Tokenomics
This section delineates the tokenomics structure of the Wireshape ecosystem, encapsulating the strategic allocation and distribution of the WIRE token, alongside its technical specifications. The WIRE token is engineered to serve as the linchpin of the Wireshape blockchain ecosystem, facilitating a multitude of operations and incentivizing participation across various stakeholders. The tokenomics are meticulously designed to ensure the long-term sustainability and growth of the Wireshape network, with a keen focus on balancing immediate utility with future ecosystem expansion.
Token Allocation and Distribution
The initial token distribution is designed to align the interests of the Wireshape ecosystem's diverse participants, including developers, validators, investors, and users. Table 1 presents the allocation of WIRE tokens across different categories, each serving a specific purpose within the ecosystem's economy.
Table 1: Token Allocation
| Allocation | Percentage of Allocation | Amount of Token | TGE % | Cliff Period (Month) | Vesting Period (Month) | Release Schedule (Frequency) |
|---|---|---|---|---|---|---|
| Advisors | 3% | 30 Million | 0% | 6 | 24 | Monthly |
| Node Validators | 10% | 100 Million | 0% | 0 | 48 | Monthly |
| Team | 17% | 170 Million | 0% | 12 | 36 | Monthly |
| Ecosystem Fund and Community Initiatives | 25% | 250 Million | 0% | 0 | 24 | Quarterly |
| User Airdrop | 8% | 80 Million | 20% | 0 | 0 | - |
| Investors | 13% | 130 Million | 0% | 3 | 18 | Monthly |
| Foundation | 14% | 140 Million | 0% | 3 | 27 | Monthly |
| Public Sale | 5% | 50 Million | 50% | 0 | 12 | Monthly |
| Liquidity Provision | 5% | 50 Million | 20% | 0 | 0 | - |
| Total | 100% | - | - | - | - | - |
Key highlights from the token allocation include:
Advisors and Node Validators: These allocations are aimed at securing long-term commitment from essential contributors to the network's development and operational integrity.
Team and Foundation: This portion of tokens reserved for the team and foundation ensures that the individuals and entities driving the Wireshape project are incentivized to contribute to its success over an extended period.
Ecosystem Fund and Community Initiatives: This allocation underscores the commitment to nurturing a robust and engaging community, essential for the network's growth and sustainability.
Public Sale and Liquidity Provision: These allocations are critical for establishing initial market liquidity and facilitating widespread token distribution among the broader public.
Technical Specifications
The WIRE token is built on the ERC-20 standard, ensuring compatibility with the Ethereum Virtual Machine (EVM) and facilitating ease of integration with existing digital asset infrastructures.
Table 2: Technical Specifications
| Attribute | Detail |
|---|---|
| Token Symbol | WIRE |
| Token Type | ERC-20 / EVM Native Network Token |
| Total Supply | 1B |
| Initial Circulating Supply | 5.1M |
The choice of the ERC-20 standard for the WIRE token leverages the widespread adoption and security of the Wireshape blockchain, while also allowing for interoperability with a vast ecosystem of wallets, exchanges, and other blockchain applications.
It's important to note that the Wireshape Mainnet and mainnet WIRE token have not yet been officially released.
Conclusion
The tokenomics of the WIRE token are foundational to the Wireshape ecosystem's economic and operational framework. Through strategic allocation, distribution, and technical design, the WIRE token is positioned to drive participation, incentivize contributions, and facilitate a wide range of transactions within the Wireshape network. The careful consideration of long-term sustainability alongside immediate utility reflects a balanced approach to ecosystem growth, ensuring that the Wireshape project remains viable, vibrant, and valuable for all stakeholders involved.