WX Network is an application based on the Waves blockchain that allows users to trade cryptocurrency, invest in DeFi products, earn passive income, and transfer cryptocurrency. Also., WX Network users can buy cryptocurrency via a bank card and create assets.
Using WX Network, you navigate through the main and additional menus. The main menu - at the top of each tab - is divided into four sections: "Buy Crypto", "Trading", "Investments", "Wallet". An additional menu appears when you hover the cursor over an item on the main menu. Let's take a closer look at each item of the main menu.
The "Wallet" section includes several tabs: "Tokens", "Deposit & Withdrawal Transactions", "Internal Transactions", "Create Token".
The "Tokens" tab provides all the necessary information about the token (name, balance, and more). When you click on any token line, you can see detailed information about it (description, release date, the total amount of the token, and so on). The "Tokens" tab allows you to sort the displayed tokens by 6 filters:
All - displays tokens from the Gateway, DeFi, Community verified;
Gateway - displays tokens that can be transferred to or from another blockchain;
Stablecoins - displays tokens pegged to the fiat currency that can be deposited to the WX.Network account;
LP Tokens - displays tokens of DeFi products such as Liquidity Pools, LP staking, Lambo investments etc.;
Community verify - displays tokens that have passed validation through the community voting;
My Issued Tokens - displays the tokens you released;
Unverified - displays tokens that do not have the status of Gateway, DeFi, or Community Verified.
From the "Tokens" tab, you can navigate to the cryptocurrency deposit/withdrawal interface by clicking on the “Deposit & Withdrawal” button in the top right corner.
The "Deposit & Withdrawal Transactions" tab contains information about all incoming and outgoing transactions from/to the other blockchains. To see detailed information about a transaction (recipient and sender addresses, TX ID, amount, etc.), just click on the line of the required transaction.
The "Internal Transactions" tab contains information about all incoming and outgoing transactions of your account: exchanges, transfers within the Waves blockchain, investing in DeFi products, token creation, etc.
In the “Create Token” tab, the user is prompted to fill out a form to create his own token. To create the token, you just need to specify the name, quantity, description and number of decimal places. You can find a detailed guide on creating a token in the article Token/NFT creation.
WX.Network users can invest cryptocurrency in DeFi products and receive passive income. When you hover over Investments, 5 submenu items will appear - "Liquidity pools", "LP Staking", "WAVES Staking", "Other Products".
"Liquidity pools" are an investment product that allows users to receive passive income by providing liquidity (tokens) to a pool for AMM (Automated Market Making). A liquidity pool is a smart contract with a pair of tokens on its balance (for example, USDT) , that provides liquidity for WX.Network decentralized trading. The liquidity pools facilitate and speed up the trading process by means of AMM (Automated Market Making). The AMM algorithm automatically fills traders' orders by using pools liquidity. AMM controls the proportion of tokens in each pool depending on the price change. If you are interested in investing in Liquidity pools, I recommend you read the detailed instructions - Liquidity pools
"LP Staking" is a DeFi product on the Waves blockchain. The invested cryptocurrency is redirected to DeFi products of the Ethereum ecosystem, e.g. Curve, Uniswap and others. Read this detailed article to know how to invest in LP staking - LP Staking.
"WAVES Staking" earns passive income in Waves for users. Waves staking does not imply the transfer of Waves themselves, but only the rights to use them for mining nodes as a generating balance (Waves do not leave the owner's account). Nodes receive mining rewards and share rewards with those who "gave" them Waves. The Waves staking process is described in detail in the article Staking WAVES.
“Other Products” include Neutrino Pools, Neutrino Staking, Algorithmic Trading, LAMBO Investments.
Neutrino pools - users can invest XTN in Neutrino pools and receive a reward for this in the pool assets (EURN, JPYN, CNYN, TRYN, and others). Check out the article to learn more about investing in Neutrino Pools - Neutrino Pools.
"Neutrino Staking" allows users to receive income for Neutrino assets staking such as XTN, NSBT, EURN, and so on. All Neutrino assets, except NSBT, are pegged to the rate of fiat currency. For example, the XTN asset is pegged to the US dollar rate, the EURN asset is pegged to the Euro rate. How to transfer assets to Neutrino staking can be found in the article Staking XTN Tokens.
