Tokenomics & Utility

Introduction

WAIV is a community driven social utility token that will operate on the Algorand blockchain. The number of WAIV tokens minted at the Token Generating Event is 1 billion. These tokens will be allocated to various pools with the majority being distributed to the community ecosystem.

Token Metrics

Description	Details
Token Name:	WAIV
Protocol：	Algorand
Total Supply:	1,000,000,000

We have structured our Tokenomics to cater for both institutional investor’s and our community.

Category	Weight	Amount (WAIV)	Lock Up	Vesting	Initial Unlock %	Price
Seed Round	10%	100,000,000	3 months	24 months	2.5%	$0.01
Private Round	10%	100,000,000	3 months	18 months	5%	$0.02
Public Round	1%	10,000,000	0 months	8 months	20%	$0.05
Community incentives *	54%	540,000,000	0 months	36 months	0%
Exchange & Liquidity	5%	50,000,000	0 months	3 months	25%
Partnerships	3%	30,000,000	0 months	36 months	5%
Team	10%	100,000,000	12 months	24 months	0%
Advisors	4%	40,000,000	12 months	18 months	0%
Marketing	3%	30,000,000	0 months	36 months	5%
Total	100%	1,000,000,000

Community Airdrop *

WAIV token was initially released in March 2021. The market conditions of the token were strong with the coin reaching an all time high market capitalisation of $4.2 million. As the token's trading progressed into mid summer 2021, it's utility was lacking without the presence of a social media platform to which it could interact with. As a result, the development team, in conjunction with the Waivlength community, came to the conclusion to cease trading on the token.

The development of the social platform is now underway and the community is looking forward to the re-launch of the WAIV token in 2022. The initial community of holders will be entitled to the first round of WAIV tokens once minted (vesting conditions to be confirmed in 2022).

The pool of community sale tokens will be decided prior to our seed round of investment. The valuation model used to reflect the holders’ current notional value of tokens will be carried out at a specified date. This approach will ensure each individual holder will have the same, if not more value attached to their newly distributed tokens prior to their launch on future exchanges/DEX's. The community sale tokens will be taken from the community ecosystem pool for this.

WAIV Token Functionality

There are four key functions of the WAIV Token:

• Social Finance (SoFi)

• Staking

• Decentralised Finance (DeFi)

• Liquidity

Social Finance (SoFi)

WAIV holders will be able to earn while contributing to the ecosystem. This earning initiative gives all users an extra reason to use the platform.

All users have the capacity to earn for contributing positively to the network. The amount they can earn is determined by their ranking on the Social Consensus Protocol (see Web 3.0).

Users who positively contribute to the growth and maintenance of the platform will earn rewards determined by the social consensus protocol from two separate reward pools:

• Community Ecosystem - 60% of the community ecosystem will be allocated to reward contributors.

• Revenue Pool - 60% of Waivlength’s revenue after expenses will be apportioned to contributors.

Staking

Staking is the act of locking cryptocurrencies to receive rewards.

Staking allows transaction validation on the blockchain. Staked WAIV tokens are held securely in the WAIV token staking contract, temporarily removing them from the circulating supply. Stakers are rewarded a share of the 3.5% tax on transactions mentioned above.

Holders who stake WAIV will earn bonuses from two separate reward pools:

• Community Ecosystem - 40% of the community ecosystem will be allocated to reward stakers.

• Revenue Pool - 40% of Waivlength’s revenue after expenses will be apportioned to stakers.

How it works

• A holder of WAIV must stake for a minimum period of 30 days to earn that period bonus. Tokens must be staked up until the bonus is distributed. Prior withdrawal invalidates the bonus.

• The revenue pool will be converted into ALGO, the host blockchain’s native cryptocurrency before it’s returned to stakers.

• The bonus from the community ecosystem staking rewards are returned in the form of WAIV.

• The staker receives their staking rewards and WAIV tokens into their integrated wallet.

Decentralised Finance (DeFi)

WAIV will be a deflationary token with an initial supply of 1 billion tokens. The main benefits of DeFi are that there is no closed time for trading/transacting, it facilitates peer-to-peer transactions, and it is governed by smart contracts, which allows us to implement the following mechanisms:

Reflection

• 0.75% of each transaction is taxed and divided among all existing holders proportional to their % holding. This acts as a means of passive income simply by holding.

Liquidity Pool

• A further 1.5% of each transaction is taxed and returned to the liquidity pool for redistribution to various pools such as the community ecosystem (rewards & staking), treasury and marketing.

Burn Mechanism

• Lastly, 0.25% of each transaction is taxed and sent to a burn address, permanently removing it from the circulating supply. This is what makes the token deflationary, decreasing the supply of WAIV over time therefore supporting the token price through long-term Keynesian supply/demand theory.

Liquidity

A liquidity pool facilitates trading. It’s a pool of cryptocurrencies or tokens available to be bought and sold by investors. Holders of WAIV will be able to add to this liquidity in exchange for rewards. Adding liquidity also stabilises the token price, reducing volatility.

Holders that add WAIV to the liquidity pool, so-called liquidity providers, allow others to purchase WAIV using the added tokens. These liquidity providers will be rewarded in ALGO, the native coin of the blockchain in use. During periods of high trading volume, having liquidity providers is very beneficial.