First of all, a cordial greeting to the entire academic and scientific community of Hive, on the present opportunity on the WaykiChain platform, which has become the world's first 3-token economy model..
Waykichain is made up of a three-token economy model based on the WaykiChain underlayer (WICC), it is composed of WaykiChain WICC public blockchain assets, WUSD stablecoin and WGRT governance coin. Whereas the balance generated by the three different types of tokens can provide the whole stablecoin system with the strongest risk resistance, manageability and development potential. The relationship and functions of the three tokens can be summarized in the following graphic.
WICC cryptocurrency token
What do WaykiChain users require in order to use WaykiChain applications and functions? They only require WICC. Which will be linked to the corresponding voting rights. WICC holders can participate in the election of a body (self-recommendation is allowed).
Statement of the attributes of the WICC
The WICC is only used and circulated in WaykiChain applications. WICC can be obtained by mining, voting, subscribing or trading with other holders, which means that WICC receives a different value on exchange lists and trading with other cryptocurrencies.
Location of WICC
As for the distribution of the WICC 60% will be available for public sale, and thus ensure sufficient liquidity to start the project in the initial phase and the quality and credibility of all participants.
The WaykiChain Foundation will keep the funds raised in the public auction, which will be used to pay for the costs of the operation, including product development, technology upgrade, marketing, finance, legal advice and community incentives, among others.
15 % for the development team, the operations team and early investors.
A further 15% earmarked for strategic planning This portion of the reserved CCI will be used for the deployment of WaykiChain in the target industry. It will be managed by the WaykiChain Foundation and detailed information on its use will be disclosed on a regular basis. It will be used for key exchange and project support to link interest with influential forces in the target industry, expand WaykiChain's influence in the target industry and accelerate the market expansion process.
As for the remaining 10% will be earmarked for private investors.
The first private investors provided the necessary funding for the development of the team and assumed the risk of uncertainty in the first phase of the project.
References Consulted
- WICC WaykiChain - Whitepaper. Item available
Image Sources
