What is The Word Token

Article Summary, Automatically Generated By AI

Summary of THE WORD TOKEN

  • Project: Community-driven BSC project with utility, built by a team from Nigeria and England in partnership with SMC DAO.
  • Features: Read2earn, Web3 e-library, rewards in BNB, and passive earning through staking TWD.
  • Tokenomics:

    • Supply: 100B
    • Distribution: 33% holders, 31% burnt, 30% locked, 6% LP
    • Taxes: 7% buy, 6% sell
  • Locked and burnt tokens: 30% locked for 7 years, 30% already burnt, leaving 40

About the Word Token

The Word Token Project (TWD) is a community-driven initiative built on the Binance Smart Chain (BSC), boasting an impressive array of utilities. Spearheaded by a diverse team with roots in Nigeria, Africa, and England, United Kingdom, in collaboration with SMC DAO, TWD pioneers the innovative “read2earn” concept. This groundbreaking feature is anchored by a Web3-powered e-library, where readers can utilize $TWD to purchase or rent literary works from the digital shelves.

In a bid to foster a global reading culture, this project’s overarching objective is to incentivize readers, who will receive a monthly allocation of BNB based on their ranking on the leadership board. Furthermore, writers will also reap rewards in the form of $TWD whenever their literary works are purchased or rented through the e-library platform.

Within the SMC DAO ecosystem, community members can earn passive income by staking TWD, thereby accumulating WIKI CAT, the primary token of the platform.

Tokenomics: Total Supply – 100 Billion. Distribution: 33% allocated to holders, 31% burnt, 30% locked, and 6% reserved for Liquidity Providers (LP). Transaction Taxes: 7% on buys and 6% on sells. Ownership has been renounced, with LP locked via Pinksale.

A significant 30% of $TWD’s total supply has been earmarked for a 7-year lock-up period, during which it will be incrementally burned on an annual basis. Furthermore, a substantial 30% has already been burned prior to the fair launch, resulting in only 40% of the total supply remaining in circulation.

A generous 10% of all $TWD expenditures within the e-library will be strategically allocated to the marketing wallet, thereby amplifying visibility and reach.

$TWD presents a compelling solution to this dilemma, enabling users to engage with meaningful literature that fosters personal growth and self-improvement, while simultaneously earning tokens. The tokenomics and roadmap of $TWD are truly impressive, complemented by a well-structured marketing strategy that has sparked my enthusiasm.

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