Tokenomics
Last updated
Last updated
The WAIV token is central to Waivlength’s ecosystem, designed to power user interactions, incentivize participation, and enable decentralized governance. With a capped total supply, WAIV will be distributed strategically to foster community growth, reward contributors, and support future development. Additionally, platform fees will be apportioned pro rata back to governance token holders, ensuring that active participants benefit from the platform’s success.
This document outlines the distribution, vesting schedule, and governance structure of the WAIV token, providing transparency into how it will function and evolve within the platform.
$WAIV has a total supply of 1 billion tokens. The initial $WAIV distribution is as follows:
55% or 550,000,000 $WAIV to the community
10% or 55,000,000 is the Community Rewards Pool
2.56% or 14,063,000 is allocated to Initial Holder Airdrop **
87.44% or 480,937,000 is allocated to Incentive Programs, Liquidity Provisioning & Grants
25% or 250,000,000 $WAIV to core contributors
10% or 100,000,000 $WAIV to investors & advisors
10% or 100,000,000 $WAIV reserve for future fundraising, development & governance
Vesting is divided into the following categories:
Community allocation
30% - No vesting period
70% - 3-year linear vesting with no cliff.
Core contributors:
100% - 3-year linear vesting with a 1-year cliff.
Investors & Advisors:
100% - 3-year linear vesting with a 1-year cliff.
Reserve allocation:
No vesting period.
WAIV Token Distribution to the Community:
Community Rewards Pool (10% - 55,000,000 WAIV): To incentivize active participation and app engagement, 10% of the total WAIV supply will be allocated to a farming rewards pool. This is not a traditional airdrop; instead, rewards will be distributed based on each user's community membership score, with higher scores earning a larger share of the rewards. This approach ensures that the most active and engaged community members are recognized and rewarded.
Initial Holder Airdrop (2.56% - 14,063,000 WAIV): An additional 2.56% of the total supply will be allocated to initial holders of the WAIV token, distributed pro-rata according to their holdings. Details, calculations and vesting terms are provided below.
Incentive Programs, Liquidity Provisioning & Grants (87.44% - 480,937,000 WAIV): The remaining 87.44% of the community treasury will be utilized for ongoing incentive programs, liquidity provisioning, and grants. These allocations are designed to drive user engagement, support platform liquidity, and fund initiatives that enhance the Waivlength ecosystem.
WAIV tokenholders control the supply and distribution of WAIV tokens through decentralized governance mechanisms. This allows the community to participate in key decision-making processes, ensuring that the direction and growth of Waivlength are guided by its most invested members.
The WAIV token serves as the governance backbone of Waivlength, empowering holders to influence key platform decisions and shape the ecosystem's future. As Waivlength evolves into a decentralized application, any fees generated from the app will be prorated and distributed back to users based on factors such as governance participation, community membership scores, and other engagement metrics.
Currently, the platform is free to use with some paid features, including creating a tokenized space and conducting pre-sales, which require ETH. In the future, additional protocol fees will be introduced to support new paid features, enhancing the token's utility by providing access to advanced functionalities and enabling revenue sharing. This dynamic utility model ensures that active and engaged users are rewarded, fostering a vibrant and sustainable Waivlength community.
When Waivlength initially launched as a BEP-20 token on Binance Smart Chain (BSC), it functioned solely as a utility token without specific use cases. Recognizing the need for enhanced utility and community engagement, the Waivlength team decided to cease trading the original WAIV token on PancakeSwap and remove its liquidity. To honor and reward the initial holders of the original token, we have allocated 2.56% of the community treasury supply to these early supporters. This allocation ensures that initial holders are fairly compensated and remain integral to the future growth and success of the Waivlength ecosystem.
To determine the 2.56% allocation for initial holders, we based our calculations on the transition from the old token to the new WAIV token using a fully diluted market capitalization approach.
| Pool | Allocation (%) | Token Amount | Notes |
|---|---|---|---|
Community
55%
550,000,000 WAIV
Allocated to community incentives, airdrops and grants
Core Contributors
25%
250,000,000 WAIV
Allocated to team members and key contributors
Investors & Advisors
10%
100,000,000 WAIV
Reserved for early investors and advisors
Reserves
10%
100,000,000 WAIV
For future project needs, development, and governance initiatives