"Lambo Investments" is a special algorithmic trading strategy. It allows you to receive about 60% per annum, and gives you the opportunity to win a Lamborghini. For more information on how to win a Lamborghini, see the Lambo Promo article. By choosing this product, you are investing cryptocurrency in algorithmic trading on exchanges such as Bitmex, Binance, Okex, etc. Read more about Lambo investment in this excellent article - Lambo Investments.
Algorithmic Trading is an investment product that allows WX.Network users invest cryptocurrency in algorithmic trading on centralized exchanges such as Bitmex, Binance, Okex, etc. By investing in algorithmic trading, users can choose an acceptable ratio of income and risks: the higher the income level, the higher the level of possible drawdown. Learn how to invest in algorithmic trading by following this step-by-step guide - Investing in algorithmic trading. Please note that this product is currently unavailable for new investments.
The Pools section contains the following items: "Pools", "WX Staking / Boosting", "Dashboard", "Stats", "IDO", "Early Birds".
Please note that the "IDO" and "Early Birds" buttons are only available to those users who have participated in these programs.
Through the "Pools" tab, you can familiarize yourself with the list of existing pools, invest tokens in them, or claim a reward for investment.
The "Dashboard" section displays information about your deposits to pools, current profitability (APY), total income, and the number of LP tokens. In the My Transactions area of the Dashboard section, can be found all invest transactions to the pool and LP tokens staking.
Via the "WX Staking / Boosting" section, you can increase profitability from investing in liquidity pools and check your current gWX balance, the amount of gWX required for boosting, as well as other information about the current and possible profitability.
Also on the tab you can claim WX tokens that were received as a reward for gWX.
The "Stats" section provides statistics on the planned release schedule for WX tokens, the number of released and blocked WX tokens, and the price of WX.
In the "IDO" section, you can claim WX tokens purchased at IDO and view information about the purchased WX tokens.
In the "Early Birds" section, you can claim WX tokens if you invested in liquidity pools before November 25.
The Trading section contains tools that allow you to play on the difference in cryptocurrency rates: "Spot", "Buy with Card", "Other".
The "Spot" tab is a traditional terminal for spot trading, that is, trading with placing buy and sell orders. Just follow this tutorial to set the order on the exchange - Start trading on the WX.Network.
Buy with Card
The WX.Network users have a great option to buy WX, WAVES, BTC, and EGG using a bank card via AdvCash and Mercuryo providers. To do this, just hover over the Buy Crypto and go to the necessary tab (Buy WX or Buy Bitcoin, Buy Waves or Buy EGG). The easiest way to buy cryptocurrency through a card is to follow these step-by-step instructions.
The name of the "DeFo Swap" tab speaks for itself. In this tab, you can exchange ("swap") DeFo tokens, such as EURN, CNYN, RUBN and others to XTN. If you are interested in this product, then you can get to know it better by reading this great article What is DeFo?
We should also mention the "OTC" service. With this service, users can exchange USDT/USDC for XTN (and vice versa) through a smart contract. The minimum exchange amount is 10,000 USDT/USDC. More information about OTC service is in the article.
The WX.Network users can take a part in the development of projects based on the Waves blockchain: vote for the token verification and verification of a liquidity pool with this token, vote for the WX distribution to this pool, and much more. This tab includes three sections: "Token verification", "Pools", "WX Emission Destribution".
The Token Verification section presents tokens whose creators have decided to enlist the support of the community to verify their tokens. Also, here, any WX.Network user who staked WX tokens can vote for the token they like, and the token creator can propose its own token for voting.
The Pools section invites WX.Network users to vote for the pool of the project they are interested in, so that this pool can receive a part of the WX emission.
The pool that has passed the voting for pools is included in the list for voting for the WX Emission Destribution. As a result of this vote, it will become clear what share of the total WX emission will be received by this pool, and hence its contributors. You can read more about voting for emission distribution in the Pools Voting article.
The Proposals section allows the user to vote for or against of mechanics and parameters changes of WX Network products. For a proposal to be accepted, it must reach a quorum and the most votes must be Yes. Find more info about Proposals voting in the article.
The voting procedure will evolve and there will be new opportunities to influence the development of Waves based projects.
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