Understanding $WASTE Token
Last updated
Last updated
$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
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
Deflationary Mechanism: 1% of all transactions are burned, gradually reducing supply
$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