Wowoo has announced that it will launch a year-long WWB token swap campaign on March 23.
According to the announcement, Wowoo will conduct the WWB-NEP5 to WWB-ERC20 token swap and offer a lockup campaign through the Wowoo Portal (DEX) from March 23, 2020 to March 23, 2021 as it is migrating the WWB token from the NEO platform to Ethereum.
The lockup terms and interest are the following:
- 3 months – 1.00%
- 6 months – 3.00% (+ partner token)
- 9 months – 7.50% (+ partner token)
Wowoo noted that the token swap is a one-time-only offer, meaning users will no longer be able to join the program again after making a decision on the application. Users’ lockup will also begin on the same day they participate in the lockup campaign.
To participate in the token swap, users are required to either sync the private key of their wallet address that stores WWB-NEP5 or restore their HD wallet account.
Wowoo will also be holding a lotto campaign where users who will join the lockup campaign in the first month and be able to lock more than 100,000 WWB have the chance to win ETH.
The lockup amount, number of winners, and ETH prize of the lotto campaign are as follows:
- Minimum of 100,000 WWB – maximum of 499,999 WWB – 50 winners will receive 0.10 ETH
- Minimum of 500,000 WWB – maximum of 999,999 WWB – 30 winners will receive 0.50 ETH
- Minimum of 1,000,000 WWB – maximum of 4,999,999 wwb – 20 winners will receive 1.50 ETH
- Minimum of 5000000 – 10 winners will receive 10 ETH
The lotto campaign will run from March 23 to April 23.
Wowoo added that it will release the Wowoo Portal soon.
For more details about the WWB token swap, read here: https://wowoonet.com/pdf/token_swap_manual.pdf
This campaign is not a solicitation for investment in any terms. Anyone that would like to participate in the campaign should carefully weigh the risks, costs and benefits of joining the program at their own responsibility. You are advised to read the details carefully in full, and perform due diligence before joining the campaign.
Feature photo from Pixabay