Understanding $WASTE Token

ICRC Token Standard

$WASTE is built on the ICRC token standard of the Internet Computer Protocol (ICP), offering several advantages:

  • Interoperability: Compatible with all ICP-based services, including NNS, Oisy, and other wallets

  • Low Fees: Minimal transaction costs compared to Ethereum-based tokens

  • High Performance: Fast transaction finality

  • Energy Efficiency: Environmentally friendly consensus mechanism

Tokenomics

Category Allocation Vesting Schedule Community Rewards 40%Released based on platform milestonesEcosystem Development20%2-year linear vestingTeam & Advisors15%3-year vesting with 1-year cliffDAO Treasury15%Controlled by governanceInitial Liquidity10%Locked for 12 months

Total Supply: 1,000,000,000 $WASTE

Deflationary Mechanism: 1% of all transactions are burned, gradually reducing supply

Utility & Value

$WASTE tokens derive value from both utility and market dynamics:

  • Operational Utility:

    • Pay for waste collection services

    • Reward validators and collectors

    • Access premium features

  • Economic Incentives:

    • Discounts on eco-friendly products

    • Redemption for fiat currency

    • Staking rewards

  • Governance Rights:

    • Vote on platform upgrades

    • Participate in funding decisions

    • Propose new initiatives

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