Weley is a fair-issued project in addition to setting aside a portion of tokens for initial liquidity, no investors and no pre-mining. WE is the governance token of the project, and it is also the abbreviation of "Weley". Just like many other fair-issued projects, we will reward various participants in the Weley ecosystem. This is the only way to earn WE tokens.
At present, there is no hard cap for the supply of WE tokens, which will give the project a more adequate budget to continue to expand its ecological landscape and create greater value.
However, no hard cap ≠ tokens remain inflation constant.
With the growth of Weley ecology and business, users’ demand for WE exceeds its supply. On the other hand, with the large-scale use of WE, WE will enter a state of deflation.
In “WE token function and value capture” and “Membership token: vWE”, we will illustrate the demand source and the deflation mechanism of WE.
In the future, we will gradually reduce the production of WE through proposals based on the development of the project.
WE token function and value capture
WE is the governance token of Weley, and it has also been endowed with various functions. With WE, you will obtain the following values:
Obtain the trade fee income of the trading platform: part of Wswap’s trade fee will be used to buy back and burn WE
Mint vWE, join the member: mint vWE at a ratio of 100:1, and obtain additional Wswap trade fee distribution, transfer burning distribution, trade fee distribution of NFT trading platform, and other membership rights
Burn-on-transfer deflation: WE has a burning mechanism, and each transfer deducts five-ten thousandths, of which three-ten thousandths are for burn directly, and two-ten thousandths are allocated to vWE stakers
Used for NFT upgrade, the purchase of slot and the NFTs in market
Governance: After the DAO module is online, it can be used for proposals and voting
If you want to obtain greater rights and interests in Weley World through WE, you need to convert WE to vWE and join the membership. For vWE and membership, please see: