Tokenomics
Overview
WEEZI is the Weezi.io platform’s native token
The WEEZI is primarily a utility token designed to facilitate and incentivise the decentralised governance of the Weezi.io ecosystem. You can use WEEZI to receive discounts on platform fees, save on network gas fees, benefit from staking, farming and NFT programs.
Each quarter 30% to 40% of the platform’s profit is used to buy back WEEZI tokens from the secondary market. Part of the purchased WEEZI tokens are burnt, and the rest is added back to the ecosystem and the token reserve. The parameters are not fixed and can evolve.
Token Details
Name: Weezi.io
Ticker: WEEZI
Type: ERC-20
Total Supply: 100 000 000
Use Cases
Fees
Weezi platform charges fees for DAO according to DAO Type
Club Tiers
Various Club Tier programs will be introduced as WEEZI ecosystem develops.
At TGE the following 2 groups of Weezi community can benefit from the Club Tiers program:
(i) Users of the Weezi PRO package.
(ii) WEEZI token holders who stake more than 25 ETH equivalent in WEEZI tokens with a lockup for 12 months.
Club Tiers give access to:
Closed chat with top DAO Managers of PRO packages
Weekly calls on market conditions (current and new strategies, opportunities, risks, threats)
Timely insights to be on top of the changing DeFi, NFT, GameFi markets
Regular online and live events
Discounts on platform fees and extended functionality on platform features
More details on the WEEZI Club Tiers can be found on Weezi.io web page.
Governance
Stakers of WEEZI can vote and submit proposals to improve Weezi.io platform. Governance will be live after the V3 launch.
Staking rewards
Community can stake WEEZI tokens and receive block airdrop rewards from the platform’s reserve. This mechanism incentivises users to hold their WEEZI tokens and participate in our decentralised governance.
Liquidity providers (first 12 months)
At TGE the Weezi team will list WEEZI tokens to various DEXes (decentralised exchanges), starting with Uniswap. Those who send their WEEZI tokens to WEEZI-USDC and WEEZI-ETH pools on Uniswap and other exchanges will receive Community (CT) tokens to their wallets. Such DEX CT token holders can participate in the liquidity providers farming program where holders of such CT tokens receive block airdrop rewards from the Weezi reserve.
This mechanism will enable bootstrapping the liquidity of WEEZI tokens across the DeFi ecosystem during the first months after the launch.
The exact details of the farming program for liquidity providers will be announced at TGE.
Token Buyback and Burn
Weezi.io schedules quarterly WEEZI token burns to gradually and permanently reduce supply of WEEZI, in turn, increasing its value.
All fees received by Weezi.io from its clients are split in the following manner.
65% goes to the Weezi Reserve and used by the operational team to run the platform. 35% is used to purchase WEEZI off the secondary market. 70% of the WEEZI tokens purchased off the secondary market are burnt. 30% of such WEEZI tokens bought back from the secondary market are added back to the Weezi reserve.
Quarterly token burns will continue until 50% of all WEEZI token supply is destroyed. By that time the community would be able to vote on the next steps of the token burn program.
Token Allocation
Depending on the open investment round, investors undergo a regular KYC and AML procedure, sign the SAFT agreement with WEEZI, transfer funds, and receive WEEZI tokens as per the calendar and on the terms below:
Token Release schedule
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