Question 1

How does locking WX generate gWX, and how is the amount calculated and changed over time?

Accepted Answer

WX can be locked for periods ranging from two weeks to four years to obtain gWX. At the start of the lock, the amount of gWX is calculated from the amount of WX locked and the number of blocks corresponding to the lock period: gWX = (1/1000) × [locking blocks ÷ (30 × 1440)]² × WX locked. Accordingly, locking more WX or choosing a longer period results in a larger initial gWX amount; the period is expressed in blocks and affects the calculation quadratically. During the lock, the gWX balance gradually decreases and reaches zero when the selected lock period ends.

Question 2

Can more WX be locked before an existing WX lock expires?

Accepted Answer

Yes. More WX can be locked to obtain additional gWX even while an existing lock has not expired.

Question 3

How do gWX holders participate in setting the current WX release rate?

Accepted Answer

gWX holders set the current WX release rate through a community vote held every 131,400 Waves blocks, or approximately once every quarter of a year. The release rate is the amount of WX released each time a new block is added to the Waves blockchain. The rate set by the vote cannot exceed the maximum of 190.2587519 WX per block.

Question 4

What happens to the difference when the WX release rate is below its maximum?

Accepted Answer

The WX release rate is measured as the amount of WX released per newly added Waves block, with a maximum of 190.2587519 WX per block. The current rate set by community vote cannot exceed that limit; the smart contract burns the difference between the maximum and the current rate.

Question 5

How are the base and boost portions of WX rewards distributed?

Accepted Answer

The current WX release rate is divided into a base portion and a boost portion at a fixed ratio of 1:2: the base portion is one-third and the boost portion is two-thirds. The base portion is first allocated among liquidity pools according to their weights, then each pool distributes it among LP stakers according to their shares. The boost portion is allocated to users who have activated boosting.

Question 6

How do WX rewards accumulate and become claimable after LP tokens are staked?

Accepted Answer

Liquidity providers can stake LP tokens to receive regular WX rewards according to the release rate. The rewards accumulate in the contract and can be claimed at any time. While staked, LP tokens are locked and cannot be used for other purposes until they are unstaked.

Question 7

What roles does WX play in the trading pair and staking process when providing liquidity?

Accepted Answer

WX can be deposited in a liquidity pool as one of the tokens in a trading pair. A liquidity provider receives LP tokens for providing liquidity and can then choose to stake those LP tokens to accumulate and claim regular WX rewards according to the release rate. Depositing WX to provide liquidity and staking LP tokens are two separate steps.

Question 8

How does the fee rate differ when paying trading fees in WX?

Accepted Answer

Trading fees can be paid in WX at a more favorable rate. The specific discount is not stated.

Question 9

What WX unlock schedule does the DAO Maker page list?

Accepted Answer

The schedule listed on the DAO Maker page is 10% unlocked at TGE (token generation event), followed by linear release starting one month after TGE, distributed daily over nine months. This schedule is stated relative to TGE and does not represent the current circulating supply.

Question 10

What are the total supply and initial circulating supply of WX?

Accepted Answer

The DAO Maker page lists a total WX supply of 1,000,000,000 tokens and an initial circulating supply of 48,000,000 tokens. These are different measures: the latter is the initial amount in circulation, and neither figure represents the current circulating supply.

Question 11

What were the WX public-round token price, fundraising target, and FDV listed by DAO Maker?

Accepted Answer

The DAO Maker page lists a WX public-round token price of 0.015, an IDO fundraising target of $800,000, and a fully diluted valuation (FDV) of 15 million. These are figures listed for the public round and IDO, not the current market price or valuation.

Question 12

On which chains does Weave6 support trading and launching NFTs and inscription assets?

Accepted Answer

Weave6 supports trading and launching NFTs and inscription assets in the EVM, Solana, and Ordinals ecosystems. The platform is also described as incorporating an indexer, marketplace, and launchpad for applications to launch assets and users to mint and trade them. These are platform capabilities and do not mean that the WX token has the same functions.

Weave6 Token (WX) Price