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