WEAVE PROJECT
  • Welcome To WEAVE
    • Introduction
    • Background
      • Personal Information
        • Collection Of Personal Information
        • Private Sector Analysis Of Personal Information
        • New Business Opportunities
          • AI
          • CLOUD COMPUTING
          • SEARCH ENGINE
          • BLOCKCHAIN
        • Increased Awareness Of Personal Information Protection
      • Development and Evolution of WEB
        • WEB 1.0
        • WEB 2.0
        • Web2.0 security challenges
        • Prevention of Web2.0 vulnerabilities
        • WEB 3.0
      • Decentralized Physical Infrastructure Network
    • WEAVE Manifesto
    • WEAVE Philosophy
  • Core Technology
    • Wallet-to-Wallet encrypted network communication protocol
      • Internet Protocol
        • TCP/IP Protocol
        • Internet TCP/IP Communication Privacy Threats
        • Internet Privacy Communication Solutions
      • Layer Minus Protocol
        • Layer Minus
        • Privacy Threats of the Layer Minus Protocol
    • Decentralized Private Network DCPN
      • Decentralized Physical Infrastructure Network
      • Features
    • WEAVE Platform
      • WEAVE Wallet
  • Token Economic Model
    • $WEAVE
    • WEAVE Consensus Protocol
    • Incentives
  • Web2 Bridging
  • User Case
  • Guardian Plan
  • WEAVE Power Card
  • WEAVE Mining
  • Road Map
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Token Economic Model

WEAVE Economics

WEAVE stands out from the crowd due to several key factors. Similar to the primary innovation of the Bitcoin protocol, which introduced a new economic theory and its application, WEAVE incorporates innovative economic incentives to form alliances with "miners," achieving consensus and creating a novel, simple, and effective network security mechanism.

At different stages of project development, WEAVE adopts different consensus algorithms. In the early stage, to attract participants and reduce entry barriers, a simple proof-of-time consensus is employed, offering the highest return rate in WEAVE project history. This aims to swiftly and effectively establish the WEAVE consensus community. In the second development stage, as the WEAVE project evolves and business users seamlessly transition to Web3 application packages, attracting a continuous influx of Web2 traffic into the WEAVE network, participants receive not only WEAVE Genesis incentives but also user-paid usage fees. The third stage involves an open free market, where WEAVE has entered a virtuous cycle, allowing participants on both the supply and demand sides to choose freely.

WEAVE's token economics are designed to incentivize all stakeholders in the WEAVE ecosystem in the simplest way possible. The goal is to reward positive behavior, eliminate dishonest and fraudulent actors, and establish a system where the best performers thrive.

Key principles of WEAVE's token economics include:

  1. Ensuring Tokens as Ecosystem Fuel:

    • Tokens are designed to serve as the fuel for the WEAVE ecosystem.

  2. Supporting Usage and Investment, Avoiding Speculation:

    • Encouraging active use and investment in the system, while discouraging speculative behavior.

  3. Incentivizing Network Participants for Security and Quality Service:

    • Providing incentives for network participants who contribute to the security and high-quality service of the platform.

  4. Promoting Application Ecosystem Development and Usage:

    • Encouraging the development and usage of the application ecosystem within WEAVE.

  5. Facilitating Power Decentralization:

    • Promoting true decentralization where no individual or entity can control the entire WEAVE ecosystem.

By adhering to these principles, WEAVE aims to create a thriving and sustainable ecosystem that benefits all its stakeholders while maintaining simplicity and effectiveness in its token economics.

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Last updated 11 months ago