WAG Token Value Calculator
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Back in 2021, WagyuSwap launched as the first decentralized exchange on the Velas Network - a blockchain built using Solana’s codebase and designed to be fast, cheap, and EVM-compatible. At the time, the project promised something rare: a DEX with near-instant trades, near-zero fees, and an airdrop for early users. That airdrop? It was called the WagyuSwap IDO Launch Airdrop. And while the hype has faded, the tokens are still out there - if you know where to look.
What Was the WagyuSwap IDO Airdrop?
The WagyuSwap IDO Launch Airdrop wasn’t just a marketing stunt. It was the foundation of the entire project. When WagyuSwap launched its Initial DEX Offering (IDO), it gave away free WAG tokens to users who participated in early liquidity provision, joined the community, or completed simple tasks like following their Twitter or joining Telegram. The goal? To bootstrap liquidity and create a user base before trading even opened. Unlike big-name DEXs like Uniswap or PancakeSwap, WagyuSwap didn’t have a massive marketing budget. So it relied on community-driven growth. The airdrop was the main tool. And while details were never fully documented on their website, people who got in early still hold WAG tokens in their wallets today.How Did the Airdrop Work?
There wasn’t one single way to qualify. Instead, WagyuSwap offered multiple paths to earn WAG tokens:- Joining the early community - Users who joined their Telegram or Discord before the IDO launch received a small allocation of WAG tokens.
- Providing initial liquidity - If you added ETH or BNB to the first WAG/ETH or WAG/BNB liquidity pool, you got bonus WAG rewards on top of trading fees.
- Staking LP tokens - After adding liquidity, users could lock their LP tokens into WagyuSwap’s staking contract. This earned them extra WAG over time and helped reduce impermanent loss risk.
- Referral program - Early users could invite others. For every new user who joined through their link and provided liquidity, they got a share of the referrer bonus pool.
Most airdrops were distributed automatically to wallets that met the criteria. No forms. No KYC. Just connect your wallet - usually MetaMask or Trust Wallet configured for the Velas Network - and claim your tokens once the contract went live.
Who Got the Tokens? (Real Examples)
Let’s say you had a wallet with 0.1 ETH in it in September 2021. You added that ETH + 0.1 WAG (purchased from early buyers) into the WAG/ETH pool. You staked your LP tokens. Within 48 hours, you received 5,000 WAG tokens - roughly $20 at the time. That’s not a fortune, but it was free exposure to a new chain. Another user joined the Telegram group, shared a post about WagyuSwap, and tagged 5 friends. They got 2,000 WAG. A third user, who didn’t even know what a DEX was, just followed the Twitter account and clicked a link. They got 500 WAG. It was tiered, but it was open.These weren’t massive payouts. But they were real. And they worked. The project grew from zero users to over 12,000 wallet holders in the first three months.
What Happened to WAG Tokens After the Airdrop?
The WAG token hit its all-time high of $0.00435 in early 2022. That meant the 5,000 WAG you got from the airdrop were worth $21.75. Not bad for a few hours of work. But then things changed. The Velas Network didn’t gain the adoption it hoped for. Trading volume dropped. Liquidity dried up. By October 2025, WAG trades between $0.000151 and $0.0001525. That 5,000 WAG? Now worth less than $0.76. The market cap is under $16,000. The 24-hour trading volume? Often $0. CoinCodex predicts another 25% drop by the end of 2025. The Fear & Greed Index says “greed,” but no one’s buying.So why does this matter now?
Because if you still have those old WAG tokens, you can still claim them. And if you’re looking for a low-risk way to test the Velas Network, it’s still possible to interact with WagyuSwap - even if the token’s value is near zero.Can You Still Get Free WAG Tokens Today?
The original IDO airdrop ended in late 2021. But WagyuSwap still runs liquidity mining programs. If you add liquidity to the WAG/VEP20 pool today, you still earn WAG rewards - though the APY is around 3-5%, and the token’s price makes it barely worth the gas. There’s no official new airdrop as of November 2025. But if you’re curious, here’s what you can do:- Install MetaMask or Trust Wallet.
- Add the Velas Network manually (RPC: https://evm.velas.com, Chain ID: 106, Symbol: VLX).
- Buy a small amount of VLX (around $5 worth) from a centralized exchange and send it to your wallet.
- Go to app.wagyuswap.com and connect your wallet.
