Question: Have you already started the buybacks?
Answer: We will start the buybacks after migration to WCO is fully completed. The community will be made aware when buybacks will be taking place. Labelled wallet addresses will also be available through our website.
Answer: We will start the buybacks after migration to WCO is fully completed. The community will be made aware when buybacks will be taking place. Labelled wallet addresses will also be available through our website.
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Question: When is the 500 million airdrop expected?
Answer: The airdrop will be completed in Jan-Mar’25. The Airdrop will be done directly to Premium account holders.
Answer: The airdrop will be completed in Jan-Mar’25. The Airdrop will be done directly to Premium account holders.
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Dear Community,
We wanted to take a moment to update you on the WTK incident. First, we want to express our heartfelt gratitude for your incredible support during these challenging times—it truly means a lot.
As we progress with our investigation, initial data suggests that around 1.5 billion tokens were bridged, and approximately 1.1 billion tokens were sold on exchanges. Please note that these figures are preliminary, and we will provide more precise information once we've fully migrated to WCO Coin.
We are actively working to reclaim unsold tokens. This will involve initiatives such as blacklisting certain wallets from receiving new WCO and restricting their access on exchanges. Once we reclaim these tokens, they will be identified and allocated for marketing purposes.
In addition, we have announced a 500 million Coin Airdrop and a 1 billion Coin Buyback program for our community, set to launch after WadzChain goes live on Mainnet. These initiatives aim to restore your trust and help us grow as a more resilient community.
We recognize that we could have been more responsive to your feedback in the past, and we are dedicated to improving our communication. To better manage WCO moving forward, we’re implementing new resources and security measures, including Multi Validator Bridges, Marked Wallet Addresses, and a Token Release schedule. We're also launching various community engagement programs to address your concerns promptly. Following the launch of WadzChain on Mainnet, we will be looking into better coin listings.
Thank you for your continued support as we navigate these developments together.
WadzChain Team
We wanted to take a moment to update you on the WTK incident. First, we want to express our heartfelt gratitude for your incredible support during these challenging times—it truly means a lot.
As we progress with our investigation, initial data suggests that around 1.5 billion tokens were bridged, and approximately 1.1 billion tokens were sold on exchanges. Please note that these figures are preliminary, and we will provide more precise information once we've fully migrated to WCO Coin.
We are actively working to reclaim unsold tokens. This will involve initiatives such as blacklisting certain wallets from receiving new WCO and restricting their access on exchanges. Once we reclaim these tokens, they will be identified and allocated for marketing purposes.
In addition, we have announced a 500 million Coin Airdrop and a 1 billion Coin Buyback program for our community, set to launch after WadzChain goes live on Mainnet. These initiatives aim to restore your trust and help us grow as a more resilient community.
We recognize that we could have been more responsive to your feedback in the past, and we are dedicated to improving our communication. To better manage WCO moving forward, we’re implementing new resources and security measures, including Multi Validator Bridges, Marked Wallet Addresses, and a Token Release schedule. We're also launching various community engagement programs to address your concerns promptly. Following the launch of WadzChain on Mainnet, we will be looking into better coin listings.
Thank you for your continued support as we navigate these developments together.
WadzChain Team
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Questions : Hi. Could we get clarification on why the gitbook mentions WADZ tokens but not WCO?
*Answer* The Gitbook documentation might mention "WADZ" tokens instead of "WCO" due to historical references or transitional phases during rebranding. We sincerely thank the community for bringing this to our attention. We are actively working on updating the documentation, and the correct terminology, "WCO," will be reflected in the Version 2 documentation release. Your feedback helps us maintain clarity and improve our communication with the community.
*Answer* The Gitbook documentation might mention "WADZ" tokens instead of "WCO" due to historical references or transitional phases during rebranding. We sincerely thank the community for bringing this to our attention. We are actively working on updating the documentation, and the correct terminology, "WCO," will be reflected in the Version 2 documentation release. Your feedback helps us maintain clarity and improve our communication with the community.
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Question: Are we going to get an audit report for the hack? And clarification on why the team never addressed the supply question over the last 2 years?
Answer: Thankyou for your question. There will be a complete incident report once we have all the facts. In the interim we are keeping you updated with all updates.
We did not anticipate the incident and the way it happened. We do recognize that we could have been more responsive to your feedback in the past. We are taking steps to improve communication, transparency and security.
Answer: Thankyou for your question. There will be a complete incident report once we have all the facts. In the interim we are keeping you updated with all updates.
