IC1101 World Token - $IWT

Last updated: 2024/05/09

IC1101 World Token - $IWT is the utility and governance token of IC1101.

IC1101 provides $IWT rewards for loyalty players, early participants, ecosystem partners and builders.

Acquisition of Tokens

Space Upgrade and Mining: By purchasing decorative items with coins, the space level increases. After reaching a certain level, the upgraded space can produce a certain amount of $IWT.
Staking Mechanism: IC1101 will gradually open up staking scenarios, allowing users to stake NFT assets or $IWT within IC1101 and receive a certain amount of $IWT as rewards.
Airdrop: Early participants who acquire a certain amount of $IEC have the opportunity to receive airdrops.

Purchase blind boxes: $IWT can be used to purchase blind boxes which include rare assets for upgrading the space.
Space Reset: In the event of inadequate cleanliness and prolonged neglect, a space will be subject to closure. By using $IWT as payment, it is possible to initiate a space reset and reactivate it.
Leaderboard Admission: By purchasing tickets with $IWT, you can participate in quarterly space leaderboards. There is an opportunity to share the rewards from leaderboard reward pool.
Advertising Placement: It is possible to purchase advertising positions within the IC1101 Metaverse using $IWT as payment.
Governance: TBD

Medium of exchange
Better Metaverse experience
Buyback and Burn
- Part of protocol revenue will be directed to buyback of circulating $IWT, which will then be burnt to create deflationary effects. Additionally, tax on in-game $IWT transactions will be burnt.
- The idea is for the community to share the growth and achievement of IC1101 Metaverse.
Staking
- $IWT can be staked to receive streaming $IWT that will be distributed periodically.
Governance: TBD

Team (18%)
- Vesting: 6 month cliff after TGE, unlocked linearly in 36 months
Fundraising (18%)
- Private Round (15%)
  - Vesting: 6 month cliff after TGE, unlocked linearly in 24 months
- Public Round (3%）
  - Vesting: TBD
Treasury and Reserve (25%)
- Operation Fund (5%) - Used for bootstrapping, marketing and liquidity management.
  - Vesting: No lockup, 12 month linear vesting
- Partnership Fund (5%)
  - Vesting: 2 month cliff after TGE, unlocked linearly in 12 months
- Long-Term Reserve (15%)
  - Long-term lockup. The reserve will not be used in the near future. A portion of the protocol revenue is streamed to this vault. It will be managed by the community once the governance structure matures.
- Community (39%)
  - Airdrop (7%)
    Emission: TBD
  - Space Ranking (5%)
    Emission: TBD
  - X to Earn (15%) - 15% are allocated to the x-to-earn incentive programmes. Decorating your spaces, upgrading rare wearables and items, collecting a full set of NFT furniture and many other actions will grant you a share of IC tokens.
    Emission: TBD
  - Staking (8%) - Liquidity providers who stake tokens in designated pools share 8% of the IC token supply. LP shares of the staking yields are determined pro rata.
    Emission: TBD
  - Business Incentive Pool (5%）

Last updated 4 months ago