Wand Investments Protocol Launch

Name: Wand Investments Protocol Launch
Start: 2022-09-02
End: 2022-09-02
Location: BSC

Wand Investments aims to provide low risk, medium gain investment options, facilitated via a dual-token model – a token ever increasing in price and a reflection token.

DETAILS

$SCEPTER is the ever-increasing token; its price will only increase
$BATON is the reflection token; hold it and receive increasing amounts of USDC rewards every week
$WAND is the internal token; for protocol’s use as collateral on lending platforms
$SCEPTER can only be bought from or sold on the WAND dApp
$SCEPTER is backed by a treasury of digital assets (mostly stablecoins) and the backing price is designed to increase in value when bought, sold, or nobody buys or sells it
Holders of $SCEPTER benefit from its price appreciation
$SCEPTER can be swapped 1:1 for $BATON on the WAND dApp
For each $BATON, a $SCEPTER is burnt; decreasing its circulating supply and increasing the backing price
Holders of $BATON benefit from $USDC reflections from profits generated from treasury investments
$USDC rewards can then be compounded into more $BATON
For each $SCEPTER bought, $WAND is minted, and is used by the protocol as collateral to increase the treasury value by borrowing stablecoins against it and investing
The protocol invests its treasuries in low to medium risk investments to support the protocol tokens

Whitepaper

None found