Are you interested in generating passive income through cryptocurrency? If so, you should check out We Talks. In this article, we’ll explain what We Talks is, how it works, and how you can earn passive income through it.
Disclaimer
Before we dive into the details of We Talks, we need to provide a disclaimer. We are not financial advisors, and this article is for informational and educational purposes only.
What is We Talks?
We Talks is a platform created by Wetax that allows you to put your idle crypto assets to work in enhancing the Neo economy’s open liquidity. It offers two ways to do this: on-chain extractable value and flash loan pooling.
Understanding the Neo Economy
To understand We Talks, it’s important to first understand the Neo economy. The Neo economy is a concept that refers to the economic primitives needed to ensure the proper functioning of web 3 and the metaverse. Examples of these primitives include decentralized exchanges, automated market makers, and yield farming. The core powerhouse of all of these services is liquidity. In the Neo economy, liquidity is crucial, and the current state of liquidity leaves a lot to be desired. This is where We Talks comes in.
On-chain Extractable Value
One way that We Talks generates revenue is through on-chain extractable value. The front runner, which is the bot of We Talks, copies the potentially profitable transaction, replaces the addresses with the front runner’s address, and submits the modified transaction with a replaced address with a higher gas fee. This front runs the original transaction and gets the profit. We Talks has many bots running this, and in that way, they can earn profits while front-running transactions.
Flash Loan Pooling
The other way that We Talks generates revenue is through flash loan pooling. Flash loans allow DeFi traders to borrow unsecured loans from lenders without intermediaries or collateral. We Talks does not try to build a full-fledged loan platform but rather pools capital in major ones to gain the optimal yield on the deployed principal amount they put in.
We Talks Token
We Talks has its own token, WETAX, which allows you to gain governance on the We Talks platform. Apart from that, there’s also a huge token buyback. Wetax team actually buys back WETAX, which decreases the selling pressure, usually driving the price up. At the time of writing, the price is just over two cents, and it has a total supply of 600 million.
Staking WETAX
You can also stake your WETAX right now, either basic or automatic. You can gain an ROI of up to 165% if you stake it in a basic way. If you stake it on auto, you can earn up to 418% ROI. A lot has been staked already in total on We Talks.
We Talks Router
At this point in time, you can actually start earning passive income on crypto by downloading We Talks router. The revenue is actually amazing at this point in time. In the simple platform, you can see how much has been staked, how many bots they have deployed, the volume they have created with those bots over a specific period of time, and more importantly, the revenue they have made.
Conclusion
We Talks is a unique way to generate passive income through cryptocurrency. It’s a platform that allows you to put your idle crypto assets to work in enhancing the Neo economy’s open liquidity. We hope that this article has helped you understand what We Talks is and how it works. Remember, we’re not financial advisors, so always do your own research and invest at your own risk.
