The tokenomics of Dogwifhat is one of the main reasons why the project has been able to gain the trust of the community. Its model is extremely simple and transparent, which sharply contrasts with the convoluted schemes of other cryptocurrencies.
Key features of WIF tokenomics:
100% in circulation: The total supply of WIF tokens is around 998.92 million. All these tokens were released at once from the moment of launch. This means there were no 'hidden' reserves for the team, investors, or funds. Such a model eliminates the risk of token 'dumping' by insiders, creating a level playing field for all participants.
No staking or burning mechanisms: The WIF code does not provide for staking mechanisms for passive income or burning to create deflation. WIF is a purely speculative asset, whose value is determined solely by the dynamics of supply and demand in the market, rather than complex economic models.
Lack of governance: The WIF token does not grant governance rights over the protocol. Its sole function is to serve as a medium of exchange and a speculative asset.
This model, based on simplicity and the absence of hidden conditions, has played a crucial role in attracting investors who are tired of opaque schemes and constant token unlockings.#WIF $WIF