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Frequently Asked Questions
WHAT IS WLX-TOKEN?
WLX-TOKEN [WLXT] is the symbolic name for the WaveLengthXash Token. WaveLengthXash is a decentralized blockchain marketplace currency that is gone live on the wavesplatform to disrupt valueless assets, integrate real value to the crypto-space competitively.
WLXT is also the first [one-stop shop] custom token leveraging on wavesplatform to facilitate a number of lightweight business model for valued added services as; LPOS for commodity & service payments, pLPOS Full-node HODLing, DAPPs-QMS, LPOS-SMS payment method amidst others utility purposes as made explicit on our Light-paper…
WHAT IS BLOCKCHAIN?
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer to peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. Mind you blockchain is not a recent technology, it has been invoke since 2007 (over a decade old). Lot of IT folk are just harnessing it profitability now and it changing the world of commerce and the entire global industry with powerful use-cases.
WHAT IS OUR GOAL?
WLXT is set do disrupt valueless asset in the industry along with it ambient community support, trade volume and liquidity. WaveLengthXash is a proven asset to give a valued boost automation to our investments where we (community) controls the price!!!
- As a major niche for WLX-TOKEN, Our LPOS concept (lightweight point of sales) for commodity and service payment is actually lightweight marketplace on the go. It takes away all the hassle of ATM mechanisms, and Pos machines. And reduces the marketplace to a lightweight mechanism that is decentralize to our mobile smartphone.
- Also, our vision is to integrate value to our unique community by connecting everyone who comes in, to real business valuation, and users can HODL for a viable long-term or short. This is going to be achievable with introduction of our pLPOS infrastructure to be set up on the wavesplatform. and by this revenue generation also top priority to us as we intimate community with profit-sharing via our node.
- DAPPS-QMS: This is a Decentralized-App Quick Mobile Service for vending VTU (Airtime and Data). With WLXT, holders of tokens will be able to buy Airtime, Data for personal mobile phones and 3rd parties in their countries and a minimum of 3 major telecom service providers will be integrated starting from Nigeria, Kenya, & Uganda… many more
WHY DOING AIRDROPS?
The WLX-TEAM want as much people to have a pizza of our WLX-Tokens. We want as much people to also take a bold step to acquire the WLX-Tokens not for immediate personal gains only, but also to procure a future. Please see the future pLPOS Full-node for of WAVES mining. It will spice up trade for everyone who succeeds in possessing our tokens. That is why we have budgeted 2.1 million WLX-Tokens for bounty hunters and 500 WLX-Tokens each for the first 5,000 persons who signs up for ITO. This will give you extreme value and puts money in the hands of every community members.
What is total supply of WLXT tokens and will there ever be any more tokens created?
58,000,000 is the total fixed supply of the WLXT Token that will ever be available. Because these tokens are non reissue-able.
WHAT HAPPENS IF SOFT-CAP IS NOT REACHED
- Token Sales has a hard-cap, upon achieving it, and sales will stop and no further contributions will be accepted. The hard cap amount which will be sold in crowdsale is targeted at 5.3Million
- If the Crowdsale campaign does not reach SoftCap (as fixed on lightpaper), knowing that softcap is highly required for full project implementation. Hence, the Dev-team will make Distribution and Lock remaining supply for 5years, during which there will be quaterly releases until Softcap Supply is reached. While the balance for Hardcap will be focusedly use for bounty and contest reward (this is subject to advisory team). VALUE INTEGRATION IS Truly tasky without a softcap. BUT WE ARE COMMITTED TO PROJECT.
WHEN DO I GET MY TOKENS?
Your token will be purchased in the token sales application, from your created account [dashboard] on our secured ITO platform. This is a decentralized process, and the token purchase happens automatically via a smart contract once payment is confirmed. Distribution will be enable later for withdraw, after the ITO
WHY SHOULD I PARTICIPATE IN ITO
Primarily, we are decentralizing a lightweight marketplace. So it will run as wide fire and risk free. Unlike banks and local merchant who are heavyweight, centralized & risky. WLX-Token is decentralized (not centralized) and not responsible to governments. We add value to our investors through our pLPOS Fullnode mining advantage for our HODLers, through Waves currency profit sharing, and other future mining assets like Dash. We are also implement Lpos SMS payment method as our full-scale marketplace standard. We will have a fast growing community. Check out our Light-paper & white-paper to see how our use cases are better explained.