We did not anticipate the incident and the way it happened. We do recognize that we could have been more responsive to your feedback in the past. We are taking steps to improve communication, transparency and security.
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Questions:Could you provide a timeline for prepaid cards, rewards, and the DeX? Is this happening after the launch of the mainnet? There has been mentions of this over the last couple years. What is the current status on these?
Answer: The team is working tirelessly to ensure we deliver the best solutions for the community. Prepaid cards, rewards programs, and the DEX are part of our strategic initiatives to enhance the WadzChain ecosystem.
We plan to start implementing these features after the Soft Launch on December 20, 2024. Following this, the features will be prepared for public availability post the Commercial Launch on March 20, 2025.
All these initiatives are scheduled to go live latest from Q2 2025. We are committed to providing timely updates and keeping the community informed as we progress. Your continued support and patience mean a lot to us as we work on bringing these exciting developments to life.
Answer: The team is working tirelessly to ensure we deliver the best solutions for the community. Prepaid cards, rewards programs, and the DEX are part of our strategic initiatives to enhance the WadzChain ecosystem.
We plan to start implementing these features after the Soft Launch on December 20, 2024. Following this, the features will be prepared for public availability post the Commercial Launch on March 20, 2025.
All these initiatives are scheduled to go live latest from Q2 2025. We are committed to providing timely updates and keeping the community informed as we progress. Your continued support and patience mean a lot to us as we work on bringing these exciting developments to life.
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Questions:Will it be a security audit on the new contract or will that include something on the hack? In all honesty, if the hack is not addressed professionally, there is no way for us to move forward
Answer: We understand the importance of both the security audit of the new contract and addressing the hack. Rest assured, the new contract has already undergone a thorough security audit to ensure its robustness and compliance with the highest standards. Additionally, exchanges require tokens to be audited before listing, and this process has been successfully completed.
Furthermore, we have already initiated the audit process for our new chain, WadzChain, as part of our commitment to ensuring its security and reliability. The soft launch for WadzChain is scheduled for 20th December 2024, and we are working diligently to meet this milestone.
Audit reports will also be published and made available on our website in due course.
Regarding the hack, we are actively addressing the matter through the appropriate legal channels. Due to the sensitive nature of the investigation, we are currently unable to provide further details. However, we are committed to resolving this issue professionally and will provide updates as soon as possible.
Your continued support and understanding are invaluable as we work to strengthen our ecosystem and address past concerns with transparency and integrity.
Answer: We understand the importance of both the security audit of the new contract and addressing the hack. Rest assured, the new contract has already undergone a thorough security audit to ensure its robustness and compliance with the highest standards. Additionally, exchanges require tokens to be audited before listing, and this process has been successfully completed.
Furthermore, we have already initiated the audit process for our new chain, WadzChain, as part of our commitment to ensuring its security and reliability. The soft launch for WadzChain is scheduled for 20th December 2024, and we are working diligently to meet this milestone.
Audit reports will also be published and made available on our website in due course.
Regarding the hack, we are actively addressing the matter through the appropriate legal channels. Due to the sensitive nature of the investigation, we are currently unable to provide further details. However, we are committed to resolving this issue professionally and will provide updates as soon as possible.
Your continued support and understanding are invaluable as we work to strengthen our ecosystem and address past concerns with transparency and integrity.
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Questions :How many WTK/WCO required to run a validator, what are the requirements? What sort of APY can validators and stakers expect?
Answer: As of now, specific details regarding the minimum amount of WadzCoin (WCO) required to operate a validator node on the WadzChain network, as well as the anticipated Annual Percentage Yield (APY) for validators and stakers, have not been publicly disclosed. The WadzChain team plans to provide comprehensive instructions and information on these aspects following the soft launch scheduled for December 20, 2024.
In the interim, those interested in setting up a non-validator node can refer to the WadzChain HUB documentation, which outlines the necessary system requirements and setup procedures.
For the most accurate and up-to-date information, it is recommended to monitor official WadzChain channels and announcements.
Answer: As of now, specific details regarding the minimum amount of WadzCoin (WCO) required to operate a validator node on the WadzChain network, as well as the anticipated Annual Percentage Yield (APY) for validators and stakers, have not been publicly disclosed. The WadzChain team plans to provide comprehensive instructions and information on these aspects following the soft launch scheduled for December 20, 2024.
In the interim, those interested in setting up a non-validator node can refer to the WadzChain HUB documentation, which outlines the necessary system requirements and setup procedures.
