AUX soon available on PancakeSwap
Yeah! The WAUX BEP20 token is created on the Binance Smart Chain (find the official contract address on the WAUX page: https://auxilium.global/waux), let’s get listed on PancakeSwap!
Yes, we will, but not immediately. Listing on a new exchange without the proper steps of community involvement, marketing, etc. will not lead to the best effects that the listing could have. We want to make the best of this opportunity as we’re sure you want also.
We want to run some things past you — the community — first, and would love to hear your ideas!
Additionally we need to finish some developments before we can hit the ground running.
WAUX <> AUX Swap platform
WAUX tokens should — and can — be at all times swapped for AUX, as WAUX tokens represent AUX on different decentralized exchanges associated with other blockchains. 1 WAUX represents 1 AUX, and can be swapped as such on a swap platform. This swap platform needs to be created, and tested. We’re experienced when it comes to swaps, which proves we’re up for the task.
Supply WAUX tokens
The supply of all WAUX tokens will be 300,000,000. The equivalent of the supply of the AUX coins. The swap platform will never allow the total circulating supply of WAUX to exceed this maximum supply of 300,000,000. For example: if we list multiple tokens on different chains (e.g. Binance, Ethereum) the maximum WAUX on all decentralized exchanges combined will be 300,000,000 tokens or less.
IDO WAUX BEP20 tokens
We’re thinking of holding an Initial DEX Offering (IDO) for WAUX before launching on the decentralized exchange PancakeSwap. We’ll need to provide liquidity (read: we need BNB) once listed in order to create a reasonable starting price, and add a reasonable amount of WAUX to the market.
For instance: if we only provide 1 BNB of liquidity, and we want to start WAUX to trade at 0.01 BNB we can only add 10,000 WAUX to the market. If we’re able to add more WAUX to the market we’re able to have a more stable start price wise.
Price of WAUX BEP20 tokens
The starting price of WAUX will be the average price of the exchanges we’re listed on. In this case Mercatox exchange.
In contrast with some conspiracy theorists within the community, we’re frustrated that the withdrawals/deposits on Mercatox are still not opened up for you. We’ve nothing to gain from the Mercatox wallet being down. We’re sure we can fix it. We’ll not list on PancakeSwap before we’ve fixed this issue, to create a fair playing field.
Marketing, airdrop & referrals
We’ll start a big airdrop & referral campaign before we list on PancakeSwap; to promote the listing and possible IDO.
Listing competition LAToken
LAToken exchange has invited us to participate in a listing competition once we created our BEP20 token. This listing competition gives us the opportunity to list WAUX on LAToken for free!
Check out LAToken on CoinGecko: https://www.coingecko.com/en/exchanges/latoken
Example of listing competition: https://promo.latoken.com//listing-contest
So, in short, you can expect:
1. Swap Platform WAUX <> AUX
2. No increased circulating supply (W)AUX
3. Discussion on IDO, get involved in this discussion!
4. Price WAUX equal to price AUX on Mercatox
5. Reconnect Mercatox exchange wallet
6. WAUX marketing
7. Listing competition WAUX on LAToken
Certain events 1, 2, 4, 5 and 6 will be performed before listing on PancakeSwap.
Listing date PancakeSwap will be announced once we’ve finished proper preparations. Our aim is (of course) to list as soon as possible; this summer.