About WTR
What is Deepwater ($WTR)?Deepwater ($WTR) is a Avalanche based, trustless exchange built with a mission of provable fairness, transparency, protected order flow, and secure custody.Deepwaters Beta is the fusion of traditional finance and blockchain technology into a Hybrid Architecture, leveraging proven concepts from both. Deepwaters aims to bring maturity to DeFi and enable systems that power the next generation of financial applications.At Deepwaters, we are building an exchange the right way. The formula is simple:1.Transparency: Open-source code and business logic around exchange operations (trading, custody, etc.)2.Fairness: All traders and customers are treated equally. We eliminate information asymmetry, PFOF, and any form of prioritized internalization of orders (no party get’s privileged access to order flow).3.Provability: Rather than asking customers to “trust us,” we are building a system that allows anyone to easily and independently verify that our software [and by extension that same open-source business logic] is running on Deepwaters systems. This is done by utilizing remote attestation, a feature of ‘confidential computing’ (built upon Intel SGX and other Trusted Execution Environments). This effectively enforces honest behavior and prevents any possibility of malfeasance.
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Frequently Asked Questions
What Is Deepwaters?
Read MoreDeepwaters is an exchange which brings the trustlessness of DeFi to centralized finance, providing provably fair and secure operations. On Deepwaters, violations of asset custody and preferential access to order flow are rendered impossible by means of code and confidential computing.
WTR is the native platform token of the Deepwaters exchange. It can be used for:
- Fees on the Deepwaters platform, where it is accepted at a fixed redemption rate of $0.70.
- Governance over the network, DAO, and DAO treasury
- Access to additional features
- Voting on new exchange features, token additions, and other functionality
WTR is an ERC-20 token on the Avalanche C-chain.
How Many WTR Tokens Are There in Circulation?
Read MoreDeepwaters launched the WTR network on February 14, 2023 with a 350,000,000 WTR maximum supply. Approximately 24,765,413 were in circulation at network launch. The unlock schedule for remaining tokens is partially time-based, and partially milestone-based. 90,000,000 WTR are subject to the milestone-based unlocks, which are based on cumulative transaction volume on the Deepwaters exchange.
Who Are the Founders of Deepwaters?
Read MoreDeepwaters was founded in 2021 by Zorrik Voldman. Zorrik has extensive experience in FinTech, having sold three previous startups to large, publicly traded companies. He also ran a commodities hedge fund, based on his proprietary software, with 20+ traders. His experience having trading strategies not match their backtested performance inspired him to found Deepwaters with the goal to eliminate the asymmetries which give certain privileged counterparties, and the exchanges themselves, an unfair advantage over everyone else.
Zorrik was encouraged to tackle this problem in crypto markets by Deepwaters co-founder Mihai Dinulescu, who has worked in crypto / blockchain since 2017 and has designed over a dozen ICOs as Director of Strategy at Ambisafe.
What is the all-time high price of Deepwaters (WTR)?
Read MoreThe all-time high of WTR was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Deepwaters (WTR) is 0. The current price of WTR is down 0% from its all-time high.
How much Deepwaters (WTR) is there in circulation?
Read MoreAs of
, there is currently 0 WTR in circulation. WTR has a maximum supply of 350.00M. What is the market cap of Deepwaters (WTR)?
Read MoreThe current market cap of WTR is 0. It is calculated by multiplying the current supply of WTR by its real-time market price of 0.
What is the all-time low price of Deepwaters (WTR)?
Read MoreThe all-time low of WTR was 0
, from which the coin is now up 0%. The all-time low price of Deepwaters (WTR) is 0. The current price of WTR is up 0% from its all-time low. Is Deepwaters (WTR) a good investment?
Read MoreDeepwaters (WTR) has a market capitalization of $0 and is ranked #7477 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Deepwaters (WTR) price trends and patterns to find the best time to purchase WTR.