### What is Wise?

Wise refers to the cryptocurrency known as Wise Token (WISE). It is an ERC-20 token built on the Ethereum blockchain, designed to provide secure and efficient financial services through blockchain technology. Wise Token offers a decentralised platform that allows users to trade cryptocurrencies, securely store funds, and perform transactions with ease.

### How does Wise work?

Wise operates on the Ethereum blockchain, utilising smart contracts to facilitate its core functionalities. As an ERC-20 token, it adheres to the Ethereum standard, enabling interoperability with other applications and tokens on the network. Wise employs smart contracts to manage staking, liquidity transformation, and referral systems. This structure allows users to participate in staking to earn interest, as well as engage in liquidity provision for the token's ecosystem.

### What are the potential use cases for Wise?

Wise Token can be utilised in various financial contexts, including:

- **Arbitrage and Transactions**: Fast and low-cost transactions make Wise Token suitable for arbitrage and cross-border payments.
- **Decentralised Finance (DeFi)**: Wise can be integrated into DeFi platforms for decentralised trading and lending services.
- **Financial Inclusion**: Providing financial services to underserved populations through microloans and secure payment solutions.

### What is the history of Wise?

The history of Wise Token began with its founder, Peter Girr, who was inspired by the volatility and dynamics of the cryptocurrency market. He aimed to develop an asset-backed cryptocurrency with limited downside risk, leveraging a pool of assets as a backing. Since its inception, Wise Token has been listed on various exchanges, expanding its market presence and accessibility to users. The project was significantly discussed in 2021, with a focus on its decentralised approach and asset backing .

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