Tokenomics
WLTH token
Common Wealth is powered by the WLTH utility token. All non-investment financial transactions (rewards, staking, governance) are transacted in WLTH and are subject to a 1% fee which is used to fuel the Community Fund.
WLTH is used to:
pay transaction fees
reduce platform carry fees on investment returns
participate in fund and platform governance
deploy investment funds into projects
pay contributors
earn rewards for participation, learning and promotion
earn passive income from Community Fund
USDC stablecoin is used for investments - although it is envisaged in future that investments could be made in Ethereum and DAI.
The WLTH token is an ERC20 token running on the Ethereum blockchain.
Token symbol: WLTH
Total max. Supply: 1 billion
Token allocation
Allocation | Percentage | Tokens |
---|---|---|
Genesis NFT series 1 | 8.80% | 88,000,000 |
Genesis NFT series 2 | 2.20% | 22,000,000 |
NFT Staking Rewards | 0.75% | 7,500,000 |
Marketing | 2.40% | 24,000,000 |
Public Sale | 21.85% | 218,500,000 |
Team | 14.00% | 140,000,000 |
Treasury / Working capital | 20.00% | 200,000,000 |
Rewards & Incentives | 10.00% | 100,000,000 |
Exchanges & Liquidity | 10.00% | 100,000,000 |
Community Fund Bootstrap | 2.00% | 20,000,000 |
Advisors | 3.00% | 30,000,000 |
Council | 5.00% | 50,000,000 |
Totals | 100.00% | 1,000,000,000 |
Token Vesting Schedule
Allocation | Allocation | Tokens | Listing release | Listing amount | Remaining Tokens | Cliff (mths) | Vesting (mths) | Monthly release | Monthly release |
---|---|---|---|---|---|---|---|---|---|
Genesis NFT series 1 | 8.80% | 88,000,000 | 88,000,000 | 0 | 24 | 3,666,667 | 4.17% | ||
Genesis NFT series 2 | 2.20% | 22,000,000 | 22,000,000 | 0 | 24 | 916,667 | 4.17% | ||
NFT Staking Rewards | 0.75% | 7,500,000 | 100% | 7,500,000 | 0 | 0 | 0 | 0 | 0.00% |
Marketing | 2.40% | 24,000,000 | 0 | 24 | 1,000,000 | 4.17% | |||
Public Sale | 21.85% | 218,500,000 | 10% | 21,850,000 | 196,650,000 | 0 | 12 | 18,208,333 | 8.33% |
Team | 14.00% | 140,000,000 | 140,000,000 | 12 | 36 | 3,888,889 | 2.78% | ||
Treasury / Working capital | 20.00% | 200,000,000 | 200,000,000 | 12 | 36 | 5,555,556 | 2.78% | ||
Rewards & Incentives | 10.00% | 100,000,000 | 100,000,000 | 0 | 24 | 4,166,667 | 4.17% | ||
Exchanges & Liquidity | 10.00% | 100,000,000 | 10% | 10,000,000 | 90,000,000 | 3 | 9 | 11,111,111 | 11.11% |
Community Fund Bootstrap | 2.00% | 20,000,000 | 20,000,000 | 0 | 12 | 1,666,667 | 8.33% | ||
Advisors | 3.00% | 30,000,000 | 30,000,000 | 6 | 24 | 1,250,000 | 4.17% | ||
Council | 5.00% | 50,000,000 | 50,000,000 | 0 | 120 | 416,667 | 0.83% | ||
Totals | 100.00% | 1,000,000,000 | 3.94% | 39,350,000 | 936,650,000 | n/a | n/a | 51,847,222 | 5.18% |
Fundraising
We have raised funds via a fair launch from a community of like-minded individuals employing our Genesis NFT as a raise vehicle. Common Wealth is community-owned and operated.
Our thank you for assisting us to get off the ground will be generous participation in the revenue share from all income generated over the lifetime of the ecosystem from all funds deployed.
The Genesis OG series includes governance rights with a heavy dose of utility tokens.
There are two phases to the sale - Oct 2022 and coming in April/May 2023
Series 1 | Series 2 | |
---|---|---|
Max supply | 2,000 | 3414 |
$WLTH per NFT | 44,000 | 6444 |
Revenue share | share in 12% of platform profit for the lifetime of the eco-system | share in 3% of platform profit for the lifetime of the eco-system |
Governance rights | token allocation | token allocation |
token-gated access to some channels in Community | token-gated access to some channels in Community | |
additional utility TBC | additional utility TBC | |
invite-only AMAs |
Revenue will be available periodically for claiming - and of course full Treasury reports will be available at all times.
Genesis NFT Staking
As a thank you to the All Street OGs for your trust, support and blind faith in the team, you will be able to stake your genesis NFT until TGE (Token Generation Event) to earn daily $WLTH tokens.
For every 24-hour period your NFT is secured in the contract, you'll receive some $WLTH - see table below for more info.
Series 1 | Series 2 | |
---|---|---|
Per 24 hours | 27 $WLTH | 5 $WLTH |
Rewards can be claimed after TGE.
Come build the next generation of investment protocols with us.
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