WACEO
  • 💭Introduction
    • Disclaimer.
    • Overview.
    • Industry Problem.
  • 🤑WACEO Token
    • Overview.
    • Legal Reserves Currency Empowering DAOs
      • Shields Up! Event
      • How to Shield Up
    • UnRekt: Legal Defence Currency for Communities
      • UnRekt Event
    • Minting.
      • Initial token distribution via fair launch (IDO).
      • Token Generation Event.
    • Treasury.
      • Reserves Treasury.
      • Funds Treasury.
    • Funds.
      • Liquidity Pool.
      • Rewards Program.
      • Operations & Legal Fund.
      • Dev Fund.
      • UnRekt Fund.
      • Special Initiatives Fund.
    • Deflationary Mechanism.
  • ⚙️WACEO Initiatives
    • Special Initiatives.
  • 🏛️Governance.
    • Overview.
    • Community.
    • Policies.
      • Operations & Legal Fund Policy.
      • WACEO AISBL - WACEO Token Initiative Policy.
      • Monetary Policy.
      • UnRekt Fund Policy.
      • Special Initiatives Fund Policy.
      • Dev Fund Policy.
    • Team.
  • 🤖Contracts
    • Wallets.
    • Audit.
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  1. WACEO Token
  2. Minting.

Token Generation Event.

During the Shields Up! event, 2 minting events would happen in parallel: 1. Creating Legal reserves. When a DAO initiates a Shields Up! event, the WACEO tokens would be minted and allocated to the DAO in form of legal reserves. 2. Funding Treasury. The second mint would happen in parallel with the Shields Up! event, when the equal amount of WACEO tokens would be generated to fund the Treasury. The distribution would happen as it follows:

  • 35% of the newly minted tokens would be used to create WACEO/DAO Liquidity Pool

  • 10% to the Founder. Team Fund (5% of the total market cap).

  • 55% of the tokens would be distributed to the WACEO funds: - 65% - Operations & Legal Fund - 10% - Liquidity Pool Rewards Program - 10% - UnRekt Fund - 10% - Special Initiatives Fund - 5% - Dev Fund

All contracts are locked, except for the Operations & Legal Fund. UnRekt, Special Initiatives & Dev Fund would require a certain threshold to be unlocked.

PreviousInitial token distribution via fair launch (IDO).NextTreasury.

Last updated 2 years ago

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