WCT Token Economic Model Analysis: Value Capture and Potential Risks
- Core Content:
- Total supply of 1 billion tokens, initial circulation of 18.62%, of which 44% comes from Binance Launchpool mining, and 32% held by early institutions, significant selling pressure on the first day.
- Token Functions: Governance, Staking, Fee Payment (not yet activated), and Ecological Incentives, facing doubts about inadequate value capture in the short term due to the 'launch first, build later' model.
- Risk Points: Early investors have low costs ($0.1-$0.2), and 50% of staking rewards rely on inflation, which may exacerbate the 'mine-extract-sell' cycle.
