🪙Tokenomic & Distribution
WIZ Governance
Preliminary Information
As with every other ecosystem providing a range of services/utilities to users, the economy within the system must be powered by a currency unique to the ecosystem. The WizardLand ecosystem is no different as our economy will be powered by our governance token $WIZ which will be run natively on Sui. We will issue the $WIZ token with a capped supply of 100 million tokens, this supply will never be increased.
Distribution
Available tokens will be distributed through Staking, Airdrop, Raffle and Alpha Launch on Roadmap WizardLand 2.0.
Total Supply
There will be a capped supply of 100,000,000 $WIZ Tokens.
Allocation
Total Supply of $WIZ our projected distribution for the tokens:
42.5% of the token supply will be allocated to our WizardLand Treasury - Liquidity, ecosystem, partnerships, rewards, rapid growth and development of the WizardLand.
20% of the token supply will be allocated to our rewarding our holders via staking, % / duration will be released once staking goes live.
20% of the token supply will be allocated towards token sale, presale access to our holders, Launchpad partners and private investors. Public sale to follow afterwards.
15% of the token supply will be airdropped to our holders, OAT holders and WL-Pass holders over a short period of time for their immense support, details on % allocation will be released in due time.
2.5% of the token supply will be allocated to the team, this will be locked for 1 year with a vesting of 10% every 4 months after unlock.
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