Network: Binance Smart Chain (BSC)
Launch date: October 15, 2021 00:00
Wrapped TREATS is not a new token or an update of TREATS. It is ANOTHER OPTION and is intended to STRENGTHEN OUR LIQUIDITY and INCREASE OUR REACH. Support of ERC677 and ERC2612 token standard.
WTREATS is 1:1 backed with TREATS and everybody can wrap or unwrap their TREATS with our Wrapper. The total supply will NOT INCREASE because WTREATS can only be minted by wrapping. WHEN WRAPPING you GET A DISCOUNT of up to 2% compared to the transaction fee.
For a STRONGER PRICE FLOOR we have added a AUTO LIQUIDITY protocol in WTREATS. AT LEAST 50% of the transaction fee is used for liquidity and THE REST is distributed to holders. Because TREATS does not have auto liquidity, the transaction fee is COMPLETELY USED for TREATS liquidity pool when wrapping.
With WTREATS we get the function to execute swaps via DECENTRALIZED BRIDGES. So everyone can swap their tokens back and forth between the SUPPORTED CHAINS. Only added bridges and our wrapper will be allowed to MINT AND BURN tokens. There is NO FEE when bridging.
Currently live on Polygon and Binance Smart Chain!
It is not necessary to wrap TREATS to WTREATS!