WannaFollow Organization

Technology Stack: 

The WannaFollow security token (ticker symbol WNFO) lives on the Binance Smart Chain (BSC) – a smart contract-enabled Blockchain platform created by Binance that is layered on top of the Ethereum network. BSC provides a fully-fledged environment to programmers for developing robust and high- performing decentralized applications (DApps). It utilizes the PoSA (Proof of Staked Authority consensus algorithm) that supports a shorter block time and lowers costs.

Development of the WannaFollow security token was done using the token standard BEP-20 which provides the following benefits:

Lower Gas Fees

Due to BSC’s PoSA(Proof of Stake Authority) block validation method, the transaction fee for the BEP20 token is lower as compared to other token standards.

Faster Block Verification

The PoSA block validation method gives BEP20 transactions a faster execution speed as compared to
transactions conducted through other token standards. The average block verification speed on the underlying
Blockchains is approximately 3 seconds for BSC.

Easily Traceable

BEP-20 offers full transparency and allows users to easily keep a track of their transactions.

Fully Scalable

It offers scalability. Users can customize the BEP-20 token as per their business needs.

High Compatibility

BSC is fully compatible with EVM (Ethereum Virtual Machine). The token standard BEP-20 comes with the same
perks as the ERC-20 token

Token Swapping

The BEP-20 token can be swapped easily while using it in decentralized apps, which increases the transaction
speed.