Burning
For a sustainable ecosystem
Last updated
For a sustainable ecosystem
Last updated
$WUT is the for Walk Up
In order to keep the ecosystem balanced, $WUT token needs to be burned constantly. Some of the ways that the $WUT is burned is through the day to day users functionalities in the app as: Shoe Purchase Shoe Level up, Shoe repair, ect.
Walk Up project implements a strategic Token Burning Flow to ensure the stability and health of its ecosystem. Here's an analysis of how it works:
Revenue Generation: The project generates profit through various M2E activities, such as NFT interactions like repair, upgrade, and level up. Additionally, AI BOT activities and various Gamification features like payment services, VISA fees, and the in-app shopping mall contribute to the profits.
Distribution of Profits: The profits are then allocated in the following manner:
10% for Promotion: To sustain the growth and attract new users, a portion of the profits is set aside for promotional activities.
20% for Operating Costs: Running costs of the project, such as development, staff, and overheads, are covered by this allocation.
30% for Reward Pool: Weekly contributions to the Reward Pool ensure that users are incentivized for their participation.
50% for Token Burning: To maintain the token's value and prevent inflation, half of the profits are used to 'burn' or permanently remove tokens from circulation.
Inflation Control: This Token Burning strategy is crucial for inflation control, helping maintain the purchasing power of the $WUT token within the ecosystem.
By striking a balance between rewarding users and ensuring the long-term viability of the token, Walk Up's Token Burning Flow is pivotal for the project's success and sustainability. This approach reflects a thoughtful economic strategy aimed at fostering a robust and thriving M2E platform.
