Weave6 (WX) has been launched on HotsCoin on March 4. Weave6 (WX) is a digital asset ecosystem centered on NFT creators, collectors and traders. Committed to building a diversified centralized market, Weave6's goal is to inspire the exploration of NFT assets and promote the creation, discovery, trading and sharing of NFTs. The report will provide an in-depth look at Weave6’s market aggregator, full-chain asset trading infrastructure, token economics, and key features of the platform. WX is currently open for trading on HotsCoin.
Token information:
Token symbol: WX
Total amount of tokens: 1,000,000,000
Token distribution ratio and unlocking rules:
Seed round: 2% unlocked 1 month after the end of TGE, 20-month unlocking period, 10% unlocked every 2 months
Private placement round 1: 3%, 10% will be unlocked in TGE, 1 month after TGE, the 18-month unlocking period will begin, and 10% will be unlocked every 2 months
Private placement round 2: 5% will be unlocked at TGE and 10% will be unlocked at TGE. One month after TGE, the 18-month unlocking period will begin and 10% will be unlocked every 2 months.
Public fundraising round: 10%, 10% unlocked at TGE, 1 month after TGE (linear/daily unlocking), 9-month unlocking period, 10% unlocked every 1 month
Liquidity: 5% 40% is unlocked in TGE, 1 month after TGE, the 6-month unlocking period begins, and 10% is unlocked every 1 month
Partnership: 10% Unlock 10% at TGE, 1 month after TGE, start an 18-month unlocking period, 10% unlocked every 2 months
Reserve: 50% 12-month locking period, 20-month unlocking period, 5% unlocked every month
Team: 15% 6-month locking period, 10-month unlocking period, 10% unlocked every month
Market aggregator:
Weave6's market aggregator offers different versions for collectors and traders to maximize user experience. The Collector's Edition focuses on asset discovery and is aimed at users of the Web 2.0 and Token Trader communities. The Trader Edition is equipped with advanced trading features designed to increase efficiency and simplify the trading process. Users can easily switch between collector and trader modes to meet the needs of different users.
The latest partnership with ZetaChain marks an upgrade for Weave6, redefining it as a full-chain asset trading infrastructure. This includes indexers, markets, and launchpads, providing dApps and users with one-stop access to launch, mint, and trade multi-chain assets. This upgrade enables users to manage their multi-chain assets with a chain-agnostic and seamless experience through ZetaChain’s cross-chain and full-chain standard infrastructure.
ZetaChain and Omnichain Marketplace:
Known for its unique cross-chain messaging system and Omnichain standards, ZetaChain provides Weave6 with cross-chain and full-chain standard infrastructure. Weave6 allows users to discover, trade and manage their NFT and inscription assets on multiple chains through the Omnichain Marketplace. This further simplifies the management of cross-chain assets and avoids separate bridging mechanisms.
Omnichain Launchpad:
Omnichain Launchpad is part of ZetaChain and is designed to run smart contracts across various blockchains. Projects released on Weave6 can attract a wider audience by liberating user restrictions and ensuring the integrity and metadata of projects on different chains. This enables projects to achieve more diverse and broad coverage, realizing their potential in various ecosystems.
Weave6 Vault and Revenue Aggregator:
Weave6 Vault is the first NFT market aggregator designed to facilitate cross-platform and cross-asset arbitrage. Users can conduct passive NFT trading and cross-asset arbitrage by depositing NFT or crypto assets. This lowers the threshold for NFT transactions, allowing more people to participate.
Token Economics:
Weave6 designed a sustainable "proof of contribution" token economic model aimed at promoting the democratization and decentralization of community governance. As the governance token of the platform, WX tokens play a role in multiple aspects, including deducting transaction fees, paying cross-chain bridge fees, and participating in full-chain NFT and inscription transactions.
W6 points serve as a credit system to motivate and reward users for their active participation on the Weave6 platform. Users accumulate W6 points by completing tasks and platform activities, thereby improving their credibility in the ecosystem.
Weave6 Token Flywheel:
Weave6 adopts a POS+POW economic model and uses a dual credit system of W6 points and WX tokens. Users earn W6 points by completing tasks, proving their active participation. The use of WX tokens covers functions such as deducting costs, paying transaction fees, participating in cross-chain bridges and indexing services, etc. This constitutes the Weave6 token flywheel effect, prompting users to participate, trade and conduct platform governance.
in conclusion:
Weave6 has demonstrated strong innovation and integration capabilities in the NFT field. Its comprehensive market aggregator, full-chain asset trading infrastructure, and multi-level token economics build an ecosystem that encourages diverse participation. The cooperation with ZetaChain will further enhance its cross-chain and full-chain standard functions. The future development of Weave6 is exciting and will bring wider interconnection and development opportunities to the NFT community.
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