Wayki-X is a decentralized synthetic asset issuance system developed based on the WikiChain public chain.
ROG is the core asset of Wayki-X. Wayki-X is the decentralized synthetic asset protocol of WaykiChain. ROG holders can guarantee the minting of xUSD stablecoin and become shareholders of the system, thus obtaining additional ROG rewards through system inflation. They can provide xUSD to synthetic currency traders and earn trading fees based on their debt ratio, as well as a share of the net revenue from the entire trading market. ROG stakers need to repay all xUSD debts to redeem their staked ROG. Traders can use xUSD to synthesize other assets, including cryptocurrencies, US and Hong Kong stocks, commodities, and gold.
ROG is the core token in Wayki-X, the decentralized synthetic asset protocol of WikiChain. ROG holders can use it to stake and synthesize xUSD stablecoins, which can then be provided to synthetic asset trading users. They will receive a share of the newly issued ROG from the system and the xUSD in the trading rewards pool, as well as a share of the net revenue generated by the entire trading market, based on their debt ratio. ROG stakers need to repay all xUSD debts to redeem their staked ROG. Trading users can use xUSD to synthesize other assets, including crypto assets, US and Hong Kong stocks, commodities, and gold. Currently, spot trading of synthetic assets is available, and futures contracts and other derivatives will be launched in the future. Both ROG and xUSD can be traded on Wayki-DEX.
ROG will be officially launched on September 25th. The emergence of ROG will completely open up WikiChains DeFi ecosystem. ROG links WICC and WRBT, complies with the current “new coin mining” model, and is a key part of Wayki-X, the decentralized synthetic asset protocol of WikiChain, opening up the synthetic asset market.
ROG is not an isolated digital token. It is not only supported by the decentralized synthetic asset protocol Wayki-X, but also closely related to the entire DeFi ecosystem of WikiChain, forming an unbreakable value network and thus receiving comprehensive support from WikiChains DeFi ecosystem.
ROG does not have a crowdfunding, pre-mining, or team allocation. It can only be obtained through WICC or WGRT staking mining during the genesis period, truly belonging to the community. This not only allows every WICC and WGRT holder to get ROG for free, but also closely links ROG with WICC and WGRT, mainly reflected in:
(1) Stake WICC / WGRT to get ROG, thus giving ROG a corresponding value anchor.
(2) Staking WICC / WGRT will reduce their market circulation, which will help expand the value space of WICC and WGRT.