RE: Project W - Update for 3rd of Oct. 2020 - 150K reached
The biggest incentive for WST is in the moment that you can easily switch your Steem Tokens into a TRC-20 based token on Tron. Due to the fact that there is in the moment liquidity for about 200K Steem, it is for the beginning big enough to swap your WST tokens to anything else you want within the Tron economy.
The project also runs at the moment a farming pool for PWT tokens where you can farm with WST-TRX LP's. PWT is the native governance token for Project W and will also be used in a later stage for vaults where you can stake PWT's to mine interests coming from the powered-up Steem at ProjectW. PWT on the other hand does not have any value from our view, except using it as governance, but the community will decide if there is any additional value on it.
Why would people want to switch their STEEM coins for a tron token though? The idea was for STEEM to create its own value. If people wanted to switch their STEEM coin for another coin/token they could go to a number of exchanges and do that right now.