For the most accurate and up-to-date information, it is recommended to monitor official WadzChain channels and announcements.
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Questions:Is WadzChain being built on a polygon fork?
Answer: Yes, WadzChain is being developed as a fork of Polygon's blockchain. This approach allows WadzChain to leverage the robust and scalable infrastructure of Polygon, ensuring compatibility with Ethereum's ecosystem and providing a foundation for building decentralized applications (dApps). By utilizing Polygon's framework, WadzChain aims to offer enhanced scalability, security, and interoperability for its users and developers.
Answer: Yes, WadzChain is being developed as a fork of Polygon's blockchain. This approach allows WadzChain to leverage the robust and scalable infrastructure of Polygon, ensuring compatibility with Ethereum's ecosystem and providing a foundation for building decentralized applications (dApps). By utilizing Polygon's framework, WadzChain aims to offer enhanced scalability, security, and interoperability for its users and developers.
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Questions:What is the value of the new token with the 10X dilution?
Is the snapshot complete? Why haven’t the wallets been labeled yet?
Can we sell our old WTK? I'm assuming if so, if won't affect my WCO balance?
Answer: The recent token swap from WadzPay Token (WTK) to WadzCoin (WCO) was executed at a 1:1 ratio, meaning each WTK was exchanged for one WCO. This swap did not involve a 10x dilution; the total supply and individual holdings remained consistent during the transition.
The snapshot for the token swap was completed on November 3, 2024, at 12:00 AM UTC. Following this, the airdrop of WCO tokens occurred on November 4, 2024.
WCO official wallets will be labelled upon full migration to WCO to be completed by the 20th Dec.
WTK has been fully swapped to WCO, Attempting to sell or transact with old WTK tokens may not be possible and could lead to potential asset loss. It's important to ensure that your tokens have been successfully swapped to WCO and to use the updated tokens for any transactions.
Is the snapshot complete? Why haven’t the wallets been labeled yet?
Can we sell our old WTK? I'm assuming if so, if won't affect my WCO balance?
Answer: The recent token swap from WadzPay Token (WTK) to WadzCoin (WCO) was executed at a 1:1 ratio, meaning each WTK was exchanged for one WCO. This swap did not involve a 10x dilution; the total supply and individual holdings remained consistent during the transition.
The snapshot for the token swap was completed on November 3, 2024, at 12:00 AM UTC. Following this, the airdrop of WCO tokens occurred on November 4, 2024.
WCO official wallets will be labelled upon full migration to WCO to be completed by the 20th Dec.
WTK has been fully swapped to WCO, Attempting to sell or transact with old WTK tokens may not be possible and could lead to potential asset loss. It's important to ensure that your tokens have been successfully swapped to WCO and to use the updated tokens for any transactions.
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Questions:I have still WTK on bsc in Metamask. Every migration I tried, didn't work What can we do or how will it be solved?
Answer : If you still hold WTK tokens on Binance Smart Chain (BSC) in MetaMask and are facing issues with the migration, please follow these steps:
1. Add WCO Tokens to Your Wallet: Follow the steps provided in the official documentation to add WCO tokens to your MetaMask wallet. You can find the detailed instructions here:
WCO Wallet Setup Instructions
2. Check if Migration is Reflected: After adding WCO to your wallet, confirm if the tokens have been successfully migrated and are visible.
3. Raise Your Concerns: If you still face issues after following the steps, kindly raise your concerns by providing the following:
o Screenshots of your MetaMask wallet showing your WTK token balance and the added WCO tokens.
o Details of the migration steps you attempted.
o Any error messages encountered.
4. Contact Support: Share your concerns and screenshots with our support team through the official communication channels or via Support Email id - support-wco@wadzchain.io This will help us address the issue promptly and assist you in resolving the migration problem.
Answer : If you still hold WTK tokens on Binance Smart Chain (BSC) in MetaMask and are facing issues with the migration, please follow these steps:
1. Add WCO Tokens to Your Wallet: Follow the steps provided in the official documentation to add WCO tokens to your MetaMask wallet. You can find the detailed instructions here:
WCO Wallet Setup Instructions
2. Check if Migration is Reflected: After adding WCO to your wallet, confirm if the tokens have been successfully migrated and are visible.
3. Raise Your Concerns: If you still face issues after following the steps, kindly raise your concerns by providing the following:
o Screenshots of your MetaMask wallet showing your WTK token balance and the added WCO tokens.
o Details of the migration steps you attempted.
o Any error messages encountered.
