Adjusting Token Distribution Structure: Reserve Pool Mining
Token distribution is a mechanism that controls how WAD tokens will be distributed to our platform stakeholders, such as yield farmers, Warden foundation (for burning, platform development, and marketing campaigns), etc.
As we stated in our token economic spec, 76% of the token distribution will be released to our community. 9% will be mined as platform development funds. At the same time, 15% will be locked as a reserve pool for marketing campaigns, partnerships, etc.
It’s been 2 months since we launched the WardenSwap platform. Previously, we were focusing on our core product, the best price search engine for DeFi. Now, it’s time to promote our best product to the world.
To promote our platform, we need funds. Therefore, we will adjust our token distribution structure to follow our token economic spec discussed previously by mining 1 WAD token generated for each block into the reserve pool.
The WAD tokens in the reserve pool will be used for the following purposes: 💪
- Marketing campaigns
- Partnerships
- Raising fund with investors
- Incident management
The following represents the current token distribution structure.
Current Token Distribution Structure 🌱
- 1 token per block for burning
- 9 tokens per block for yield farming
And here is the new token distribution structure.
New Token Distribution Structure 🍀
- 1 token per block for burning
- 1 token per block for the reserve pool
- 8 tokens per block for yield farming
Once the new token distribution structure is enabled, 1 WAD token will be distributed to the reserve pool for each block. This fund will be used for promoting the WardenSwap platform to the world. And this will benefit all WAD holders in the long term.
KEEP GOING, KEEP GROWING 🚀
