$WFI token
Overview of WFI Tokenomics
Last updated
Overview of WFI Tokenomics
Last updated
Description The WFI token is the native utility token of the WeChain blockchain, featuring a limited supply and a scarce distribution mechanism. Initially, only ITO users will have the opportunity to obtain WFI through mining. The WFI token will first launch on the Binance Smart Chain (BSC), serving as a coin. Once we transition to our own blockchain, it will officially become the WFI token on the new platform. WFI is designed to be a glue/fuel/utility coin to join TradFi and DeFi. Whatever transaction happens inside the Neobank, WeChain, remittance, and AI nodes we use WFI. Total Supply
The total supply of WFI tokens is limited to 1 billion. This finite supply is designed to foster scarcity, enhancing potential value as network participation increases.
Trading: Use WFI for trading on decentralized exchanges (DEX) and centralized exchanges (CEX).
Collateral: Utilize WFI as collateral in Neobank to access various financial services.
Liquidity Pools: Contribute WFI to liquidity pools to receive passive income through transaction fee distributions.
Transaction and Gas Fees: Employ WFI to cover transaction fees and network gas fees, enhancing transaction efficiency.
Staking: Stake WFI tokens to earn additional WFI as rewards, encouraging long-term holding and network participation.
Computing power: Energy for AI nodes to get the work done
Rewards: WFI is a reward token for mining and ecosystem building like setting up a validator
Carrier token for remittance
Deposit token for financial institution to get access to our Dapps (you need to use WFI to access services, paying with the token for various dApp services, such as tasks carried out by AI nodes)
WFI tokens are exclusively available through the mining process, requiring the setup and operation of ITO nodes. These nodes are essential for the network’s infrastructure, contributing significantly to its security and operational efficiency. The system is similar to a tug of war happening with Bitcoin, early birds get the spoils and later stages can build sustainable businesses while adapting to growing complexity of mining. The periods are much shorter to Bitcoin, as Finance is a fast-paced environment. There are two sources of WFI user can get:
Mined WFI (for ITO Activation): 862,068,966 WFI tokens are allocated for mining through ITO activation. These tokens are gradually released as users activate their ITO and participate in mining.
Referral WFI (for Referral Rewards): 127,931,034 WFI tokens are designated for rewarding users through our referral program. These tokens are distributed as referral bonuses for users who invite others to the ITO platform will receive regular rewards when the people they invited purchase and activate their ITO.
Exchange Listing Reserve: 10,000,000 WFI tokens are allocated specifically for listing on exchanges, providing liquidity and accessibility for users interested in trading WFI on external platforms.
