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WeSendit presale: How to sign up for WSI Web3 file-transfer protocol token

By Raphael Sanis

12:30, 13 October 2022

WeSendit
The WeSendit 3.0 upgrade will see it leverage blockchain technology, along with its own cryptocurrency – Photo: Shutterstock

WeSendit, a data protection company used by Meta (META), Disney (DIS) and Red Bull, is moving to a blockchain model.

The move will also see the company have its own token, which is yet to launch.

However, WeSendit is giving investors a chance to purchase tokens before their public sale later this year.

Presale details

At the time of writing, there were 12 days left to sign up for WeSendit’s presale event, giving it a deadline of 25 October. Investors will then have a chance to purchase their tokens in early November, according to WeSendit’s official Twitter account.

Signing up to the presale whitelist will require investors to share their name and email. Users will also need a BNB Chain wallet address, as the WeSendit cryptocurrency is a BEP-20 token.

It appears that there is a minimum spend of $200 in the presale event and a maximum of $1,000, according to the WeSendit form.

SOL/USD

181.36 Price
-1.160% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

ETH/USD

3,499.60 Price
-0.050% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

DOGE/USD

0.14 Price
-1.920% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

XRP/USD

0.61 Price
+1.640% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

WeSendit’s tokenomics

This new token is said to be “at the heart of WeSendit’s growth strategy”. It was designed with a number of utilities in mind.

Those paying for WeSendit’s services will receive a 60% discount when using the BEP-20 token. This includes data storage, personalised download links and advertising.

The token is said to go live in December 2022 with an initial supply of 37.5 million. While the presale price starts at $0.032 per token, the company said it expected a launch price of between $1 and $5.

WeSendit 3.0

The launch of the data token comes during a greater shift at the company. It is upgrading to WeSendit 3.0, which will use blockchain technology to improve its centralised and decentralised services.

WeSendit has also been developing decentralised file sharing features this year. Its whitepaper said that these decentralised solutions allow files to be constantly available.

Jens Herbst, the company’s founder and CEO, said in the whitepaper: “With WeSendit 3.0, we create decentralised data protection solutions that truly deserve their name. Based on blockchain and crypto, our experts are developing future data transfers.”

Markets in this article

META
Meta Platforms Inc (Extended Hours)
485.05 USD
6.88 +1.440%
DIS
Walt Disney Co (Extended Hours)
95.83 USD
0.13 +0.140%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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