Tokenomics

WSP is the native token of WeSwap.

WSP serves as both the utility and governance token, granting its holders and stakers access to a wide range of benefits, including receiving protocol dividends in USDC, earning token rewards, participating in community voting, and more.

Token Information

WSP's token address can be found at purchase link.

To purchase WSP, please visit the designated purchase link.

Escrowed WSP (esWSP)

esWSP represents the illiquid versions of WSP. esWSP is awarded to users who participate in staking, and can be converted into WSP at a 1:1 ratio via our vesting contract. Users can earn esWSP as rewards for staking WSP/esWSP.

Staking:

Staked WSP or esWSP earns rewards in two forms:

• esWSP rewards: please refer to the Rewards page for detailed information.

• USDC rewards: 30% of total revenue generated by the protocol is distributed to staked WSP tokens, with the amount distributed based on the net revenue, deducting referral rewards and network costs.

Please use the Earn page to stake your WSP tokens.

Supply:

The maximum supply of WSP is set at 10,000,000 tokens.

20% of WSP tokens are allocated for DEX liquidity and flood price protection.

50% of WSP tokens are allocated as esWSP for staking and community rewards.

10% of WSP tokens are allocated for the DAO foundation.

5% of WSP tokens are allocated for marketing, airdrops, and competition rewards.

10% of WSP tokens are allocated for private sale. 3 month cliff, then 24 month linear vesting.

5% of WSP tokens are allocated for advisors and partnerships. 3 month cliff, then 24 month linear vesting.

10% of WSP tokens are allocated for the core development team and future community contributors. 3 month cliff, then 36 month linear vesting.

WSP liquidity on DEX gradually increases as the price of WSP increases, with the DEX liquidity pool located at purchase link.

Liquidity is owned by the protocol and administered by multi-sig holders in the official version.