Tokenomics

What is $WDP token?

The $WDP token is at the core of the Woodrip Protocol, serving both as a means to incentivize liquidity providers and as a governance token within the protocol. By holding and staking $WDP, users can participate in voting for various improvement proposals, thus having a direct impact on the future direction of the Woodrip platform.

Furthermore, $WDP tokens can be staked in the protocol security module, providing added security and insurance for the protocol and its depositors. In return for staking, holders may receive rewards generated by the protocol.

The total supply of $WDP is capped at 100,000,000, mirroring the maximum supply of Bitcoin in tribute to Satoshi Nakamoto.

Here is the distribution breakdown of $WDP tokens:

• 75% of all $WDP tokens will be released to the community through platform engagement.

• 10% is allocated to the Team.

• 15% is reserved for the Woodrip Community Fund (1% for early community volunteers, and 14% for community development and the Woodrip Liquidation Reserve).

The release schedule of $WDP tokens is linear, with a daily decrease of 16 $WDP. Starting from day 1, 26,055.56164 $WDP tokens will be gradually released. This continues for a total of 4 years, ensuring a steady supply of tokens into the market.

For more information, please visit the official website.