Wrinkle Werx Inc. Launches First of Its Kind Token Staking Platform

Since the cryptocurrency market crash, NFTs have seen a downward spiral, hitting a 12-month low in June. Experts have theorized that NFTs and other digital currencies often lose their value overtime, because they fail to provide real value to their owners. But all is not lost. Staking is one of the few options that can be used to increase one’s position during a downtrend. This is because it allows token holders to earn more, simply by holding. This rewarding process provides stabilizing benefits and creates a solid foundation for new investments.

Wrinkle Werx, Inc. has embarked on a mission to offer real value to NFT investors with its staking platform. The new platform allows NFT holders to earn high returns by staking their NFTs with ParaWerx tokens. Each NFT staked on this platform multiplies the original staked token amount. The individual symbol bet representation increases by a set percentage based on the specific NFT collection each bet NFT is wagered from. What’s more, multipliers like ParaPrepper NFTs increase a holder’s position in the pool, allowing them to earn more rewards than they would otherwise have received. Users can also increase their stake representation position, through the use of time locks, with time lock options ranging from 30 – 120 days. But that’s not all. With the Para Staking platform, users can claim rewards every 24 hours, even if they used time lock multipliers. They also have the option to let the rewards accumulate; with the ability to re-bet to reinforce the user’s position.

CEO of Wrinkle Werx, Lee Tolleson, is excited about the new platform. When asked about his motivation for creating the Para staking platform, he explained: “We wanted to give NFT’s value and a real use case. We also had an overwhelming desire to be first to market with ground-breaking innovations that close the gap to industry-wide deficiencies. Also, we wanted to offer our token and NFT holders the opportunity to generate passive income through these rewards. We have no doubt that our platform will offer more stability to current and potential holders.“

But it is not only the Para staking platform that will bring more value to NFT holders and cryptocurrencies in the future. Wrinkle Werx is also preparing to launch their groundbreaking Zero Layer DAG Protocol tool. This tool will allow users to spend their cryptocurrency on daily purchases through its integration with Point-of-Sale systems at online and physical outlets. The Zero Layer DAG Protocol payment tool will instantly and affordably turn speculative cryptocurrency assets into usable real-world currencies. Plans are also underway to release more tools that will add even more value to Cryptocurrency and NFTs.

“Everything we do is about bringing security and value to the cryptocurrency industry,” Tolleson said. “So we’ve been simultaneously working to be prepared for current and future cryptocurrency regulatory compliance.”

For more information on Para Staking, or to start staking ParaWerx tokens with or without NFTs on the platform, visit: https://wrinklewerx.com

SOURCE Wrinkle Werx Inc.