Tokenomics
Token & utilities
Explore the detailed tokenomics of Wag3s, including information about the ticker, type, supply, and chain. Understand the key utilities and future plans for the Wag3s token.
No Wag3s Tokens Generated Yet! Exercise Caution to Avoid Scams!
Token Details
| Attribute | Details |
|---|---|
| Ticker | Wages or wag3s |
| Type | Utility Token* |
| Supply | Fixed - 800,000,000 |
| Chain | multi - disclose soon |
Token Utilities:
Wag3s tokens play a critical role in the functionality and governance of the platform, offering several key utilities:
- Reduced Platform Costs: Staking* the token will reduce the cost of using the Wag3s platform.
- Governance Token: Function as a governance token*, allowing users to submit requests for customization and enhancement of platform features.
- Multiswap Use: Integral to the operation of the platform's multiswap* feature.
- Decentralized Storage: Key in the process of decentralized storage.
- Deflationary System*: The token includes a deflationary mechanism through a burn system.
- Future Utilities: Additional utilities related to features currently undisclosed.
Utility Token: A type of cryptocurrency that is used to provide access to specific products or services within a network or platform, often granting holders certain rights or benefits.
Governance Token: A type of cryptocurrency that provides holders with decision-making power in a decentralized network or platform, often through a voting mechanism on proposals related to the platform's development.
Staking: The process of holding or locking up cryptocurrency tokens to support the operations of a blockchain network, often in exchange for rewards or incentives.
Multiswap: A feature in some cryptocurrency platforms that allows users to swap between different types of cryptocurrencies within a single transaction or interface.
Deflationary System: An economic model in which the total supply of a cryptocurrency decreases over time, often through mechanisms like token burning, which can potentially increase the value of the remaining tokens.
Team & access
Wag3s provides robust tools to manage administrator accounts, designate collaborators, assemble your team, and control access rights, empowering you with comprehensive team management capabilities.
Distribution & Vesting
Details on distribution and vesting of the Wag3s token will be announced in the near future.