$ 3.86 USD
$ 3.86 USD
$ 18.912 million USD
$ 18.912m USD
$ 1.509 million USD
$ 1.509m USD
$ 8.489 million USD
$ 8.489m USD
4.85 million WING
Issue Time
2000-01-01
Platform pertained to
--
Current coin price
$3.86USD
Market Cap
$18.912mUSD
Volume of Transaction
24h
$1.509mUSD
Circulating supply
4.85mWING
Volume of Transaction
7d
$8.489mUSD
Change
24h
-3.67%
Number of Markets
64
More
Warehouse
Wing Wu
Github's IP Address
[Copy]
Codebase Size
2
Last Updated Time
2020-12-28 06:14:51
Language Involved
--
Agreement
--
Current Rate0
0.00USD
3H
+1.57%
1D
-3.67%
1W
+4.93%
1M
-34.45%
1Y
-57.96%
All
-95.82%
Aspect | Information |
Short Name | WING |
Full Name | Wing |
Founded Year | 2020 |
Main Founders | Ontology Team |
Support Exchanges | Binance, OKEx |
Storage Wallet | Metamask, Trust Wallet |
Wing, often referred to as WING, is a kind of digital cryptocurrency. The token was launched in 2020 by the Ontology Team with a vision to facilitate decentralized financial services. WING is supported by numerous cryptocurrency exchanges, including major ones like Binance and OKEx. This empowers users to trade and transact Wings from various platforms conveniently. For secure storage of Wings, cryptocurrency wallets such as Metamask and Trust Wallet can be employed. It is essential for users to keep up with latest developments, perform thorough research, and be informed about the potential risks when engaging with cryptocurrencies like WING.
Pros | Cons |
Supported by major exchanges | Relatively new in the market |
Developed by known entity (Ontology Team) | Limited track record for performance |
Facilitates decentralized financial services | Market stability depends on adoption and regulatory risk |
Can be stored in popular crypto wallets | Cryptocurrency market volatility risks |
Over the coming decades,WING's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $63.96 and $82.37.In 2040, our forcast suggests WING could reach a peak price of $103.46,with a potential minimum around $44.38.Looking ahead to 2050, technical analysis indicates that WING's price could range from $0.2437 to $397.90,with an estimated average trading price of about $306.80.
WING differentiates itself through its focus on creating a decentralized credit-based platform. The credit-based nature of the platform requires a different approach compared with standard cryptocurrencies, as it requires a system for gauging the creditworthiness of individuals and organizations. To address this, Wing has innovated in its use of decentralized identity technology (DeID), allowing for credit assessment while maintaining user privacy.
The Wing plays a crucial part in this ecosystem as a governance token - allowing holders to vote on key decisions, for instance, adjusting the credit evaluation model, which can directly affect the operation of the DeFi system. This differentiates WING from many other cryptocurrencies which do not provide their users with an active governance role.
Additionally, Wing has also implemented an insurance pool to reduce the risk of asset volatility, an ongoing issue in other cryptocurrency markets.
However, it's key to note that these innovations and practices also bring with them their unique sets of challenges and risks, such as potential smart contract vulnerabilities, volatile token prices, and regulatory hurdles. Each of these factors may influence the performance and stability of the Wing.
WING operates on a credit-based, decentralized finance model, notable for the emphasis it places on real-world creditworthiness as well as stake-based creditworthiness. Wing's unique feature lies in its use of decentralized identity technology (DeID) and credit-based lending protocol, which offers a novel way to evaluate credit scores in the blockchain domain, while maintaining user privacy.
In its working mode, WING uses its credit-based services to make decentralized lending more accessible and less risky for participants. By integrating DeID into their system, Wing can assess the creditworthiness of participants in a decentralized manner, which can help reduce the risk of defaults.
WING's functionality doesn't stop at the credit model but also includes an insurance pool and a governance structure. The insurance pool is designed to protect against unexpected volatility in the market, providing an additional layer of risk mitigation.
Governance is another crucial part of the Wing's functionality, with token holders given the right to vote on critical platform decisions, including changes to the credit evaluation model. This method of governance allows for democratic decision-making within the platform and further distinguishes WING.
It should be noted that while these systems have been designed with the aim of providing a stable, secure, and efficient operational model for WING, they are nonetheless subject to inherent risks present in blockchain technologies such as market volatility, coding vulnerabilities, and regulatory challenges.
The price of WING has fluctuated significantly since its launch. In early 2022, the price reached a high of over $1,500 per token. However, the price has since fallen to around $100 per token. This is likely due to a combination of factors, including the overall decline in the cryptocurrency market, the high supply of WING tokens, and the lack of interest from exchanges and other businesses.
The total circulating supply of WING is currently around 21 million tokens. This is the total number of tokens that have been minted and are currently in circulation.