4. Contact Support: Share your concerns and screenshots with our support team through the official communication channels or via Support Email id - support-wco@wadzchain.io This will help us address the issue promptly and assist you in resolving the migration problem.
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Questions:Please tell us how much WCO long-term investors will receive in total for 1 WTK.So how exactly will the 1.5 billion be distributed? For example, if I had 100,000 WTK on October 11th, how much WCO will I get by the end of 2025?
Answer: The tokens will be distributed relative to your holdings on 11th Oct. The distribution plan for the 1.5 billion WCO tokens allocated to long-term investors will be finalized and provided in detail to the community after our Soft Launch on December 20, 2024.
We appreciate your patience and support as we work on delivering a comprehensive and fair plan.
Answer: The tokens will be distributed relative to your holdings on 11th Oct. The distribution plan for the 1.5 billion WCO tokens allocated to long-term investors will be finalized and provided in detail to the community after our Soft Launch on December 20, 2024.
We appreciate your patience and support as we work on delivering a comprehensive and fair plan.
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Questions: There was a blog post with Living on Blockchain. The Podcast was later deleted. Can you explain why?
Answer: The podcast on Living on Blockchain was not posted by us. The podcast was deleted by the author due to comments with foul language by some of the community members on the post.
We understand these are difficult times for all of us. But we also hope we don’t resort to personal attacks and foul language towards each other.
Together we are stronger and we will tide over this setback
Answer: The podcast on Living on Blockchain was not posted by us. The podcast was deleted by the author due to comments with foul language by some of the community members on the post.
We understand these are difficult times for all of us. But we also hope we don’t resort to personal attacks and foul language towards each other.
Together we are stronger and we will tide over this setback
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How do we do ?
We're always striving to improve our support. Please take a moment to share your feedback on our recent assistance through our Telegram Channel. Your honest opinion will helps us shape better.
We're always striving to improve our support. Please take a moment to share your feedback on our recent assistance through our Telegram Channel. Your honest opinion will helps us shape better.
Anonymous Poll
43%
Satisfied 😊
30%
Neutral 😐
28%
Dissatisfied 🙁
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Let us know if you have any further questions or suggestions!
Keep sending your questions for :
WadzChain to support@wadzchain.io
WTK/WCO to support-wco@wadzchain.io
Keep sending your questions for :
WadzChain to support@wadzchain.io
WTK/WCO to support-wco@wadzchain.io
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Join us for a special AMA with the WadzChain team! 🚀
Dive deep into the journey of WadzChain, from its inception to its bright future. Ask your burning questions and learn about the challenges, successes, and the exciting roadmap ahead.
Date: December 3rd, 2024
Time: 6 PM SGT
Platform: Twitter Spaces
Don't miss it!
#WadzChain #AMA #Blockchain #DigitalAssets
Dive deep into the journey of WadzChain, from its inception to its bright future. Ask your burning questions and learn about the challenges, successes, and the exciting roadmap ahead.
Date: December 3rd, 2024
Time: 6 PM SGT
Platform: Twitter Spaces
Don't miss it!
#WadzChain #AMA #Blockchain #DigitalAssets
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Question: WHEN WILL YOU GIVE US A VALID CONTRACT ADDRESS ON XDC NETWORK FOR DCENT WALLET!?
Answer: We would like to apologies for the inconvenience regarding D’cent wallet.
Below is an explanation with all details.
Initially, the XDC network was not EVM-compatible, and its contract addresses started with "xdc". With the recent XDC network's upgrade to support EVM compatibility, contract addresses now follow the standard format beginning with "0x".
For WCO, the contract address is:
EVM-compatible format: 0xd285d62d81d4d57cd1baad503ce71d2149ba2990
Legacy format: xdcd285d62d81d4d57cd1baad503ce71d2149ba2990
Most EVM-compatible wallets, including popular hot and cold wallets, accept the "0x" format.
However, certain wallets, like D'Cent Wallet, currently do not recognize the EVM-compatible format and require the address to start with "xdc".
Kindly use the address xdcd285d62d81d4d57cd1baad503ce71d2149ba2990 to add WCO to your D’cent wallet
For now:
Use 0x for EVM-compatible wallets that support the format.
Use xdc for wallets that still require the legacy format, such as D'Cent Wallet.
We appreciate your patience and understanding as we work towards ensuring a consistent and seamless experience across all wallets and platforms.
