you trigger the function to take those tokens from the user. The contract will calculate the current average selling price, and the user will send the correct amount of Ethereum (ETH) to your wallet. Token prices increase and decrease as they are purchased and sold from the contract, respectively.
This Werewolf IBCO helps investors to gain governance over the Defi ecosystem, the Werewolf IBCO smart contract algorithm allows to create an Automatic Market Maker (AMM) and remaining 100% collateralized at all times. Bonding curve participants can essentially buy and sell tokens back at any time at Werewolf official website (https://werewolf.exchange), for a fair and transparent means of distributing governance rights.
Steps to participate in IBCO:
1. Visit Werewolf Decentralized official website, which is https://werewolf.exchange
2. Connect your Metamask wallet to the Werewolf Defi interface.
3. Enter the amount of Ethereum(ETH), you want to deposit to buy WOLF Token.
4. Click on Buy Wolf Token and submit the transaction in Metamask and wait for the transaction confirmation.
5. Cheers! You have successfully participated in the Werewolf IBCO, and WOLF will be transferred to your wallet address.
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