What Is Wojak Finance (WOJ)?

Wojak Finance (WOJ) is a decentralized platform that seeks to educate people about risk management and trading in cryptocurrency and help them earn. The platform also aims to act as a charity token by providing emergency funds to people who have been victims of crypto scams or have been through loss in crypto due to a lack of awareness. According to the whitepaper, the platform aims to transform the community of cryptocurrency traders into a charity ecosystem. Such an ecosystem may benefit the new and traditional traders in decentralized finance (DeFi) space. Moreover, for users who complete their education course, the platform rewards them with non-fungible tokens (NFTs). Users can trade these NFTs to earn profits. 

The users can apply for compensation from the community. The compensation amount may be received after community members thoroughly analyze the application. Also, the applicant must abide by certain conditions, like the applicant can’t trade for at least three months and can’t reapply for the next two months. Besides, the applicant who has received funds must also dedicate time to gather knowledge about cryptocurrency. Presently, the users receive compensation on a manual basis, but soon the platform plans to turn the manual process into a decentralized autonomous organization (DAO) through WOJ governance. 

$WOJ is the native token of the Wojak Finance platform that runs on the Binance Smart Chain (BSC). Binance Smart Chain (BSC) is a blockchain that improves the functionality of smart contracts and the compatibility of Ethereum-compatible programs. The $WOJ charity token seeks to offer several benefits and rewards to the holders. Token holders can utilize $WOJ to pay the transaction fee and incentivize participation. Also, users can expect rewards when they hold or donate $WOJ. Users can use these rewards and redeem $WOJ into any other cryptocurrency.

According to the whitepaper, as soon as the platform launches Wojak DAO, $WOJ will also function as a governance token. This will give $WOJ holders the right to vote to finalize any decision in the community. If a token holder doesn’t wish to utilize their voting right, they may delegate their right to another user.

Wojak Finance plans to burn 50% of the total token supply to reduce the supply of $WOJ. Burning the tokens means removing tokens from circulation while reducing the total supply. 

History of Wojak Finance (WOJ)

The Wojak Finance platform has a maximum total supply of 50 billion.