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What does Motivation Coin mean (Where does the motivation gold exchange to)?

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What does Motivation Coin mean? Motivation Coin refers to tokens that generate

What does Motivation Coin mean (Where does the motivation gold exchange to)?

What does Motivation Coin mean? Motivation Coin refers to tokens that generate new assets through rewards. In the blockchain world, anything can be incentivized through its functionality and value (such as mining). When a product is developed, it can generate returns for the production processes, transaction activities, and users of other products, and these profits can be used as a medium of exchange or payment for goods or services.

In a sense, motivation is a way to incentivize something, it can also be a means of motivation, but not all motivations are the same. For example, we see cryptocurrency projects like Litecoin that have mechanisms to encourage users to purchase products based on the Ethereum network. So why are there so many incentives? Because this concept is broad, many project codes have certain problems that cannot be solved. Therefore, if someone wants to obtain “high” financial support, they should provide assistance. Additionally, an interesting aspect is that motivation is cost-effective and comes with corresponding costs, so various risks are likely to occur. (Blockchain Law)

Where has the motivation gold exchanged to?

Editor’s note: This article is from Xiaonazhatan (ID: xiaonazha88), authorized by Odaily Star Planet Daily.

A few days ago, Ethereum founder Vitalik Buterin expressed on Twitter that he wanted to convert the staking rewards of ETH into other tokens such as WBTC, but was subsequently questioned by a bunch of community members because no one knows how this address got WBTC.

In this article, we will look at the specific distribution of motivation gold from WETH transfer records. 1. Is the total WETH more than 1 billion US dollars?

2. The accumulated destruction of WETH is about 200,000 tokens. 3. Currently, 9 wallets have completed the 1:1 redemption of WETH. 4. According to data statistics, as of 23:33 on May 13th, Beijing time, a total of approximately 1.2 billion US dollars has been sent to an unknown wallet. 5. There have been approximately 6,000 transactions received so far, most of which are obtained from transfers on the Ethereum chain, including multiple DEX such as Uniswap, PancakeSwap, and Curve.

According to official news, more than 8 projects have completed the exchange of WETH, including:

1. YFI, REN, YFII;

2. SUSHI, YAM, and AMPL;

3. AAVE, BAL, SNX, UNI, SUSHI;

4. SUSHI, CRV, SUSHI, LINK.

It is worth noting that as of the time of publication, this amount accounts for over 60% of the total WETH, less than 1%;

In addition, since January of this year, WETH has transferred over $4 million to ERC-20.

According to public information, wETH reached its all-time high in mid-June and set a new record in early July. It is currently hovering around $40, with an upward trend.

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