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December 30, 2019, 10:29:45 AM
Last edit: February 09, 2020, 06:45:06 PM by WTIPAsset |
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WTIP is a token on the waves.exhcnage,
Originally the plan was to tie the waves asset to tokens on the waves exchange and lease out the tokens, but deciding the plan was not enough designing a new plan.
The plan is to set up a gaming competition,
Level 1 £50 entry,
Four players play for Level 2 entry
One winner
Level 2 £200 entry
Four players play for Level 3 entry,
One winner wins Level 3
Second Place wins Level 2 Ticket
Level 3 £600
Heads up match to get to the grand final
Grand final to be played at a later date 250 to 1500 players
£1200 entry.
The £1200 from each player will be a split prize pool, half paid out in £ and half in WTIP to support the token and promote the token.
The prize pool will be composed of entry fees + Sponsorship + 35% of revenue stream from live competitions and interviews with gamer's + comedy content or alternative content - expenses, which won't be more than hopefully more than - £50,000.
so say the direct entry is £300,000 and the expenses is - £50,000
£250,000 will be the prize pool. + sponsorship + 35% of revenue streams
the rest of the money will be saved to develop the token, from the revenue streams.
and the will be a buy back and burn of 10% from revenue streams.
half of the £250,000 will be put into WTIP so that would be £125,000 + 35% revenue stream boosting the price + 25% of the sponsorship
to buy the WTIP token you go to the waves.exchange
the is 100,000 tokens ever created and 100 so far have been burned the 10% rule is active.
the price is starting from 50 Waves for 1000 WTIP just type WTIP into the search feature.
and you will find them for sale under the Waves/WTIP pairing.
Nothing will be burned from the prize pool however, just revenue streams. 10% on the revenue stream only to reduce supply and increase price.
Thanks
James
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