WING does not have a mining cap. This means that there is no maximum number of WING tokens that can ever be minted. However, the minting of WING tokens is limited to the issuance of new loans and the collection of interest payments on existing loans.
1. Binance: This is one of the largest global cryptocurrency exchanges, and it supports WING trading. Trading pairs include WING/USDT (Tether), WING/BTC (Bitcoin), and WING/BNB (Binance Coin).
2. OKEx: This is another leading cryptocurrency exchange that supports WING trading. Trading pairs on OKEx include WING/USDT, WING/BTC, and WING/ETH (Ethereum).
3. Huobi: Huobi, another major exchange, also supports WING, with trading pairs that include WING/USDT, WING/BTC, and WING/ETH.
4. Gate.io: This exchange supports WING trading, and WING/USDT as its trading pair.
5. Uniswap: This is a decentralized exchange on the Ethereum network. It supports WING trading with pairs such as WING/ETH.
6. Sushiswap: Another decentralized exchange that operates on Ethereum, it offers WING/ETH trading pair.
7. 1inch: This decentralized exchange aggregator supports the trading of WING/ETH pair.
8. Poloniex: This well-known exchange supports WING with the WING/USDT trading pair.
9. Balancer: It is a decentralized exchange on the Ethereum platform that allows for trading of WING with different Ethereum-based tokens.
10. MXC: This exchange supports trading of WING. The platform supports the WING/USDT pair.
Remember, while these exchanges provide a platform for trading WING, users should carefully consider factors like security measures, platform reputation, transaction fees, and regional restrictions before choosing an exchange.
Storing Wings, like any cryptocurrency, requires a digital wallet that supports the particular token. Two types of wallets are typically used for storing cryptocurrencies: hot wallets and cold wallets.
Hot wallets are connected to the internet and allow easy and quick access to your tokens. Examples of hot wallets that support WING are Metamask and Trust Wallet. Metamask is a browser extension wallet that also offers a mobile app, while Trust Wallet is primarily a mobile wallet supporting numerous tokens. These wallets allow users to send, receive, and store their Wings conveniently. However, they may be vulnerable to online threats due to their constant internet connection.
On the other hand, cold wallets, also known as hardware wallets, store tokens offline on a physical device, such as a USB drive. They are considered more secure as they are less susceptible to online hacking attempts. Examples of hardware wallets include Ledger and Trezor. However, as of my last update in September 2021, to know the hardware wallets that officially support Wings, it is best to check directly on their website or directly with Wing's official channels.
Keep in mind, regardless of the chosen wallet, it is crucial to secure your wallet and its backup phrase or private keys. Losing these can result in permanent loss of access to the tokens. It is also strongly recommended to use wallets from trusted sources to mitigate the risks of scams or unauthorized transactions.
WING, being a cryptocurrency focusing on decentralized finance (DeFi) and credit-based lending services, may be suitable for a variety of individuals based on their interest in crypto investment or active participation in DeFi activities. That said, suitability always depends on an individual's financial situation, risk tolerance, investment goals, and understanding of cryptocurrencies.
1. Crypto Investors: Those who are already immersed in the world of cryptocurrencies may find WING an interesting addition to their portfolio. These individuals may be familiar with the volatility and potential returns in crypto investing and may have the capacity to analyze the prospects of WING.
2. DeFi Enthusiasts: WING's focus on decentralized credit-based services makes it potentially appealing to individuals versed in DeFi, who are interested in a broader range of DeFi services.
3. Governance Participation: Individuals interested in the democratic governance of crypto ecosystems may need to hold Wings to have voting rights within the Wing platform.
Professional advice to potential buyers:
1. Do Your Research: Crypto assets can be very volatile and pose potential risks. Always make sure to research different cryptocurrencies, including WING, before making any investment decisions. Understand WING's use cases, its roadmap, the team behind it, and its market performance.
2. Understand the Market: The value of cryptocurrencies can fluctuate greatly, so it's crucial to understand the market dynamics before investing.
3. Risk Management: Only invest what you are willing and able to lose. It's important to diversify your investment and not put all your eggs in one basket.
4. Secure Storage: When obtaining WING or any other crypto, ensure you have secure storage such as a reliable digital wallet. Learn how to manage digital wallet keys properly and avoid fraudulent schemes.
5. Compliance: Ensure you understand and comply with regional regulations regarding the purchase, trading, and holding of cryptocurrencies. Some jurisdictions may have restrictions or requirements.
6. Stay Updated: The crypto market evolves very quickly, and changes can happen overnight. Stay updated with news regarding WING and the crypto market in general.
This advice should not be mistaken for financial advice and only serves as general guidance. Consulting a financial advisor or a professional before venturing into crypto investments is highly suggested.
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