Wisdomise Chooses LCX For $WSDM Compliant Token Sale
kwa LCX Team · January 31, 2024
We’re delighted to formally announce that LCX will be conducting the $WSDM Token Sale, adhering to all regulatory requirements governing token sales. This sale is scheduled to take place on the LCX platform, offering investors a seamless and secure environment to acquire $WSDM, the versatile service token for Wisdomise.
Wisdomise is democratizing wealth creation and using AI for financial intelligence and investment. We’re excited about this partnership with Wisdomise to issue $WSDM tokens,” said LCX’s CEO Monty Metzger
At Wisdomise (as a Swiss-regulated company), we are super delighted to have LCX on-boarded as a trusted, regulated ecosystem partner, supporting us through our token game. This partnership is a testimonial of the mutual excitement and confidence of the two parties, who believe in the profound impact-generating future of AI within Web3. It’s just the beginning of this inevitable revolution together. Dr.Fardad Zand- Co-founder & CEO at Wisdomise
The $WSDM token sale will be managed by LCX’s Token Sale Manager, which will include knowing your customer (KYC), anti-money laundering in accordance with investor onboarding, and blockchain analytics (KYT) standards. Wisdomise manages the $WSDM token sale in a compliant manner by leveraging LCX’s extensive token sale manager and crypto compliance suite. Wisdomise’s private and public sale rounds are being handled by LCX.
As the official token issuer and token sale manager for $WSDM, LCX will plan the legal factors and register the sale with the regulator. In conformance with our registration with the Financial Market Authority and regulatory approvals, we are managing several key aspects of the token sale. The white paper, terms of the $WSDM token sale, and an independent legal opinion from a credible law firm categorizing the $WSDM token as a multi-utility service token will be included in the notification to the regulator.
Wisdomise
Wisdomise is an all-in-one, AI-powered platform offering users curated intelligence and exposure to investment opportunities in digital assets (to begin with) and later other financial markets. Achieving this goal will be one step ahead to “democratizing wealth creation”, improving financial inclusion globally, and making everyone a better investor. At Wisdomise, we know that this is a big vision and needs the support of the community of our users and ecosystem partners to achieve it.
WSDM Token
As a multi-utility service token, WSDM turns Wisdomise into an evolving ecosystem (of partners) from its initial platform structure. The below table summarizes the key utilities of the WSDM token (and we keep listening to the voice of our community and adding to this list).
|
Category |
Utility |
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Staking Rewards |
Instead of paying for Wisdomise’s subscriptions, token holders can opt to stake a minimum number of $WSDM tokens (depending on the subscription tier of interest) and enjoy free access for as long as they hold up their stake |
|
Reduced Charges |
Token holders benefit from reduced trading fees, API access fees, and other payable services (B2C and B2B) of the platform |
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Exclusive Access |
With a minimum number of tokens, $WSDM holders enjoy early (and usually exclusive) access to new releases, advanced features, premium strategies, and specific components of the Wisdomise platform (and, potentially, its ecosystem partners) |
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Private Channels |
With a minimum number of tokens, users and community members benefit from certain, privileged channels and events, such as private events, investment talks, pro newsletters including weekly market watch, and invite-only channels |
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Loss Protection |
As an insurance mechanism, users can stake (and/or pay) a certain number of $WSDM tokens (in tiers) and enable some sort of (partial) loss recovery on their passive investments |
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Protocol Fees |
When/if Wisdomise becomes an open protocol with third-party developers building (d)Apps on it, $WSDM will be used as the main (and potentially only) currency for the payment of the protocol fees |
To learn more about Wisdomise and $WSDM visit – https://wisdomise.com/en
Disclaimer: This content contains forward-looking statements that involve inherent risks and uncertainties, and we might not be able to achieve the predictions, forecasts, projections and other outcomes we describe or imply in forward-looking statements. A number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates, and intentions we express in these forward-looking statements and in other public filings and press releases. We may not achieve all of the expected benefits of our strategic initiatives and partnerships. Factors beyond our control, including but not limited to the market and economic conditions, changes in laws, rules or regulations and other market challenges, could limit our ability to achieve some or all of the expected benefits of these initiatives. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money, particularly if you trade on leverage. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose.
Legal Disclosure: LCX is a regulated entity and gained regulatory approvals as a token generator, token issuer, exchange service provider, price service provider and other legal roles according to the Liechtenstein blockchain act. LCX is acting as a trusted technology service provider for this token sale. LCX and Monty Metzger are closely involved in getting compensation and fees paid in the project token and other assets. From time to time we will engage in transactions of our own tokens.