Answer: We would like to apologies for the inconvenience regarding D’cent wallet.
Below is an explanation with all details.
Initially, the XDC network was not EVM-compatible, and its contract addresses started with "xdc". With the recent XDC network's upgrade to support EVM compatibility, contract addresses now follow the standard format beginning with "0x".
For WCO, the contract address is:
EVM-compatible format: 0xd285d62d81d4d57cd1baad503ce71d2149ba2990
Legacy format: xdcd285d62d81d4d57cd1baad503ce71d2149ba2990
Most EVM-compatible wallets, including popular hot and cold wallets, accept the "0x" format.
However, certain wallets, like D'Cent Wallet, currently do not recognize the EVM-compatible format and require the address to start with "xdc".
Kindly use the address xdcd285d62d81d4d57cd1baad503ce71d2149ba2990 to add WCO to your D’cent wallet
For now:
Use 0x for EVM-compatible wallets that support the format.
Use xdc for wallets that still require the legacy format, such as D'Cent Wallet.
We appreciate your patience and understanding as we work towards ensuring a consistent and seamless experience across all wallets and platforms.
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Gold vs. Bitcoin: A Tale of Two Assets
While gold has seen a decline, Bitcoin has surged due to its perceived potential as a hedge against inflation and currency devaluation.
As Anish Jain, Founder & CEO of WadzChain, points out, Bitcoin's fixed supply and increasing institutional adoption are key factors driving its growth.
Read the full Article -https://economictimes.indiatimes.com/markets/cryptocurrency/gold-down-bitcoin-up-how-trumps-victory-changed-financial-market-dynamics/articleshow/115404933.cms
#Bitcoin #Gold #Cryptocurrency #Investment #Finance
While gold has seen a decline, Bitcoin has surged due to its perceived potential as a hedge against inflation and currency devaluation.
As Anish Jain, Founder & CEO of WadzChain, points out, Bitcoin's fixed supply and increasing institutional adoption are key factors driving its growth.
Read the full Article -https://economictimes.indiatimes.com/markets/cryptocurrency/gold-down-bitcoin-up-how-trumps-victory-changed-financial-market-dynamics/articleshow/115404933.cms
#Bitcoin #Gold #Cryptocurrency #Investment #Finance
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Question: What should I do with my $WTK tokens? Do they need to be converted to $WCO?
Add WCO Tokens to Your Wallet
Follow the steps provided in the official documentation to add WCO tokens to your MetaMask wallet.
📖WCO Wallet Setup Instructions
Check if Migration is Reflected
After adding WCO to your wallet, confirm that the tokens have been successfully migrated and are visible in your wallet balance.
Raise Your Concerns
If you still face issues after following the steps, please raise your concerns by providing the following details:
Screenshots: Take screenshots of your MetaMask wallet showing:
Your WTK token balance.
The added WCO tokens.s
Details of Steps Attempted: Briefly describe the migration steps you followed.
Error Messages: Share any error messages you encountered during the process.
Contact Support
Share your concerns and the required details with our support team through the following channels:
📧Email: support-wco@wadzchain.io
This will help us address your issue promptly and provide the necessary assistance to resolve any migration problems.
Add WCO Tokens to Your Wallet
Follow the steps provided in the official documentation to add WCO tokens to your MetaMask wallet.
📖WCO Wallet Setup Instructions
Check if Migration is Reflected
After adding WCO to your wallet, confirm that the tokens have been successfully migrated and are visible in your wallet balance.
Raise Your Concerns
If you still face issues after following the steps, please raise your concerns by providing the following details:
Screenshots: Take screenshots of your MetaMask wallet showing:
Your WTK token balance.
The added WCO tokens.s
Details of Steps Attempted: Briefly describe the migration steps you followed.
Error Messages: Share any error messages you encountered during the process.
Contact Support
Share your concerns and the required details with our support team through the following channels:
📧Email: support-wco@wadzchain.io
This will help us address your issue promptly and provide the necessary assistance to resolve any migration problems.
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Question: Can you reach out to Ledger to add WCO support to Ledger Live?
Answer: Thank you for bringing this up! We appreciate your interest and suggestion. We will actively work towards getting WCO supported on Ledger Live and will keep the community updated on the progress. Stay tuned for further announcements! 😊
Answer: Thank you for bringing this up! We appreciate your interest and suggestion. We will actively work towards getting WCO supported on Ledger Live and will keep the community updated on the progress. Stay tuned for further announcements! 😊
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