Token Liquidity Generation Event — WSSS — sBridge
Simple Software Solutions is thrilled to announce the official date of the WSSS token ‘Liquidity Generation Event’ 01st December 2020 10:00am UTC.
The proceeds from this Event will be used for the initial liquidity on Uniswap along with project development funds.
SSS has joined the ‘Wrapped’ token application platform and will use WSSS as its token name. This development brings much needed interoperability. A cross-chain bridge named sBridge will be built so SSS holders will be able to lock SSS into the cross-chain protocol and claim WSSS. By doing so, users will be able to trade WSSS on Uniswap thereby allowing them to interact with the Ethereum ecosystem and provide liquidity to WSSS. The sBridge will commence as soon as WSSS has been launched on Uniswap according to our 2021 roadmap.
Every WSSS will be asset backed with SSS at a 5:1 ratio, unlike BTC and WBTC being at 1:1. The initial supply being made available to public are asset backed in an SSS custodial address (Locked Pre-mine).
The sBridge will allow seamless asset swaps to current and new holders of both SSS and WSSS and the ability to interact with Ethereum Ecosystem using various DeFi toolsets. WSSS will allow you provide liquidity on Uniswap in which you will be rewarded a percentage for every transaction. One point to note is when tokens/coins are being swapped and locked into the protocol it will add to the total value locked of each coin/token.
SSS is one of the first projects that has announced it’s intention to enter the Ethereum space having a staking and masternode (SSS Node) background, further enhancing it’s reputation.
Token Distribution
Total Supply: 2,800,000
Liquidity Generation Event: 125,000
Liquidity Generation Event:
Old Softcap: 20 ETH
New Softcap: 15 ETH
Hardcap: 50 ETH
Min Eth: 0.1 ETH
Max Eth: 5 ETH
Uniswap Liquidity: 60% Locked
Project Development: 40%
WSSS Price:
Liquidity Generation Event Price: 0.0004 ETH
Uniswap Launch Price: 0.0005 ETH (Now changed to 0.22 USDT due to ETH growth)
Asset Backing:
SSS:WSSS 5:1
Presale: https://presale.sssolutions.io
