What is Wise?

Wise is a unique product that brings a revolution to the concept of traditional banking and earning interest on deposits by using blockchain technology. Wise allows you to be your own bank, with BOTH interest earned from depositing and price appreciation from the token being paid directly to your pocket. Transacted through the most widely used Ethereum, Wise allows you to earn the rewards directly from inflation instead of through a middleman like a bank. The Wise system is made as safe as possible by being fully backed by the Ethereum paid into it and as a result, will always have that intrinsic value. This makes it the first potentially appreciating crypto-backed asset, which is comparable to the now-abandoned Gold Standard of traditional Fiat currency.

Why is Wise better than the current financial system?

With the traditional economy, money is printed by a central power such as the Federal Reserve System in America (who are privately owned with a board of governors), which then decide how much your money is worth at certain times. If they print more money, the value of your currency will be worthless. When they print, this money is transacted through a small group of powerful banks, who use your collateral as a reason to receive more cash and become more profitable for themselves. The banks trickle down a tiny amount to you to compensate for your cash deposit, often locking you in for longer times and worse rates each year, and put your assets at risk of being devalued due to inflation. Wise defeats this inefficiency by directly paying YOU the interest, similar to how the Federal Reserve System gives the banks the printed money. You can earn a lot more because inflation is now making you richer instead of going to the bank. The wise staking system lets you decide when and how long exactly to lock in your money, allowing you the opportunity to adjust your strategy according to the market. Wise removes the middleman and distributes the wealth equally through its smart contract system and lets the value of your money work for you only.

Is my investment safe with Wise?

Wise is safe and similar to gold in that when you purchase a rare asset but cannot receive the physical gold bar, a “note of promise” is issued to you that is backed up by actual physical gold bars as collateral. At any time, you can exchange this note of promise for the actual physical gold bar for your convenience. In the late 1800’s, gold became the physical asset that backed the currencies of many countries such as Germany and the United States and became what is known as the Gold Standard. With Wise, the tokens are fully backed with a 1-to-1 ratio note of promise of Ethereum, one of the most valuable and growing assets in cryptocurrency. The Wise prelaunch ensured that 96% of all Ethereum raised went to reserve storage of secure Ethereum with no owner, allowing access to exchange Wise for Ethereum at any time by the token holders. The smart contract technology ensures that all trades from Wise to Ethereum will be executed without the interference of outside manipulation. With the value-backed Ethereum storage system in Wise, any time you wish to purchase or sell tokens, you can do it quickly and easily through this secure pool. This gives your tokens 24/7 real value backed by a trusted digital asset at any point in time.

How does it work?

Unlike traditional banking products, thanks to the open nature of blockchain, all collateral Ethereum deposited to Wise is stored in a decentralized pool where it cannot be removed or manipulated by human intervention. Since blockchain technology is public and available for all to verify, the Wise system allows you to participate in an anonymous manner by just using a blockchain wallet. No identity verification is needed, making the process very efficient. Since this system guarantees no special privileges for any group, all have the same access to the pool at the same time and allows the value of Wise to be purely determined by the free market. It is possibly one of the fairest and opportunistic products to existing in the cryptocurrency world.

How do I earn with Wise?

Earning with Wise is simple, and there are multiple ways. One way is that you will earn from the interest by depositing and locking up your Wise tokens. When someone deposits their Wise token to lock up and remove it from circulation, it is called staking. Since the system rewards more for people who stake longer, the reduced supply will push up the prices, allowing your Wise token to appreciate at price. Since the interest earned from staking is directly paid in Wise tokens, you can also see an increase in the dollar value of your interest alongside your capital gains during a stake duration. Not only do you earn from price appreciation, but your interest also receives price appreciation, allowing for larger profits. Wise pays you interest for being your own bank, giving you ultimate control of your future finances instead of having to pay fees to a middleman who will also give you a much smaller share than you deserve.

Summary

Wise removes the middleman and allows you to earn directly from the market. It is decentralized and has no single point of failure or infiltration. It is a complete product, meaning the core code cannot be changed and is fully backed by trustless collateral of Ethereum. The innovation that is Wise token allows you to take control of your finances and places you in a position of power that is usually reserved only for an elite group in the traditional financial world. With the power of blockchain technology in the cryptocurrency world, this re-distribution of power to an individual’s personal finance is made possible. With the unique nature of Wise, we may expect the price to grow at least 10 times the price within 1 year of launch — but it is more likely that the price will grow many times more than that.

Find out more details about WISE here:

Whitepaper: https://wisetoken.me/docs

Telegram: https://t.me/WiseToken

Youtube: https://www.youtube.com/channel/UCkrhXAz9MIpCARoZ0SeibDA