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Wezesha Coin: Tokenomics White Paper
Enabling Tech Progress and Web3 Education in the Ascending World
This white paper outlines the tokenomics of Wezesha Coin (WEZ), a utility SPL token designed to empower Startup Societies, Virtual Startups and facilitate technological progress in the web3 space. The Wezesha Project aims to provide vocational education and digital skills training to students and young entrepreneurs in remote areas of Africa and the ascending world. By leveraging the decentralized nature of blockchain technology, Wezesha Coin aims to facilitate the growth and development of innovative communities, fostering a dynamic ecosystem where entrepreneurs and technologists can thrive. This document provides a comprehensive overview of Wezesha Coin's purpose, distribution model, governance, and utility within the Wezesha Project.
Wezesha Coin is an integral part of the Wezesha Project, which seeks to empower Startup Societies – experimental communities that embody innovative governance models and advanced technologies. Through the utilization of web3 advancements, the project aims to create an environment where individuals can freely collaborate, exchange ideas, and drive technological progress. Wezesha Coin serves as the backbone of this ecosystem, facilitating value exchange, incentivizing participation, and enabling sustainable growth.
2. Token Purpose:
Wezesha Coin (WEZ) serves multiple purposes within the Wezesha ecosystem. It acts as a membership token, granting access to exclusive features and benefits within the community. Additionally, WEZ tokens function as a reward mechanism, incentivizing participation, learning, and achievement within the platform. Furthermore, Wezesha Coin enables the seamless transfer of value and facilitates transactions within the ecosystem.
3. Token Distribution:
The total supply of Wezesha Coins is capped at a predetermined amount of 10 Billion, ensuring scarcity and long-term value appreciation. The distribution is as follows:
Initial Exchange Offering (IEO): 50% of the total supply (5 billion tokens) allocated for initial liquidity provision, DEX listing, public sale or initial exchange offerings (IEOs), facilitating widespread adoption and participation.
Founders and Team: 25% (2.5 billion tokens) reserved for the founding members, project team and advisors, incentivizing their long-term commitment and alignment with the project's success.
Community Incentives: 10% (1 billion tokens) allocated to incentivize community participation, such as airdrops, crypto tasking, course rewards, and community development initiatives.
Ecosystem Development: 8% (800 million tokens) will be set aside to support future development, partnerships, and initiatives to ensure the project's long-term sustainability.
Reserve Fund: 5% (500 million tokens) will be set aside in a reserve fund to support future liquidity provision, and exchange listings.
Startup Fund: 2% (200 million tokens) allocated to empower Virtual Enterprises/ Startup Societies – experimental communities that embody innovative governance models and advanced technologies.
4. Token Utility:
Wezesha Coin (WEZ) provides various utilities within the Wezesha ecosystem. These utilities include:
4.1 Membership Benefits: Wezesha (WEZ) token holders will have exclusive access to premium features, courses, and resources within the platform. Membership benefits may include priority enrollment, advanced access to new courses, and additional support services.
4.2 Incentives and Rewards: Wezesha (WEZ) tokens will be used to incentivize and reward learners and startups for active participation, completion of courses, achieving milestones, crypto tasking and contributing to the community. These rewards can be redeemed for various privileges, such as access to advanced courses or exclusive events.
4.3 Transactional Medium: Wezesha (WEZ) tokens will serve as a medium of exchange for various transactions within the Wezesha ecosystem. Users can utilize WEZ tokens for purchasing courses, accessing additional resources, and engaging in peer-to-peer transactions.
5. Token Governance:
Wezesha Coin will adopt a decentralized autonomous organization (DAO) and startup society model to ensure community participation and governance. Token holders will have the ability to propose and vote on important decisions regarding platform upgrades, strategic partnerships, and the allocation of resources. This democratic governance structure aims to empower the community and align the interests of token holders with the long-term success of the project.
6. Token Ecosystem Expansion:
To enhance the utility and value of Wezesha Coin, the project aims to integrate with other web3 platforms and protocols. Potential integrations include decentralized finance (DeFi) platforms for startup funding, decentralized storage networks for educational content distribution, and identity solutions for secure and user-controlled access. These integrations will provide users with a broader range of opportunities and services within the Wezesha ecosystem.
7. Economic Model:
Wezesha Coin's economic model is built on the principles of sustainability and long-term value creation. Through careful tokenomics design, the project aims to balance the supply and demand dynamics, preventing inflation and maintaining price stability. The economic model is continually reviewed and updated to align with the evolving needs of the community, ensuring a robust and resilient ecosystem.
8. Collaboration and Integration:
The Wezesha Project actively seeks collaborations and partnerships with other web3 projects, startups, and organizations that share a common vision of empowering communities and advancing technological progress. By fostering integrations and synergies, Wezesha Coin aims to create a broader ecosystem that amplifies the impact of Startup Societies and enables widespread adoption of web3 technologies.
Wezesha Coin plays a pivotal role in empowering Startup Societies, Virtual Startups and facilitating technological progress at the forefront of web3. By providing a governance framework, crypto tasking incentives, and access to valuable resources, the token creates a vibrant ecosystem where entrepreneurs and technologists can thrive. The Wezesha Project aims to foster collaboration, inclusivity, and sustainability, ultimately empowering individuals to shape the future of governance and technological innovation.
You can now buy or trade Wezesha Coin on raydium.io DEX.
Disclaimer: This white paper is for informational purposes only and should not be considered as financial or investment advice. Potential investors should conduct their own research and due diligence before participating in the Wezesha Coin ecosystem.
White Paper by Wezesha Team