The Waggle team is dedicated to providing possibilities to the Waggle community. They believe that outsized yields should not be restricted to a selected number of investors. It should be available to those who want to support their favorite projects.
On November 15th, Waggle Network announced their Post-IDO launch feature – Pollinate. Pollinate is the marketplace that will make token sales fair and create the most value for projects listed on Waggle.
Therefore, Waggle wants to help Pollinate’s ecosystem grow, which is a marketplace that makes token sales fairer. It will increase the value of projects listed on Waggle.
Hey Wagglers 🐝
We are excited to announce our Post-IDO launch feature – Pollinate 🍯
Waggle is the dance bees do during pollination, we will be the bees that will bring deals 🍯 from projects 🌻 to the hive (Community) 🫂
Learn more about Pollinate: https://t.co/jyRP2JskBn
— Waggle Network (@wagglenetwork) November 15, 2021
Waggle & Project Pools
The token sales allocations for any project that lists on Waggle are split into two Pollinate Pools:
Waggle Pollinate Pool: WAG Stakers + Newcomers
According to the annoucement, $WAG holders have priority in token sales allocations, where whitelists for Drone and Queen Bees are guaranteed a large allocation amount for the project’s token purchase. As a result, Mini and Worker Bees will have to do social duties. It will boost their chances of becoming whitelisted.
Newcomers who do not want to stake WAG tokens can be on the whitelist. Therefore, they will need to fulfilling social duties in exchange for lottery tickets.
Source: Waggle Network
Project Pollinate Pool: Existing stakers of the project
Also, existing project stakeholders will get token sales allocations as well. The project will list addresses that are currently staking or providing liquidity with their native coins to the Waggle team.
According to the annoucement, depending on their tier on a first-come-first-serve (FCFS) basis, whitelisted winners will be able to purchase tokens. . Waggle is also developing Forage. It is a vesting token trading platform that will allow users to buy vesting tokens if they do not make the whitelist.
Here is a step-by-step guide to participating in Pollinate.
More About Waggle Network
Waggle is a permissionless marketplace for multi-chain token pools and auctions. It allows projects to raise funds in a decentralized ecosystem based on Solana after the IDO.
Users will be able to:
- Engage in community fundraising rounds.
- Have access to possibilities available to institutional players.
Also, Waggle aspires to create a decentralized, efficient, and empowered future.
The native token of Waggle Network is $WAG, where its holders can stake them and gain benefits from platform fees on the top of the community pool. Notably, users will have the option of staking or locking assets for some time. It will boost their yield.
Currently, the price of $WAG is USD 1.38, which has a marketcap of USD 9.9 million and a 24-hour trading volume of USD 346,540. You can buy it at the following exchanges:
Moreover, join us on Telegram to receive free trading signals.
Above all, for more cryptocurrency news, check out the Altcoin Buzz YouTube channel.