Wonderland Volta Club: Abandoning the obsolete 3-token framework and laying out a basic, secure and updated convention: Volta Club!
Volta Club, operating as a DAO, is devoted to championing crypto/web 3.0 protocols and directing its treasury resources to emerging projects. Through the adoption of advanced treasury management strategies, the organization aspires to achieve substantial capital growth, always striving to exceed market expectations.
On the 28th of August 2023, the transition from Wonderland to Volta Club heralded the introduction of a new token built using the LayerZero OFT technology. This move was taken to fortify the project's security and elevate its functionality across four chains: Ethereum, Avalanche, Fantom, and Arbitrum One.
The Multichain debacle highlighted the immediate need for this transition. The incident posed a considerable security threat to the DAO and stranded its holders within chains, rendering them unable to bridge and deploy their tokens effectively.
For those holding the now-obsolete wMEMO tokens, a mechanism has been established to transition to the primary Volta token at a fixed rate of 1:330. This transition is effortlessly facilitated through the Volta Club's app on each respective chain where wMEMO tokens reside. Once migrated, users can bridge their tokens with ease using the Volta Club app across all four supported chains.
A max supply of 1,000,000 Volta tokens has been set to cater to the migration across all four chains, and no additional tokens will be minted. To ensure the 1:330 exchange rate against the 1,000,000 Volta cap, Wonderland conducted buybacks and wMEMO tokens were intentionally burned pre-launch.
Volta Club regularly conducts market buybacks and token burns. This strategy ensures that the token's value genuinely represents the collective's accomplishments.
The live Volta Club price today is $93.52 USD with a 24-hour trading volume of $40,379.98 USD. We update our VOLTA to USD price in real-time. Volta Club is down 0.23% in the last 24 hours. The current CoinMarketCap ranking is #3408, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000 VOLTA coins.
Go to "My Dashboard" and pull out your wMEMO. Amassed rewards are not impacted and there is compelling reason need to vest. Circled positions might should be removed and reimbursed in various exchanges. If it's not too much trouble, be aware of wellbeing factor during loosen up of circled positions or on the other hand on the off chance that you involved your wMEMO as security. To stay away from liquidation risk we suggest a Wellbeing Variable well above 1.1. After effectively moving to VOLTA essentially re-store your tokens.
Volta Finance is a way for you to keep your crypto and still be able to spend its value. That means you're able to mint VOLT without having to sell your crypto assets, and do so at 0% interest.
Volta Finance is an overcollateralized stablecoin protocol, meant to offer native stablecoin minting for Arbitrum (more chains in the future). It is self-sustaining, community-governed, and decentralized. Loans are secured by always having more value locked than the amount of debt given out.
Volta CLub is an overcollateralized stablecoin protocol that allows users to borrow stablecoins (VOLT) against the value of their decentralized token collaterals. Minting occurs through loans, denomimated in VOLT. All loans have 0% interest, meaning the value of the related debt does not change over time. A 0.5% repayment fee is charged when debt positions are repaid.