Weirdo Wizard Token
Governance | Staking | Payment
Weirdo Wizard Token(WWT) is an ERC-20 governance token for our Universe. It’s the glue that binds all Weirdo Wizard community members together. $WWT holders will be able to claim rewards if they stake their tokens, play the game, and participate in key governance votes. Players will also be able to earn $WWT just by playing and having fun.
Token purposes
- Play to earn: WWT will be the main reward received by the players by playing.
- Payment: WWT will be accepted as currency within the Weirdo Wizard marketplace. WWT may also be used to determine eligibility for participation in certain sales/auctions conducted by the team.
- Governance: The Community Treasury will receive revenues generated by Weirdo Wizard as well as a portion of staking rewards. This treasury will be governed by WWT stakers once the network has become sufficiently decentralized.
- Staking: Players will be able to lock up their tokens to receive newly created WWT.
Our goal with Weirdo Wizard Token is to create incentives between the players of the game in novel and exciting ways.
The mechanisms described above have two main goals:
- To reward players for interacting with Weirdo Wizard while simultaneously incentivizing them to hold on to their tokens so they can claim additional rewards.
- To decentralize the ownership and governance of Weirdo Wizard.
The Tokenomics
Weirdo Wizard Token (WWT)
- 16% NFT holders allocation
- 4% Uniswap liquidity
- 20% Staking reward
- 30% Play to earn
- 10% DAO funds
- 20% Team funds (vesting over 5 years)
Staking
Staking is a way for us to reward our community members for having a long-term mindset and locking up their WWT tokens. By staking your WWT you’ll be able to earn WWT rewards when you lock up your tokens through the staking dashboard.
In the future, staking WWT will give you voting rights in our DAO.
Initial Pools:
- Pool 1: Weirdo Wizard NFT
- Pool 2: $WWT
- Pool 3: LPs for $WWT ETH pair
Stakers will have multiple rewards by staking:
- Earn more $WWT
- A 1-click compounding system will be available to optimize your gain
- Gain special voting right in the DAO
- Gain a share of 10% of the fees generated by the royalties in different forms: ETH, Stablecoin, or other partner project token
Royalties
- 10% of the fees generated by the royalties will be redistributed to the stakers.
- 10% of the fees generated will be used to add liquidity to the $WWT / ETH pool.
- 30% of the fees generated will go to the treasury of the DAO of the project to finance future development and evolutions.
Weirdo DAO
Stronger together
Decentralized Organization Through $WWT token, Weirdo Wizard will gradually evolve into a community-owned Decentralized Organization. This process occurs as $WWT is distributed among players and stakers, with the core team ownership becoming less concentrated over time.
$WWT holders will have the possibility to stake their tokens through the staking dashboard and participate in governance votes brought forward by the core team. These votes will revolve around which feature should receive funding from the ecosystem fund, and how the Community treasury should be distributed.
