Every once in a while, a new platform emerges in the defi space, that aims to bridge traditional and decentralized finance.
WeFi is one such platforms, with its position as the first permissionless and borderless digital bank.
According to its official Twitter Page, WeFi is the first on-chain non-custodial neobank in the world.
Think of it as a platform that combines blockchain, DeFi and traditional finance principles to provide secure and accessible finance for everyone.
It is on a mission to redefine global finance, and offers services like non-custodial bank accounts, crypto cards, and a powerful blockchain infrastructure to back it all up.
How WeFi is Reshaping Banking For Everyone
At its core, WeFi aims to change how regular users access financial services.
One of its main missions is to create a world where everyone—regardless of their location or wealth status—can access financial services with ease.
It does this by replacing outdated financial systems with decentralized on-chain kiosks.
This helps to provide a smart, inclusive and adaptable banking model to make the world a true global village.
The platform has plans to launch in jurisdictions like Dubai, Europe, Southeast Asia, and Central Asia.
It already has a wave of over 35,000 early adopters, who are currently on its waiting list. The intense growth WeFi has achieved so far, has captured the attention of many users.
What’s the role of $WFI Token ?
The $WFI token serves as the heart of WeFi’s ecosystem.
It will launch first on Binance’s smart chain, but will then migrate to WeChain. WeFi’s native blockchain—where it will power everything from transaction fees to AI-driven services.
According to the platform’s official Telegram channel, the $WFI token will be used to settle:
- Transaction Fees: Where it will act as a payment medium within the ecosystem.
- Collateral and Liquidity: By giving users access to banking services and the ability to earn through liquidity pools.
- Staking Rewards: Token holders will also be able to stake their $WFI for additional rewards.
- Mining Rewards: $WFI will be the main mechanism for rewarding users who operate its proprietary ITO nodes.
Some more exclusive benefits of the $WFI token is that it will generally enhance user experience within WeFi’s Neobank services.
The overall token supply is capped at 1 billion tokens, along with a mining-only distribution model that keeps it deflationary for long-term value.
A Peek Inside the WeFi Ecosystem
WeFi, being such a powerful service, will be built on three solid pillars, including:
Its ITO Platform: A community-driven fundraising model that makes sure that $WFI tokens are distributed fairly and transparently to mining participants.
The WeChain Blockchain: This is the core of the product, and is responsible for maintaining cross-chain compatibility, decentralized applications, and keeping the infrastructure scalable.
Neobank Services: This third and final pillar offers services like remittance kiosks, non-custodial accounts, crypto cards, and a stable token (called $WUSD) to WeFi’s large and growing user base.
Keep in mind that the ITO (The Initial Technology Offering) model was made as an improvement to token launches—where users can mine $WFI tokens, contribute to WeFi’s infrastructure, and earn referral rewards.
A Powerful Team Behind This DeFi Infra
With a great mission comes great responsibility.
WeFi, being the powerful service that it is, is led by seasoned professions from all around the financial and blockchain industries.
Some of them include:
- Agne Linge who was the former CEO of Binance Lithuania as its CEO
- Roman Rossov, the former Product Director at Wise as its Product Director
- Velin Vlasev, who was a former Product Owner at PXP Financial as its Head of Payments
- Joachim von Schantz as its CTO after serving in similar capacity at Mash
- Jad Zaouk, the former director at Vontobel as its Head of Development and Partnerships.
The combined experience and expertise of these individuals only shows WeFi’s commitment to credibility and innovation.
Revolutionizing the DeFi Space?
WeFi stands out as a trend setter when it comes to digital banking.
This is a result of its DeFi/Trad-Fi blend, the power of its $WFI token and its commitment to accessibility.
WeFi is up and ready to completely change how we engage with Finance, and for those seeking a future-ready banking solution:
This service offers a massive opportunity to join the financial revolution.
