Tokenomics
Our platform will have its own native token, in time. First we will focus on product market fit, and user acquisition, then we will get to our Token launch.
But for the sake of the conversation we imagine the tokenomics and value accrual mechanisms like this:
Stakers will get 50% of the platform fees, which will make the $WOX token to accrue value, as the product and our user base grows
Stakers may get a % of the insurance fees, which will make the $WOX token to accrue value, as the product and our user base grows
Stakers may get $WOX staking yield
$WOX token may be used to access premium features.
$WOX token may be used to pay for arbitration, together with the respective token of that operation (that special bet pool)
$WOX token may be crafted from WOX Points
$WOX token may be used to pay for Claims (that raffle), together with the respective token of that operation (that special bet pool)
The token will also be used to incentivize users to participate in the platform, by offering discounts on ticket purchases and rewards for referring new users.
Organic deflation of $WOX Supply: buyback and lock-up for good.
Arbitrators may be required to have a minimum stake of $WOX in order to participate in the arbitration process, and be used as collateral in case of malicious behavior.
Governance:
From the $WOX tokens used in the platform, some may go to a marketing/ops pool and some may be destined to a Fund controlled by the WOX decentralized autonomous organization (DAO), which will be composed of platform stakeholders.
The DAO will be responsible for making decisions related to the use of those Funds with the objective of ecosystem development, including the allocation of resources and the introduction of new features, partnerships, etc.
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