- Find the WAG/VEP20 liquidity pool and add a small amount (like $10 worth of each token).
- Stake your LP tokens in the “Farm” section.
- Wait. You’ll earn WAG tokens daily - even if it’s only 10-20 per day.
It’s not a free lunch. You’re putting up capital. But if you’re testing the Velas chain or want to see how a low-volume DEX operates, this is one of the few live examples left.
Why Does WagyuSwap Still Exist?
Most projects like this vanish when the token crashes. WagyuSwap didn’t. Why? Because the Velas Network still works. Transactions are fast. Fees are under $0.0001. The EVM compatibility means you can deploy Solidity smart contracts there. And the codebase is open. Developers still use it for niche DeFi experiments. WagyuSwap isn’t dead - it’s dormant. Like a quiet corner of the crypto world where early believers still check in. There’s no big team pushing updates. No press releases. But the contracts are still running. The liquidity pools still pay out. The tokens still exist.Should You Participate Now?
If you’re looking to make money? No. WAG isn’t going to rebound. The market has moved on. The team is silent. The trading volume is negligible. But if you’re interested in:- Learning how IDO airdrops worked in the early DeFi days
- Testing a Solana-based EVM chain without Ethereum gas fees
- Seeing how a project survives after its token crashes
Then WagyuSwap is still worth a look. Add $10 to a liquidity pool. Stake it. See how the rewards flow. Watch how the chain handles transactions. You’ll learn more about DeFi mechanics than you would reading a dozen blog posts.
It’s not about the tokens. It’s about the system.
What’s the Future of WAG and WagyuSwap?
The future looks bleak. Without a team, marketing, or new features, WAG will likely keep drifting lower. The 50-day moving average is $0.000169. The 200-day is $0.000422. The price is below both. That’s a bearish signal. But here’s something no one talks about: the total supply is capped at 500 million WAG. Only 54.16 million are circulating. That means 445 million tokens are still locked - in team wallets, vesting schedules, or unused airdrop pools. If someone ever reboots the project - say, a new team takes over, adds cross-chain bridges, or integrates AI-driven trading bots - those locked tokens could flood the market. Or they could be burned. No one knows. Until then, WagyuSwap remains a relic. A quiet experiment from 2021. A lesson in how fast hype can fade - and how slowly crypto infrastructure can die.Was the WagyuSwap IDO airdrop real?
Yes, the WagyuSwap IDO airdrop was real. It launched in September 2021 and distributed free WAG tokens to early community members, liquidity providers, and referral participants. Tokens were sent automatically to eligible wallets without KYC.
Can I still claim WAG tokens from the original airdrop?
No, the original airdrop period ended in late 2021. If you didn’t claim your tokens back then, they’re no longer available. However, you can still earn WAG today by providing liquidity and staking LP tokens on the WagyuSwap platform.
Is WagyuSwap still active in 2025?
Yes, but barely. The WagyuSwap DEX contracts are still live on the Velas Network. Liquidity pools are running, and users can still swap tokens or stake LP tokens to earn WAG rewards. However, there’s no active development team, minimal trading volume, and no new features being added.
What’s the current price of WAG?
As of November 2025, WAG trades between $0.000151 and $0.0001525 USD across decentralized exchanges. This is down over 97% from its all-time high of $0.00435 in early 2022.
Do I need KYC to use WagyuSwap?
No. WagyuSwap is a non-custodial DEX on the Velas Network. You only need a crypto wallet like MetaMask or Trust Wallet. No identity verification is required to swap tokens, provide liquidity, or earn rewards.
Can I use WagyuSwap on my phone?
Yes. Use the Trust Wallet or MetaMask mobile app, connect to the Velas Network, and visit app.wagyuswap.com in your phone’s browser. The interface works on mobile, though the low trading volume means you may not find large liquidity pools.
Is WagyuSwap safe to use?
The smart contracts have not been audited publicly, and the team is inactive. While the platform hasn’t been hacked, using it carries risk. Only interact with small amounts of capital. Treat it as a learning tool, not an investment.
Usama Ahmad
Man i tried this back in 2021 just to see what it was like. Added 0.05 ETH, got 3k WAG. Now its worth less than a coffee. But hey at least i learned how to connect a wallet to a new chain without blowing up my account. Still use Velas for small swaps when eth gas is insane.