🪙WAL Token

The WAL ERC20 token represents the underlying assets in the WAL Liquidity Pool. It is a liquid token with a value of USD and be used as collateral or for farming strategies through various vaults. The price of WLP appreciates over time as players lose tokens, and these assets are added to the index composition.Providing liquidity to the WAL Liquidity Pool mints the address proportional WAL tokens to the liquidity provided. WLP tokens could be bought or sold at any time by directly interacting with the WAL Protocol smart contracts or through the interface provided by the platforms built on top of the WAL Protocol.There is a minimum of 0.15% and a maximum of 0.75% fee while purchasing or selling WAL. The fee range is decided by the targeted weights of the ERC20 token the transaction is being made with.Below is the formula that determines the price of WAL.

WAL Price=Total Worth of the Multi-Asset Index Pool /WAL Supply.​

All rewards are paid in WAL after the rewards have been converted into WAL.

Distribution：

The total Supply of 100,000,000,000 WAL is distributed as such:

• 30,000,000,000 WAL (30%): Reward Emissions

• 5,000,000,000 WAL (5%): Community

• 9,000,000,000 WAL (9%): DAO Reserve

• 16,500,000,000 WAL (16.5%): Contributors (12 month cliff +12 month linear vest)

• 14,000,000,000 WAL (14%): Team (12 month cliff +12 month linear vest)

• 17,000,000,000 WAL (17%): Investors (12 month cliff +12 month linear vest)

• 8,500,000,000 WAL (8.5%): DAOs & Market Makers (12 month cliff +12 month linear vest)

Risks Involved

• The WAL token is the counterparty to all the player transactions. When players constantly win, the composition may temporarily lose part of its assets. This will decrease the price of WAL until the losses of the players sum up and restore the lost assets.

• The assets in the liquidity pool have volatile USD values. This may affect the price of WAL in short periods.

• There is a smart contract risk. Please refer to the Audit section.