Just a thought… I don’t have any personal experience with this, but I wanted to put it out here anyway..
Could there be something like to create a dividend system for token holders, similar to how dividends work on the stock market. Within a fixed period, a snapshot could be taken of everyone’s holdings, and based on the amount of tokens you own, you would receive a dividend per token.
The community would decide:
How often the snapshot is taken (monthly, quarterly, etc.).
What the dividend should be (fixed % or flexible).
The payout currency in ETH or BTC rather than the project’s own token.
…
Could this incentivize people to hold tokens longer and strengthen the overall ecosystem?
I think the distribution of USD1 applies to that. Since the current WLFI has not implemented web3 Exchanges, rentals, and applications, the management will decide on the roadmap including dividends by voting after their operation begins.
New functions on the WLFI official website are being implemented little by little. Among them, if you deposit it with lend & borrow and lend it out, the fee will be returned. As far as the decline in the total amount of contracts is concerned, it should be seen that the first buyback and burn have already been carried out. However, since the price has fallen immediately after the launch, the management will further carry out buybacks and burns. Therefore, it is still too early to expect a price drop, and I think now is an opportunity to buy more other than pre-sale.Therefore, what you have to do now is to believe, endure and wait.
Dividends must come from somewhere for this to happen. The project itself must have a revenue stream, which must also be in profit to share amongst holders.
Crypto currencies and tokens are not shares in a traditional sense. The WLFI token is a governance token, profit from it were never guaranteed.
If the token isn’t attractive as a payout commodity or commonly transacted. Then what/where is its value and demand
Currently, early supporters are in massive profit. They have the option of selling up to 20% of their holdings at profit, up from 0.015 or 0.05 depending when one has invested. There’s plenty to gain and the team as managed the biggest risk by locking down the rest to prevent dumping on the market.
The community is also deciding whether it wants to burn revenue turned over from fees. To buy back the equivalent value in WLFI and permanently remove that amount from supply. Fees are currently the only structured WLFI revenue stream that I know of.
There’s further work to do first before we can start to drawdown. You can enjoy some of the early harvest, but mostly it’s still planting season.