Wise Token (WISE) is a decentralized finance (DeFi) platform built on the Ethereumblockchain. The platform aims to educate and enter the world of cryptocurrency for WISE users giving them a safe and exciting place to understand and trade digital assets. Using the WISE platform, users can easily stake, lend, and earn incentives for creating a liquidity pool. 

The platform aims to be a truly decentralized and asset-backed cryptocurrency. Asset-backed cryptocurrency means as the DeFi continues to gain value in the market, so do the users’ stakes. In fact, by becoming asset-backed crypto, the WISE platform seeks to set new ethical and equitable standards wherein the WISE users can have a highly secure value store and enjoyable experience while trading in the crypto market. 

Further, the WISE platform aims to provide unique features for its users such as:

WISE abbreviation for Wise Token is an ERC-20 accommodating smart contract developed for deployment on the Ethereum blockchain. The core purpose of the Wise token is staking, wherein users can earn rewards on time deposits called stakes. Since the token creates automatic liquidity in the market, the platform has no set token supply.

According to the whitepaper, the WISE platform is backed by Ethereum blockchain and has a price floor in ETH. In simple words, backed by Ethereum means two forces affect the value of WISE: the value of ETH vs. traditional currency and the second is value of WISE vs. ETH which is affected by the trade on Uniswap. Thus, when Ethereum backs WISE, any changes in the market conditions of the native token do not impact the value of ETH, however, help the WISE holders get some amount of ETH back. 

The Wise token had set up a nonprofit foundation in February 2020. Peter Girr, the CEO, and his team contributed toward the mainnet launch of the WISE contract on October 8, 2020. Later, on November 30, 2020, the WISE whitepaper was published, authored by Aaron Hanson. 

We update our Wise Token to GBP currency in real-time. Get the live price of Wise Token on Coinbase.

The current market cap of Wise Token is £6.95M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Wise Token is £1,360.52. This all-time high is highest price paid for Wise Token since it was launched.

Over the last 24 hours, the trading volume of Wise Token is £568.904.

Assets that have a similar market cap to Wise Token include YadaCoin, Bao Finance (old), Dypius, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Wise Token is 87 million.