PRICE RELEASE On the 11th November 2021, Welnance will launch its first Lao cryptocurrency and decentralized product. It is a DeFi protocol built upon Binance Smart Chain. Youlnance is a decentralized financial platform that’s aimed at promoting financial freedom and choices for people around the world by offering fast, secure, reliable financial products and services to customers.
WelnanceIt is below the Phousy GroupThis company is one of six authorized by Laos government to mine and trade cryptocurrencies. Since 1997, the company has taken part in many business ventures in Laos. In 2009, The company’s total assets increased to over $3 billion and today it has skyrocketed. Phousy Group Portfolio comprises road and bridge construction, architecture & design, petroleum, irrigation system, mining, hydropower, and import/export, hotel, transportation, and grindstone factory. It’s home to over 1000 employees operating in a friendly environment.
Welnance Finance offers Decentralized Exchange, Staking and Yield-Farming Pools. It also has other future features, such as Lottery Lucky Drawing, rewards and, most importantly, the Official Welnance token. Welnance uses blockchain technology to connect with the Digital World and disrupt financial services and systems where wealth can be accessible for everyone.
Jom Sichanthalath CEO at Welnance appears quite positive about De Fi’s original product.
“I firmly believe that Welnance will be a modern, centralized financial system with a complete ecosystem to help push Laos internationally and to use the Blockchain system to move Laos out of the least developed countries by 2030. I hope everyone will support this project and achieve this reality”
The Binance Smart Chain protocol Welnance establishes money market, which are assets pools with algorithmically calculated interest rates. These rates are determined based on supply and demand. Suppliers and borrowers of an asset can interact directly with the protocol to earn (and repay) a floating rate without needing to negotiate terms like maturity, interest, collateral, or other terms with peers or counterparties. A Welnance asset has a money market that is specific to it. This could be BNB, BUSD or Augur. The ledger contains transparent information and can be inspected by the public. What’s more, it allows users to transact at any time and anywhere in the world with fast, secure, and low cost transactions thereby facilitating a high return on investment.
The Welnance protocol is unlike other peer-to–peer platforms or exchanges. It aggregates all users’ supply. Assets that are supplied by users become fungible resources. It encourages liquidity. Users have the ability to withdraw assets any time they want, regardless of when a loan matures. What’s more, participants with long-term investments in Ether and token can utilize a Welnance money market as a source of additional returns on their investment. All assets belonging to Welnance Protocol are subject to the BEP-20 standard.
You can stake the WEL token native token and earn additional tokens by farmeding in Welnance Pools. WEL token holders, also known as WELers, are permitted to propose and make contributions for the future platform changes.
20% of additional supply is allocated for platform development teams, R&D, and marketing and Investors. 80% is for the general public, such as Defi, Exchange, public service and other public entities.
5% — Developer Team
3% — R&D
1% — Marketing
10% — Investors
80% — Community
The Welnance Finance
Welnance Finance, a Decentralized Finance (DeFi), algorithmic money market and synthetic stabilitycoin protocol is built on the Binance Smart Chain. It’s a legal and reliable project for financial freedom where users can earn rewards instantly when supplying and borrowing cryptocurrencies.
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