If you don’t have a utility token, are you even trying! Who Loves Burrito? proudly introduces its very own token – the ‘Who Loves Burrito?’ (WLB) utility token. This token is designed as a reward for active contributions to research and engagement in various activities within the expansive Who Loves Burrito? universe. It serves as a powerful incentive for fostering community participation and collaboration. Who Loves Burrito? aspires to cultivate a dynamic and enjoyable community centered around decentralized projects.
At present, there exists a modest liquidity pool for the WLB-SOL pair, and there are plans to introduce additional pairs and maintain long-term liquidity.
How to Earn $WLB via contributions
New DePIN Event Accepted to Database: 500
New Main Project Accepted to Database: 5000
Read ‘Are you a DePIN?’ to find out if the project is eligible.
Tokenomics
The below is an initial proposal for the $WLB tokenomics. Please note that this is not final and is subject to change.
Token burns may be executed proportionate to the gross profit derived from revenues generated by the website/database. Presently, revenues are primarily derived from a modest amount of advertising, swag sales, and affiliate hardware payments. There are various avenues to enhance revenue for burns, subject to the decisions of WLB holders (as outlined below). These avenues include subscriptions offering exclusive access (such as first notifications of new projects and negotiated hardware discounts), ads/promotions, and other value-add initiatives.
Utility
The long-term strategy for the database involves transferring ultimate ownership to a decentralized organization (e.g., DAO), which will assume responsibility for decisions and guidance regarding the website and database. WLB (or another applicable token) will function as the ownership/governance token for this purpose.