Hello everyone. It has been over a week since we have launched. We had a crazy time springing to 4$ and dropping to $0.40, but we are holding strong! In this medium post, we will be talking about the future of WaterDeFi and answering some questions.
We will also be talking about the dApp concept and what it is going to be like.
First of all, we want to clear up some misconceptions about this project. No, it is not a meme coin or a pump n’ dump. It is a real project with projected use cases.
What has happened?
Since we have launched, the following things have happened:
- All-Time High of >$4 and MarketCap of over $3,000,000!
- New Subreddit & YouTube
- Start of Rebranding
- Audit by Telescr. in
- Mini-audit by BscCheckers
- Launch on BscBombs
- Multiple Marketing Videos
- Community Marketing & Shilling
- Airdrops and Giveaways
What now?
After a great launch, some are thinking everything is over, but they cannot be more wrong. These are some of the things we have in stock in the future:
- Marketing Developments
- Team Organisation
- dApp Development
- Charity Initiative
Marketing Developments
The marketing team is actively looking for great marketing opportunities that can help grow the project and give it more exposure.
In the future, we are looking to do multiple Marketing Partnerships and possibly contact agencies directly. Current proposals are being looked at. The idea of listing on exchanges has also caught our eye, we have taken the community suggestions in mind and have started speaking to WhiteBIT about a possible future listing, nothing is confirmed yet.
Farming Partnerships are still on the bar and have not been done yet as we are waiting until our marketing fund can manage such an investment, just like our proposed CertiK audit, we have done a Telescr.in audit until then.
We have split our Marketing fund into two parts since the launch. The Internal and External marketing funds. The external fund is always kept in a stable staking pool while the internal fund is kept in $WATER tokens.
The internal fund is used for Airdrops and Indirect Marketing Payments and our external fund will be used to pay staff and future listings and partnerships without affecting the price of $WATER. We are looking to balance out our funds and add more to our external fund so we don’t have such an impact when selling $WATER for marketing fund reasons. By doing this, we can also buy more $WATER in emergencies.
The WaterDeFi team is planning to do a Referral Programme which would include a Telegram bot and top referrers can earn up to 150$ per week! Stay tuned for more updates on this matter. We are hoping to release something like this within the next few weeks.
Other Info: Soon we will release a Facebook Page. Rebranding should take ~1 week. Everything is the same except a name change from Water Finance to WaterDeFi and a new Logo Design.
Team Organisation
At the moment, we are trying to organize a proper community team for marketing and management. The team has tried its best to make a successful launch and we have thought that a more organized approach would benefit us greatly in the long term.
We are discussing taking in different Marketing Teams to support our project. We appreciate all the work everyone has put in for the community.
There have been some concerns with the official team being anonymous. We can confirm that we have given thought to turn public but we yet have to come to a final conclusion. One of our team members, Suneet Kotecha, has come out to the public so far.
The reason we have not come out as public from the start is to protect our identity and personal lives. We have no intention of doing anything negative to the community, this is why we have taken these comments into consideration. We will give an update in the future on this matter.
dApp Development
This is one of the biggest things we are anticipating for the future of WaterDeFi! We are expecting a release around Q2-Q3 of 2021. This is what we are expecting to be in store for the community:
- The second token will be named $ICE. This token can only be minted at a decreasing ratio by burning $WATER. $ICE is currently expected to have a 1% Transaction Burn Fee however we are thinking of becoming a bit more philanthropic and may split or increase to fit a Charity Fee! ($ICE is also semi-deflationary (Supply generated is theoretically limited to the amount of $WATER burned and the ratio will continually decrease as the supply of $ICE goes up.)
- $ICE will complete our aim to create a double-sided farming ecosystem. The idea is that $WATER is frictionless and $ICE is not. You will be able to stake $ICE to farm other Startup Projects which can be voted in via DAO (Decentralised Autonomous Organisation).
- We are planning to integrate some form of NFT Marketplace only on the $WATER side of the ecosystem. This will either be using generated NFT’s or community-made NFT’s which are approved by DAO or the community and launched by us. WaterDeFi is trying to create an exclusive double-sided ecosystem. You won’t be able to do the same things using $WATER that you can when using $ICE and vice-versa!
- The team had an idea to include some form of compensation for the transactions, for example on the NFT Marketplace, we may do something to compensate users for the 10% transaction fee. This is not final and we are still discussing the benefits and potential impacts.
Charity Initiative
Last week, a community charity initiative has started and we can confirm that we will be taking part as we believe it can also grant us more exposure in the future and can be good for our project aims.
In the near future, we are looking to start a charity fund from which we will receive donations and provide a stable release to a few chosen charities and charitable funds related to our token, for example, water filtration.
No, this will not affect the price of the token almost at all as we will keep the selling of the token to a minimum by only releasing a “stable” amount per day. Donations will keep this “stability” going for as long as possible to provide funding for charities.
We believe that this could give us exposure to non-crypto-based communities and create partnerships through this philanthropic aspect.
Social Media
Website: https://waterdefi.com/
Twitter: https://twitter.com/waterdefi/
Telegram: https://t.me/waterdefichat/
