The wait is over: we’ve successfully deployed the WMK smart contract on the Ethereum blockchain. WMK is an ERC-20 token, which will be used as the native payment method within the Wemark network. Token distribution will begin tomorrow and is expected to end around the of the month.
The WMK smart contract has been deployed. Its source code is now available in Wemark’s GitHub repository
During the deployment of the smart contract, 135 million Wemark tokens were created. WMK is not mintable — this means that new tokens cannot be created and the total supply is finite.
The smart contract’s source code is available to anyone in Wemark’s GitHub repository, as well as a detailed explanation of the token’s key functionality set in the smart contract.
Take a look at the source code of the newly deployed WMK smart contract in our GitHub repository.
The smart contract was successfully deployed on July 29th, marking the official birthday of the Wemark Token. Check it out on EtherScan.
Audited by Hosho — a global leader in blockchain security
If you’ve been keeping up with our recent updates, you know how seriously we take security. We’ve all heard about platforms getting hijacked and smart contracts’ vulnerabilities that have been used to steal millions worth of tokens. Our core team has years of experience in cyber security and when it comes to smart contracts and decentralized software — security gets an even higher priority, so you can rest assured that your tokens and transactions are safe and protected.
Once the contracts were fully developed, we began with a series of internal reviews, followed by several external audits by independent Solidity developers and security experts. This has lead us to the final and most significant security audit, led by Hosho, one of the leading blockchain security firms in the world, based in Las Vegas, Nevada in the United States.
Hosho ran an extensive audit followed by a detailed report, which is now available here.
The long-awaited token distribution starts tomorrow, August 14th!
While we hoped to complete the entire distribution on the same day, we’re still waiting for additional KYC/AML documents and information from a few of our contributors, both in deposits and the private sale. Tomorrow, we’ll begin distributing tokens to those who sent in all of the required information. We’ll finalize token distribution for the remaining contributors by the end of August, once we receive all missing information. If you haven’t received a notice about missing documentation or a call for clarification, you can expect to get your WMK sent to your wallet tomorrow.
To preserve equality, the distributed tokens will be locked for transfer during the distribution period. It will help create a more equal and fair economy, starting from day one.
Thanks for your patience in this ongoing and exciting process. We can’t wait for the tokens to be released and for seeing the first transaction on the Wemark marketplace — it’s right around the corner!
If you have questions or concerns, we encourage you to join the discussion in our Telegram community.
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