1. What is WAP?

Introduction to WapSwap Finance (WAP)

WapSwap Finance is a cryptocurrency, with specific information outlined below:

• Token Name: WapSwap Finance (WAP)
• Overview: WapSwap Finance is a decentralised finance (DeFi) project designed to provide liquidity and trading services for users. It enables automated market trading and liquidity provision through smart contracts.

Note: The information provided mainly comes from Binance's price page, hence detailed introductions and background information about WapSwap Finance are limited. Below are supplementary details based on general knowledge:

• Decentralised Finance (DeFi): WapSwap Finance is part of the DeFi project, leveraging blockchain technology and smart contracts to offer financial services, including liquidity provision, trading, and lending.
• Automated Market Trading: This project implements automated market trading through smart contracts, allowing users to trade cryptocurrencies and provide liquidity on the platform.
• Liquidity Provision: WapSwap Finance allows users to provide liquidity, managing and distributing liquidity via smart contracts to ensure market stability and efficiency.

Please Note: The information above is based on general knowledge and understanding; specific project details may need to be acquired from the official website or other reliable sources.

2. Who founded WAP?

According to the provided information, the WAP token is related to American rapper Cardi B, but it is not explicitly stated that she is the founder of the WAP token. In fact, reports suggest that Cardi B's social media accounts may have been used to promote the WAP token, possibly due to a hack or premeditated actions.

If you are looking to learn about the founders of cryptocurrencies, for example, the founder of Bitcoin is Satoshi Nakamoto, whose true identity remains unknown. Other cryptocurrencies, such as Ethereum, were founded by Vitalik Buterin.

3. Which venture capital is investing in WAP?

Here are some venture capital firms that have invested in cryptocurrencies and blockchain technology:

1. Pantera Capital: Focused on investments related to blockchain technology and digital currencies, managing assets of over $65 billion.
2. Alchemy Ventures: Invests in early-stage decentralised computing and emerging blockchain technology startups.
3. a16z Crypto: The cryptocurrency venture capital arm of Andreessen Horowitz, has invested over $100 million in Web3 projects.
4. Coinbase Ventures: A leader in the cryptocurrency venture capital sector since its establishment in 2017, having invested in hundreds of companies.
5. Jump Crypto: The largest venture capital firm focused on blockchain technology investments, managing assets exceeding $1.5 billion.
6. Multicoin Capital: Specialises in investing in emerging decentralised blockchain and Web3 infrastructure.
7. DeFiance Capital: One of the original cryptocurrency venture capital firms, aiding in the development of early blockchain technology companies.
8. Sequoia Capital: Participated in multiple investments in the blockchain and cryptocurrency sectors, including a strategic investment of $310 million in Fireblocks.
9. SoftBank Group: Led a $900 million Series B funding round for FTX.
10. DST Global, C Ventures, K3 Ventures: Co-led a $100 million Series C funding round for Matrixport.

These firms have made significant investments in the cryptocurrency and blockchain technology sector, driving the industry’s development.

4. How does WAP work?

The operation of WAP cryptocurrency is similar to other cryptocurrencies, but its specific operational mechanisms and characteristics are as follows:

1. Token Issuance and Sale: At the time of issuance, 60% of the WAP token supply was bundled for sale, meaning that a significant portion of the tokens was concentrated in the hands of a few from the very beginning.

2. Market Manipulation: Within 10 hours of the WAP project launch, tokens worth approximately $500,000 were sold off, indicating potential market manipulation and rapid cashing out.

3. Celebrity Promotion: The WAP token was promoted by American rapper and social media influencer Cardi B on her social media accounts, but it was later found that the account may have been hacked or involved in premeditated promotion.

4. Fraud Risks: Members of the crypto community have noted that scams and fraudulent activities related to celebrity tokens are quite common; the operational methods of the WAP token have also raised similar concerns.

In summary, the operation of WAP cryptocurrency is fraught with issues such as market manipulation, rapid cashing out, and fraud risks, requiring investors to be cautious.