Our team is assessing the possibilities and studying the legalities and regulatory considerations around this idea. This is our plan forwards and as part of our policies, we are keen on ensuring that we are clear on all regulatory matters before we take any action, so stay tuned and here is our plan of action:
UNIQUE DEFI TOKEN, FOR THE CROWD'S WEALTH
We understand that for Holders, buying TWFTs would initially be done on pancake swap, we want to own this process so we will create our Protocol’s own crypto wallets , which will give the satisfaction and peace of mind to the holders.
We will provide payment gateways that will provide online vendors and freelancers a means to receive their revenues.
We will be offering a variety of cashbacks and rewards.
The exchange platform will enable preliminary crypto trading, before gradually liaising with other institutions to accommodate other tokenised asset classes.
Providing a DeFi Launchpad on our exchange to facilitate the IDOs of new DeFi token.
Offering prepaid Visa® debit cards, allowing users to spend their crypto currencies.
IInitiating an investment fund to enhance wealth creation.
This will be a unique service we will be adding to our Protocol, wealth and asset management and advisory services open for businesses and individuals.
Please reach us at info@twft.io if you cannot find an answer to your question.
The Wealth Protocol ® is a community-based initiative to organize and empower crowdfunding and create DeFi opportunities for wealth creation in the blockchain chain arena. The Wealth Funding Token (TWFT) has been launched to garner support for this idea.
The Wealth Protocol aims to provide wealth creation opportunities to a vast majority of people and businesses that have always been ignored and downplayed by the current financial system. We aim to give a clean, ethical and transparent solution to the complex financial problems of the modern world. We believe that all brilliant ideas deserve investment. Through our business model, we persevere to provide an exemplary financial system to the world.
There are two use cases:
1. The token will be used as application token for underlying projects under the banner of The Wealth Protocol ®.
2. The token will be gradually redeemed in exchange for ownership stake in the project.
TWFT can be bought through Pancake Swap, by exchanging BNB against TWFT. Please use the buying link available on the home page.
The wealth Protocol ® is open and transparent about the risks the token holders could face. Among many, we have listed down some main risks that every token buyer should be vary of:
Operational risk: This can be anything from system failure, to hacking etc. There have been several cases of wallets getting hacked, we advise you to have strong passwords and log off from DAPPs whenever you are done with your transactions.
Liquidity risk: Very common with new tokens, there is often a high slippage cost involved when exchanging a coin for a token. We advise that buyers adjust the buying/selling volume according to the available liquidity in the market.
Market risk: Once the tokens are listed on public domain, they are exposed to the market forces of demand and supply, making the token prices volatile. We advise to not trade for the sake of trading and especially TWFTs are meant to be held for longer periods to avail the best value.
Project failure: Very critical risk, projects can fail due to lack of funding, regulatory breaches, litigations, team crisis, product failure etc. Like any existing business, TWFT also carries similar risk. We advise you to diversify your investments.
Regulatory risk: Currently since TWFT does not interact with fiat currency, we are not under the scope of regulation. However, we cannot predict how global and local regulation might evolve and how this can potentially affect / benefit the TWFT and the DeFI / Crypto market. When applicable we will comply with all applicable rules and regulations.
TWFT is supposed to create value from following:
1. Returns from The Wealth Protocol ® projects.
2. Returns from investments pool which will be invested alongside the projects. Investment returns include capital appreciation and any income.
3. The burning of excess tokens.
As long as we are raising cryptos against the Tokens we are not under any regulations. The moment we switch over to receiving legal tenders from any jurisdiction (a.k.a fiat money), then we will be obliged to follow the regulations of that jurisdiction. We are aware of the Lawsuit faced by Ripple, Safemoon and couple others, and we are also aware of how Ethereum had avoided this by not touching fiat.
Gradually when we enter the realm of fiat space, we will have to abide by regulations. our team is working on setting up legal organisation structures in tax friendly jurisdictions so we are well prepared for the time we start meddling with the current financial system.
The Wealth Protocol ® is a community-based initiative to organize and empower crowdfunding and create DeFi opportunities for wealth creation in the blockchain chain arena. The Wealth Funding Token (TWFT) has been launched to garner support for this idea.
The Token has reflections embedded in the smart contract, 10% transaction fees, 6% fees is for the redistribution to holders and 4% is directed for the liquidity pool. The tokens are in limited supply, no minting allowed and burns will be discretionary, based on the achievement of various milestones across the road map.his item.
Other than reflections, there will be airdrops, value appreciations by means of value creating activities identified across phase 1 - 4, token burns and various rewards under way.
This existing website has been created solely for the promotion of TWFT. After gauging interests we will provide a date of launch of The Wealth Protocol activities, presented through a separate domain. Hence the launch date is to be decided.
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